Senior Actuarial Analyst Salary

Senior Actuarial Analysts in the United States pull down an average of $77K per year. The company is the main element affecting pay for this group — career duration and location are driving factors as well. The majority of Senior Actuarial Analysts (68 percent) who took the survey are men. Medical benefits are awarded to almost all, and a large number earn dental coverage. Most workers in this position report high levels of job satisfaction. The information for this snapshot was generated by responses to the PayScale salary survey.

$59,224 - $101,090
(Median)
$59K
$77K
$100K
MEDIAN: $77,087
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
$59,224 - $101,090  
   
Bonus
$1,797 - $10,259  
Profit Sharing
$4,598  
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).
)
$60,626 - $109,525  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 227
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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 Employer Salaries for Senior Actuarial Analyst


Towers Watson offers the least pay with a median salary of $85K; furthermore, salaries there max out at only $97K.

Popular Skills for Senior Actuarial Analyst


Survey results suggest that Senior Actuarial Analysts put a wide range of professional skills to use. Most notably, skills in SQL, SAS, Microsoft Access, and Microsoft Excel are correlated to pay that is above average, with boosts between 5 percent and 9 percent. For most people, competency in Microsoft Excel indicates knowledge of Microsoft Access.

Pay by Experience Level for Senior Actuarial Analyst

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


More years of relevant experience do not necessarily translate to higher paychecks. 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. As Senior Actuarial Analysts reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $100K.

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Experience Affects Senior Actuarial Analyst Salaries

Late-Career
up arrow 22%

Experienced
up arrow 12%


National Average
$82,000


Skills That Affect Senior Actuarial Analyst Salaries

SQL
up arrow 9%

SAS
up arrow 8%


Microsoft Excel
up arrow 4%

National Average
$82,000

Data Analysis
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 37 votes.

Gender

Female
32 %
Male
68 %

Years of Experience

Less than 1 year
1%
1-4 years
52%
5-9 years
28%
10-19 years
15%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 86%
medical benefits
Vision: 76%
dental benefits
None: 4%
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