Sign Up | TalentUp /insights/salary/ /insights/salary/
Add 5 companies.
Search History:
Your saved searches will be available here, click them to search directly.
Search Salaries > Actuary > Nicosia
Job Description

How much does a Actuary in Nicosia make?

The base salary for a Actuary in Nicosia is 46,800
Also known as: actuarial consultant, actuaries, actuarial analyst, actuarial clerks, actuarial analysts, health actuary, actuarial adviser, actuarial advisor, insurance actuaries, actuarial mathematicians, health actuaries, actuarial clerk, actuarial mathematician, consulting actuary, insurance actuary, actuarial advisors, consulting actuaries, actuary.

46,800

Median Base Salary (Percentile 50)
38 observations
(Updated: 24 Jan 2025)

Confidence

Good

Avg. Bonus per year

Of avg. Stock options

Avatar
Salary Table

A Actuary earns a median base salary of 46,800 in Nicosia, but the base salary ...

Log in to view data
Level Below median
(25th percentile)		 Market median
(50th percentile)		 Above median
(75th percentile)		 Top Competitive
(90th percentile)
Junior 60000 60000 60000 60000
Mid 60000 60000 60000 60000
Senior 60000 60000 60000 60000
Lead 60000 60000 60000 60000
How would you rate this data?
Bonus & Stock options

The role Actuary in Nicosia usually comes with bonuses and the possibility of accessing stock options. Both must be added to ...

Log in to view data
Level Min Avg Max
Junior 60000 60000 60000
Mid 60000 60000 60000
Senior 60000 60000 60000
Lead 60000 60000 60000
Log in to view data
Experience Min Avg Max
Junior 60000 60000 60000
Mid 60000 60000 60000
Senior 60000 60000 60000
Lead 60000 60000 60000

Supply and demand

Highly supplied position in a highly demanded market
Supply | (<100 professionals)
Demand | (<100 job offers)

Gender gap

Unbalanced

Male

68%

Female

32%

Benefits

There are statutory benefits associated with a Actuary in Nicosia according to ...

Most Common Benefits

Competitive advantages associated with a Actuary in Nicosia
Health insurance in Cyprus provides employees with access to a range of medical services, including hospital visits, specialist consultations, and prescription medication. Companies offering health insurance can attract top talent by ensuring their employees have comprehensive healthcare coverage, which can lead to increased job satisfaction and productivity.
Providers: Cyprus Health Insurance Organization / Universal Life / Eurolife
Providing free snacks in the workplace is a simple yet effective way to boost employee morale and productivity. It keeps employees energized and can serve as a small token of appreciation. In Cyprus, where food culture is rich and diverse, offering a variety of snacks can enhance the workplace atmosphere and cater to different tastes.
Relocation packages in Cyprus cover moving costs, temporary housing, and travel to help employees transition smoothly. They attract top talent and show the company's commitment to employee satisfaction by supporting their relocation needs.
Professional development programs in Cyprus offer employees the opportunity to enhance their skills and advance their careers. These programs can include workshops, seminars, and courses that are either fully or partially funded by the employer. Investing in professional development helps companies retain skilled employees and maintain a competitive edge in the industry.

Side Benefits to attract & retain talent

Additional perks for a Actuary in Nicosia
Company Car
Gym
Work From Home

Statutory Benefits

Mandatory benefits in Nicosia
Cyprus offers several immigration options for foreign nationals, including the EU Intracompany Transferee Permit and the Employment Permit for Local Hires.
Employer payroll contributions include Social Insurance (8.80% on salary up to 66,612 EUR), Social Cohesion Fund (2.00%), Severance Fund (1.20% on salary up to 66,612 EUR), Training and Development (0.50% on salary up to 66,612 EUR), and National Health System (GESY) (2.90% on salary up to 180,000 EUR).
Employee income tax rates are 0% up to 19,500 EUR, 20% from 19,500 EUR to 28,000 EUR, 25% from 28,000 EUR to 36,300 EUR, 30% from 36,300 EUR to 60,000 EUR, and 35% over 60,000 EUR.
The National Minimum Wage is set at 940 EUR per month, with a reduced rate of 885 EUR for the first six months of employment.
The standard workweek in Cyprus consists of 40 hours across five days (8 hours per day), although a six-day week is possible. Overtime is paid at a compensation rate as stipulated in the Employment Contract or applicable Collective Bargaining Agreement.
The payroll cycle in Cyprus is generally monthly, with payments made no later than the last working day of the month. It is customary to pay a 13th salary in December.
Employee payroll contributions include Social Insurance (8.80% on salary up to 66,612 EUR) and National Health System (GESY) (2.65% on salary up to 180,000 EUR).
Cyprus observes approximately 15 public holidays each year.
Eligible employees can take unpaid parental leave of up to eighteen weeks for each child under the age of 8.
Female employees are entitled to 18 weeks of maternity leave for the first child, 22 weeks for the second, and 26 weeks for subsequent children, with a maternity allowance of up to 100% of salary depending on dependents.
Standard leave entitlement is 20 working days per year for a five-day week and 24 days for a six-day week. Leave can be carried over by mutual agreement, capped at 40 or 48 days over a two-year period.
Employees are entitled to paid sick leave from the fourth day of sickness, paid by Social Security, covering up to 312 days at 60% of salary.
Fathers are entitled to 2 consecutive weeks of paid paternity leave within the 16 weeks following the birth of a child, paid by the Social Insurance Fund at 75.20% of the employee’s regular salary.
Probationary periods in Cyprus are between six months and two years, depending on the role and employment agreement.
Severance pay varies: 2 weeks for each year up to 4 years, 2.5 weeks for 5-10 years, up to 4 weeks for over 20 years.
Notice period depends on length of employment: 1 week for 26-51 weeks, 2 weeks for 52-103 weeks, up to 8 weeks for 312 weeks or more.