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Actuary I Salaries in Canada

• What is the average Actuary I salary in Canada?
  How much does an Actuary I in Canada make? The median annual Actuary I salary in Canada is C$76,935, as of December 24, 2024, with a range usually between C$72,004-C$84,015 not including bonus and benefit information and other factors that impact base pay. However, the salary for someone with the title Actuary I may vary depending on a number of factors including industry, company size, location, years of experience and level of education. Our team of Certified Compensation Professionals has analyzed survey data collected from thousands of HR departments at companies of all sizes and industries to present this range of annual salaries for people with the job title Actuary I in Canada.

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• About this chart
  This chart describes the expected percentage of people who perform the job of Actuary I in , that make less than that salary. For example 50% of the people who perform the job of Actuary I in are expected to make less than the median.
  Source: HR Reported data as of December 24, 2024

• Job Description for Actuary I
  Utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Must be currently pursuing the designation of ASA (Associate) in the Society of Actuaries. Typically reports to a manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience. View full job description

• Similar Job titles to Actuary I
  • Actuary II
  • Actuary III
  • Actuary IV
  • Actuary V

• Level of Education
  • Actuary I Salaries with an Associate's Degree
  • Actuary I Salaries with a Bachelor's Degree
  • Actuary I Salaries with a Master's Degree or MBA
  • Actuary I Salaries with a JD, MD, PhD or Equivalent

• Industries that include Actuary I
  • Aerospace & Defense ,
  • Biotechnology ,
  • Business Services ,
  • Chemicals ,
  • Construction ,
  • Edu., Gov't. & Nonprofit ,
  • Energy & Utilities ,
  • Financial Services ,
  • Healthcare ,
  • Hospitality & Leisure ,
  • Insurance ,
  • Internet ,
  • Media ,
  • MFG Durable ,
  • MFG Nondurable ,
  • Pharmaceuticals ,
  • Retail & Wholesale ,
  • Software & Networking ,
  • Telecom ,
  • Transportation

• Categories that include Actuary I
  • Accounting
  • Insurance

• Actuary I Salaries by Province in Canada
  • Alberta
  • British Columbia
  • Manitoba
  • New Brunswick
  • Newfoundland and Labrador
  • Nova Scotia
  • Northwest Territories
  • Nunavut
  • Ontario
  • Prince Edward Island
  • Quebec
  • Saskatchewan
  • Yukon

• Accounting Jobs by Salary Range
  • <$30K
  • $30K–$50K
  • $50K–$80K
  • $80K–$100K
  • >$100K