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An actuarial manager is a professional responsible for managing and overseeing the actuarial function within an organization. They play a crucial role in assessing and managing risks, analyzing data, and providing insights to support strategic decision-making. Actuarial managers work closely with senior management and other stakeholders to develop and implement risk management strategies, ensuring the financial stability and profitability of the organization.
Their key responsibilities include leading a team of actuaries, conducting complex statistical analyses, developing and maintaining actuarial models, collaborating with underwriters and claims professionals, and ensuring compliance with regulatory requirements. Actuarial managers also provide guidance on pricing, reserving, and investment strategies, as well as contribute to the development of new products and services.
Estimated Yearly Salary: 279,810 ETB
Estimated Monthly Salary: 23,318 ETB
Estimated Weekly Salary: 5,381 ETB per week
Estimated Hourly Salary: 135 ETB per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 22,500 ETB
Estimated Weekly Salary: 5,192 ETB per week
Estimated Hourly Salary: 130 ETB per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 4,649 USD
Estimated Monthly Salary: 387 USD
Estimated Weekly Salary: 89 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
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: 279,810 ETB
Estimated Monthly Salary: 23,318 ETB
Estimated Weekly Salary: 5,381 ETB per week
Estimated Hourly Salary: 135 ETB per hour
By working as Actuarial Manager a person can save up to 311 USD per month or 3,727 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 Ethiopia, see costs of living in Ethiopia.
Estimated Yearly Salary for Actuarial Manager
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
General auditor (158,220 ETB per year, pre-tax.)
Chief operating officer (coo), chief nursing officer (cno) (386,836 ETB per year, pre-tax.)
Records technician (53,941 ETB per year, pre-tax.)
Bank secrecy act-anti-money laundering (bsaaml), officer (146,391 ETB per year, pre-tax.)
Tire builder (91,680 ETB per year, pre-tax.)
Actuarial Manager salary in Ethiopia
Average Yearly Salary of Actuarial Manager in Ethiopia is approximately 279,810 ETB (4,649 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 Actuarial Manager do?
An actuarial manager is a professional responsible for managing and overseeing the actuarial function within an organization. They play a crucial role in assessing and managing risks, analyzing data, and providing insights to support strategic decision-making. Actuarial managers work closely with senior management and other stakeholders to develop and implement risk management strategies, ensuring the financial stability and profitability of the organization.
Their key responsibilities include leading a team of actuaries, conducting complex statistical analyses, developing and maintaining actuarial models, collaborating with underwriters and claims professionals, and ensuring compliance with regulatory requirements. Actuarial managers also provide guidance on pricing, reserving, and investment strategies, as well as contribute to the development of new products and services.
Skills: Actuarial management, Risk assessment, Data analysis, Strategic decision-making, Financial stability, Regulatory compliance.
Job industry: Insurance
Job industry: Insurance
How much does Actuarial Manager make?
Salary details
How much does Actuarial Manager make?Estimated Yearly Salary: 279,810 ETB
Estimated Monthly Salary: 23,318 ETB
Estimated Weekly Salary: 5,381 ETB per week
Estimated Hourly Salary: 135 ETB per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 270,000 ETBEstimated Monthly Salary: 22,500 ETB
Estimated Weekly Salary: 5,192 ETB per week
Estimated Hourly Salary: 130 ETB per hour
Last revision of data: 2024-01-05Actuarial Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 4,649 USD
Estimated Monthly Salary: 387 USD
Estimated Weekly Salary: 89 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %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
Ethiopia is a landlocked country located in the Horn of Africa. With a population of over 114 million people, it is the second-most populous country in Africa. Covering an area of approximately 1.1 million square kilometers, Ethiopia is the 27th largest country in the world. It shares borders with Eritrea to the north, Sudan to the west, South Sudan to the southwest, Kenya to the south, Somalia to the east, and Djibouti to the northeast.
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Manager job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Actuarial Manager in Ethiopia earns on average:
2.66 times the average salary (or 266% of average salary).
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Manager job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Actuarial Manager in Ethiopia earns on average:
2.66 times the average salary (or 266% of average salary).
Is Actuarial Manager a well paid job?
Yes, our data show that Actuarial Manager 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 Actuarial Manager?
High salary for Actuarial Manager would be somewhere between 307,791 ETB and 405,725 ETB. However this is an estimation based on Gaussian Distribution.How much can you save working as Actuarial Manager in Ethiopia?
Living in Ethiopia the approximate monthly expenses are: 77 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: 279,810 ETB
Estimated Monthly Salary: 23,318 ETB
Estimated Weekly Salary: 5,381 ETB per week
Estimated Hourly Salary: 135 ETB per hour
By working as Actuarial Manager a person can save up to 311 USD per month or 3,727 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 Ethiopia, see costs of living in Ethiopia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Djibouti, Eritrea, Sudan, South Sudan, Kenya, Somalia. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Actuarial Manager
Sudan is 1,847 USD
Kenya is 14,570 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 Ethiopia
(1,198,707 ETB per year, pre-tax.)
2. Cardiologist
(998,053 ETB per year, pre-tax.)
(968,024 ETB per year, pre-tax.)
4. Neurosurgeon
(937,399 ETB per year, pre-tax.)
(935,134 ETB per year, pre-tax.)
(915,448 ETB per year, pre-tax.)
7. Oncologist
(913,122 ETB per year, pre-tax.)
(912,301 ETB per year, pre-tax.)
(911,770 ETB per year, pre-tax.)
10. Dermatologist
(911,678 ETB per year, pre-tax.)
Data as of 2025Random salary:
General auditor (158,220 ETB per year, pre-tax.)
Chief operating officer (coo), chief nursing officer (cno) (386,836 ETB per year, pre-tax.)
Records technician (53,941 ETB per year, pre-tax.)
Bank secrecy act-anti-money laundering (bsaaml), officer (146,391 ETB per year, pre-tax.)
Tire builder (91,680 ETB per year, pre-tax.)
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