Avg. Base Salary (ZAR)
The average salary for an Actuarial Manager is R861,878
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 R708,000 based on 10 salaries. A mid-career Actuarial Manager with 5-9 years of experience earns an average total compensation of R1,100,000 based on 12 salaries. An experienced …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.
FAQs About Actuarial Managers
What is the highest pay for Actuarial Managers?
Our data indicates that the highest pay for an Actuarial Manager is ZAR 1m / year
What is the lowest pay for Actuarial Managers?
Our data indicates that the lowest pay for an Actuarial Manager is ZAR 587k / year
How can Actuarial Managers increase their salary?
Increasing your pay as an Actuarial Manager is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are an Actuarial Manager that oversees more junior Actuarial Managers, this experience can increase the likelihood to earn more.