Home > Salary > South Africa > Actuarial Director
An actuarial director is a senior-level professional responsible for managing and directing the actuarial department within an organization. They play a crucial role in assessing and managing risks related to insurance, pensions, investments, and other financial products. Actuarial directors oversee the development and implementation of actuarial models, methodologies, and strategies to ensure accurate pricing, reserving, and financial reporting. They collaborate with other departments such as finance, underwriting, and product development to provide insights and recommendations on risk management and profitability.
Estimated Yearly Salary: 417,232 ZAR
Estimated Monthly Salary: 34,769 ZAR
Estimated Weekly Salary: 8,024 ZAR per week
Estimated Hourly Salary: 201 ZAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 33,502 ZAR
Estimated Weekly Salary: 7,731 ZAR per week
Estimated Hourly Salary: 193 ZAR per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 20,809 USD
Estimated Monthly Salary: 1,734 USD
Estimated Weekly Salary: 400 USD per week
Estimated Hourly Salary: 10 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: 417,232 ZAR
Estimated Monthly Salary: 34,769 ZAR
Estimated Weekly Salary: 8,024 ZAR per week
Estimated Hourly Salary: 201 ZAR per hour
By working as Actuarial Director a person can save up to 1,463 USD per month or 17,555 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 South Africa, see costs of living in South Africa.
Estimated Yearly Salary for Actuarial Director
Last revision of data: 2025-01-04
Data as of 2025
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Actuarial Director salary in South Africa
Average Yearly Salary of Actuarial Director in South Africa is approximately 417,232 ZAR (20,809 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 Director do?
An actuarial director is a senior-level professional responsible for managing and directing the actuarial department within an organization. They play a crucial role in assessing and managing risks related to insurance, pensions, investments, and other financial products. Actuarial directors oversee the development and implementation of actuarial models, methodologies, and strategies to ensure accurate pricing, reserving, and financial reporting. They collaborate with other departments such as finance, underwriting, and product development to provide insights and recommendations on risk management and profitability.
Skills: Actuarial analysis, Risk management, Financial modeling, Insurance industry, Pension schemes, Strategic planning
Job industry: Insurance
Job industry: Insurance
How much does Actuarial Director make?
Salary details
How much does Actuarial Director make?Estimated Yearly Salary: 417,232 ZAR
Estimated Monthly Salary: 34,769 ZAR
Estimated Weekly Salary: 8,024 ZAR per week
Estimated Hourly Salary: 201 ZAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 402,020 ZAREstimated Monthly Salary: 33,502 ZAR
Estimated Weekly Salary: 7,731 ZAR per week
Estimated Hourly Salary: 193 ZAR per hour
Last revision of data: 2024-01-08Actuarial Director estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 20,809 USD
Estimated Monthly Salary: 1,734 USD
Estimated Weekly Salary: 400 USD per week
Estimated Hourly Salary: 10 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
South Africa is a diverse and vibrant country located at the southernmost tip of the African continent. It has a population of approximately 59 million people and covers an area of around 1.2 million square kilometers. The country is known for its rich cultural heritage, stunning landscapes, and abundant wildlife.
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Director job salary compared to average salary in South Africa.
Comparison shows that a person working as Actuarial Director in South Africa earns on average:
3.29 times the average salary (or 329% of average salary).
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Director job salary compared to average salary in South Africa.
Comparison shows that a person working as Actuarial Director in South Africa earns on average:
3.29 times the average salary (or 329% of average salary).
Is Actuarial Director a well paid job?
Yes, our data show that Actuarial Director 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 Director?
High salary for Actuarial Director would be somewhere between 458,955 ZAR and 604,986 ZAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Actuarial Director in South Africa?
Living in South Africa the approximate monthly expenses are: 271 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: 417,232 ZAR
Estimated Monthly Salary: 34,769 ZAR
Estimated Weekly Salary: 8,024 ZAR per week
Estimated Hourly Salary: 201 ZAR per hour
By working as Actuarial Director a person can save up to 1,463 USD per month or 17,555 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 South Africa, see costs of living in South Africa.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Namibia, Botswana, Zimbabwe, Mozambique, Eswatini, Lesotho. 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 Director
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 South Africa
(1,412,867 ZAR per year, pre-tax.)
2. Cardiologist
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(1,138,908 ZAR per year, pre-tax.)
(1,102,268 ZAR per year, pre-tax.)
5. Neurosurgeon
(1,100,784 ZAR per year, pre-tax.)
(1,077,960 ZAR per year, pre-tax.)
(1,073,792 ZAR per year, pre-tax.)
(1,073,439 ZAR per year, pre-tax.)
9. Oncologist
(1,071,922 ZAR per year, pre-tax.)
10. Urologist
(1,071,632 ZAR per year, pre-tax.)
Data as of 2025Random salary:
Loss prevention supervisor (97,560 ZAR per year, pre-tax.)
Ssrs developer (158,694 ZAR per year, pre-tax.)
Neonatal respiratory therapist (155,725 ZAR per year, pre-tax.)
Ux designer (170,117 ZAR per year, pre-tax.)
It business analyst ii (190,415 ZAR per year, pre-tax.)
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