Actuary
Identify, evaluate and minimise risk in a business setting.
Job opportunities
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Jobs on SEEK right now
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Projected job growth in 5 years
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Typical salary
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What's it like to be an Actuary?
An Actuary uses mathematical, economic, statistical and financial analysis and knowledge to identify, evaluate and minimise risk and uncertainty in a variety of business settings.
Tasks and duties
- Examining and analysing statistics related to risks and calculate the possible financial consequences of those risks.
- Estimating future probabilities of events and establish premiums, expected rates of return or contributions for clients and companies.
- Ensuring companies have appropriate finance available to minimise the impact of risk and uncertainty.
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Actuaries are individuals with excellent problem-solving skills, in addition to possessing superior analytical, statistical and mathematical abilities.Actuaries tend to be employed within the industries of insurance, superannuation, fund management, investments, education, health financing and banking.
How to become an Actuary
- Complete a Bachelor of Actuarial Studies or a Bachelor of Commerce (majoring in Actuarial Studies) at an accredited university.
- Complete a training and assessment program set by the Actuaries Institute to be recognised as a qualified Actuary.
- Higher levels of recognition are available through the Actuaries Institute, which can be attained through additional training and supervised experience.
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Latest Actuary jobs on SEEK
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Location
AustraliaTop skills and experience requested in recent job ads
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Actuarial StudiesLife InsuranceGeneral InsuranceValuationCapital ManagementInsurance IndustryMathematicsPython ProgrammingReinsuranceMicrosoft ExcelSkills listed in your SEEK Profile
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Is Actuary the right role for me?
Job market trends for Actuaries
Location
AustraliaProjected job growth
National increase over next 5 years
2021
2026
Source: National Skills Commission. Actuaries, Mathematicians and Statisticians
Source: SEEK job ads and SEEK role reviews
Latest Actuary reviews
Latest reviews from 2 Actuaries surveyed on SEEK.
All
Positive
Negative
Oct 2018
My job is AA rated!
Reviewer's Qualification
Fellow of the Institute of Actuaries of Australia
Experience
10+ years
Organisation size
Medium (20-199 employees)
Specialisation
Finance
The good things
My AA role is internal - I am an employee. Some AAs are external consultants. I have been both in my career and internal is best as I not only do the statutory work but the pricing, reinsurance and h...
The challenges
My role suits me very well - I think of myself as an “actuarial decathlete” as I have to do the analysis, report writing, presentations, researching new methods, etc. The only dlight downside is that...
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May 2021
An Actuarial career
Experience
10+ years
Organisation size
Large (200+ employees)
Specialisation
Reinsurance
The good things
An actuarial qualification is a ticket to interesting and varied roles across financial services in Australia and the rest of the world. Its a global qualification. Its a profession that has worked ...
The challenges
Data analytics and actuarial analysis can form the basis of good decision making. As an actuary you can be the trusted advisor in decision making and grow to be the decision maker.
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