Senior Actuarial Analyst Salary

An average Senior Actuarial Analyst in the United States can expect to take home roughly $81K per year. The most important factor affecting compensation for this group is geography, followed by the company and tenure. 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. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$58,902 - $109,054
$59K
$81K
$110K
MEDIAN: $81,400
10%
50%
90%

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$0$116K
Salary $58,902 - $109,054
Bonus $2,030 - $14,967
Profit Sharing $3,460
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).
)
$60,982 - $116,896
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 121

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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

Popular Employer Salaries for Senior Actuarial Analyst


Pay for Senior Actuarial Analysts is the lowest at Towers Watson, which has a median salary of $79K. In addition, there's little room to grow there, with salaries maxing out at $101K.

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 5 percent and 12 percent. Skills that seem to negatively impact pay include Microsoft SQL Server and Data Analysis. Most people familiar with Microsoft Excel also know Microsoft Access.

Pay by Experience Level for Senior Actuarial Analyst

Pay by Experience for a Senior Actuarial Analyst has a positive trend. An entry-level Senior Actuarial Analyst with less than 5 years of experience can expect to earn an average total compensation of $78,000 based on 85 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Actuarial Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $103,000 based on 31 salaries. An experienced Senior Actuarial Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $102,000 based on 14 salaries. A Senior Actuarial Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $100,000 based on 9 salaries.

Related Job Salaries

Key Stats for Senior Actuarial Analyst

Gender

Female
40 %
Male
60 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 14 votes.
Less than 1 year
2%
1-4 years
63%
5-9 years
24%
10-19 years
7%
20 years or more
4%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Senior Actuarial Analyst Salaries

▲21%

▲20%

Late-Career
▲18%

National Average
$85,000

▼8%

Skills That Affect Senior Actuarial Analyst Salaries


SQL
▲9%

SAS
▲5%


National Average
$85,000

Data Analysis
▼8%

Microsoft SQL Server
▼14%

Job Satisfaction

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

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
2%
1-4 years
63%
5-9 years
24%
10-19 years
7%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 84%
vision benefits
Vision: 80%
no benefits
None: 4%
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