Actuary Salary in South Africa

Professionals working as Actuary in South Africa earn an average monthly salary of R125 001. The salary range typically spans from R66 667 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.

Actuary Salary Breakdown

A highly skilled professional who uses mathematical, statistical, and financial theories to analyze and manage financial risk. Actuaries are crucial in designing, pricing, and evaluating insurance policies, pension plans, and other financial instruments, ensuring their long-term viability and compliance with industry regulations and standards.

Salary Component	Amount (Monthly)
Minimum Salary	R66 667
Average Salary	R125 001
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)

Extensive experience in actuarial analysis and modeling

Deep understanding of financial markets and insurance products

Exceptional analytical and problem-solving skills

Strong communication skills for conveying complex concepts

Proficiency in actuarial software and programming languages

Ability to work independently and manage complex projects

Related Careers in Finance

Career Title

Avg Salary