Senior Actuarial Analyst Salary

Senior Actuarial Analysts in the United States can expect to earn an average of $76K per year. Career length and the particular city each impact pay for this group, with the former having the largest influence. Work is enjoyable for Senior Actuarial Analysts, who typically claim high levels of job satisfaction. Men make up the majority of Senior Actuarial Analysts (67 percent) survey respondents. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number.

$59,171 - $99,037
(Median)
$59K
$76K
$99K
MEDIAN: $76,252
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 - $99,037  
   
Bonus
$1,247 - $11,184  
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 - $105,805  
Country: United States | Currency: USD | Updated: 20 Jun 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 report a focused set of job skills. Most notably, skills in SQL, Data Analysis, SAS, and Microsoft Excel are correlated to pay that is above average, with boosts between 3 percent and 10 percent. Skills that are correlated to lower pay, on the other hand, include Microsoft Access. 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.


For many Senior Actuarial Analysts, extensive experience does not lead to significantly more money. Those in the early stages of their career can expect to make around $76K; however, individuals with five to 10 years of experience bring in $85K on average — a distinctly larger sum. Senior Actuarial Analysts who work for 10 to 20 years in their occupation tend to earn about $92K. After two decades in the workforce, the average Senior Actuarial Analyst generally earns more than ever; median pay for this group is estimated at $101K.

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Experience Affects Senior Actuarial Analyst Salaries

Late-Career
up arrow 24%

Experienced
up arrow 13%


National Average
$81,000


Skills That Affect Senior Actuarial Analyst Salaries

SQL
up arrow 10%

Data Analysis
up arrow 9%

SAS
up arrow 3%

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 48 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
2%
1-4 years
50%
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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