2161 – Mathematicians, statisticians and actuaries | Canada NOC

2161 – Mathematicians, statisticians and actuaries

Mathematicians and statisticians research mathematical or statistical theories, and develop and apply mathematical or statistical techniques for solving problems in such fields as science, engineering, business and social science. Actuaries apply mathematics, statistics, probability and risk theory to assess potential financial impacts of future events. Mathematicians, statisticians and actuaries are employed by universities, governments, bank and trust companies, insurance companies, pension benefit consulting firms, professional associations, and science and engineering consulting firms.

Profile

Index of titles

Example titles

Actuarial analyst
Actuarial assistant
Actuary
Analysis supervisor – statistics
Applied mathematician
Applied statistician
Associate actuary
Biological and agricultural science statistician
Biometrician
Biostatistician
Business and economics statistician
Casualty actuary
Chemistry statistician
Cipher expert
Consulting actuary
Consulting pension actuary
Cryptanalyst
Cryptoanalyst
Cryptographer
Demographer
Education statistician
Environmental epidemiologist
Epidemiologist (except physician and veterinarian)
Financial statistician
Industrial statistician
Insurance actuary
Life actuary
Mathematical statistician
Mathematician
Medical statistician
Operations research analyst
Operations researcher
Opinion polling statistician
Physical science and engineering statistician
Public health statistician
Research mathematician
Sales statistician
Senior actuarial analyst
Social science statistician
Statistical analysis supervisor
Statistical analyst
Statistical consultant
Statistical methodologist
Statistician
Survey statistician
Vital statistician

Main duties

This group performs some or all of the following duties:

Mathematicians

Conduct research to extend mathematical knowledge in traditional areas of mathematics such as algebra, geometry, probability and logic
Apply mathematical techniques to the solution of problems in scientific fields such as physical science, engineering, computer science or other fields such as operations research, business or management.

Statisticians

Conduct research into the mathematical basis of the science of statistics
Develop statistical methodology and advise on the practical application of statistical methodology
Apply statistical theory and methods to provide information in scientific and other fields such as biological and agricultural science, business and economics, physical sciences and engineering, and the social sciences.

Actuaries

Apply mathematical models to forecast and calculate the probable future costs of insurance and pension benefits
Design life, health, and property insurance policies, and calculate premiums, contributions and benefits for insurance policies, and pension and superannuation plans
May assist investment fund managers in portfolio asset allocation decisions and risk management. They also use these techniques to provide legal evidence on the value of future earnings.

Employment requirements

Mathematicians and statisticians usually require a graduate degree in mathematics or statistics.
Actuaries usually require post-secondary education in actuarial science, mathematics, statistics, economics, commerce or business administration.
Actuaries are conferred fellowships through the Canadian Institute of Actuaries upon successful completion of professional examinations and three years of work experience in the actuarial field as an actuarial assistant or in a related position.

Additional information

With experience, actuaries may progress to managerial positions in consulting, insurance and finance. They may also be self-employed.

Exclusions