Senior Actuarial Analyst Salary

Senior Actuarial Analysts in the United States can expect to earn an average of $76K annually. Career length is the biggest factor affecting pay for this group, followed by geography. Medical benefits are awarded to nearly all, and most earn dental coverage. The majority of workers are highly satisfied with their job.

$59,171 - $99,496
(Median)
$59K
$76K
$99K
MEDIAN: $76,481
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
$59,171 - $99,496  
   
Bonus
$1,300 - $10,744  
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).
)
$60,068 - $106,158  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 221
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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.

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Popular Skills for Senior Actuarial Analyst


Senior Actuarial Analysts who responded to the survey indicated only a few skills that they use on the job. 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 10 percent. Those proficient in Microsoft Excel are, more often than not, 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.


For Senior Actuarial Analysts, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. 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 $86K. Senior Actuarial Analysts bring in $92K after working for 10 to 20 years. In the end, the overall pattern seems to be that more experience generally corresponds to higher pay; a Senior Actuarial Analyst with more than 20 years of experience can earn $101K on average.

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Experience Affects Senior Actuarial Analyst Salaries

Late-Career
up arrow 24%

Experienced
up arrow 13%


National Average
$82,000


Skills That Affect Senior Actuarial Analyst Salaries

SQL
up arrow 10%

Data Analysis
up arrow 8%

SAS
up arrow 4%

Microsoft Excel
up arrow 2%

National Average
$82,000

Microsoft Access
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 47 votes.

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
2%
1-4 years
49%
5-9 years
30%
10-19 years
14%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 85%
vision benefits Vision: 73% employee benefits None: 4%
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