C$77,244
Avg. Salary

Average additional compensation for this job:

Bonus

C$8,079

Profit Sharing

C$1,973

The average pay for an Actuary is C$66,976 per year. Most people move on to other jobs if they have more than 20 years' experience in this career. Experience has a moderate effect on salary for this job.

C$48,330 - C$123,146
C$48K
C$77K
C$120K
MEDIAN: C$77,244
10%
50%
90%
C$14.00 - C$100
C$14
C$21
C$100
MEDIAN: C$20.56
10%
50%
90%
C$0C$137K
Salary C$48,330 - C$123,146
Bonus C$1,038 - C$21,401
Profit Sharing C$0.00 - C$5,068
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).
)
C$45,454 - C$137,208
  • Country: Canada
  • Currency: CAD
  • Updated: 4 Aug 2018
  • Individuals Reporting: 271
Hourly Data C$0C$100
Hourly Rate C$14.00 - C$100
Overtime C$58.00
Annual Data C$0C$137K
Bonus C$1,038 - C$21,401
Profit Sharing C$0.00 - C$5,068
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).
)
C$45,454 - C$137,208
  • Country: United States
  • Currency: CAD
  • Updated: 4 Aug 2018
  • Individuals Reporting: 19

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 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 C$58,000 based on 99 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 C$96,000 based on 41 salaries. An experienced Actuary which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of C$107,000 based on 22 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 C$136,000 based on 10 salaries.

Pay Difference by Location

National Average: C$76,484

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

Related Job Salaries

Key Stats for Actuary

Gender

Female
22 %
Male
78 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 24 votes.
Less than 1 year
13%
1-4 years
38%
5-9 years
24%
10-19 years
17%
20 years or more
7%

Experience Affects Actuary Salaries

Late-Career
▲78%

▲40%

▲25%

National Average
C$76,000

▼25%

Skills That Affect Actuary Salaries

National Average
C$76,000

SAS
▼7%

Microsoft Excel
▼7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 24 votes.

Gender

Female
22 %
Male
78 %

Years of Experience

Less than 1 year
13%
1-4 years
38%
5-9 years
24%
10-19 years
17%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 78%
vision benefits
Vision: 64%
no benefits
None: 8%