Actuarial Manager Salary in South Africa

Professionals working as Actuarial Manager in South Africa earn an average monthly salary of R108 333. The salary range typically spans from R81 000 for entry-level positions to R900 000 for experienced professionals. This finance role shows strong market potential with 6% projected growth and high industry demand.

Actuarial Manager Salary Breakdown

Leads and manages a team of actuaries, overseeing complex actuarial projects and ensuring the accuracy and integrity of financial risk assessments. This role involves strategic planning, resource allocation, mentoring junior staff, and collaborating with senior leadership to drive financial decisions and meet regulatory compliance standards within the organization.

Salary Component	Amount (Monthly)
Minimum Salary	R81 000
Average Salary	R108 333
Maximum Salary	R900 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)

Proven experience in actuarial management and team leadership

Strong strategic thinking and decision-making abilities

Excellent project management and organizational skills

In-depth knowledge of actuarial principles and regulatory requirements

Exceptional communication and interpersonal skills

Ability to mentor and develop actuarial talent

Related Careers in Finance

Career Title

Avg Salary