Average Actuary Salary in South Africa

R722,671
Avg. SalaryShow Hourly Rate
R69,496
Bonus
R15,260
Profit Sharing
What am I worth?
Get pay report
How should I pay?
Price a job
The average salary for an Actuary in South Africa is R722,671.
10%
R254k
MEDIAN
R723k
90%
R1m
Is Actuary your job title? Find out what you should be paid

Use our tool to get a personalized report on your market worth.

How it works:
1
Enter city & years of experience
2
Add pay factors like skills & education
3
Find your market worth with a report tailored to you
United States (change)
Salary
R254k - R1m
Bonus
R10k - R281k
Profit Sharing
R986 - R335k
Total Pay
R267k - R2m

Your Market Worth Over Time

How has your pay changed over time for your market? Find out by taking our salary quiz.

Job Description for Actuary

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.

Job Satisfaction for Actuary

Not enough data
(1)
14Reviews
We need at least 5 ratings before we can calculate a satisfaction score. Are you an Actuary? Take our survey to help us meet this goal.
The top respondents for the job title Actuary are from the companies Liberty Group LLC, Liberty Life Group and Old Mutual South Africa. Reported salaries are highest at Liberty Group LLC where the average pay is R1,200,000. Other companies that offer high salaries for this role include Liberty Life Group and Alexander Forbes, earning around R1,140,000 and R843,293, respectively. Old Mutual South Africa pays the lowest at around R252,277. Discovery Holdings and Sanlam also pay on the lower end of the scale, paying R650,000 and R800,000, respectively.

Actuary Job Listings

Search for more jobs
Search

Popular Skills for Actuary

Skills in Financial Modeling, Product Development and Pricing are correlated to pay that is above average. Skills that pay less than market rate include Statistical Analysis and Data Analysis.

Pay by Experience Level for Actuary

An entry-level Actuary with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of R336,246 based on 28 salaries. An early career Actuary with 1-4 years of experience earns an average total compensation of R578,823 based on 125 salaries. A mid-career Actuary with 5-9 years of experience earns an average total compensation of R840,655 based on 114 salaries. An experienced Actuary with 10-19 years of experience earns an average total compensation of R1,160,008 based on 64 salaries. In their late career (20 years and higher), employees earn an average total compensation of R1,100,000.

Years of Experience

This data is based on 345 survey responses.
Entry Level
8.1%
Early Career
36.2%
Mid Career
33.0%
Experienced
18.6%
Late Career
4.1%

Related Job Salaries

R291k - R883k
R119k - R490k
R259k - R874k
R267k - R617k
R138k - R498k
R121k - R791k
R192k - R700k