R690,347
Avg. Salary
R200
Avg. Hourly Rate

Average additional compensation for this job:

Bonus

R71,216

Profit Sharing

R11,000

The average pay for an Actuary is HK$610 per hour.

The average pay for an Actuary is HK$1,000,000 per year.

$100
10%
$200
50%
$10k
90%
MEDIAN $200
$238k
10%
$690k
50%
$1m
90%
MEDIAN $690,347
R237,708 - R1,285,889
R240K
R690K
R1M
MEDIAN: R690,347
10%
50%
90%
R100.00 - R10,000
R200
MEDIAN: R200
50%
R0R1M
Salary R237,708 - R1,285,889
Bonus R5,011 - R292,481
Profit Sharing R27.50 - R365,000
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).
)
R242,365 - R1,596,376
  • Country: South Africa
  • Currency: ZAR
  • Updated: 13 Oct 2018
  • Individuals Reporting: 361
Hourly Data R0R10K
Hourly Rate R200
Hourly Tips R33.33
Overtime R290
Annual Data R0R1M
Bonus R5,011 - R292,481
Profit Sharing R27.50 - R365,000
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).
)
R242,365 - R1,596,376
  • Country: United States
  • Currency: ZAR
  • Updated: 13 Oct 2018
  • Individuals Reporting: 7

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.

Read More...

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.

Popular Employer Salaries for Actuary

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 R540,000 based on 229 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 R904,000 based on 166 salaries. An experienced Actuary which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of R1,249,000 based on 67 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 R1,210,000 based on 12 salaries.

Pay Difference by Location

National Average: R732,612

Larger city markers indicate a job is popular in that location.

Actuary Advice

Q: What is it like working as an Actuary?

Actuary in Cape Town:
"Hard work."
Do not underestimate the commitment required to qualify.

Actuary in Cape Town:
"Great."
Pros: Intellectual stimulation. Salary.
Cons: None.

Related Job Salaries

Key Stats for Actuary

Gender

Female
20 %
Male
80 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 4 votes.
Less than 1 year
10%
1-4 years
37%
5-9 years
33%
10-19 years
17%
20 years or more
4%

Experience Affects Actuary Salaries

▲70%

▲65%

▲23%

National Average
R733,000

▼26%

Skills That Affect Actuary Salaries


▲28%



National Average
R733,000



Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 4 votes.

Gender

Female
20 %
Male
80 %

Years of Experience

Less than 1 year
10%
1-4 years
37%
5-9 years
33%
10-19 years
17%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 71%
dental benefits
Dental: 12%
vision benefits
Vision: 11%
no benefits
None: 29%