Actuary
Identify, evaluate and minimise risk in a business setting.
Job opportunities
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Jobs in SEEK right now
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Typical salary
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Job opportunities
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Jobs in SEEK right now
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Typical salary
Job growth
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5-year projection
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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.
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
To work as an Actuary in Australia, you need a degree in the field. You also need to complete a training program set by the Actuaries Institute of Australia.
- 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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Find out how your salary compares with the average salary for Actuaries.
Latest Actuary jobs on SEEK
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Skills and experience employers are looking for
Having the right skills and experience can make you an in-demand applicant. Actuary employers on SEEK are looking for job seekers with expertise in the following areas.
Source: SEEK job ads and SEEK Profile data
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Latest Actuary reviews
Oct 2018
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
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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Source: SEEK role reviews
SEEK has not verified the truth or accuracy of these comments and does not adopt or endorse any of the comments posted on this page.SEEK collects and posts the comments for what they are worth and for information purposes only to assist candidates to find employment through seek.com.au
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