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



    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
    Permanent
    491 Visa
    Permanent
    482 TSS Visa
    Skilled Occupation
    ANZSCO Code
    Assessing Authority
    189 Visa
    190 Visa
    State
    Family
    186 Visa (DE)
    187 Visa
    All area
    Regional area
    Actuary
    224111
    VETASSESS
    Visa processing times-months (75%)
    9
    9
    -
    10
    17
    Business Visas
    Assessment
    Visa processing times-months (90%)
    12
    12
    -
    15
    19
      Inapplicability conditions (for a TSS visa):

    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.

    11/10/2019 Round Results:

    11/10/2019 (current)
    189 Visa
    491 Visa (Provisional)(Family Sponsored)
    Number of total invitations
    1500
    0
    Points Score
    80
    _
    Visa date of effect
    04/06/2019 8:33 PM
    _
    11/09/2019 (Previous)
    189 Visa
    491 Visa (Provisional)(Family Sponsored)
    Points Score
    85
    85
    Visa date of effect
    03/08/2019 10:05 PM
    15/08/2019 12:30am


    Occupation Ceiling for Actuary :
    Results : 14 / 1000 (Available: 986) (Ceiling Value) [1.40% Filled]


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

    Information for Employers

    Are you seeking to employ an Actuary for your company?

    If you are unable to find an Australian staff, you might consider hiring an Actuary from overseas. We have a huge database of potential candidates; you can email us your job opportunity at employer@deltaimmigration.com.au . Your offer will be sent to suitable candidates.

    This website is in a beta testing stage and is liable to have error.
    We cannot guarantee that this information is accurate, complete or current. Please see Terms of Use

    Sponsorship options for Actuary
    190 Visa Sponsorship
    491 / 491 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 22/10/2019
    SA
    List current as of 22/10/2019
    SAAvailable to South Australian international graduates, OR applicants have worked in a skilled occupation in South Australia, OR have eighty five points or higher (including state nomination points).
    • one year of skilled work experience in the past 3 years. See Work experience waiver
    • 45 years or less
    • Financial capacity
    • Competent Plus English (e.g. IELTS 6.5 in each band) (or Proficient overall); Not available for Chain Migration nomination from 14/08/2019
    • See Exemption considerations for International graduates of South Australia
    • Processing Times: 6 - 7 weeks
    SAImmigration South Australia stopped accepting state nomination applications for the subclass 491 visa at 11am on 14 August 2019.

    Victoria State Nomination (VIC) (Melbourne)
    VIC VIC
    • A current job offer within a regional area of Victoria; The employment offer must be in your nominated occupation and must be for full time work for a period of at least 12 months.
    • A Competent level of English (or equivalent); Exemptions: citizens of the USA, UK, Canada, Republic of Ireland or New Zealand.
    • meet the financial requirement.

    Postcodes: Cities and major regional centres (3211 to 3232, 3235, 3240, 3328, 3330 to 3333, 3340 and 3342); Regional centres and other regional areas(3097 to 3099, 3139, 3233 to 3234, 3236 to 3239, 3241 to 3325, 3329, 3334, 3341, 3345 to 3424, 3430 to 3799, 3809 to 3909, 3912 to 3971 and 3978 to 3996); Anywhere except the Melbourne metropolitan area; including Geelong, Ballarat, Bendigo, Shepparton, Mildura and Warrnambool)

    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
    WA WA
    WAAvaliable to applicants who have completed a Masters Degree or PhD in Western Australia
    • IELTS score of at least 7 in all bands or OET score of at least B in all bands or TOEFL-iBT (24 in all bands) or PTE Academic (65 in all bands) or Cambridge English Advanced (CEA) (185 in all skills)

      IELTS exemption: citizens of UK, Ireland, USA, Canada and New Zealand.
    • Have an employment contract for full-time employment for at least 12 months in Western Australia in the nominated (or closely related) occupation.

      Please Note: From December 2019 work experience and job offer requirements may be reduced. Graduates would need to either demonstrate six months of work experience or a six month employment contract, but not both. Currently, international students need to have 12 months of work experience plus a job offer for 12 months.
    WAAvaliable to applicants who have completed a Masters Degree or PhD in Western Australia
    • IELTS score of at least 7 in all bands or OET score of at least B in all bands or TOEFL-iBT (24 in all bands) or PTE Academic (65 in all bands) or Cambridge English Advanced (CEA) (185 in all skills)

      IELTS exemption: citizens of UK, Ireland, USA, Canada and New Zealand.
    • Have an employment contract for full-time employment for at least 12 months in Western Australia in the nominated (or closely related) occupation.

      Please Note: From December 2019 work experience and job offer requirements may be reduced. Graduates would need to either demonstrate six months of work experience or a six month employment contract, but not both. Currently, international students need to have 12 months of work experience plus a job offer for 12 months.
    New South Wales (NSW) (Sydney) State Visa Sponsorship
    NSWAvailability: Limited;
    Invitation results between January to August 2019
    NSW
    Central West
    Far South Coast
    Mid North Coast
    Murray
    Northern Inland
    Northern Rivers
    Orana
    Riverina
    Southern Inland
    Queensland (QLD) State Visa Sponsorship (Brisbane)
    QLD QLD
    QLD QLD
    QLD For PhD Graduates in Queensland:
      BSMQ Temporarily Suspends QUEENSLAND SKILLED VISA NOMINATION for Subclass 190 & 491 visas;
    • Completed within the last two years
    • Have a positive decision on thesis
    • Sufficient funds
    • Sponsorship Fee: $ 200
    QLD For PhD Graduates in Queensland:
      BSMQ Temporarily Suspends QUEENSLAND SKILLED VISA NOMINATION for Subclass 190 & 491 visas;
    • Completed within the last two years
    • Have a positive decision on thesis
    • Sufficient funds
    • Sponsorship Fee: $ 200
    Australian Capital Territory (ACT) (Canberra) Visa Sponsorship
    ACTClosed
    Canberra Matrix: Applicants should express an interest in applying for ACT 190 nomination by completing a score-based Canberra Matrix where they are allocated points against demonstrated economic contribution or benefit and/or a genuine commitment to be part of the ACT community.

    14 October 2019 CANBERRA MATRIX - INVITATION ROUND: 60 point matrix submitted on or after 14 April 2019 and on or before 30 April 2019;
    Number of Invitations Issued: 402

    You can nominate any occupation on the ACT Occupation List, even if that occupation is closed. However, only open occupations will score points in the ‘Nominated Occupation’ category in the Canberra Matrix.

    Applicants must demonstrate a ‘Proficient’ level of English as defined by Home Affairs (ie IELTS result with a minimum score of 7 (L, R, W, S) or or PTE Academic with a minimum score of 65 (L, R, W, S) or be eligible for ACT 190 Streamlined PhD nomination).



    Canberra residents

    You must meet the following minimum criteria before you are eligible to express an interest in ACT 190 nomination:
    • You must be living and working in Canberra for the three months immediately before the date of Matrix submission. While the employment does not have to be fulltime or permanent, it must be continuous. You must be working a minimum 20 hours per week. Paid annual or personal leave meets the employment criteria. Any claim for unpaid leave (including maternity leave) must be evidenced by a valid medical certificate
    • You may also work for more than one ACT employer or be self-employed on an ABN. If you are employed by a NSW employer in the ‘ACT Region’, you must demonstrate that your work activity is located in the ACT. Please note: internships, stipends, scholarships and volunteer positions are not considered employment for this criterion
    • If you are including a spouse / partner and/or children in your application, and they are in Australia, they must have lived in Canberra for the three months immediately before the date of Matrix submission.


    Overseas applicants

    You must meet the following minimum criteria before you are eligible to express an interest in ACT 190 nomination:
    • Your skills and at least 12 months continuous experience (within the last three years) in the nominated occupation must be relevant to the ACT economy. Experience in heavy industry, manufacturing, production, mining; shipping, gas and oil; head office banking and railways are not generally considered relevant industries given the structure of the ACT economy, which is primarily knowledge-based.
    • If you do not have a genuine ACT job offer, you must provide evidence of research into sufficient ACT employment opportunities in your nominated occupation, relevant to your skill set and experience (see Page 18: Employability for overseas residents).
    • You and/or any dependents must not be the holder of a current Australian visa (or associated bridging visa), except an Australian visitor visa.
    • You are not eligible for ACT 190 nomination if you, your spouse/partner or children are living or have lived in another Australian state or territory within the last twelve months.


    • Service fee: A$300 (if you are invited to apply)


    ACT
    Tasmanian (TAS) (Hobart) Government Visa Sponsorship
    TASNomination Criteria:
    • Available to Tasmanian international graduates who enrolled in a Tasmanian tertiary institution prior to 31 July 2017, have been living in the state for at least 12 months and have studied for a minimum of one academic year (40 weeks) in Tasmania; The course undertaken must be full time and be either a bachelor or any higher degree, a diploma, an advanced diploma, or a trade qualification (minimum Cert III level for a skilled occupation in Major Group 3 in ANZSCO); The applicant must currently be in Tasmania;
      or
    • The applicant must have been working in Tasmania for six months immediately prior to the application for state nomination in an occupation in-line with applicant's skills assessment (for a minimum of 35 hours per week); A genuine need for the position should be satisfied.
      or
    • For Overseas Applicants:
      • have formal job offer for a job that is based in Tasmania and in-line with applicant's skills assessment; The applicant and his/her dependants have not lived in another Australian state or territory within the last 12 months. A genuine need for the position should be met.
    • Applicants who enrolled in a Tasmanian tertiary institution after 31 July 2017 must meet the Australian study requirement through study in Tasmania. So they must complete a two year study in Tasmania and Have lived in the state during your period of study. The applicant and their dependants must be in Tasmania at time of application.
    and

    sufficient funds.

    Processing Time: 20 working days

    Sponsorship Fee: Nill
    TASClosure of Tasmania's subclass 491 Skilled Regional Visa Program
    Eligible skilled migrants can apply for visa state nomination of the new subclass 491 Skilled Work Regional visa from the 16th November 2019.
    491 Relative Sponsorship / 491 State Sponsorship
    StateDesignated regional area postcodes
    ACTAnywhere
    NTAnywhere
    Norfolk IslandAnywhere
    SAAnywhere
    TASAnywhere
    WAAnywhere
    VICPostcode areas 3211 to 3232, 3235, 3240, 3328, 3330 to 3333, 3340 and 3342, 3097 to 3099, 3139, 3233 to 3234, 3236 to 3239, 3241 to 3325, 3329, 3334, 3341, 3345 to 3424, 3430 to 3799, 3809 to 3909, 3912 to 3971 and 3978 to 3996
    NSWPostcode areas 2259, 2264 to 2308, 2500 to 2526, 2528 to 2535 and 2574, 2250 to 2258, 2260 to 2263, 2311 to 2490, 2527, 2536 to 2551, 2575 to 2739, 2753 to 2754, 2756 to 2758 and 2773 to 2898
    QLDPostcode areas 4207 to 4275, 4517 to 4519, 4550 to 4551, 4553 to 4562, 4564 to 4569 and 4571 to 4575,4124 to 4125, 4133, 4183 to 4184, 4280 to 4287, 4306 to 4498, 4507, 4552, 4563, 4570 and 4580 to 4895

    Source: DHA, 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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