Actuarial Analyst Salary in South Africa

The Actuarial Analyst profession in South Africa presents compelling financial opportunities with average earnings of R91 176 monthly. Compensation varies from R45 695 for newcomers to R750 000 for seasoned experts. With 7% projected sector expansion and high demand levels, this finance career offers solid long-term prospects.

Actuarial Analyst Salary Breakdown

Supports senior actuaries by performing data analysis, building models, and preparing reports related to financial risk. This role involves applying statistical methods to evaluate insurance policies, pension plans, and other financial products, contributing to the assessment of liabilities and the development of sound financial strategies for clients.

Salary ComponentAmount (Monthly)
Minimum SalaryR45 695
Average SalaryR91 176
Maximum SalaryR750 000
CategoryFinance
Growth Rate7%
Market DemandHigh

Requirements & Qualifications

Bachelor's Degree in Actuarial Science, Mathematics, or Statistics
Strong analytical and problem-solving skills
Enrolment in or progress towards actuarial exams
Proficiency in Excel, statistical software (e.g., R, SAS), and programming (e.g., Python)
Excellent attention to detail and accuracy
Ability to interpret complex data and communicate findings
Understanding of insurance principles and financial concepts
Strong written and verbal communication skills

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