A person working as a Senior Actuary in South Africa will on average earn $16557 per year (pre-tax value). Salary is provided in USD ($/dollar) value.
Below is a break-down of yearly, monthly, weekly and hourly rate.
| Rate Type | Amount (USD) |
|---|---|
| Yearly salary | $16,557.00 |
| Weekly salary | $318.40 |
| Daily salary | $45.36 |
| Hourly salary | $5.67 |
This means senior actuary salary is above average!
Job Industry: insurance
Description: A senior actuary is a highly skilled professional who specializes in assessing and managing financial risks for insurance companies, consulting firms, or government agencies. They use mathematical and statistical models to analyze data and make predictions about future events, such as mortality rates, accident frequencies, or investment returns. Senior actuaries play a crucial role in determining insurance premiums, designing pension plans, and evaluating the financial stability of insurance companies. Their responsibilities include conducting complex risk assessments, developing pricing models, and providing guidance on strategic planning and decision-making. They also collaborate with other professionals, such as underwriters, investment managers, and executives, to ensure the financial health and profitability of their organizations. Strong analytical skills, attention to detail, and the ability to communicate complex concepts in a clear manner are essential for success in this occupation.
Tagged with: Senior Actuary, Risk Assessment, Financial Modeling, Insurance Pricing, Pension Planning, Data Analysis