Insurance

Actuary

Average gross salary in Burkina Faso is

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80% of people earn:

213K - 624K CFA

10% earn less lthan 213K CFA

10% earns more than 624K CFA

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What does the data in the graph mean?

Salaries in the survey are expressed in gross.

Based on the Burkinafaso.paylab.com salary survey, 80% of people on the Actuary position in the Burkina Faso earn between 212,884 CFA and 623,579 CFA monthly net.

10% of employees earn less than 212,884 CFA and 10% of people earn more than 623,579 CFA.

The survey is based on data from employees, cleaned of extreme and duplicate values.

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.

The most common career path of an employee

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Position Actuary - Insurance in the labour market

In the salary ranking,
the job position takes

96. place

Women representation in position

n/a

Average age of respondent by position

n/a

655. place

Account Manager

Banking

68,643 - 207,082 CFA

97. place

Production Manager

Management

169,454 - 682,489 CFA

96. place

Actuary

Insurance

212,884 - 623,579 CFA

95. place

Game developer

Information Technology

177,400 - 675,402 CFA

1. place

Chief Executive Officer

Top Management

353,603 - 1,749,437 CFA

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