Insurance Actuary Senior Manager Salary in Palmyra, Maine

The Insurance Actuary Senior 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 Senior 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 Senior 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 Senior Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Working as an Insurance Actuary Senior Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)

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