Home > Salary > Portugal > 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: 62,737 EUR
Estimated Monthly Salary: 5,228 EUR
Estimated Weekly Salary: 1,206 EUR per week
Estimated Hourly Salary: 30 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 5,062 EUR
Estimated Weekly Salary: 1,168 EUR per week
Estimated Hourly Salary: 29 EUR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 63,056 USD
Estimated Monthly Salary: 5,255 USD
Estimated Weekly Salary: 1,213 USD per week
Estimated Hourly Salary: 30 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: 62,737 EUR
Estimated Monthly Salary: 5,228 EUR
Estimated Weekly Salary: 1,206 EUR per week
Estimated Hourly Salary: 30 EUR per hour
By working as Senior Actuary a person can save up to 4,223 USD per month or 50,672 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 Portugal, see costs of living in Portugal.
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 Portugal
Average Yearly Salary of Senior Actuary in Portugal is approximately 62,737 EUR (63,056 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?

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: 62,737 EUR
Estimated Monthly Salary: 5,228 EUR
Estimated Weekly Salary: 1,206 EUR per week
Estimated Hourly Salary: 30 EUR per hour
Comparing salary to last year:
Estimated Yearly Salary: 60,744 EUREstimated Monthly Salary: 5,062 EUR
Estimated Weekly Salary: 1,168 EUR per week
Estimated Hourly Salary: 29 EUR per hour
Senior Actuary estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 63,056 USD
Estimated Monthly Salary: 5,255 USD
Estimated Weekly Salary: 1,213 USD per week
Estimated Hourly Salary: 30 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
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Portugal is a country located in Southern Europe, on the Iberian Peninsula. It has a population of approximately 10.3 million people and covers an area of about 92,090 square kilometers.
Estimated national average yearly salary is 23,478 EUR (25,800 USD). Value indicated is pre-tax. Below graph shows estimated Senior Actuary job salary compared to average salary in Portugal.
Comparison shows that a person working as Senior Actuary in Portugal earns on average:
2.67 times the average salary (or 267% of average salary).
Estimated national average yearly salary is 23,478 EUR (25,800 USD). Value indicated is pre-tax. Below graph shows estimated Senior Actuary job salary compared to average salary in Portugal.
Comparison shows that a person working as Senior Actuary in Portugal earns on average:
2.67 times the average salary (or 267% 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 69,011 EUR and 90,969 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Actuary in Portugal?
Living in Portugal the approximate monthly expenses are: 1,032 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: 62,737 EUR
Estimated Monthly Salary: 5,228 EUR
Estimated Weekly Salary: 1,206 EUR per week
Estimated Hourly Salary: 30 EUR per hour
By working as Senior Actuary a person can save up to 4,223 USD per month or 50,672 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 Portugal, see costs of living in Portugal.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Spain, orra. 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
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
Top 10 highest salaries in Portugal
(268,253 EUR per year, pre-tax.)
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5. Neurosurgeon
(209,299 EUR per year, pre-tax.)
(205,151 EUR per year, pre-tax.)
(204,848 EUR per year, pre-tax.)
(204,801 EUR per year, pre-tax.)
9. Oncologist
(204,455 EUR per year, pre-tax.)
10. Urologist
(204,344 EUR per year, pre-tax.)
Random salary:
Process stripper (13,217 EUR per year, pre-tax.)
National category manager (31,740 EUR per year, pre-tax.)
Ac installer (15,467 EUR per year, pre-tax.)
Php coder (32,358 EUR per year, pre-tax.)
Senior pensions administrator (35,102 EUR per year, pre-tax.)
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