How much does an Actuarial Fellow make in South Dakota? The average Actuarial Fellow salary in South Dakota is $161,357 as of March 26, 2024, but the range typically falls between $146,949 and $177,259. 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.

Actuarial Fellow Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Actuarial Fellow Salary $133,831 SD March 26, 2024
25th Percentile Actuarial Fellow Salary $146,949 SD March 26, 2024
50th Percentile Actuarial Fellow Salary $161,357 SD March 26, 2024
75th Percentile Actuarial Fellow Salary $177,259 SD March 26, 2024
90th Percentile Actuarial Fellow Salary $191,737 SD March 26, 2024
25% $146,949 10% $133,831 90% $191,737 75% $177,259 $161,357 50%(Median) Didn’t find job title? Click
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What skills does an Actuarial Fellow need?

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.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

SQL: Structured Query Language) is a domain-specific language used in programming and designed for managing data held in a relational database management system (RDBMS), or for stream processing in a relational data stream management system (RDSMS).

3.

Change Management: Change management (sometimes abbreviated as CM) is a collective term for all approaches to prepare , support and help individuals, teams, and organizations in making organizational change. The most common change drivers include: technological evolution, process reviews, crisis, and consumer habit changes; pressure from new business entrants, acquisitions, mergers, and organizational restructuring. It includes methods that redirect or redefine the use of resources, business process, budget allocations, or other modes of operation that significantly change a company or organization. Organizational change management (OCM) considers the full organization and what needs to change, while change management may be used solely to refer to how people and teams are affected by such organizational transition. It deals with many different disciplines, from behavioral and social sciences to information technology and business solutions.

Analysis 8.34%
SQL 1.73%
Change Management 1.05%
Others 88.88%

Job Description for Actuarial Fellow

Actuarial Fellow utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Being an Actuarial Fellow assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Additionally, Actuarial Fellow 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. Requires Fellow of Society of Actuaries (FSA). Typically reports to a manager. To be an Actuarial Fellow typically requires 12+ years of related experience. Achievement and depth of knowledge of specialization or field is the main differentiator. Advisory role on complex and challenging projects and initiatives. Recognized for deep technical and industry knowledge and innovative thinking. Provides thought leadership and guidance to a functional area and the organization. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Actuarial Fellow in South Dakota

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Location Avg. Salary Date Updated
Location Deadwood, SD Avg. Salary $157,049 Date Updated March 26, 2024
Location Pierre, SD Avg. Salary $151,126 Date Updated March 26, 2024
Location Watertown, SD Avg. Salary $160,280 Date Updated March 26, 2024
Location Aberdeen, SD Avg. Salary $148,434 Date Updated March 26, 2024
Location Agar, SD Avg. Salary $148,434 Date Updated March 26, 2024
Location Akaska, SD Avg. Salary $148,434 Date Updated March 26, 2024
Location Alcester, SD Avg. Salary $159,203 Date Updated March 26, 2024
Location Alexandria, SD Avg. Salary $160,280 Date Updated March 26, 2024
Location Allen, SD Avg. Salary $157,049 Date Updated March 26, 2024
Location Alpena, SD Avg. Salary $154,357 Date Updated March 26, 2024

Career Path for Actuarial Fellow

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Actuarial Fellow, the upper level is Actuarial Services Manager and then progresses to Actuarial Services Senior Manager.

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Jobs with a similar salary range to Actuarial Fellow : Consulting Actuary

Actuarial Fellow Salary in South Dakota
Actuarial Fellow Salary Graph, Regional Distribution and Summary