Home > Salary > Ethiopia > Senior Actuary
A senior actuary is a highly skilled professional who specializes in assessing and managing financial risks for insurance companies, consulting firms, or government agencies. They use mathematical and statistical models to analyze data and make predictions about future events, such as mortality rates, accident frequencies, or investment returns. Senior actuaries play a crucial role in determining insurance premiums, designing pension plans, and evaluating the financial stability of insurance companies.
Their responsibilities include conducting complex risk assessments, developing pricing models, and providing guidance on strategic planning and decision-making. They also collaborate with other professionals, such as underwriters, investment managers, and executives, to ensure the financial health and profitability of their organizations. Strong analytical skills, attention to detail, and the ability to communicate complex concepts in a clear manner are essential for success in this occupation.
Estimated Yearly Salary: 279,709 ETB
Estimated Monthly Salary: 23,309 ETB
Estimated Weekly Salary: 5,379 ETB per week
Estimated Hourly Salary: 134 ETB per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 22,600 ETB
Estimated Weekly Salary: 5,215 ETB per week
Estimated Hourly Salary: 130 ETB per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 4,693 USD
Estimated Monthly Salary: 391 USD
Estimated Weekly Salary: 90 USD per week
Estimated Hourly Salary: 2 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: 279,709 ETB
Estimated Monthly Salary: 23,309 ETB
Estimated Weekly Salary: 5,379 ETB per week
Estimated Hourly Salary: 134 ETB per hour
By working as Senior Actuary a person can save up to 314 USD per month or 3,771 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 Senior Actuary
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Facilities supervisor (134,340 ETB per year, pre-tax.)
Budget supervisor (129,236 ETB per year, pre-tax.)
Comic book artist (55,781 ETB per year, pre-tax.)
Paint and varnish mixer (71,271 ETB per year, pre-tax.)
School business manager (94,809 ETB per year, pre-tax.)
Senior Actuary salary in Ethiopia
Average Yearly Salary of Senior Actuary in Ethiopia is approximately 279,709 ETB (4,693 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 Actuary do?
A senior actuary is a highly skilled professional who specializes in assessing and managing financial risks for insurance companies, consulting firms, or government agencies. They use mathematical and statistical models to analyze data and make predictions about future events, such as mortality rates, accident frequencies, or investment returns. Senior actuaries play a crucial role in determining insurance premiums, designing pension plans, and evaluating the financial stability of insurance companies.
Their responsibilities include conducting complex risk assessments, developing pricing models, and providing guidance on strategic planning and decision-making. They also collaborate with other professionals, such as underwriters, investment managers, and executives, to ensure the financial health and profitability of their organizations. Strong analytical skills, attention to detail, and the ability to communicate complex concepts in a clear manner are essential for success in this occupation.
Skills: Senior Actuary, Risk Assessment, Financial Modeling, Insurance Pricing, Pension Planning, Data Analysis
Job industry: Insurance
Job industry: Insurance
How much does Senior Actuary make?
Salary details
How much does Senior Actuary make?Estimated Yearly Salary: 279,709 ETB
Estimated Monthly Salary: 23,309 ETB
Estimated Weekly Salary: 5,379 ETB per week
Estimated Hourly Salary: 134 ETB per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 271,200 ETBEstimated Monthly Salary: 22,600 ETB
Estimated Weekly Salary: 5,215 ETB per week
Estimated Hourly Salary: 130 ETB per hour
Last revision of data: 2024-01-03Senior Actuary estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 4,693 USD
Estimated Monthly Salary: 391 USD
Estimated Weekly Salary: 90 USD per week
Estimated Hourly Salary: 2 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
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 Senior Actuary job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Senior Actuary 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 Senior Actuary job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Senior Actuary in Ethiopia earns on average:
2.66 times the average salary (or 266% of average salary).
Is Senior Actuary a well paid job?
Yes, our data show that Senior Actuary 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 Actuary?
High salary for Senior Actuary would be somewhere between 307,680 ETB and 405,578 ETB. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Actuary 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: 279,709 ETB
Estimated Monthly Salary: 23,309 ETB
Estimated Weekly Salary: 5,379 ETB per week
Estimated Hourly Salary: 134 ETB per hour
By working as Senior Actuary a person can save up to 314 USD per month or 3,771 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 Senior Actuary
Sudan is 1,845 USD
Kenya is 14,619 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:
Facilities supervisor (134,340 ETB per year, pre-tax.)
Budget supervisor (129,236 ETB per year, pre-tax.)
Comic book artist (55,781 ETB per year, pre-tax.)
Paint and varnish mixer (71,271 ETB per year, pre-tax.)
School business manager (94,809 ETB per year, pre-tax.)
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