1220.0 - Australian Standard Classification of Occupations (ASCO) Second Edition, 1997  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 31/07/1997   
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MATHEMATICIANS, STATISTICIANS AND ACTUARIES apply mathematical, statistical and actuarial principles and techniques to a range of tasks including scientific research; designing statistical collections; studying financial policy, analysing financial risk and investment issues; and solving engineering, management and other problems.

Skill Level:
The entry requirement for this unit group is a bachelor degree or higher qualification. In some instances relevant experience is required in addition to the formal qualification.

Tasks Include:

  • developing mathematical theory underlying processes in the physical, biological and social sciences
  • applying mathematical principles and techniques to the solution of problems in research, development, production, distribution and other functional areas
  • liaising with management and clients to determine the area to be surveyed or examined
  • specifying the data to be collected and the methodology to be used in collection and analysis
  • evaluating and describing the reliability and utility of source information
  • defining, analysing and solving complex financial and business problems relating to areas such as insurance premiums, annuities, pensions and dividends
  • examining financial projections for general insurance companies, finance companies and other institutions
  • advising governments on the design and implementation of financial policies in such areas as superannuation funds and pensions, sickness, retirement and unemployment schemes


This section contains the following subsection :
              2293-11 Mathematician
              2293-13 Statistician
              2293-15 Actuary

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