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Senior Actuarial Analyst Salary

Earnings for Senior Actuarial Analysts in the United States come in at around $76K annually on average. Career duration is the biggest factor affecting pay for this group, followed by geography. Job satisfaction for Senior Actuarial Analysts is high. Male Senior Actuarial Analysts who responded to the survey are more common than women; more than half (66 percent) are men. Medical benefits are awarded to nearly all, and most earn dental coverage. This snapshot results from replies to PayScale's salary survey.

$58,948 - $98,688
(Median)
$59K
$76K
$99K
MEDIAN: $76,163
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
$58,948 - $98,688  
   
Bonus
$1,381 - $10,644  
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).
)
$60,048 - $105,355  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 229
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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, Data Analysis, SAS, and Microsoft Excel are correlated to pay that is above average, with boosts between 4 percent and 11 percent. Skills that pay less than market rate include Microsoft Access. Those familiar with Microsoft Excel also tend to know 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 more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Survey participants with less than five years' experience pocket $76K on average, but those with five to 10 years of experience enjoy a much bigger median of $85K. Senior Actuarial Analysts see a median salary of $91K after reaching one to two decades on the job. Professionals who have racked up more than two decades of experience enjoy comfortable salaries; at this stage, median wages are a cushy $101K.

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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 10%

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 54 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

Less than 1 year
2%
1-4 years
50%
5-9 years
31%
10-19 years
13%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 86%
vision benefits Vision: 73% employee benefits None: 5%
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