Home > Salary > South Africa > Assistant Actuarial Analyst
An assistant actuarial analyst is responsible for providing support to the actuarial team in analyzing data, performing calculations, and assisting with risk assessment for insurance companies or financial institutions. They collect and organize data, input it into actuarial models, and assist in developing reports and presentations. They may also assist in pricing insurance policies, determining reserves, and evaluating the financial impact of potential risks.
This role requires strong analytical skills, attention to detail, and proficiency in mathematical and statistical analysis. Assistant actuarial analysts should have a solid understanding of actuarial concepts and be able to effectively communicate complex information to both technical and non-technical stakeholders. They should also possess strong problem-solving abilities and be proficient in using actuarial software and tools.
Estimated Yearly Salary: 177,022 ZAR
Estimated Monthly Salary: 14,752 ZAR
Estimated Weekly Salary: 3,404 ZAR per week
Estimated Hourly Salary: 85 ZAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 14,288 ZAR
Estimated Weekly Salary: 3,297 ZAR per week
Estimated Hourly Salary: 82 ZAR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 8,841 USD
Estimated Monthly Salary: 737 USD
Estimated Weekly Salary: 170 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: 177,022 ZAR
Estimated Monthly Salary: 14,752 ZAR
Estimated Weekly Salary: 3,404 ZAR per week
Estimated Hourly Salary: 85 ZAR per hour
By working as Assistant Actuarial Analyst a person can save up to 466 USD per month or 5,587 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 Assistant Actuarial Analyst
Last revision of data: 2025-01-04
Data as of 2025
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Assistant Actuarial Analyst salary in South Africa
Average Yearly Salary of Assistant Actuarial Analyst in South Africa is approximately 177,022 ZAR (8,841 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 Assistant Actuarial Analyst do?
An assistant actuarial analyst is responsible for providing support to the actuarial team in analyzing data, performing calculations, and assisting with risk assessment for insurance companies or financial institutions. They collect and organize data, input it into actuarial models, and assist in developing reports and presentations. They may also assist in pricing insurance policies, determining reserves, and evaluating the financial impact of potential risks.
This role requires strong analytical skills, attention to detail, and proficiency in mathematical and statistical analysis. Assistant actuarial analysts should have a solid understanding of actuarial concepts and be able to effectively communicate complex information to both technical and non-technical stakeholders. They should also possess strong problem-solving abilities and be proficient in using actuarial software and tools.
Skills: Actuarial analysis, Data analysis, Risk assessment, Insurance industry, Financial analysis, Mathematical modeling
Job industry: Insurance
Job industry: Insurance
How much does Assistant Actuarial Analyst make?
Salary details
How much does Assistant Actuarial Analyst make?Estimated Yearly Salary: 177,022 ZAR
Estimated Monthly Salary: 14,752 ZAR
Estimated Weekly Salary: 3,404 ZAR per week
Estimated Hourly Salary: 85 ZAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 171,460 ZAREstimated Monthly Salary: 14,288 ZAR
Estimated Weekly Salary: 3,297 ZAR per week
Estimated Hourly Salary: 82 ZAR per hour
Last revision of data: 2024-01-03Assistant Actuarial Analyst estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 8,841 USD
Estimated Monthly Salary: 737 USD
Estimated Weekly Salary: 170 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
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 Assistant Actuarial Analyst job salary compared to average salary in South Africa.
Comparison shows that a person working as Assistant Actuarial Analyst in South Africa earns on average:
1.39 times the average salary (or 139% of average salary).
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Assistant Actuarial Analyst job salary compared to average salary in South Africa.
Comparison shows that a person working as Assistant Actuarial Analyst in South Africa earns on average:
1.39 times the average salary (or 139% of average salary).
Is Assistant Actuarial Analyst a well paid job?
Yes, our data shows that Assistant Actuarial Analyst is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Assistant Actuarial Analyst?
High salary for Assistant Actuarial Analyst would be somewhere between 194,724 ZAR and 256,682 ZAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Assistant Actuarial Analyst 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: 177,022 ZAR
Estimated Monthly Salary: 14,752 ZAR
Estimated Weekly Salary: 3,404 ZAR per week
Estimated Hourly Salary: 85 ZAR per hour
By working as Assistant Actuarial Analyst a person can save up to 466 USD per month or 5,587 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 Assistant Actuarial Analyst
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
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Data as of 2025Random salary:
Registered paraplanner (132,658 ZAR per year, pre-tax.)
Water purification systems service technician (74,041 ZAR per year, pre-tax.)
Childcare teacher (44,871 ZAR per year, pre-tax.)
Laboratory assistant ii (77,752 ZAR per year, pre-tax.)
Risk management manager (220,899 ZAR per year, pre-tax.)
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