Avg. Base Salary (ZAR)
The average salary for an Actuarial Manager is R969,307
What is the Pay by Experience Level for Actuarial Managers?
An early career Actuarial Manager with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of R725,000 based on 6 salaries. A mid-career Actuarial Manager with 5-9 years of experience earns an average total compensation of R1,005,526 based on 13 salaries. An experienced Actuarial …Read more
What Do Actuarial Managers Do?
Actuarial managers work primarily for banking, finance, securities, and insurance services to analyze a variety of risks and their consequences for the business.
Actuarial managers must be able to perform financial projections to implement plans, prepare budgets, and report risk base capital and actuarial reports for support, and they also help prepare facilities for product implementation. Strong mathematical skills and knowledge of statistics and financial theory are necessary in this …Read more
- Manage budgets, prioritize projects, and report on progress.
- Make recommendations and provide guidance to organizational leadership.
- Oversee actuarial staff and provide training and guidance.