Actuarial Consultant Salary in South Africa

The Actuarial Consultant profession in South Africa presents compelling financial opportunities with average earnings of R650 000 monthly. Compensation varies from R87 500 for newcomers to R850 000 for seasoned experts. With 6% projected sector expansion and high demand levels, this finance career offers solid long-term prospects.

Actuarial Consultant Salary Breakdown

Provides expert actuarial advice to a diverse range of clients, including insurance companies, pension funds, and government agencies. This role involves assessing and managing financial risks, developing complex models, and offering strategic insights to help clients make informed decisions regarding their financial products and long-term liabilities.

Salary Component	Amount (Monthly)
Minimum Salary	R87 500
Average Salary	R650 000
Maximum Salary	R850 000
Category	Finance
Growth Rate	6%
Market Demand	High

Requirements & Qualifications

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

Qualified Actuary (Fellow of ASSA or equivalent)

Extensive experience in actuarial practice, preferably in consulting

Exceptional analytical and problem-solving capabilities

Strong client management and business development skills

Excellent communication and presentation abilities

Deep understanding of regulatory frameworks and industry trends

Proficiency in various actuarial software and modeling tools

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Career Title

Avg Salary