For an Actuary Emigrating to Australia

Welcome to our guide on the Australian skills assessment process for an Actuary. Before we examine the skills required to be recognised as an Actuary it may be helpful to explain that the skills assessment is the first step of the emigration process. The skills Assessment of an Actuary determines their eligibility to emigrate and the visa options available. Ultimately, it will affect their employment opportunities once they are in Australia.

While we appreciate that each case is unique, we always strive to secure the best possible outcome from the Skills Assessing Authorities in Australia. Experience has proven that efforts and expertise in this area are often the keys to a successful case.

Ensuring Actuarys Are In High Demand

Every skilled migrant wants to know they will be able to secure a job quickly and easily when they are in Australia. The Australian emigration system ensures that they can.

Each year, State Governments and the two territorial Governments report to the federal government on their local demand for Actuarys and if they need to bring in Actuarys from overseas to fill any potential shortage skills gaps. This report states the number of overseas an Actuarys required in the coming year to fill the skills gap within each region.

The Skills in demand are then broken down into priority lists. These lists range from those skills in high demand across the country to those skills with only limited demand within rural areas.

Curently, Actuarys are on the MLTSSL list. Being on this list means an Actuary may qualify for one of the following visa streams:

• 190, 407, 491 (S/T), TSS (S), 494

To read more about the shortage skills list, you can visit the government website here: MLTSSL

Skills and Experience Required To Be an Actuary

Before a person can be accepted in Australia as Actuary, their qualification, skills and experience must be independently verified via a rigorous accreditation. The process ensures all skilled migrants can do their jobs to the required Australian standards.

1. Defining the job title an Actuary:

The profession “an Actuary” can mean something slightly different in Australia to what is referred to overseas. In “official emigration terms”, this profession is aligned within the occupation category “Actuary” and is uniquely identified by the code 224111. This may seem weird to some people, but it is a registry system that has been in place since 2006.

2. Key Requirements for an Actuary:

For an Actuary to be deemed experienced down under, here are the essential skills, tasks, duties and responsibilities they must be familiar with:

General Duties:

Communication and collaboration
• Customer service
• Data
• analytics
• and databases
• Business operations and financial activities
• Operating procedures and processes
• Science and mathematics

Core Specialist Responsibilities:

Collaborate with stakeholders
• Verify accuracy of data or documents
• Develop procedures for communications and data management
• Provide customer service and communicate information
• Establish organisational policies or programs
• Undertake research and analyse data
• Apply mathematical principles and develop modelling
• Negotiate purchases or contracts
• Manage
• monitor and undertake financial activities

Specific Tasks Associated with the Role:

Apply mathematical principles or statistical approaches to solve problems in scientific or applied fields
• Analyse data to identify trends or relationships among variables
• Apply machine learning techniques to data
• Analyse health-related data
• Develop organisational goals or objectives
• Verify accuracy of data
• Collaborate with others to develop or implement marketing strategies
• Manage financial activities of the organisations
• Provide customer service to clients or users
• Apply mathematical models of financial or business conditions
• Negotiate contracts with clients or service providers
• Develop procedures for data management
• Develop scientific or mathematical models

3. The Australian eligibility criteria for an Actuary:

Currently Actuary’s are listed on the . This reflects the demand for the profession within Australia.

4. Emigration options:

As the profession is currently listed on the , there are places available. However, demand is high, and Australia will stop inviting further applicants to emigrate once all the places are filled.

Navigating the Trades Recognition Australia Skills Assessment Process

For Actuarys, the skills assessing body is “Trades Recognition Australia” they are often referred to as the TRA. To visit their site, follow the link: https://tradesrecognitionaustralia.gov.au

It is important to note that the primary purpose of the Trades Recognition Australia is to make a profit and protect their current members from migrants entering Australia, taking their members’ jobs, and driving down standards or wages.

Therefore, the TRA will often look to delay, frustrate and reject cases, preventing accreditations wherever possible, with those aims in mind.

The result of a candidate’s skills assessment is often a key factor in their success. It is vital that we secure the highest possible skills accreditation.

Find out more

Emigration law is one of the most complex areas of legislation and is continuously being adapted. By definition, emigrating to Australia is a legal process where the individual must prove their case. It is not down to the government to assist in that process. In fact, in legal terms, it is the government against whom we must win our case.

To discover more, complete our assessment form for your complimentary guide and one of our friendly experts will assess your eligibility to live and work in Australia.