Home > Salary > Singapore > Senior Actuarial Analyst
The occupation of a senior actuarial analyst involves analyzing and interpreting complex data to assess and manage risks for insurance companies, financial institutions, or consulting firms. These professionals use mathematical models and statistical techniques to evaluate the probability and potential impact of events such as accidents, natural disasters, or changes in financial markets. They work closely with underwriters, investment managers, and other stakeholders to develop strategies for pricing policies, setting reserves, and managing portfolios.
Senior actuarial analysts are responsible for conducting research, preparing reports, and making recommendations to support strategic decision-making. They also play a crucial role in ensuring compliance with regulatory requirements and industry standards. Strong analytical skills, proficiency in programming languages and statistical software, and excellent communication abilities are essential for success in this occupation.
Estimated Yearly Salary: 231,328 SGD
Estimated Monthly Salary: 19,277 SGD
Estimated Weekly Salary: 4,449 SGD per week
Estimated Hourly Salary: 111 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 18,678 SGD
Estimated Weekly Salary: 4,310 SGD per week
Estimated Hourly Salary: 108 SGD per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 115,669 USD
Estimated Monthly Salary: 9,639 USD
Estimated Weekly Salary: 2,224 USD per week
Estimated Hourly Salary: 56 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: 231,328 SGD
Estimated Monthly Salary: 19,277 SGD
Estimated Weekly Salary: 4,449 SGD per week
Estimated Hourly Salary: 111 SGD per hour
By working as Senior Actuarial Analyst a person can save up to 6,951 USD per month or 83,413 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 Senior Actuarial Analyst
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Engineer refrigeration (207,620 SGD per year, pre-tax.)
Oil scheduler (87,646 SGD per year, pre-tax.)
Dental office coordinator (69,625 SGD per year, pre-tax.)
Implementation consultant (111,243 SGD per year, pre-tax.)
Log grader scaler (90,828 SGD per year, pre-tax.)
Senior Actuarial Analyst salary in Singapore
Average Yearly Salary of Senior Actuarial Analyst in Singapore is approximately 231,328 SGD (115,669 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 Analyst do?
The occupation of a senior actuarial analyst involves analyzing and interpreting complex data to assess and manage risks for insurance companies, financial institutions, or consulting firms. These professionals use mathematical models and statistical techniques to evaluate the probability and potential impact of events such as accidents, natural disasters, or changes in financial markets. They work closely with underwriters, investment managers, and other stakeholders to develop strategies for pricing policies, setting reserves, and managing portfolios.
Senior actuarial analysts are responsible for conducting research, preparing reports, and making recommendations to support strategic decision-making. They also play a crucial role in ensuring compliance with regulatory requirements and industry standards. Strong analytical skills, proficiency in programming languages and statistical software, and excellent communication abilities are essential for success in this occupation.
Skills: senior actuarial analyst, risk management, data analysis, statistical modeling, insurance industry, financial risk assessment
Job industry: Insurance
Job industry: Insurance
How much does Senior Actuarial Analyst make?
Salary details
How much does Senior Actuarial Analyst make?Estimated Yearly Salary: 231,328 SGD
Estimated Monthly Salary: 19,277 SGD
Estimated Weekly Salary: 4,449 SGD per week
Estimated Hourly Salary: 111 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 224,138 SGDEstimated Monthly Salary: 18,678 SGD
Estimated Weekly Salary: 4,310 SGD per week
Estimated Hourly Salary: 108 SGD per hour
Last revision of data: 2024-01-07Senior Actuarial Analyst estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 115,669 USD
Estimated Monthly Salary: 9,639 USD
Estimated Weekly Salary: 2,224 USD per week
Estimated Hourly Salary: 56 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
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
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 Senior Actuarial Analyst job salary compared to average salary in Singapore.
Comparison shows that a person working as Senior Actuarial Analyst in Singapore earns on average:
2.43 times the average salary (or 243% of average salary).
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Senior Actuarial Analyst job salary compared to average salary in Singapore.
Comparison shows that a person working as Senior Actuarial Analyst in Singapore earns on average:
2.43 times the average salary (or 243% of average salary).
Is Senior Actuarial Analyst a well paid job?
Yes, our data show that Senior Actuarial Analyst 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 Analyst?
High salary for Senior Actuarial Analyst would be somewhere between 254,461 SGD and 335,426 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Actuarial Analyst 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: 231,328 SGD
Estimated Monthly Salary: 19,277 SGD
Estimated Weekly Salary: 4,449 SGD per week
Estimated Hourly Salary: 111 SGD per hour
By working as Senior Actuarial Analyst a person can save up to 6,951 USD per month or 83,413 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 Senior Actuarial Analyst
Malaysia is 30,745 USD
Indonesia is 18,216 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.)
(1,066,002 SGD per year, pre-tax.)
(1,063,823 SGD per year, pre-tax.)
(1,063,241 SGD per year, pre-tax.)
Data as of 2025Random salary:
Engineer refrigeration (207,620 SGD per year, pre-tax.)
Oil scheduler (87,646 SGD per year, pre-tax.)
Dental office coordinator (69,625 SGD per year, pre-tax.)
Implementation consultant (111,243 SGD per year, pre-tax.)
Log grader scaler (90,828 SGD per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=singapore&job=senior-actuarial-analyst'><img src='https://optisalary.com/wp-content/graphs/salary/senior-actuarial-analyst-salary-in-singapore-2025.jpg' alt='senior actuarial analyst salary in singapore 2025' title='senior actuarial analyst salary in singapore 2025' /></a>
Please note:The salary figures on this website are meant for reference use only.
optisalary.com provides salary figures exclusively for informational use. While we endeavor for correctness, we do not ensure the precision of all figures. Users must double-check salary details with official organizations before making career-related plans. Salary estimates may vary based on multiple elements, such as geographic location, experience, and job role. We assume no responsibility for misinterpretations in the pay estimates provided. By accessing this website, you accept that salary data is subject to change.
By visiting this website, you accept that salary details are not definitive.