Mathematical Science Professionals

Mathematical Science Professionals 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.

**Indicative skill level:**

#### In Australia and New Zealand:

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

Registration or licensing may be required.

**Tasks include:**

- 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 - data mining and data cleansing to discover trends to extract insight - building and deploying machine learning frameworks