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Senior Actuarial Analyst Salary

An average Senior Actuarial Analyst in the United States can expect to take home roughly $76K annually. Career duration is the biggest factor affecting pay for this group, followed by geography. Male Senior Actuarial Analysts are more prevalent than women among those who took the survey — 67 percent of professionals. Nearly all report receiving medical coverage from their employers and most collect dental insurance. The majority of workers are highly satisfied with their job.

$59,097 - $98,539
(Median)
$59K
$76K
$99K
MEDIAN: $76,269
10%
50%
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
$59,097 - $98,539  
   
Bonus
$1,419 - $10,440  
Profit Sharing
$3,500 - $8,000  
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).
)
$60,203 - $105,088  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 234

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United States (change)


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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


Senior Actuarial Analysts report a focused set of job skills. Most notably, skills in SQL, Data Analysis, SAS, and Microsoft Excel are correlated to pay that is above average, with boosts between 4 percent and 11 percent. Skills that seem to negatively impact pay include Microsoft Access. Those educated in Microsoft Excel tend to be well versed in Microsoft Access.

Pay by Experience Level for Senior Actuarial Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Senior Actuarial Analysts with a lot of experience do not necessarily enjoy more money. Relatively untried employees who have less than five years' experience make $76K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $84K. Senior Actuarial Analysts see a median salary of $91K after reaching one to two decades on the job. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $101K.

Related Job Salaries

United States (change)

Experience Affects Senior Actuarial Analyst Salaries

Late-Career
up arrow 25%

Experienced
up arrow 13%


National Average
$81,000


Skills That Affect Senior Actuarial Analyst Salaries

SQL
up arrow 11%

Data Analysis
up arrow 9%

SAS
up arrow 4%

Microsoft Excel
up arrow 2%

National Average
$81,000

Microsoft Access
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 56 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
2%
1-4 years
50%
5-9 years
31%
10-19 years
14%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 85%
vision benefits Vision: 73% employee benefits None: 5%
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