How much does an Insurance Actuary Manager make in Palmyra, ME? The average Insurance Actuary Manager salary in Palmyra, ME is $160,450 as of May 28, 2024, but the range typically falls between $144,830 and $177,150. 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 Manager Salary | $130,609 | Palmyra,ME | May 28, 2024 |
25th Percentile Insurance Actuary Manager Salary | $144,830 | Palmyra,ME | May 28, 2024 |
50th Percentile Insurance Actuary Manager Salary | $160,450 | Palmyra,ME | May 28, 2024 |
75th Percentile Insurance Actuary Manager Salary | $177,150 | Palmyra,ME | May 28, 2024 |
90th Percentile Insurance Actuary Manager Salary | $192,354 | Palmyra,ME | May 28, 2024 |
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The Insurance Actuary Manager implements policies and procedures to guide statistical analysis and actuarial research and evaluate the likelihood and financial impact of various risks. Manages the analysis and evaluation of potential risks to determine and manage financial impacts. Being an Insurance Actuary Manager evaluates risk exposure data and calculates appropriate insurance rates, premium levels, and rating systems and structures to provide input on product design. Monitors daily operations to ensure regulatory compliance of products and financial operations. In addition, Insurance Actuary Manager leads the preparation of actuarial reports, financial statements, and regulatory filings. Assists with the development of financial budgets, forecasts, and other financial projections. 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 a director. The Insurance Actuary Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Working as an Insurance Actuary Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
12 + years experience
Bachelor's Degree
5 + years experience
Bachelor's Degree
Bachelor's Degree
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About Palmyra, Maine Palmyra is a town in Somerset County, Maine, United States. The population was 1,986 at the 2010 census. According to the United States Census Bureau,....More
Palmyra, Maine area prices were up 1.6% from a year ago View the Cost of Living in Palmyra, Maine
Insurance Actuary Manager Salary in popular cities: Portland, Lewiston, Bangor