Insurance

Actuary

Net salary for Montenegro is

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80% of people earn:

776 - 2,305 USD

10% earn less lthan 776 USD

10% earns more than 2,305 USD

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What does the data in the graph mean?

Salaries in the survey are expressed in gross.

Based on the Montenegro.paylab.com salary survey, 80% of people on the Actuary position in the Montenegro earn between 776 USD and 2,305 USD monthly gross.

10% of employees earn less than 776 USD and 10% of people earn more than 2,305 USD.

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.

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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

63. place

Women representation in position

n/a

Average age of respondent by position

n/a

491. place

Tailor

Textile, Leather, Apparel Industry

511 - 685 USD

64. place

Branch Director

Banking

770 - 2,305 USD

63. place

Actuary

Insurance

776 - 2,305 USD

62. place

Quality Control/ISO Manager

Top Management

526 - 2,699 USD

1. place

Chief Executive Officer

Top Management

1,187 - 5,604 USD

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Salary for the position by region, education, experience, company size, age
Distribution of respondents into wage bands
Salary range from 1st to 9th decile
A breakdown of all monitored non-financial benefits
Analysis of financial benefits

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