How much does a Chief Consulting Actuary make in the United States? The average Chief Consulting Actuary salary in the United States is $162,710 as of September 26, 2019, but the range typically falls between $148,440 and $178,800. 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 Chief Consulting Actuary applies probability and statistics to determine rates for retirement, accident, mortality, disability and other insurance rates. Responsible for applying mathematical analyses and financial principles to amend insurance problems. Being a Chief Consulting Actuary typically works in either property and casualty, life and health insurance, or defined benefit plans. Determines premiums, designs insurance plans, creates probability charts and may aid in the calculation of necessary funds to ensure future payments of benefits. In addition, Chief Consulting Actuary typically requires a bachelor's degree of statistics, mathematics, economics, or related. Typically reports to an executive or a manager. Requires Fellow of the Casualty Actuarial Society (FCAS). Chief Consulting Actuary's years of experience requirement may be unspecified. Certification and/or licensing in the position's specialty is the main requirement. (Copyright 2019 Salary.com)
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Includes base and annual incentives