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An actuarial manager is a professional responsible for managing and overseeing the actuarial function within an organization. They play a crucial role in assessing and managing risks, analyzing data, and providing insights to support strategic decision-making. Actuarial managers work closely with senior management and other stakeholders to develop and implement risk management strategies, ensuring the financial stability and profitability of the organization.
Their key responsibilities include leading a team of actuaries, conducting complex statistical analyses, developing and maintaining actuarial models, collaborating with underwriters and claims professionals, and ensuring compliance with regulatory requirements. Actuarial managers also provide guidance on pricing, reserving, and investment strategies, as well as contribute to the development of new products and services.
Estimated Yearly Salary: 326,637 SGD
Estimated Monthly Salary: 27,220 SGD
Estimated Weekly Salary: 6,281 SGD per week
Estimated Hourly Salary: 157 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 26,247 SGD
Estimated Weekly Salary: 6,057 SGD per week
Estimated Hourly Salary: 151 SGD per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 163,547 USD
Estimated Monthly Salary: 13,629 USD
Estimated Weekly Salary: 3,145 USD per week
Estimated Hourly Salary: 79 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: 326,637 SGD
Estimated Monthly Salary: 27,220 SGD
Estimated Weekly Salary: 6,281 SGD per week
Estimated Hourly Salary: 157 SGD per hour
By working as Actuarial Manager a person can save up to 10,941 USD per month or 131,291 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 Singapore, see costs of living in Singapore.
Estimated Yearly Salary for Actuarial Manager
Last revision of data: 2025-01-04
Data as of 2025
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Actuarial Manager salary in Singapore
Average Yearly Salary of Actuarial Manager in Singapore is approximately 326,637 SGD (163,547 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 Manager do?
An actuarial manager is a professional responsible for managing and overseeing the actuarial function within an organization. They play a crucial role in assessing and managing risks, analyzing data, and providing insights to support strategic decision-making. Actuarial managers work closely with senior management and other stakeholders to develop and implement risk management strategies, ensuring the financial stability and profitability of the organization.
Their key responsibilities include leading a team of actuaries, conducting complex statistical analyses, developing and maintaining actuarial models, collaborating with underwriters and claims professionals, and ensuring compliance with regulatory requirements. Actuarial managers also provide guidance on pricing, reserving, and investment strategies, as well as contribute to the development of new products and services.
Skills: Actuarial management, Risk assessment, Data analysis, Strategic decision-making, Financial stability, Regulatory compliance.
Job industry: Insurance
Job industry: Insurance
How much does Actuarial Manager make?
Salary details
How much does Actuarial Manager make?Estimated Yearly Salary: 326,637 SGD
Estimated Monthly Salary: 27,220 SGD
Estimated Weekly Salary: 6,281 SGD per week
Estimated Hourly Salary: 157 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 314,966 SGDEstimated Monthly Salary: 26,247 SGD
Estimated Weekly Salary: 6,057 SGD per week
Estimated Hourly Salary: 151 SGD per hour
Last revision of data: 2024-01-02Actuarial Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 163,547 USD
Estimated Monthly Salary: 13,629 USD
Estimated Weekly Salary: 3,145 USD per week
Estimated Hourly Salary: 79 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
Singapore is a vibrant and cosmopolitan city-state located in Southeast Asia. With a population of approximately 5.7 million people, it is one of the most densely populated countries in the world. Despite its small size, measuring only 719 square kilometers, Singapore has become a global hub for trade, finance, and tourism.
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Manager job salary compared to average salary in Singapore.
Comparison shows that a person working as Actuarial Manager in Singapore earns on average:
3.42 times the average salary (or 342% of average salary).
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Manager job salary compared to average salary in Singapore.
Comparison shows that a person working as Actuarial Manager in Singapore earns on average:
3.42 times the average salary (or 342% of average salary).
Is Actuarial Manager a well paid job?
Yes, our data show that Actuarial Manager 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 Actuarial Manager?
High salary for Actuarial Manager would be somewhere between 359,301 SGD and 473,624 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Actuarial Manager in Singapore?
Living in Singapore the approximate monthly expenses are: 2,688 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: 326,637 SGD
Estimated Monthly Salary: 27,220 SGD
Estimated Weekly Salary: 6,281 SGD per week
Estimated Hourly Salary: 157 SGD per hour
By working as Actuarial Manager a person can save up to 10,941 USD per month or 131,291 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 Singapore, see costs of living in Singapore.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Malaysia, Indonesia. 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 Manager
Malaysia is 43,044 USD
Indonesia is 25,680 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 Singapore
(1,400,313 SGD per year, pre-tax.)
2. Cardiologist
(1,169,524 SGD per year, pre-tax.)
(1,129,281 SGD per year, pre-tax.)
(1,093,464 SGD per year, pre-tax.)
5. Neurosurgeon
(1,091,467 SGD per year, pre-tax.)
(1,068,249 SGD per year, pre-tax.)
7. Oncologist
(1,067,130 SGD per year, pre-tax.)
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(1,063,823 SGD per year, pre-tax.)
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Data as of 2025Random salary:
Assistant department manager retail (80,643 SGD per year, pre-tax.)
Sarbanes-oxley (sox), analyst (200,700 SGD per year, pre-tax.)
Oral and maxillofacial surgeon (592,454 SGD per year, pre-tax.)
Architectural engineer (170,725 SGD per year, pre-tax.)
Master scheduler (188,980 SGD per year, pre-tax.)
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