Senior Actuarial Analyst Salary

The average Senior Actuarial Analyst in the United States earns approximately $82K annually. Earnings for this group are mostly affected by residence, followed by the specific employer and years of experience. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Male Senior Actuarial Analysts who responded to the survey are more common than women; more than half (62 percent) are men. For the most part, Senior Actuarial Analysts enjoy their work and report high levels of job satisfaction.

$60,873 - $109,414
$61K
$82K
$110K
MEDIAN: $81,638
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$60,873 - $109,414  
   
Bonus
$2,517 - $13,809  
Profit Sharing
$3,500  
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).
)
$62,838 - $116,270  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 129

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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

  • Set project goals, determine appropriate methods, and schedule effort to reach objectives.
  • Prepare rate filings and execute special projects.
  • Write reports, correspondence, and communications for internal and client use.
  • Calculate forecasts, rates, and liabilities and recommend changes.
  • Analyze, model, and communicate findings and recommendations.

Senior Actuarial Analyst Job Listings

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Popular Employer Salaries for Senior Actuarial Analyst


Towers Watson doles out the lowest salaries in town — median pay is $79K — not to mention workers can only make as much as $101K and scope of pay is rather limited.

Popular Skills for Senior Actuarial Analyst


Survey results suggest that Senior Actuarial Analysts use a fairly large toolkit of professional skills. Most notably, skills in Microsoft Access, SQL, SAS, and Microsoft Excel are correlated to pay that is above average, with boosts between 6 percent and 13 percent. Skills that are correlated to lower pay, on the other hand, include Microsoft SQL Server and Data Analysis. It is often found that people who know Microsoft Excel are also skilled in Microsoft Access.

Pay by Experience Level for Senior Actuarial Analyst

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


The average worker who claims fewer than five years of experience earns around $79K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $99K. After 10 to 20 years, professionals can make it pretty big; the median salary sits in the six-figure neighborhood of $102K. Senior Actuarial Analysts who have racked up more than two decades of experience report lower incomes overall; the average sum for this crowd comes out to only $100K.

Related Job Salaries

Key Stats for Senior Actuarial Analyst

Gender

Female
38 %
Male
62 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 14 votes.
Less than 1 year
2%
1-4 years
60%
5-9 years
24%
10-19 years
10%
20 years or more
4%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Senior Actuarial Analyst Salaries

▲20%

Late-Career
▲17%

▲16%

National Average
$86,000

▼8%

Skills That Affect Senior Actuarial Analyst Salaries


SQL
▲8%

SAS
▲6%


National Average
$86,000

Data Analysis
▼4%

Microsoft SQL Server
▼14%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 14 votes.

Gender

Female
38 %
Male
62 %

Years of Experience

Less than 1 year
2%
1-4 years
60%
5-9 years
24%
10-19 years
10%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 86%
vision benefits
Vision: 81%
dental benefits
None: 3%
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