AU$99,099
Avg. Salary
AU$34.00
Avg. Hourly Rate

Average additional compensation:

AU$10,397

Bonus

AU$5,000

Profit Sharing

What am I worth?
How should I pay?

The average pay for an Actuary is AU$34.00 per hour.

The average pay for an Actuary is AU$99,099 per year.

10%
AU$0.00
10%
AU$34.00
50%
AU$0.00
90%
90%
MEDIAN AU$34.00
10%
AU$58k
10%
AU$99k
50%
AU$163k
90%
90%
MEDIAN AU$99,099
AU$57,978 - AU$162,707
AU$58K
AU$99K
AU$160K
MEDIAN: AU$99,099
10%
50%
90%
AU$0AU$178K
Salary AU$57,978 - AU$162,707
Bonus AU$3,548 - AU$30,419
Profit Sharing AU$979 - AU$20,426
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).
)
AU$59,603 - AU$178,629
  • Country: Australia
  • Currency: AUD
  • Updated: 22 Apr 2019
  • Individuals Reporting: 168

Job Description for Actuary

Actuaries play a key role in insurance companies by serving as analysts who help determine whether the company should issue an insurance policy and what the premium for that policy should be. They use a great deal of statistical analysis in their work, as they examine huge amounts of data related to costing and trends. Insurance companies must always maintain their financial health, and the role of the actuary is to manage risk in the delicate balance between issuing policies (and the costs paid for them) and the exposure to financial risk for the company.

Read More...
Actuary Tasks
  • Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits.
  • May ascertain premium rates required and cash reserves necessary to ensure payment of future benefits.

Actuary Pay By Employer

$0$250K

Humana, Inc.
16 profiles
$110,707

$115,020

Mercer LLC
14 profiles
$100,700

Geico
10 profiles
$75,750

$129,024

Prudential
8 profiles
$116,405

Aetna, Inc.
8 profiles
$95,452

$130,992

Anthem
6 profiles
$101,478

$82,504

Actuary Job Listings

Pay by Experience Level for Actuary

Pay by Experience for an Actuary has a positive trend. An entry-level Actuary with less than 5 years of experience can expect to earn an average total compensation of AU$82,000 based on 103 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Actuary with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of AU$127,000 based on 75 salaries. An experienced Actuary which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of AU$140,000 based on 40 salaries. An Actuary with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of AU$145,000 based on 12 salaries.

Pay Difference by Location

3%

-2%

-3%

National Average: AU$101,285

Larger city markers indicate a job is popular in that location.

Related Job Salaries

Key Stats for Actuary

Gender

Female
31 %
Male
69 %
Less than 1 year
11%
1-4 years
31%
5-9 years
33%
10-19 years
20%
20 years or more
5%

Experience Affects Actuary Salaries

▲43%

▲38%

▲26%

National Average
AU$101,000

▼19%

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
11%
1-4 years
31%
5-9 years
33%
10-19 years
20%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 26%
dental benefits
Dental: 8%
vision benefits
Vision: 5%
no benefits
None: 72%