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Senior Actuarial Analyst Salary (United States)

Senior Actuarial Analysts in the United States can expect wages of $75K per year on average. Including potential bonuses and profit sharing proceeds (more than $12K for each in exceptional cases) overall income bottoms out near $60K and hits $105K on the high end. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Job satisfaction is high and work is enjoyable for most Senior Actuarial Analysts. The majority of Senior Actuarial Analysts (69 percent) who took the survey are men. This snapshot results from replies to PayScale's salary survey.
Senior Actuarial Analyst Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$59,237 - $98,540
(Median)
59K
75K
87K
99K
MEDIAN: $75,343
10%
50%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$59,237 - $98,540  
   
Bonus
$1,500 - $11,679  
Profit Sharing
$1,419 - $11,836  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$60,396 - $105,117  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 262
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Job Description for Senior Actuarial Analyst

Senior actuarial analysts are responsible for high-level actuarial calculations and data analysis. They use standard methodologies to analyze company data, predicting future performance and performing risk analysis. Senior actuarial analysts help develop specific models and tools that allow a company to properly evaluate potential gains and losses of proposed business plans and processes. This includes building theoretical models specific to the company’s circumstances, gathering and analyzing appropriate data, refining the model as needed, and reaching accurate conclusions based on the results of the model. As senior analysts, they provide leadership and training to junior actuaries and provide information to others in their organization in understandable terms, using appropriate charts and presentations.
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Senior Actuarial Analyst Tasks
  • Calculate forecasts, rates, and liabilities and recommend changes.
  • Analyze, model, and communicate findings and recommendations.
  • Write reports, correspondence, and communications for internal and client use.
  • Set project goals, determine appropriate methods, and schedule effort to reach objectives.
  • Prepare rate filings and execute special projects.

Senior Actuarial Analyst Job Listings

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Popular Skills for Senior Actuarial Analyst

Survey results show that Senior Actuarial Analysts typically report just a few professional skills. Most notably, skills in SQL, SAS, Microsoft Excel, and Microsoft Access are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Access. Most people familiar with Microsoft Excel also know Microsoft Access.

Pay by Experience Level for Senior Actuarial Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Senior Actuarial Analysts, more experience in the field does not usually mean bigger paychecks. The average inexperienced worker earns $75K, and someone who has worked for five to 10 years can expect a bigger median salary of $86K. Senior Actuarial Analysts with one to two decades of relevant experience report an average salary of approximately $90K. Veterans who boast more than two decades of experience make around $103K on average — an ample six-figure paycheck.

Pay Difference By Location

Boston
up arrow 15%
National Average
$79,000
Seattle
up arrow 2%
Chicago
up arrow 4%
Louisville
up arrow 10%
Larger circles over a city indicate a job is popular in that location.
Boston offers some of the highest pay in the country for Senior Actuarial Analysts, 15 percent above the national average. Louisville is the lowest-paying area, 10 percent south of the national average. Employers also pay below the national average in Chicago (4 percent lower) and Seattle (2 percent lower).

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Experience Affects Senior Actuarial Analyst Salaries

Late-Career
up arrow 29%
Experienced
up arrow 13%
National Average
$79,000

Skills That Affect Senior Actuarial Analyst Salaries

SQL
up arrow 13%
SAS
up arrow 3%
Microsoft Excel
up arrow 2%
National Average
$79,000
Microsoft Access
up arrow 4%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 69 votes.

Gender

Female
31%
female alumni
 
Male
69%
male alumni

Years of Experience

Less than 1 year
2%
1-4 years
48%
5-9 years
33%
10-19 years
14%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 87%
vision benefits Vision: 74% employee benefits None: 4%