UNIT GROUP 2293 MATHEMATICIANS, STATISTICIANS AND ACTUARIES
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.
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.
- 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
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