An Actuary in Toronto, Ontario earns an average salary of C$78,555 per year. People in this job generally don't have more than 20 years' experience.

C$48,025 - C$126,775
C$48K
C$84K
C$130K
MEDIAN: C$83,593
10%
50%
90%
C$0C$144K
Salary C$48,025 - C$126,775
Bonus C$2,000 - C$20,488
Profit Sharing C$250
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$44,660 - C$144,239
  • Country: Canada
  • Currency: CAD
  • Updated: 20 Jan 2018
  • Individuals Reporting: 76

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 Job Listings

Key Stats for Actuary

Gender

Female
36 %
Male
64 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 5 votes.
Less than 1 year
13%
1-4 years
37%
5-9 years
24%
10-19 years
19%
20 years or more
8%

Experience Affects Actuary Salaries

Experienced
▲37%

Mid-Career
▲25%

National Average
C$84,000

Entry-Level
▼22%

Job Satisfaction

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

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
13%
1-4 years
37%
5-9 years
24%
10-19 years
19%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 69%
vision benefits
Vision: 62%
no benefits
None: 11%