How much does an Actuarial Operations Director make in Arkansas? The average Actuarial Operations Director salary in Arkansas is $254,930 as of April 24, 2024, but the range typically falls between $222,800 and $286,800. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
Percentile | Salary | Location | Last Updated |
10th Percentile Actuarial Operations Director Salary | $193,547 | AR | April 24, 2024 |
25th Percentile Actuarial Operations Director Salary | $222,800 | AR | April 24, 2024 |
50th Percentile Actuarial Operations Director Salary | $254,930 | AR | April 24, 2024 |
75th Percentile Actuarial Operations Director Salary | $286,800 | AR | April 24, 2024 |
90th Percentile Actuarial Operations Director Salary | $315,816 | AR | April 24, 2024 |
The Actuarial Operations Director oversees the analysis and evaluation of potential risks to determine the financial impacts of new or existing insurance plans. Directs the activities of an organization's actuarial function. Being an Actuarial Operations Director designs processes and guidelines to ensure regulatory compliance of products and financial operations. Develops policies, procedures, and formulas to guide statistical analysis and actuarial research and evaluate the likelihood and financial impact of various risks. In addition, Actuarial Operations Director leads the design and development of insurance products by evaluating and approving insurance rates, premium levels, and rating systems and structures. Oversees the preparation of actuarial reports, financial statements, and regulatory filings and develops financial budgets, forecasts, and other financial projections. Researches and selects major rating assumptions to support accurate statistical analysis and evaluates the effectiveness of existing formulas. Evaluates product performance against established profitability targets and recommends modifications. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. May require Associate of Society of Actuaries (ASA). May require Fellow of Society of Actuaries (FSA). Typically reports to senior management. The Actuarial Operations Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Working as an Actuarial Operations Director typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2024 Salary.com)
Bachelor's Degree
Bachelor's Degree
Bachelor's Degree
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Location | Avg. Salary | Date Updated |
---|---|---|
Location Texarkana, AR | Avg. Salary $254,361 | Date Updated April 24, 2024 |
Location Adona, AR | Avg. Salary $254,641 | Date Updated April 24, 2024 |
Location Alexander, AR | Avg. Salary $256,879 | Date Updated April 24, 2024 |
Location Alicia, AR | Avg. Salary $260,237 | Date Updated April 24, 2024 |
Location Alix, AR | Avg. Salary $242,888 | Date Updated April 24, 2024 |
Location Alleene, AR | Avg. Salary $253,801 | Date Updated April 24, 2024 |
Location Alma, AR | Avg. Salary $244,007 | Date Updated April 24, 2024 |
Location Almyra, AR | Avg. Salary $247,925 | Date Updated April 24, 2024 |
Location Alpena, AR | Avg. Salary $252,402 | Date Updated April 24, 2024 |
Location Alpine, AR | Avg. Salary $251,283 | Date Updated April 24, 2024 |
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About Arkansas Arkansas (/ˈɑːrkənsɔː/ AR-kən-saw)[c] is a state in the southern region of the United States, home to over 3 million people as of 2018. Its name is of....More
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