Occupation

223131 Actuary

Latest release
OSCA - Occupation Standard Classification for Australia
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Reference period
2024, Version 1.0

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.

Skill level: 1

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