Actuary
An Actuary analyses statistical data to assess financial risk and uncertainty for insurance companies, superannuation funds, and financial institutions. Australia's insurance and superannuation sectors employ a significant actuary cohort.
Full-time AUD, 2025 indicative. Wide bands reflect variation by employer, experience, and location.
Strong demand; Australia's large insurance and superannuation sectors ensure sustained actuarial employment.
Occupation list membership
Which Department of Home Affairs skilled lists this occupation currently appears on.
- MLTSSLMedium and Long-Term Strategic Skills List
Occupations eligible for permanent visas including Subclass 189 and 190.
- CSOLCombined Skilled Occupation List
The merged skilled list that consolidates previous MLTSSL and STSOL eligibility under the Skills in Demand program.
Assessing authority
The body that assesses skills for migration purposes for this occupation.
- VETVETASSESSVisit official site →
Visa pathways
Australian visa subclasses for which this occupation is currently eligible.
- 186Learn more →Employer Nomination Scheme visa
Permanent employer-sponsored visa for workers nominated by an approved sponsor.
- 189Learn more →Skilled Independent visa
Permanent points-tested visa for workers not sponsored by an employer, family member, or state.
- 190Learn more →Skilled Nominated visa
Permanent visa for workers nominated by a state or territory government.
- 482Learn more →Skills in Demand visa
Employer-sponsored temporary visa (formerly TSS) for occupations on the relevant list.
- 485Learn more →Temporary Graduate visa
Post-study work visa for recent graduates of Australian qualifications.
- 491Learn more →Skilled Work Regional (Provisional) visa
Five-year provisional visa for workers willing to live and work in regional Australia.
- 494Learn more →Skilled Employer Sponsored Regional visa
Five-year employer-sponsored provisional visa in regional Australia, with a path to PR.
State nominations
States and territories that currently nominate this occupation for skilled migration.
| Code | State / Territory | Details |
|---|---|---|
| VIC | Victoria | View nomination → |
| SA | South Australia | View nomination → |
Key duties
- Model and analyse insurance, superannuation, and investment risks
- Prepare actuarial valuations and regulatory reports (APRA returns)
- Advise on premium pricing, capital adequacy, and product design
- Develop and validate actuarial models and assumptions
Skills required
- Actuarial modelling and statistical analysis
- Insurance and superannuation regulatory frameworks (APRA)
- Actuarial software (R, Python, Prophet)
- Risk quantification and pricing methodology
Typical qualifications pathway
Bachelor's degree in actuarial studies; Fellowship of the Actuaries Institute of Australia (FIAA) is the professional designation. VETASSESS assesses qualifications.
Visa & occupation list information
Listed on MLTSSL and CSOL, enabling subclasses 186, 189, 190, 482, 485, 491, and 494 For advice on which pathway suits your circumstances, consult a registered MARA migration agent.
anzsco.com.au is information-only. For personalised advice on your situation, always consult a registered MARA migration agent.
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