Senior Actuarial Analyst Salary

The average Senior Actuarial Analyst in the United States earns approximately $76K per year. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. The majority of Senior Actuarial Analysts claim high levels of job satisfaction. Senior Actuarial Analysts who participated in the survey are largely men, dominating at 67 percent.

$59,081 - $98,688
(Median)
$59K
$76K
$99K
MEDIAN: $76,281
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
$59,081 - $98,688  
   
Bonus
$1,370 - $11,712  
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).
)
$60,227 - $105,355  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 239

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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


Typical Senior Actuarial Analysts report a focused set of job skills. Most notably, skills in SQL, SAS, Microsoft Excel, and Microsoft Access are correlated to pay that is above average. Skills that seem to negatively impact pay include Microsoft Access. Most people who know 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.


Experience and pay tend to be weakly linked for Senior Actuarial Analysts — those with more experience do not necessarily bring in higher earnings. Salaries for inexperienced workers average out to $85K, and those with five to 10 years' experience earn a higher median of $76K. For Senior Actuarial Analysts, 10 to 20 years of experience on the job amounts to an average salary of $91K. Professionals who have racked up more than two decades of experience enjoy comfortable salaries; at this stage, median wages are a cushy $103K.

Related Job Salaries

United States (change)

Experience Affects Senior Actuarial Analyst Salaries

Late-Career
up arrow 27%

Experienced
up arrow 12%


National Average
$81,000


Skills That Affect Senior Actuarial Analyst Salaries

SQL
up arrow 11%

SAS
up arrow 3%

Microsoft Excel
up arrow 1%

National Average
$81,000

Microsoft Access
up arrow 5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 59 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
2%
1-4 years
49%
5-9 years
32%
10-19 years
15%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 86%
vision benefits Vision: 73% employee benefits None: 4%