Home > Salary > Latvia > Senior Actuarial Associate
A senior actuarial associate is a professional who works in the field of actuarial science, which involves analyzing and managing financial risks using mathematical and statistical methods. They are responsible for conducting complex data analysis, developing and maintaining actuarial models, and providing insights and recommendations to help organizations make informed decisions regarding insurance policies, investments, and financial planning.
Senior actuarial associates typically have several years of experience in the field and are expected to have advanced knowledge of actuarial principles, practices, and regulations. They collaborate with cross-functional teams, including underwriters, finance professionals, and executives, to assess risk exposure and develop strategies to mitigate potential losses. They also play a key role in regulatory compliance and financial reporting.
Estimated Yearly Salary: 41,145 EUR
Estimated Monthly Salary: 3,429 EUR
Estimated Weekly Salary: 791 EUR per week
Estimated Hourly Salary: 20 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 3,320 EUR
Estimated Weekly Salary: 766 EUR per week
Estimated Hourly Salary: 19 EUR per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 41,142 USD
Estimated Monthly Salary: 3,429 USD
Estimated Weekly Salary: 791 USD per week
Estimated Hourly Salary: 20 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: 41,145 EUR
Estimated Monthly Salary: 3,429 EUR
Estimated Weekly Salary: 791 EUR per week
Estimated Hourly Salary: 20 EUR per hour
By working as Senior Actuarial Associate a person can save up to 2,569 USD per month or 30,822 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 Latvia, see costs of living in Latvia.
Estimated Yearly Salary for Senior Actuarial Associate
Last revision of data: 2025-01-04
Data as of 2025
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Senior Actuarial Associate salary in Latvia
Average Yearly Salary of Senior Actuarial Associate in Latvia is approximately 41,145 EUR (41,142 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 Associate do?

Skills: Senior Actuarial Associate, Actuarial Science, Risk Analysis, Financial Modeling, Insurance, Data Analysis
Job industry: Insurance
Job industry: Insurance
How much does Senior Actuarial Associate make?
Salary details
How much does Senior Actuarial Associate make?Estimated Yearly Salary: 41,145 EUR
Estimated Monthly Salary: 3,429 EUR
Estimated Weekly Salary: 791 EUR per week
Estimated Hourly Salary: 20 EUR per hour
Comparing salary to last year:
Estimated Yearly Salary: 39,840 EUREstimated Monthly Salary: 3,320 EUR
Estimated Weekly Salary: 766 EUR per week
Estimated Hourly Salary: 19 EUR per hour
Senior Actuarial Associate estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 41,142 USD
Estimated Monthly Salary: 3,429 USD
Estimated Weekly Salary: 791 USD per week
Estimated Hourly Salary: 20 USD per hour
Difference in salary year over year or average salary increase is approximately
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
Latvia is a country located in Northern Europe, bordered by Estonia to the north, Lithuania to the south, Russia to the east, and Belarus to the southeast. It has a population of approximately 1.9 million people and covers an area of about 64,589 square kilometers.
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Senior Actuarial Associate job salary compared to average salary in Latvia.
Comparison shows that a person working as Senior Actuarial Associate in Latvia earns on average:
2.1 times the average salary (or 210% of average salary).
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Senior Actuarial Associate job salary compared to average salary in Latvia.
Comparison shows that a person working as Senior Actuarial Associate in Latvia earns on average:
2.1 times the average salary (or 210% of average salary).
Is Senior Actuarial Associate a well paid job?
Yes, our data show that Senior Actuarial Associate 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 Associate?
High salary for Senior Actuarial Associate would be somewhere between 45,260 EUR and 59,660 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Actuarial Associate in Latvia?
Living in Latvia the approximate monthly expenses are: 860 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: 41,145 EUR
Estimated Monthly Salary: 3,429 EUR
Estimated Weekly Salary: 791 EUR per week
Estimated Hourly Salary: 20 EUR per hour
By working as Senior Actuarial Associate a person can save up to 2,569 USD per month or 30,822 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 Latvia, see costs of living in Latvia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Estonia, Russia, Belarus, Lithuania.. 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 Associate
Salary 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
- 6 to 10 years of experience yields
- 11 to 15 years of experience yields
- 16 to 25 years of experience yields
- more than 25 years of experience yields
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(174,646 EUR per year, pre-tax.)
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6. Urologist
(170,871 EUR per year, pre-tax.)
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Random salary:
Grounds maintenance worker (12,130 EUR per year, pre-tax.)
Hr benefits analyst (16,942 EUR per year, pre-tax.)
Teacher assistant (8,609 EUR per year, pre-tax.)
Sr. vice president (svp), product development (84,982 EUR per year, pre-tax.)
Junior auditor (21,616 EUR per year, pre-tax.)
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