The average salary for a Junior Actuarial Analyst in South Africa is R308,363.
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R177k - R395k
R5k - R50k
R179k - R411k
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Job Description for Junior Actuarial Analyst
Junior actuarial analysts calculate and measure risk levels and use these calculations to figure out premiums for insurance policies which cover these risks; they do this by calculating the probability of an event, the time-frames involved, and the likely magnitude of losses associated with that event. They also assist with financial statements by calculating the future values of financial assets and liabilities. The work of these analysts is highly technical and usually done with the help of c…Read more
Junior Actuarial Analyst Tasks
- Review accuracy of data and calculations.
- Report and assist in interpreting results of actuarial data analysis.
- Assist in the analysis of risk evaluation data, using appropriate models and statistical methods. Create relevant charts and graphs.
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Popular Skills for Junior Actuarial Analyst
Skills in Technical Analysis are correlated to pay that is above average. Skills that pay less than market rate include SAS (Statistical Analysis System), Financial Analysis, Data Analysis and Microsoft Excel.
Pay by Experience Level for Junior Actuarial Analyst
An entry-level Junior Actuarial Analyst with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of R305,209 based on 34 salaries. An early career Junior Actuarial Analyst with 1-4 years of experience earns an average total compensation of R306,313 based on 32 salaries.
Years of Experience
This data is based on 66 survey responses.