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Skilled Occupation PROFESSIONALS Business, Human Resource and Marketing Professionals > Information and Organisation Professionals Actuaries, Mathematicians and Statisticians Actuary


[According to Department of Education and Training, This occupation may be removed from SOL list in future years.]

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.

    Skill Level: 1

Actuary
Average Income:
The average salary for an Actuary 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
[See: www.abs.gov.au 2241 Actuaries mathematicians and statisticians - Employee Earnings and Hours, Australia, May 2016]



Australian visa options for Actuary

Employer Sponsorship
Direct Entry
Permanent
Permanent
Skilled Occupation
ANZSCO Code
Assessing Authority
189 Visa
190 Visa
489 Visa
186 Visa
187 Visa
457 Visa
Actuary
224111
VETASSESS

Actuary categories in Group A. To obtain a positive skills assessment form VETASSESS, applicants wishing to be assessed as a Actuary must have a qualification minimum at the level of an Australian qualifications Framework (AQF) Bachelor degree.

1/03/2017 Round Results:

1/03/2017 (current)
189 Visa
489 Visa (Provisional)(Family Sponsored)
Number of total invitations
1253
27
Points Score
60
60
Visa date of effect
1/03/2017 0:03
28/02/2017 0:03
15/02/2017 (Previous)
189 Visa
489 Visa (Provisional)(Family Sponsored)
Points Score
60
60
Visa date of effect
15/02/2017 0:06
14/02/2017 18:43



The maximum numbers of invitations in Next events:
189 Visa
489 Visa (Provisional)(Family Sponsored)
15-Mar-17
2000
200
29-Mar-17
2000
200

Occupation Ceiling for Actuary :
Results : 89 / 1000 (Available: 911) (Ceiling Value)


State and territory nominated visas is not subject to occupational ceiling limitations

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We cannot guarantee that this information is accurate, complete or current. Please see Terms of Use

Sponsorship options for Actuary
____________________________________________________________________________________________________________
190 Visa Sponsorship
489 Visa Sponsorship
Northern Territory (NT) (Darwin) Government Visa Sponsorship
NT NT
NTFor applicants who are able to provide evidence of positive employment prospects NTFor applicants who are able to provide evidence of positive employment prospects
NTFor Graduates in the NTNTFor Graduates in the NT
NTFor applicants who have strong family connectionsNTFor applicants who have strong family connections
NTFor applicants who meet the NT residency and work requirements (including 485, 417, 462 and 457 visas Holders)NTFor applicants who meet the NT residency and work requirements (including 485, 417, 462 and 457 visas Holders)
Nomination by South Australia State Government (SA) (Adelaide)
SA
List current as of 21/03/2017
SA
List current as of 21/03/2017
SAAvailable to South Australian international graduates, OR applicants have worked in a skilled occupation in South Australia, OR have an immediate family member permanently residing in South Australia OR have eighty points or higher (including state nomination points).
  • one year of skilled work experience in the past 3 years. See Work experience waiver
  • 49 years or less
  • Financial capacity
  • Competent English (e.g. IELTS 6.0 in each band)
  • See Exemption considerations for International graduates of South Australia
  • Processing Times: 6 - 7 weeks (Current at: 13/7/2016)
SAAvailable to South Australian international graduates, OR applicants have worked in a skilled occupation in South Australia, OR have an immediate family member permanently residing in South Australia OR have eighty points or higher (including state nomination points).
  • one year of skilled work experience in the past 3 years. See Work experience waiver
  • 49 years or less
  • Financial capacity
  • Competent English (e.g. IELTS 6.0 in each band)
  • See Exemption considerations for International graduates of South Australia
  • Processing Times: 6 - 7 weeks (Current at: 13/7/2016)
Victoria State Nomination (VIC) (Melbourne)
VIC VIC
VIC For Graduates in Victoria:
  • completed a PhD in Victoria within the past five years.
  • IELTS: Minimum 6.0 in each band
VIC For Graduates in Victoria:
  • completed a PhD in Victoria within the past five years.
  • IELTS: Minimum 6.0 in each band
Skilled Migration Western Australia State Nomination (WA) (Perth)
WA WA
New South Wales (NSW) (Sydney) State Visa Sponsorship
NSW
NSW
Far South Coast
Mid North Coast
Murray
Northern Inland
Orana
Riverina
Southern Inland
Queensland (QLD) State Visa Sponsorship (Brisbane)
QLD QLD
QLD For PhD Graduates in Queensland:
  • Completed within the last two years
  • Have a positive decision on thesis
  • Sufficient funds
  • Sponsorship Fee: $ 200
Australian Capital Territory (ACT) (Canberra) Visa Sponsorship
ACT
  • Closed

  • Applicants working in Canberra are eligible to apply. Overseas applicants with an ACT job offer or close family member living in Canberra may be eligible to apply.

  • IELTS result with a minimum score of 6 (L, R, W), 7 in speaking and 7 overal; or OET result with a minimum grade B in all sections; or TOEFL iBT with a minimum score (L:12 R:13 W:21 S:23 overallL93); or PTE Academic with a minimum score of 50 (L, R, W), 65 in speaking and 65 overal; (For overseas residents)

  • Passport Holders of the following countries are exempt from submitting IELTS or OET: UK; Canada; New Zealand; US; or Ireland

  • Service fee: A$300

Effective 13 September 2016, applications for ACT nomination from overseas residents will not be accepted. The program reopens in July 2017.

ACT
Tasmanian (TAS) (Hobart) Government Visa Sponsorship
TASNomination Criteria:
  • Available to Tasmanian international graduates who studied for a minimum of one academic year (46 weeks);
    or
  • have formal job offer for a job that is based in Tasmania and in-line with applicant's skills assessment (for a minimum of 35 hours per week);
    or
  • have an immediate family member (parent, child, sibling, aunt, uncle, first cousin, or grandparent) permanently residing in Tasmania.
and

sufficient funds.

Processing Time: 20 working days

Sponsorship Fee: Nill
TASNomination Criteria:
  • Available to Tasmanian international graduates who studied for a minimum of one academic year (46 weeks);
    or
  • have formal job offer for a job that is based in Tasmania in any fields (for a minimum of 35 hours per week);
    or
  • have an immediate family member (parent, child, sibling, aunt, uncle, first cousin, or grandparent) permanently residing in Tasmania;
    or
  • Available to small business owners with past business experience and management expertise who have a business plan
and

sufficient funds.

Processing Time: 20 working days

Sponsorship Fee: Nill

Eligible Postcodes: Entire territory (including Hobart, Launceston, Devonpor, Burnie, Kingston, Ulverstone, Wynyard, George Town and Sorell)

489 Relative Sponsorship
StateDesignated Areas
NTAnywhere
SAAnywhere
VICAnywhere
WAAnywhere
NSWPost areas 2311-2312, 2328-2333, 2336-2490, 2535-2551, 2575-2739, 2787-2898 (anywhere except Sydney, Newcastle and Wollongong)
QLDPostcode areas 4019-4028, 4037-4050, 4079-4100, 4114, 4118, 4124-4150, 4158-4168, 4180-4899 (anywhere except Brisbane metropolitan area)
ACTAnywhere
TASAnywhere

Source: DIBP, migration.tas.gov.au, business.nsw.gov.au, migration.qld.gov.au, migration.sa.gov.au, australiasnorthernterritory.com.au, liveinvictoria.vic.gov.au, migration.wa.gov.au,

Actuary job description, duties and education requirements

UNIT GROUP 2241 ACTUARIES, MATHEMATICIANS AND STATISTICIANS

    ACTUARIES, MATHEMATICIANS AND STATISTICIANS 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.

    Econometricians are excluded from this unit group. Econometricians are included in Unit Group 2243 Economists.


    Indicative Skill Level:

    In Australia and New Zealand:

      Most occupations in this unit group have a level of skill commensurate with a bachelor degree or higher 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).

    Registration or licensing may be required.


    Tasks Include:

    • 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

    Occupations:

    Sources: www.abs.gov.au and DIBP


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