How much does an Actuarial Services Director make in the United States? The average Actuarial Services Director salary in the United States is $281,297 as of June 27, 2024, but the range typically falls between $245,844 and $316,471. 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. 

Actuarial Services Director Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Actuarial Services Director Salary $213,566 US June 27, 2024
25th Percentile Actuarial Services Director Salary $245,844 US June 27, 2024
50th Percentile Actuarial Services Director Salary $281,297 US June 27, 2024
75th Percentile Actuarial Services Director Salary $316,471 US June 27, 2024
90th Percentile Actuarial Services Director Salary $348,495 US June 27, 2024
25% $245,844 10% $213,566 90% $348,495 75% $316,471 $281,297 50%(Median) Didn’t find job title? Click
Change Search Criteria

What skills does an Actuarial Services Director need?

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.

1.

Consulting: Providing technical or business expertise and advice to internal or external clients.

2.

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.

3.

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.

Consulting 3.6%
Underwriting 3.08%
Client Relationship 1.29%
Others 92.03%
download asset banner
Facing Salary Structure Challenges? Let Our Expert Guide You
The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.
We will handle your contact details in line with our Privacy Policy. If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.

Job Description for Actuarial Services Director

Actuarial Services Director directs the activities of an organization's actuarial function. Oversees the analysis and evaluation of potential risks to determine the financial impacts of new or existing insurance plans. Being an Actuarial Services Director develops policies, procedures, and formulas to guide statistical analysis and actuarial research and evaluate the likelihood and financial impact of various risks. Designs processes and guidelines to ensure regulatory compliance of products and financial operations. Additionally, Actuarial Services 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 Actuarial Services 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. To be an Actuarial Services 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)... View full job description

Employers: Job Description Management Tool

See user submitted job responsibilities for Actuarial Services Director.

Salary.com job board provides millions of Actuarial Services Director information for you to search for. Click on search button below to see Actuarial Services Director job openings or enter a new job title here.

Job Openings for Actuarial Services Director
  • Job Description. Laurelhurst House*, a locally owned and operated assisted living provider, is seeking an experienced *Registered Nurse (RN)* who has some ...
    - 21 Days Ago
  • Summary. Are you a skilled, strong team leader who thrives in a fast-paced, complex work environment. Do you love to collaborate with other leaders and eng...
    - 4 Days Ago
  • Summary. Are you a skilled, strong team leader who thrives in a fast-paced, complex work environment. Do you love to collaborate with other leaders and eng...
    - 4 Days Ago
  • Join our team as Director of Social Services and foster an environment within the nursing center that enables our patients/residents to maximize their well...
    - 2 Days Ago
  • Join our team as Director of Social Services and foster an environment within the nursing center that enables our patients/residents to maximize their well...
    - 2 Days Ago

Career Path for Actuarial Services Director

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Actuarial Services Director, the first career path typically progresses to VP of Actuarial Services.

Not the job you're looking for? Search more salaries here:
See if your skills match up? Check skills for Actuarial Services Director

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst

Actuarial Services Director salary varies from city to city. Compared with national average salary of Actuarial Services Director, the highest Actuarial Services Director salary is in San Francisco, CA, where the Actuarial Services Director salary is 25.0% above. The lowest Actuarial Services Director salary is in Miami, FL, where the Actuarial Services Director salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for an Actuarial Services Director, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
245844
316471
281297

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
297158
417446
353014
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Actuarial Services Director in the United States. The base salary for Actuarial Services Director ranges from $245,844 to $316,471 with the average base salary of $281,297. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $297,158 to $417,446 with the average total cash compensation of $353,014.
Step 2 of 3

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

245844
316471

 

Step 3 of 3

How much should you be paid?

View the Cost of Living in Major Cities

Skills associated with Actuarial Services Director: Risk Analysis, Statistics and Actuarial Modeling, Claim Settlement Policies, Calculate Payments/Premiums ...More

Jobs with a similar salary range to Actuarial Services Director : Actuarial Director, Actuarial Manager, Actuarial Pricing Manager

Salary estimation for Actuarial Services Director at companies like : Medicare Health Products Ltd, SWBOCES CTE & Special Education, Mercy Care RBHA

Jobs with a similar salary range to Actuarial Services Director : Family Medicine Hospitalist

Actuarial Services Director Salary in United States
Actuarial Services Director Salary Graph, Regional Distribution and Summary