How much does an Actuarial Principal make in the United States? The average Actuarial Principal salary in the United States is $131,180 as of May 31, 2019, but the range typically falls between $118,710 and $144,510. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. View the Cost of Living in Major Cities
The Actuarial Principal applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Conducts analysis, pricing and risk assessment to estimate financial outcomes. Being an Actuarial Principal requires a bachelor's degree. Develops probability tables regarding fire, death, unemployment, etc. based on analysis of statistical data and other pertinent information. In addition, Actuarial Principal typically reports to a manager. Requires Associate of the Casualty Actuarial Society (ACAS). Being an Actuarial Principal works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. Works autonomously. Goals are generally communicated in solution or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Working as an Actuarial Principal typically requires 10+ years of related experience. (Copyright 2019 Salary.com)
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Includes base and annual incentives