Senior Actuarial Analyst salary in South Africa

Average Yearly Salary of Senior Actuarial Analyst in South Africa is approximately 234,481 ZAR (11,706 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

How much does Senior Actuarial Analyst make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Senior Actuarial Analyst a well paid job?

Yes, our data shows that Senior 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 Senior Actuarial Analyst?

High salary for Senior Actuarial Analyst would be somewhere between 257,929 ZAR and 339,997 ZAR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior 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: 234,481 ZAR
Estimated Monthly Salary: 19,540 ZAR
Estimated Weekly Salary: 4,509 ZAR per week
Estimated Hourly Salary: 113 ZAR per hour
By working as Senior Actuarial Analyst a person can save up to 704 USD per month or 8,452 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 Senior Actuarial Analyst

Last revision of data: 2025-01-04

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 +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 increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in South Africa

Data as of 2025

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