Home > Salary > Australia > Senior Actuarial Analyst
The occupation of a senior actuarial analyst involves analyzing and interpreting complex data to assess and manage risks for insurance companies, financial institutions, or consulting firms. These professionals use mathematical models and statistical techniques to evaluate the probability and potential impact of events such as accidents, natural disasters, or changes in financial markets. They work closely with underwriters, investment managers, and other stakeholders to develop strategies for pricing policies, setting reserves, and managing portfolios.
Senior actuarial analysts are responsible for conducting research, preparing reports, and making recommendations to support strategic decision-making. They also play a crucial role in ensuring compliance with regulatory requirements and industry standards. Strong analytical skills, proficiency in programming languages and statistical software, and excellent communication abilities are essential for success in this occupation.
Estimated Yearly Salary: 207,969 AUD
Estimated Monthly Salary: 17,331 AUD
Estimated Weekly Salary: 3,999 AUD per week
Estimated Hourly Salary: 100 AUD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 16,797 AUD
Estimated Weekly Salary: 3,876 AUD per week
Estimated Hourly Salary: 97 AUD per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 104,563 USD
Estimated Monthly Salary: 8,714 USD
Estimated Weekly Salary: 2,011 USD per week
Estimated Hourly Salary: 50 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 207,969 AUD
Estimated Monthly Salary: 17,331 AUD
Estimated Weekly Salary: 3,999 AUD per week
Estimated Hourly Salary: 100 AUD per hour
By working as Senior Actuarial Analyst a person can save up to 6,296 USD per month or 75,557 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Australia, see costs of living in Australia.
Estimated Yearly Salary for Senior Actuarial Analyst
Last revision of data: 2025-01-04
Data as of 2025
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Senior Actuarial Analyst salary in Australia
Average Yearly Salary of Senior Actuarial Analyst in Australia is approximately 207,969 AUD (104,563 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Senior Actuarial Analyst do?
The occupation of a senior actuarial analyst involves analyzing and interpreting complex data to assess and manage risks for insurance companies, financial institutions, or consulting firms. These professionals use mathematical models and statistical techniques to evaluate the probability and potential impact of events such as accidents, natural disasters, or changes in financial markets. They work closely with underwriters, investment managers, and other stakeholders to develop strategies for pricing policies, setting reserves, and managing portfolios.
Senior actuarial analysts are responsible for conducting research, preparing reports, and making recommendations to support strategic decision-making. They also play a crucial role in ensuring compliance with regulatory requirements and industry standards. Strong analytical skills, proficiency in programming languages and statistical software, and excellent communication abilities are essential for success in this occupation.
Skills: senior actuarial analyst, risk management, data analysis, statistical modeling, insurance industry, financial risk assessment
Job industry: Insurance
Job industry: Insurance
How much does Senior Actuarial Analyst make?
Salary details
How much does Senior Actuarial Analyst make?Estimated Yearly Salary: 207,969 AUD
Estimated Monthly Salary: 17,331 AUD
Estimated Weekly Salary: 3,999 AUD per week
Estimated Hourly Salary: 100 AUD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 201,558 AUDEstimated Monthly Salary: 16,797 AUD
Estimated Weekly Salary: 3,876 AUD per week
Estimated Hourly Salary: 97 AUD per hour
Last revision of data: 2024-01-05Senior Actuarial Analyst estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 104,563 USD
Estimated Monthly Salary: 8,714 USD
Estimated Weekly Salary: 2,011 USD per week
Estimated Hourly Salary: 50 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Australia is a vast country located in the southern hemisphere. It has a diverse population of approximately 25 million people. The country spans an area of about 7.7 million square kilometers, making it the sixth-largest country in the world. Australia is surrounded by the Indian and Pacific Oceans and is known for its stunning landscapes, including the Great Barrier Reef, Uluru, and the Outback.
Estimated national average yearly salary is 84,179 AUD (60,430 USD). Value indicated is pre-tax. Below graph shows estimated Senior Actuarial Analyst job salary compared to average salary in Australia.
Comparison shows that a person working as Senior Actuarial Analyst in Australia earns on average:
2.47 times the average salary (or 247% of average salary).
Estimated national average yearly salary is 84,179 AUD (60,430 USD). Value indicated is pre-tax. Below graph shows estimated Senior Actuarial Analyst job salary compared to average salary in Australia.
Comparison shows that a person working as Senior Actuarial Analyst in Australia earns on average:
2.47 times the average salary (or 247% of average salary).
Is Senior Actuarial Analyst a well paid job?
Yes, our data show that Senior Actuarial Analyst is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Senior Actuarial Analyst?
High salary for Senior Actuarial Analyst would be somewhere between 228,766 AUD and 301,555 AUD. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Actuarial Analyst in Australia?
Living in Australia the approximate monthly expenses are: 2,417 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 207,969 AUD
Estimated Monthly Salary: 17,331 AUD
Estimated Weekly Salary: 3,999 AUD per week
Estimated Hourly Salary: 100 AUD per hour
By working as Senior Actuarial Analyst a person can save up to 6,296 USD per month or 75,557 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Australia, see costs of living in Australia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Indonesia, Papua New Guinea, East Timor. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Senior Actuarial Analyst
Indonesia is 18,216 USD
East Timor is 77,761 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Australia
(1,263,730 AUD per year, pre-tax.)
2. Cardiologist
(1,046,644 AUD per year, pre-tax.)
(1,011,540 AUD per year, pre-tax.)
4. Neurosurgeon
(985,848 AUD per year, pre-tax.)
(982,803 AUD per year, pre-tax.)
(961,472 AUD per year, pre-tax.)
(960,386 AUD per year, pre-tax.)
8. Oncologist
(959,337 AUD per year, pre-tax.)
9. Urologist
(958,953 AUD per year, pre-tax.)
10. Plastic surgeon
(958,802 AUD per year, pre-tax.)
Data as of 2025Random salary:
Associate director compliance (312,993 AUD per year, pre-tax.)
Machine learning researcher (164,148 AUD per year, pre-tax.)
Manufacturing worker (76,408 AUD per year, pre-tax.)
Crocodile wrangler (127,786 AUD per year, pre-tax.)
Associate clinical research director (209,606 AUD per year, pre-tax.)
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