Mathematicians develops and applies mathematical principles and techniques to solve problems in all areas of the sciences, engineering, technology, social sciences, business, industry, and commerce.

Skill Level

1

Specialisations

• Operations Research Analyst

Unless you are exempt in very limited circumstances, you are required to have a positive Skills Assessment to apply for the visas listed above.

Skills Assessment authority for Mathematician is Vocational & Education Training Assessment (VETASSESS). To have a positive skills assessment, you must meet the following criteria:

• Qualification assessed at Australian Bachelor degree or higher in a highly relevant field of study AND at least one year of post-qualification highly relevant employment at an appropriate skill level in the last five years
• Applicants must meet both the qualification and employment requirements to obtain a positive skills assessment
• Highly relevant fields of study include:
  • Mathematics (Pure and/or Applied)
  • Financial Mathematics
  • Operations Research
  • Mathematical Statistics

Develop and apply actuarial, mathematical, statistical and quantitative principles and techniques to solve problems in a range of fields such as business and finance, scientific and social research, and engineering.
Econometricians are excluded from this unit group. Econometricians are included in Unit Group 2243 Economists.

Tasks

• Defining, analysing and solving complex financial and business problems relating to areas such as insurance premiums, annuities, superannuation funds, pensions and dividends
• Examining financial projections for general insurance companies, finance companies, government and other organisations
• Designing new types of policies, assessing risks and analysing investments in life insurance, superannuation funds, health insurance, friendly societies, financial markets and other areas
• Formulating mathematical models to simulate processes
• Applying models to experimental observations, and adjusting and recasting the models
• Using numerical analysis methods to develop algorithms and perform computations
• Liaising with management and clients to determine the subject or 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
• Analysing and interpreting data, and producing relevant statistics to describe and infer particular trends and patterns

Skill Level

In Australia and New Zealand:

Most occupations in this unit group have a level of skill commensurate with a bachelor’s degree or higher qualification (ANZSCO Skill Level 1). In some instances, relevant and/or on-the-job training may be required in addition to the formal qualification. This occupation may require registration or licensing.

Occupations in this Group

• 224111 Actuary
• 224112 Mathematician
• 224113 Statistician