Registered Migration Australia
An actuary analyses mathematical, statistical, demographic, financial or economic data to predict and assess the long-term risk involved in financial decisions and planning. Registration or licensing is required in Australia as an actuary. Actuary is a Skill Level 1 occupation.
Actuary Occupation Lists
This occupation is on the following skill lists:
This occupation is not on the following skill lists:
Group: 2241 Actuaries, Mathematicians and Statisticians
The job of an actuary in Australia is to develop and apply actuarial, mathematical, statistical and quantitative principles and techniques to solve problems in a range of fields such as business and finance, scientific and social research, and engineering.
Note: Econometricians are excluded from this unit group. Econometricians are included in Unit Group 2243 Economists.
Most occupations in the actuary unit group (Group: 2241) have a level of skill commensurate with a bachelor degree or higher qualification. At least five years of relevant experience may substitute for the formal qualification. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification (ANZSCO Skill Level 1).
In Australia registration or licensing may be required as an actuary.
Occupations within the Actuary Group
Note: Whilst a similar occupation may appear in the same actuary group if not listed in either the STSOL or MLTSSL the ANZSCO description should be used for reference purposes only.
English Requirement Actuary
Where mandatory licensing or registration is required you must demonstrate a level of English either sufficient to meet licensing / registration or a minimum IELTS, or equivalent, whichever is higher.
Average Income Actuary
The average salary for an Actuary in Australia is $ 95,725 for male employees and $ 82,446 for female employees per year. Average Age: Males: 38.3 Females: 41.7 Persons: 40.0
Source: www.abs.gov.au (Group 2241) Actuaries mathematicians and statisticians - Employee Earnings and Hours, Australia, May 2016
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