Home > Salary > Philippines > 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: 454,501 PHP
Estimated Monthly Salary: 37,875 PHP
Estimated Weekly Salary: 8,740 PHP per week
Estimated Hourly Salary: 219 PHP per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 36,595 PHP
Estimated Weekly Salary: 8,445 PHP per week
Estimated Hourly Salary: 211 PHP per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 7,589 USD
Estimated Monthly Salary: 632 USD
Estimated Weekly Salary: 146 USD per week
Estimated Hourly Salary: 4 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: 454,501 PHP
Estimated Monthly Salary: 37,875 PHP
Estimated Weekly Salary: 8,740 PHP per week
Estimated Hourly Salary: 219 PHP per hour
By working as Senior Actuarial Associate a person can save up to 474 USD per month or 5,693 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 Philippines, see costs of living in Philippines.
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 Philippines
Average Yearly Salary of Senior Actuarial Associate in Philippines is approximately 454,501 PHP (7,589 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?
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.
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: 454,501 PHP
Estimated Monthly Salary: 37,875 PHP
Estimated Weekly Salary: 8,740 PHP per week
Estimated Hourly Salary: 219 PHP per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 439,140 PHPEstimated Monthly Salary: 36,595 PHP
Estimated Weekly Salary: 8,445 PHP per week
Estimated Hourly Salary: 211 PHP per hour
Last revision of data: 2024-01-09Senior Actuarial Associate estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 7,589 USD
Estimated Monthly Salary: 632 USD
Estimated Weekly Salary: 146 USD per week
Estimated Hourly Salary: 4 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
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Salary comparison to National average
The Philippines is an archipelagic country located in Southeast Asia. It is composed of more than 7,000 islands and has a total land area of approximately 300,000 square kilometers. The population of the Philippines is around 110 million people, making it the 13th most populous country in the world. The capital city is Manila, which is one of the most densely populated cities globally.
Estimated national average yearly salary is 218,988 PHP (3,950 USD). Value indicated is pre-tax. Below graph shows estimated Senior Actuarial Associate job salary compared to average salary in Philippines.
Comparison shows that a person working as Senior Actuarial Associate in Philippines earns on average:
2.08 times the average salary (or 208% of average salary).
Estimated national average yearly salary is 218,988 PHP (3,950 USD). Value indicated is pre-tax. Below graph shows estimated Senior Actuarial Associate job salary compared to average salary in Philippines.
Comparison shows that a person working as Senior Actuarial Associate in Philippines earns on average:
2.08 times the average salary (or 208% 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 499,951 PHP and 659,026 PHP. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Actuarial Associate in Philippines?
Living in Philippines the approximate monthly expenses are: 158 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: 454,501 PHP
Estimated Monthly Salary: 37,875 PHP
Estimated Weekly Salary: 8,740 PHP per week
Estimated Hourly Salary: 219 PHP per hour
By working as Senior Actuarial Associate a person can save up to 474 USD per month or 5,693 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 Philippines, see costs of living in Philippines.
Salary comparison to region and neighbouring coutries
Country's neighbours are: China, Taiwan, Vietnam, Malaysia, Indonesia, Brunei.. 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
China is 24,665 USD
Vietnam is 7,694 USD
Malaysia is 34,072 USD
Indonesia is 20,357 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 Philippines
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Data as of 2025Random salary:
Pharmacy operations manager (400,516 PHP per year, pre-tax.)
General manager restaurant (232,500 PHP per year, pre-tax.)
Carpenter repair (184,574 PHP per year, pre-tax.)
Data analyst 2 (279,000 PHP per year, pre-tax.)
Benefits administrator (216,770 PHP per year, pre-tax.)
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