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Horseshoe Bay in Bermuda
Horseshoe Bay in Bermuda
Horseshoe Bay in Bermuda

Bermuda Expat Forum

Salary for Fellow Actuary

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Bestactman
5/19/2021 00:27 EST

Hi,

I have been offered a job as actuary in Reinsurance. The compensation package total is around 160k net of all the insurance and tax and including housing allowance.

I don’t know if it is a fair offer based on the living cost and market average for a 5+ year experience P&C qualified actuary on the island.

I think it is a great opportunity to explore and I understand the salary depends on many factors. Just want to have a broad understanding if the offer is reasonable. I just don’t want to end up with a position that’s underpaid by more than 20% just because I didn’t negotiate.

Any idea if I am getting a fair/great/not making sense offer? Thanks.

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0abuse

Actuary
10/4/2021 09:48 EST

Is that including bonus? It seems a little low if so.

If you are a qualified actuary with 5 years experience then a total compensation of around $200k would seem fair to me. But it really does depend on the company and the role.

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0abuse

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rahmank
5/19/2021 06:50 EST

Are you happy with the offer?
Then it is a fair salary

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0abuse

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