As of April 01, 2025, the average annual salary for an Insurance Actuary Director in Buffalo, NY is $226,490. Salary.com reports that pay typically ranges from $209,890 to $237,890, with most professionals earning between $194,777 and $248,269.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $237,890 | $19,824 | $4,575 | $114 |
| Average | $226,490 | $18,874 | $4,356 | $109 |
| 25th Percentile | $209,890 | $17,491 | $4,036 | $101 |
An entry-level Insurance Actuary Director with under 1 year experience makes about $216,306. With less than 2 years of experience, a mid-level Insurance Actuary Director makes around $217,796. After 2-4 years, the Insurance Actuary Director pay rises to about $219,782. Those senior Insurance Actuary Director with 5-8 years of experience earn roughly $222,265, and those Insurance Actuary Director having 8 years or more experience are expected to earn about $224,747 on average.
| Levels | Salary |
|---|---|
| Entry Level Insurance Actuary Director | $216,306 |
| Intermediate Level Insurance Actuary Director | $217,796 |
| Senior Level Insurance Actuary Director | $219,782 |
| Specialist Level Insurance Actuary Director | $222,265 |
| Expert Level Insurance Actuary Director | $224,747 |
| Entry Level | 4% |
| Mid Level | 4% |
| Senior Level | 3% |
| Top Level | 2% |
| Experienced | 1% |
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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.
Consulting: Providing technical or business expertise and advice to internal or external clients.
Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
Client Relationship: Client relationship managemen is focused on building relationships with clients to ensure that their needs are met, they are satisfied with the services and/or products provided by the company.
| Skill | Salary | Demand |
|---|---|---|
|
Building Regulations
|
$251,404 |
11%
|
|
Persuasion
|
$249,139 |
10%
|
|
Billing
|
$249,139 |
10%
|
|
Networking
|
$246,874 |
9%
|
|
Leadership Development
|
$246,874 |
9%
|
|
Balance Sheet
|
$244,609 |
8%
|
