Actuarial Professional Salary in South Africa

The average monthly salary for an Actuarial Professional in South Africa is R109 722. This finance profession offers competitive compensation with salaries ranging from R48 000 to R800 000 monthly. With a 7% growth rate and high market demand, this career path presents excellent opportunities for professionals seeking advancement in the finance sector.

Actuarial Professional Salary Breakdown

Applies mathematical and statistical methods to assess risk in insurance, finance, and other industries. This role involves analyzing data, building models, and providing expert advice on financial security systems, ensuring the long-term solvency and profitability of various financial products and schemes through rigorous quantitative analysis.

Salary Component	Amount (Monthly)
Minimum Salary	R48 000
Average Salary	R109 722
Maximum Salary	R800 000
Category	Finance
Growth Rate	7%
Market Demand	High

Requirements & Qualifications

Bachelor's Degree in Actuarial Science, Mathematics, or Statistics

Strong quantitative and analytical skills

Progress towards actuarial exams (e.g., ASSA, IFoA)

Proficiency in statistical software and programming languages (e.g., R, Python)

Excellent problem-solving abilities and attention to detail

Strong communication skills for presenting complex data

Understanding of financial products and risk management principles

Ability to work with large datasets and complex models

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Career Title

Avg Salary