An Actuary in Montréal, Québec earns an average salary of C$59,937 per year.

C$44,983 - C$122,921
C$45K
C$76K
C$120K
MEDIAN: C$75,997
10%
50%
90%
C$0C$132K
Salary C$44,983 - C$122,921
Bonus C$2,027 - C$15,781
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$44,842 - C$132,686
  • Country: Canada
  • Currency: CAD
  • Updated: 6 Dec 2017
  • Individuals Reporting: 59

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

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$55,000 based on 17 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$92,000 based on 27 salaries. An experienced Actuary which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of C$95,000 based on 11 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$147,000 based on 6 salaries.

Key Stats for Actuary

Gender

Female
17 %
Male
83 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 5 votes.
Less than 1 year
18%
1-4 years
33%
5-9 years
27%
10-19 years
10%
20 years or more
12%

Experience Affects Actuary Salaries

Late-Career
▲95%

Experienced
▲25%

Mid-Career
▲22%

National Average
C$76,000

Entry-Level
▼27%

Job Satisfaction

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

Gender

Female
17 %
Male
83 %

Years of Experience

Less than 1 year
18%
1-4 years
33%
5-9 years
27%
10-19 years
10%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 85%
vision benefits
Vision: 67%
no benefits
None: 6%