Group
Occupation
223131 Actuary
Latest release
Consultation draft: Australian and New Zealand Standard Classification of Occupations (ANZSCO)
Reference period
July 2024
Released
25/07/2024
First release
223131 Actuary
Analyses mathematical, statistical, demographic, financial, or economic data to predict and assess long-term risks and potential impacts of future events.
Registration or licensing is required.
ANZSCO skill level
This occupation has a skill level corresponding to the qualifications and experience below.
Australia
- Skill Level 1: Bachelor Degree, higher qualification, or at least five years of relevant experience
New Zealand
- Skill Level 1: Bachelor Degree, higher qualification, or at least five years of relevant experience
Main tasks
- 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