How to become an actuary
Specialise in mathematical, statistical, and fiscal data to help organisations make decisions and plan for growth.
Pathways to this career
- Complete a recognised undergraduate degree in actuarial studies or commerce, majoring in actuarial studies.
- To be recognised as a qualified actuary with the official title of Associate of the Institute of Actuaries of Australia, you must complete a series of programs and pass examinations set by the Australian Institute of Actuaries (AIA).
- The highest level of recognition, a Fellowship, deems you to be an expert and leader in the industry. This title requires further education through the AIA plus an additional year of supervised work experience.
What does an actuary do?
Duties and tasks
- Able to analyse complex data and report on the results.
- Evaluate businesses financial risks and provide judgement on investments or planned future investments.
- Knowledge and proficiency in regulatory issues, policies, risk and compliance matters.
- Perform financial and risk analysis.
- Prepare financial models, financial projections, budgets and future cash flows.
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