Home > Salary > South Africa > Senior Actuarial Associate
A senior actuarial associate is a professional who works in the field of actuarial science, which involves analyzing and managing financial risks using mathematical and statistical methods. They are responsible for conducting complex data analysis, developing and maintaining actuarial models, and providing insights and recommendations to help organizations make informed decisions regarding insurance policies, investments, and financial planning.
Senior actuarial associates typically have several years of experience in the field and are expected to have advanced knowledge of actuarial principles, practices, and regulations. They collaborate with cross-functional teams, including underwriters, finance professionals, and executives, to assess risk exposure and develop strategies to mitigate potential losses. They also play a key role in regulatory compliance and financial reporting.
Estimated Yearly Salary: 260,054 ZAR
Estimated Monthly Salary: 21,671 ZAR
Estimated Weekly Salary: 5,001 ZAR per week
Estimated Hourly Salary: 125 ZAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 20,938 ZAR
Estimated Weekly Salary: 4,832 ZAR per week
Estimated Hourly Salary: 121 ZAR per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 13,041 USD
Estimated Monthly Salary: 1,087 USD
Estimated Weekly Salary: 251 USD per week
Estimated Hourly Salary: 6 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: 260,054 ZAR
Estimated Monthly Salary: 21,671 ZAR
Estimated Weekly Salary: 5,001 ZAR per week
Estimated Hourly Salary: 125 ZAR per hour
By working as Senior Actuarial Associate a person can save up to 816 USD per month or 9,787 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 Senior Actuarial Associate
Last revision of data: 2025-01-04
Data as of 2025
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Senior Actuarial Associate salary in South Africa
Average Yearly Salary of Senior Actuarial Associate in South Africa is approximately 260,054 ZAR (13,041 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 Associate do?
A senior actuarial associate is a professional who works in the field of actuarial science, which involves analyzing and managing financial risks using mathematical and statistical methods. They are responsible for conducting complex data analysis, developing and maintaining actuarial models, and providing insights and recommendations to help organizations make informed decisions regarding insurance policies, investments, and financial planning.
Senior actuarial associates typically have several years of experience in the field and are expected to have advanced knowledge of actuarial principles, practices, and regulations. They collaborate with cross-functional teams, including underwriters, finance professionals, and executives, to assess risk exposure and develop strategies to mitigate potential losses. They also play a key role in regulatory compliance and financial reporting.
Skills: Senior Actuarial Associate, Actuarial Science, Risk Analysis, Financial Modeling, Insurance, Data Analysis
Job industry: Insurance
Job industry: Insurance
How much does Senior Actuarial Associate make?
Salary details
How much does Senior Actuarial Associate make?Estimated Yearly Salary: 260,054 ZAR
Estimated Monthly Salary: 21,671 ZAR
Estimated Weekly Salary: 5,001 ZAR per week
Estimated Hourly Salary: 125 ZAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 251,260 ZAREstimated Monthly Salary: 20,938 ZAR
Estimated Weekly Salary: 4,832 ZAR per week
Estimated Hourly Salary: 121 ZAR per hour
Last revision of data: 2024-01-06Senior Actuarial Associate estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 13,041 USD
Estimated Monthly Salary: 1,087 USD
Estimated Weekly Salary: 251 USD per week
Estimated Hourly Salary: 6 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 Senior Actuarial Associate job salary compared to average salary in South Africa.
Comparison shows that a person working as Senior Actuarial Associate in South Africa earns on average:
2.05 times the average salary (or 205% of average salary).
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Senior Actuarial Associate job salary compared to average salary in South Africa.
Comparison shows that a person working as Senior Actuarial Associate in South Africa earns on average:
2.05 times the average salary (or 205% of average salary).
Is Senior Actuarial Associate a well paid job?
Yes, our data show that Senior Actuarial Associate 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 Associate?
High salary for Senior Actuarial Associate would be somewhere between 286,059 ZAR and 377,078 ZAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Actuarial Associate 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: 260,054 ZAR
Estimated Monthly Salary: 21,671 ZAR
Estimated Weekly Salary: 5,001 ZAR per week
Estimated Hourly Salary: 125 ZAR per hour
By working as Senior Actuarial Associate a person can save up to 816 USD per month or 9,787 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 Associate
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:
Environmental health supervisor (113,303 ZAR per year, pre-tax.)
Organizational development manager (173,876 ZAR per year, pre-tax.)
Audiovisual production specialist (110,459 ZAR per year, pre-tax.)
Infrastructure project manager (244,652 ZAR per year, pre-tax.)
Water polo coach (96,490 ZAR per year, pre-tax.)
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