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Gross monthly salary in Nigeria is
200K
300K
 
10% earn less 114K NGN
10% earns more 354K NGN
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Description of job position

  • Monitoring the insurance market, developing new products and proposing changes of existing products.
  • Formulating insurance contracts, insurance conditions and special arrangements.
  • Determining premium tariffs, the amount of technical provisions in life insurance and supplementary insurance.
  • Preparing and updating technical business plans and manuals.
  • Preparing documents for the implementation of changes related to product innovation in the information system.
  • Creating and updating computer programs for distribution networks, pricing, taxation and technical changes in life insurance.
  • Testing the profitability of products.
  • Preparing personalised insurance offers.
  • Preparing documents for the assessment of non-standard changes in life insurance.
  • Performing and ensuring activities related to financial funds in investment life insurance.
  • Preparing documentation and participating in conducting methodological trainings for distribution networks.
  • Preparing documentation for accounting, the National Bank of Slovakia, auditors, shareholders and other entities, preparing periodic reports for the reinsurer.
  • Providing expert consultation on life insurance products to other units of the company.

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Position Actuary - Insurance in the labour market

In the salary ranking,
the job position takes

Women representation in position

Average age of respondent by position

759. place

Nursery School Teacher Assistant

Education, Science & Research

Salary group 1

45,648 - 100,755 NGN

123. place

Risk Specialist

Banking

Salary group 2

111,985 - 354,135 NGN

122. place

Actuary

Insurance

Salary group 2

113,954 - 354,132 NGN

121. place

Telecommunications Service Development Specialist

Telecommunications

Salary group 2

121,284 - 347,109 NGN

1. place

Chief Executive Officer

Top Management

Salary group 3

207,021 - 1,215,488 NGN

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  • Salary on position by region*, education, practice, business size
  • Total salary and its components* (variable component, commissions, rewards)
  • Responder distribution to payroll
  • Salary ranges expressed by 1st decile, 1st quartile, median, 3rd quartile, 9th decile, and average wage.
  • Detailed breakdown of all monitored non-financial benefits provided*
  • Financial benefit analysis*
  • * available when regression model is used