Actuarial Assistant salary in Nigeria

Average Yearly Salary of Actuarial Assistant in Nigeria is approximately 5,754,606 NGN (6,877 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 Assistant do?

An actuarial assistant is responsible for providing support to actuaries in the insurance and financial industries. They assist in analyzing data, conducting research, and developing models to evaluate and manage risk. Actuarial assistants help in preparing reports, presentations, and recommendations based on their analysis. They may also assist in pricing insurance policies, calculating premiums, and determining reserves. Actuarial assistants need strong analytical and mathematical skills to work with complex data sets and perform statistical analysis. They must have a solid understanding of financial concepts, insurance principles, and risk management techniques. Attention to detail, problem-solving abilities, and proficiency in computer software, such as Excel and statistical modeling tools, are essential for this role.

Skills: Actuarial analysis, Risk management, Insurance industry, Financial analysis, Statistical modeling, Data analysis
Job industry: Insurance

How much does Actuarial Assistant make?

Difference in salary year over year or average salary increase is approximately 3 %


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Actuarial Assistant a well paid job?

Yes, our data shows that Actuarial Assistant is a 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 Assistant?

High salary for Actuarial Assistant would be somewhere between 6,330,067 NGN and 8,344,179 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Actuarial Assistant in Nigeria?

Living in Nigeria the approximate monthly expenses are: 206 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: 5,754,606 NGN
Estimated Monthly Salary: 479,551 NGN
Estimated Weekly Salary: 110,666 NGN per week
Estimated Hourly Salary: 2,767 NGN per hour
By working as Actuarial Assistant a person can save up to 367 USD per month or 4,410 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 Nigeria, see costs of living in Nigeria.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Niger, Chad, Cameroon, Benin.
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 Assistant

Last revision of data: 2025-01-04

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 +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 increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Nigeria

Data as of 2025

Random salary:
Outsourcing vendor manager (6,621,128 NGN per year, pre-tax.)
Drone pilot (2,927,507 NGN per year, pre-tax.)
Privacy officer (7,213,008 NGN per year, pre-tax.)
Data integration specialist (4,495,668 NGN per year, pre-tax.)
Change analyst (5,386,348 NGN per year, pre-tax.)

Feedback about these results