How much does an Insurance Actuary Director make in Alachua, FL? The average Insurance Actuary Director salary in Alachua, FL is $252,990 as of April 24, 2024, but the range typically falls between $221,090 and $284,590. 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.
Percentile | Salary | Location | Last Updated |
10th Percentile Insurance Actuary Director Salary | $192,047 | Alachua,FL | April 24, 2024 |
25th Percentile Insurance Actuary Director Salary | $221,090 | Alachua,FL | April 24, 2024 |
50th Percentile Insurance Actuary Director Salary | $252,990 | Alachua,FL | April 24, 2024 |
75th Percentile Insurance Actuary Director Salary | $284,590 | Alachua,FL | April 24, 2024 |
90th Percentile Insurance Actuary Director Salary | $313,360 | Alachua,FL | April 24, 2024 |
The Insurance Actuary 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 Insurance Actuary 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, Insurance Actuary 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 Insurance Actuary 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 Insurance Actuary 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
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Actuarial Services Manager | Experience 5 + | EducationBachelors | Salary Compared to This Job |
Job Title Actuarial Services Senior Manager | Experience | EducationBachelors | Salary Compared to This Job |
Job Title Contracts Administration Director | Experience | EducationBachelors | Salary Compared to This Job |
Job Title Customer Service Director | Experience | EducationBachelors | Salary Compared to This Job |
Job Title Legal Services Director | Experience | EducationJD | Salary Compared to This Job |
Take just three simple steps below to generate your own personalized salary report
Core compensation
Includes base and annual incentives
About Alachua, Florida Alachua (/əˈlætʃueɪ/ ə-LATCH-oo-ay) is a city in Alachua County, Florida, United States. According to the 2010 U.S. Census, the city's population was ....More
Alachua, Florida area prices were up 1.5% from a year ago View the Cost of Living in Alachua, Florida
Insurance Actuary Director Salary in popular cities: Jacksonville, Miami, Tampa
Jobs with a similar salary range to Insurance Actuary Director : Actuarial Director, Actuarial Manager, Actuarial Pricing Manager
Jobs with a similar salary range to Insurance Actuary Director : Family Medicine Hospitalist