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2293-15 Actuary
Applies mathematical, statistical and economic analyses to a
wide range of practical problems in areas of finance such as
insurance, superannuation and investment.
Skill Level:
The entry requirement for this occupation is a bachelor degree
or higher qualification. In some instances relevant experience is
required in addition to the formal qualification. Registration or
licensing is required.
Tasks Include:
- defines, analyses and solves complex financial and business
problems relating to areas such as insurance premiums,
annuities, pensions and dividends
- designs new types of policies, assesses risks and analyses
investments in life insurance, superannuation funds, health
insurance, friendly societies, stock exchanges and other areas
- assists with corporate investment policy and gives advice to
management
- calculates company surpluses and advises on the distribution
to policy holders
- examines financial projections for general insurance
companies, finance companies and other institutions
- may advise governments on the design and implementation of
financial policies in such areas as superannuation funds and
pensions, sickness, retirement and unemployment schemes
- may work as a consultant, offering statistical and financial
advice to general insurance companies, finance companies
and other institutions
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