Senior Actuarial Analyst Salary

Median pay for Senior Actuarial Analysts in the United States is around $76K per year. Experience level 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. Most Senior Actuarial Analysts survey respondents are men (70 percent). Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. Respondents to the PayScale salary survey provided the data for this report.

$59,139 - $99,884

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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
$59,139 - $99,884  
   
Bonus
$1,429 - $10,837  
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).
)
$60,034 - $106,752  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 220
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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


Survey results imply that Senior Actuarial Analysts put a diverse skill set to use. 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 9 percent. Most people experienced in 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.


Senior Actuarial Analysts with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Workers in their first five years can expect to earn $76K, but people who have been around for five to 10 years earn a noticeably bigger sum of $86K. Senior Actuarial Analysts see a median salary of $92K after reaching one to two decades on the job. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $101K.

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Experience Affects Senior Actuarial Analyst Salaries

Late-Career
up arrow 23%

Experienced
up arrow 13%


National Average
$82,000


Skills That Affect Senior Actuarial Analyst Salaries

SQL
up arrow 9%

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 43 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

Less than 1 year
2%
1-4 years
50%
5-9 years
30%
10-19 years
15%
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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