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$48,334 - C$118,465
C$48K
C$74K
C$120K
MEDIAN: C$74,232
10%
50%
90%
C$13.91 - C$101
C$14
C$20
C$100
MEDIAN: C$20.35
10%
50%
90%
C$0C$132K
Salary C$48,334 - C$118,465
Bonus C$1,479 - C$20,222
Profit Sharing C$0.00 - C$5,093
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$46,178 - C$132,938
  • Country: Canada
  • Currency: CAD
  • Updated: 20 Jan 2018
  • Individuals Reporting: 278
Hourly Data C$0C$100
Hourly Rate C$13.91 - C$101
Overtime C$58.00
Annual Data C$0C$132K
Bonus C$1,479 - C$20,222
Profit Sharing C$0.00 - C$5,093
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$46,178 - C$132,938
  • Country: United States
  • Currency: CAD
  • Updated: 20 Jan 2018
  • Individuals Reporting: 18

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.

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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$230K

Humana, Inc.
17 profiles
$99,973

Mercer LLC
16 profiles
$99,530

$115,020

Towers Watson
14 profiles
$130,725

$80,000

Anthem
8 profiles
$101,478

$122,500

$130,401

Prudential
7 profiles
$114,594

Geico
7 profiles
$65,000

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$74,331

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

Related Job Salaries

Key Stats for Actuary

Gender

Female
23 %
Male
77 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 21 votes.
Less than 1 year
13%
1-4 years
38%
5-9 years
25%
10-19 years
17%
20 years or more
7%

Experience Affects Actuary Salaries

Late-Career
▲83%

▲44%

▲29%

National Average
C$74,000

▼23%

Skills That Affect Actuary Salaries

National Average
C$74,000

SAS
▼4%

Microsoft Excel
▼4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 21 votes.

Gender

Female
23 %
Male
77 %

Years of Experience

Less than 1 year
13%
1-4 years
38%
5-9 years
25%
10-19 years
17%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 78%
vision benefits
Vision: 65%
no benefits
None: 9%