Home > Salary > Indonesia > 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: 425,865,783 IDR
Estimated Monthly Salary: 35,488,815 IDR
Estimated Weekly Salary: 8,189,727 IDR per week
Estimated Hourly Salary: 204,743 IDR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 34,280,312 IDR
Estimated Weekly Salary: 7,910,841 IDR per week
Estimated Hourly Salary: 197,771 IDR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 25,860 USD
Estimated Monthly Salary: 2,155 USD
Estimated Weekly Salary: 497 USD per week
Estimated Hourly Salary: 12 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: 425,865,783 IDR
Estimated Monthly Salary: 35,488,815 IDR
Estimated Weekly Salary: 8,189,727 IDR per week
Estimated Hourly Salary: 204,743 IDR per hour
By working as Senior Actuary a person can save up to 1,732 USD per month or 20,782 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 Indonesia, see costs of living in Indonesia.
Estimated Yearly Salary for Senior Actuary
Last revision of data: 2025-01-04
Data as of 2025
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Senior Actuary salary in Indonesia
Average Yearly Salary of Senior Actuary in Indonesia is approximately 425,865,783 IDR (25,860 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: 425,865,783 IDR
Estimated Monthly Salary: 35,488,815 IDR
Estimated Weekly Salary: 8,189,727 IDR per week
Estimated Hourly Salary: 204,743 IDR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 411,363,740 IDREstimated Monthly Salary: 34,280,312 IDR
Estimated Weekly Salary: 7,910,841 IDR per week
Estimated Hourly Salary: 197,771 IDR 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: 25,860 USD
Estimated Monthly Salary: 2,155 USD
Estimated Weekly Salary: 497 USD per week
Estimated Hourly Salary: 12 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
Indonesia, located in Southeast Asia, is the world's largest archipelago consisting of more than 17,000 islands. With a population of over 270 million people, it is the fourth most populous country globally. The nation spans approximately 1.9 million square kilometers, making it the 14th largest country by land area.
Estimated national average yearly salary is 160,287,000 IDR (10,580 USD). Value indicated is pre-tax. Below graph shows estimated Senior Actuary job salary compared to average salary in Indonesia.
Comparison shows that a person working as Senior Actuary in Indonesia earns on average:
2.66 times the average salary (or 266% of average salary).
Estimated national average yearly salary is 160,287,000 IDR (10,580 USD). Value indicated is pre-tax. Below graph shows estimated Senior Actuary job salary compared to average salary in Indonesia.
Comparison shows that a person working as Senior Actuary in Indonesia 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 468,452,361 IDR and 617,505,385 IDR. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Actuary in Indonesia?
Living in Indonesia the approximate monthly expenses are: 423 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: 425,865,783 IDR
Estimated Monthly Salary: 35,488,815 IDR
Estimated Weekly Salary: 8,189,727 IDR per week
Estimated Hourly Salary: 204,743 IDR per hour
By working as Senior Actuary a person can save up to 1,732 USD per month or 20,782 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 Indonesia, see costs of living in Indonesia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Malaysia, 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 Actuary
Malaysia is 43,475 USD
East Timor is 109,345 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 Indonesia
(1,825,698,192 IDR per year, pre-tax.)
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9. Oncologist
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10. Plastic surgeon
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Data as of 2025Random salary:
Lead applications developer (276,177,707 IDR per year, pre-tax.)
Assistant controller (222,795,900 IDR per year, pre-tax.)
Interior decorator (165,684,962 IDR per year, pre-tax.)
Vendor marketing manager (190,738,500 IDR per year, pre-tax.)
Library director (181,118,250 IDR per year, pre-tax.)
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