Director, Purchasing Salary at Jackson National Life Insurance Co BETA

How much does a Jackson National Life Insurance Co Director, Purchasing make?

As of December 2024, the average annual salary for a Director, Purchasing at Jackson National Life Insurance Co is $189,753, which translates to approximately $91 per hour. Salaries for Director, Purchasing at Jackson National Life Insurance Co typically range from $171,597 to $207,734, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Jackson National Life Insurance Co Overview

Website:
jackson.com
Size:
1,000 - 3,000 Employees
Revenue:
$10B - $50B
Industry:
Insurance

Founded in 1961, Jackson National is a U.S. company that offers annuities for retail investors and fixed income products for institutional investors also offering specialized asset management and retail brokerage services. Jackson National is located in Michigan.

See similar companies related to Jackson National Life Insurance Co

What Skills Does a person Need at Jackson National Life Insurance Co?

At Jackson National Life Insurance Co, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Procurement: Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Procurement is used to ensure the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are compared. Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing risks such as exposure to fraud and collusion. Almost all purchasing decisions include factors such as delivery and handling, marginal benefit, and price fluctuations. Procurement generally involves making buying decisions under conditions of scarcity. If sound data is available, it is good practice to make use of economic analysis methods such as cost-benefit analysis or cost-utility analysis.
  2. Purchasing: Purchasing refers to a business or organization attempting to acquire goods or services to accomplish its goals. Although there are several organizations that attempt to set standards in the purchasing process, processes can vary greatly between organizations. Typically the word “purchasing” is not used interchangeably with the word “procurement”, since procurement typically includes expediting, supplier quality, and transportation and logistics (T&L) in addition to purchasing.
  3. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  4. Supply chain: A supply chain encompasses everything from the delivery of source materials from the supplier to the manufacturer through to its eventual delivery to the end user.
  5. Strategic sourcing: Identifying spend profiles and developing channels to acquire the optimum value of supplies that align with organizational goals.

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Check more jobs information at Jackson National Life Insurance Co

Job Title Average Jackson National Life Insurance Co Salary Hourly Rate
2 Unix Systems Administrator $85,741 $41
3 Vice President, Operations $350,248 $168
4 WareHouse $75,872 $36
5 Web Developer $99,910 $48
6 Web Developer II $102,447 $49
7 Worker $66,011 $32
8 Account Manager, Internal $69,434 $33
9 Actuarial Assistant $200,378 $96
10 Adjunct Professor $117,419 $56
11 Admin Assistant $50,101 $24
12 Agile Product Owner $109,776 $53
13 ALM Analyst $98,735 $47

Hourly Pay at Jackson National Life Insurance Co

The average hourly pay at Jackson National Life Insurance Co for a Director, Purchasing is $91 per hour. The location, department, and job description all have an impact on the typical compensation for Jackson National Life Insurance Co positions. The pay range and total remuneration for the job title are shown in the table below. Jackson National Life Insurance Co may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $189,753 look to you?

FAQ about Salary and Jobs at Jackson National Life Insurance Co

1. How much does Jackson National Life Insurance Co pay per hour?
The average hourly pay is $91. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Jackson National Life Insurance Co?
According to the data, the highest approximate salary is about $207,734 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Jackson National Life Insurance Co?
According to the data, the lowest estimated salary is about $171,597 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.