ANZSCO: 224111 Actuary
Skill Level: 1 | Assessing Authority: VETASSESS (Group: A)
Group A : Skills Assessment Criteria:
Qualification(s) assessed at Australian Bachelor degree or higher degree with a highly relevant field of study and at least one year of post qualification
highly relevant employment at an appropriate skill level in the last five years.
Additional Information
Actuaries analyse mathematical, statistical, demographic, financial or economic
data to predict and assess the long-term risk involved in financial decisions and
planning (ANZSCO).
Highly relevant major fields of study include Actuarial Science, Actuarial Studies,
and Actuarial Practice.
The courses should cover the key areas of Actuarial Statistics, Risk Modelling and
Survival Analysis, Actuarial Mathematics, Financial Engineering and Loss
Reserving, Business Finance and Business Economics.
Fellowship or Associateship of a body with which the Actuaries Institute of
Australia holds a Mutual Recognition Agreement will be highly regarded.
Applicants who have completed or are working towards completion of
qualifications from, or membership or fellowship of, recognised Actuarial
institutes are required to provide evidence of this, such as certificates, transcripts
and syllabuses.
Applicants who do not possess qualifications in Actuarial Science, Actuarial
Studies, or Actuarial Practice are strongly encouraged to provide a copy of an
official syllabus for each qualification. Qualifications in Mathematics or Statistics
will be assessed on a case-by-case basis provided the above-listed key areas are
covered.
Requirements for Skills Assessment
This occupation requires a qualification that is assessed as comparable to the
educational level of an Australian Qualifications Framework (AQF) Bachelor degree or higher degree*.
In addition to this, applicants must possess at least one year of highly relevant post qualification employment, at an appropriate skill level, in the last five years. If the qualification(s) are not at the required educational level, and/or not in a highly relevant field of study, or if the employment has been completed prior to the qualification, then the overall assessment outcome will be negative.
A positive assessment of both qualifications and employment is required for a positive
Skills Assessment Outcome.
*This includes qualifications assessed at AQF Bachelor, Master and Doctoral level. VETASSESS does not currently accept relevant studies at Graduate Certificate and Graduate Diploma levels on their own.
Qualification
AQF Bachelor degree or higher*
Highly relevant major fields of study include:
- Actuarial Science
- Actuarial Studies
- Actuarial Practice
The courses should cover the key areas of Actuarial Statistics, Risk Modelling and Survival Analysis, Actuarial Mathematics, Financial Engineering and Loss Reserving, Business Finance and Business Economics.
Fellowship or Associateship of a body with which the Actuaries Institute of Australia holds a Mutual Recognition Agreement will be highly regarded.
Qualifications in Mathematics or Statistics will be assessed on a case-by-case basis provided the above-listed key areas are covered.
*This includes qualifications assessed at AQF Bachelor, Master and Doctoral level. VETASSESS does not currently accept relevant studies at Graduate Certificate and Graduate Diploma levels on their own.
Reference: vetassess.com.au
Skill Assessment Assistance