An Actuary is a qualified and specialised professional who is able to analyse and examine mathematical, statistical and fiscal data to help businesses plan for long term growth and in making business decisions. An Actuary will help assess the risk involved in making certain decisions and be skilled in compliance matters, accounting rules and performing data analysis.

Duties and tasks

  • Ability 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
  • Understanding of insurance accounting

Skills required

  • Analytic / Problem Solving Skills
  • Critical Thinking
  • Mathematical and Statistical
  • Strong Attention to Detail
  • Written and Verbal Communication

Working conditions

Actuaries work in an office environment. Typically an actuary will work standard hours, however he or she may need to work extra time during busy parts of the schooling year.

Professional associations / Industry information

The Institute of Actuaries of Australia The sole professional body for actuaries in Australia, the Actuaries Institute represents the interests of its members to Government, the business community and the general public. 

Related jobs and job titles

  • Academic
  • Accountant
  • Consultants
  • Economist
  • Insurance Agent / Officer
  • Investment Banker / Risk Analyst
  • Mathematician
  • Property Insurance
  • Statistician

Related degrees

Related subjects