Actuary
- Classification
- Occupation
- Skill level
- 1
- Major group
- Professionals
Classification
- Major group
- 2Professionals
- Sub-major group
- 22Business Professionals
Description
Analyses mathematical, statistical, demographic, financial or economic data to predict and assess long-term risks and potential impacts of future events.
Unit group
2231 · Actuaries, Mathematicians and StatisticiansDescription
Analyse, develop and apply actuarial, mathematical, statistical, financial and quantitative principles and techniques to solve problems and design experiments and surveys in a range of fields such as business and finance, health, engineering, government, scientific and social research, and technology.
Skill level
Australia
1
Occupation skill level 1
Tasks
Tasks include
- Applies and examines complex models to forecast future events that may have financial, social or environmental impacts
- Analyses data to identify opportunities to improve outcomes for companies, government, society and other organisations
- Formulates and proposes strategies to mitigate risks and uncertainties
- Designs policies, assesses risk and analyses investments primarily in life insurance, superannuation, health insurance, friendly societies and financial markets
- Ensures compliance with applicable laws, regulations and an ethical code of conduct
Occupations in this unit group
Sources
- www.abs.gov.au/statistics/classifications/osca-occupation-standard-classification-australia/2024-version-1-0/browse-classification/2/22/223/2231
- www.abs.gov.au/statistics/classifications/osca-occupation-standard-classification-australia/2024-version-1-0/data-downloads/OSCA%20Category%20Descriptions.xlsx
The supplied migration lists use ANZSCO codes, not OSCA codes.
