224111: Actuary
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Skill Level: 1
Assessing Authority: VETASSESS
Visa Options – ANZSCO 224111
| Visa Type | Eligibility | MLTSSL | STSOL | ROL |
|---|---|---|---|---|
| Subclass 189 (Skilled Independent) |  | | - | - |
| Subclass 190 (Skilled Nominated) | | | - | - |
| Subclass 491 (State/Territory nominated) | | | - | - |
| Subclass 491 (NOT nominated by State/Territory) | | | - | - |
| Subclass 485 (Graduate) | | | - | - |
| Subclass 482 (TSS) | | | - | - |
| Subclass 186 (ENS) | | | - | - |
| Subclass 187 (RSMS) | | | - | - |
| Subclass 407 (Training) | | | - | - |
State Eligibility Summary Table – ANZSCO 224111
| State/Territory Nomination | Visa Subclass 190 | Visa Subclass 489 |
|---|---|---|
| ACT Australian Capital Territory |  |  |
| NSW New South Wales | | |
| NT Northern Territory | | |
| QLD Queensland ('I'm Offshore' list) | | |
| SA South Australia |  | |
| TAS Tasmania | | |
| VIC Victoria | | |
| WA Western Australia (General stream) | | |
- Occupation MAY be eligible
- Occupation in the ‘Supplementary Skilled List’ or ‘Special Conditions Apply’
- Occupation NOT on relevant ‘State Occupation List’, or ‘Closed’ status; but MAY still be eligible if you meet the requirements
- Occupation NOT eligible
224111: Actuary
Major Group: 2 – Professionals | Sub-Major Group: 22 – Business, Human Resource and Marketing Professionals | Minor Group: 224 – Information and Organisation Professionals | Unit Group: 2241 – Actuaries, Mathematicians and Statisticians
Description
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.
Skill Level
Occupations at Skill Level 1 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.
Tasks
- Defining, analysing and solving complex financial and business problems relating to areas such as insurance premiums, annuities, superannuation funds, pensions and dividends
- Examining financial projections for general insurance companies, finance companies, government and other organisations
- Designing new types of policies, assessing risks and analysing investments in life insurance, superannuation funds, health insurance, friendly societies, financial markets and other areas
- Formulating mathematical models to simulate processes
- Applying models to experimental observations, and adjusting and recasting the models
- Using numerical analysis methods to develop algorithms and perform computations
- Liaising with management and clients to determine the subject or area to be surveyed or examined
- Specifying the data to be collected, and the methodology to be used in collection and analysis
- Evaluating and describing the reliability and utility of source information
- Analysing and interpreting data, and producing relevant statistics to describe and infer particular trends and patterns
Assessing Authority
Website
Email“Currently there is no known caveats applicable to this occupation”. Refer to Department of Home Affairs website for updated list.
Source: Australian Bureau of Statistics, Commonwealth of Australia 2015 – Australia and New Zealand Standard Classification of Occupations (ANZSCO) Version 1.2 CODER, Cat No. 1220.030.001, http://www.abs.gov.au/ausstats/abs@.nsf/mf/1220.0