Actuary - ANZSCO 224111
Skilled occupation profile
Actuary
ANZSCO 224111Actuary analyses mathematical, statistical, demographic, financial or economic data to predict and assess the long-term risk involved in financial decisions and planning. Registration or licensing is required.
Recent SkillSelect information
Recent SkillSelect information for Actuary
SkillSelect information published for May 2026 provides a historical snapshot of available EOI activity for Actuary, ANZSCO 224111. Selected published indicators relevant to this occupation are shown below.
Subclass 190 – Skilled Nominated visa
Subclass 491 – Skilled Work Regional (Provisional) visa – State or Territory nominated
Subclass 491 – Skilled Work Regional (Provisional) visa – Family Sponsored
* <20: the official source published a small-number value below 20. The exact number is not shown by the official source.
† PointsView-calculated indicator: calculated from the published SkillSelect points distribution where sufficient data is available.
This information gives historical SkillSelect EOI information. It does not predict invitation chances, guarantee visa outcomes, or state a minimum invitation score.
Occupation guide
Occupation details and migration pathways
This guide brings together the key occupation tasks, possible visa pathways and skills assessment information for Actuary ANZSCO 224111.
Typical tasks and duties
Actuaries may perform the following tasks:
- analyse statistics relating to factors such as death, illness and accident, as well as current trends in the economy, to design new types of life insurance and superannuation policies
- determine appropriate premiums or contributions and rates of return by calculating the future probabilities of events such as unemployment, illness or changes in interest rates
- ensure insurance companies have sufficient financial reserves to meet claims
- advise companies on investment policy and the distribution of profits to policyholders
- undertake financial projections for, and measure and analyse the investment performance of, life insurance companies, financial institutions and government organisations
- provide advice to potential buyers or sellers of companies.
Possible visa pathways
This occupation appears on MLTSSL and CSOL and Skilled Employer Sponsored Regional Occupations. The right visa pathway depends on factors such as your age, English level, qualifications, work experience, skills assessment, points score, nomination options and employer sponsorship.
Skills assessment
For skilled migration purposes, Actuary usually requires a suitable skills assessment. Relevant assessing authorities may include:
Additional occupation-specific assessment information
Actuary is classified as Group A occupations by Vetassess. The criteria for skills assessment of Group A occupations is to hold 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 in the last five years.
According to Vetassess, to receive a positive assessment for this occupation requires a major in Actuarial Studies or Actuarial Science. Actuarial Studies is the application of mathematical and statistical analysis in order to solve financial planning problems in areas such as insurance, superannuation and investment (ASCED). Qualifications in Mathematics or Statistics with supporting highly relevant employment will be assessed on a case-by-case basis by Vetassess.
Legacy subclass 187 pathway
Do you currently hold, or have you previously held, a subclass 457 or 482 visa?
If you have worked for a sponsoring employer in regional Australia, please note that Actuary — ANZSCO 224111 was included in the legacy Regional Sponsored Migration Scheme (subclass 187) occupation list. The subclass 187 Direct Entry stream is closed to new applications, but the Temporary Residence Transition stream may remain available to certain transitional subclass 457 and subclass 482 workers. Eligibility is limited and depends on your visa history, relevant dates, sponsored regional employment, employer nomination, age, English and other requirements. Being included on this occupation list does not establish eligibility.
If this may describe your circumstances, we can assess whether the subclass 187 transitional arrangements may still apply to you.
Check your options
Check your skilled migration options
If Actuary is your nominated occupation, complete our skilled visa assessment form so we can review your possible migration pathways.
Actuary historical SkillSelect report
The current PointsView report includes historical SkillSelect data through June 2026 for ANZSCO 224111.
Historical information does not predict invitations, visa outcomes or migration eligibility.

Reviewed by Principal Migration Consultant
Reviewed by Mohammad Reza Azimi
This occupation page has been reviewed for migration context by Shada Migration Services. Mohammad has assisted clients with Australian migration matters since 2009 and holds a Graduate Certificate in Migration Law from the Australian National University.
Last reviewed: July 2026