For Senior Actuarial Analysts, yearly average wages total $82K annually. The specific employer is the main element affecting pay for this group — geography and experience level are driving factors as well. The majority of Senior Actuarial Analysts claim high levels of job satisfaction. Nearly all report receiving medical coverage from their employers and most collect dental insurance.

$61,325 - $107,737
(Median)
$61K
$82K
$110K
MEDIAN: $81,700
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
$61,325 - $107,737  
   
Bonus
$2,897 - $14,391  
Profit Sharing
$3,500  
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).
)
$63,098 - $115,521  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 134
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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


Employees at Towers Watson take home the smallest paychecks, and $81K is the median salary. Furthermore, range in pay is narrow, with salaries starting at $67K and quickly nearing the top at only $102K.

Popular Skills for Senior Actuarial Analyst


Senior Actuarial Analysts report using a pretty varied skill set on the job. Most notably, skills in Microsoft Access, SQL, SAS, and Microsoft Excel are correlated to pay that is above average, with boosts between 7 percent and 10 percent. Skills that are correlated to lower pay, on the other hand, include Data Analysis. The majority of those 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.


For Senior Actuarial Analysts, more experience in the field does not usually mean bigger paychecks. Survey participants with less than five years' experience pocket $80K on average, but those with five to 10 years of experience enjoy a much bigger median of $95K. Senior Actuarial Analysts see a median salary of $99K after reaching one to two decades on the job. More than 20 years of experience mean a somewhat bigger median paycheck of $100K, but it's not much more than what less experienced people make.

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Experience Affects Senior Actuarial Analyst Salaries

Late-Career
up arrow 17%



National Average
$86,000


Skills That Affect Senior Actuarial Analyst Salaries


SQL
up arrow 8%

SAS
up arrow 7%

Microsoft Excel
up arrow 1%

National Average
$86,000

Data Analysis
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 13 votes.

Gender

Female
41 %
Male
59 %

Years of Experience

Less than 1 year
1%
1-4 years
58%
5-9 years
25%
10-19 years
11%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 86%
medical benefits
Vision: 81%
dental benefits
None: 2%
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