A female actuary reviews data to provide advice on an insurance policy

Actuary

Analyse data and assess trends to predict the financial risks and impacts of future events.

Overview

Actuaries analyse mathematical, statistical, demographic, financial and economic data to predict the long-term risk involved in financial decisions and planning. Their risk assessments inform decision making within organisations offering insurance, superannuation and investment products or services.

Work is in an office, with possible travel to meet clients and attend events.

Suited for people with close attention to detail who enjoy problem solving and mathematics. Critical thinking and good written and verbal communication skills are important.

Day-to-day

  • collect and analyse statistics about past financial events and forecast the effect of future financial events
  • analyse and solve business problems relating to areas such as insurance premiums, annuities, superannuation funds, pensions and dividends
  • advise businesses and government on financial projections and on business risks
  • prepare reports and advise on insurance, investment, superannuation and management of funds
  • assess risks in life insurance, superannuation funds, health insurance, friendly societies, financial markets and other areas.

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