How much does an Actuarial Services Director make in the United States? The average Actuarial Services Director salary in the United States is $250,736 as of February 26, 2024, but the range typically falls between $222,803 and $281,921. 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 $197,372 US February 26, 2024
25th Percentile Actuarial Services Director Salary $222,803 US February 26, 2024
50th Percentile Actuarial Services Director Salary $250,736 US February 26, 2024
75th Percentile Actuarial Services Director Salary $281,921 US February 26, 2024
90th Percentile Actuarial Services Director Salary $310,313 US February 26, 2024
25% $222,803 10% $197,372 90% $310,313 75% $281,921 $250,736 50%(Median) Didn’t find job title? Click
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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.

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.

3.

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.

Consulting 0.04%
client relationship 0.01%
Underwriting 0.03%
Others 99.92%

Job Description for Actuarial Services Director

Actuarial Services Director directs the activities of an organization's actuarial function. Develops mathematical analyses and financial principles to solve insurance problems. Being an Actuarial Services Director calculates premiums, designs insurance plans, creates probability charts and may aid in the calculation of necessary funds to ensure future payments of benefits. Advises management in the determination of major rating assumptions. Additionally, Actuarial Services Director requires a bachelor's degree. Typically reports to top management. May require ASA or FSA designation. 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. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. To be an Actuarial Services Director typically requires 5+ years of managerial experience. (Copyright 2024 Salary.com)... View full job description

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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 Top Actuarial Executive.

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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 2.9% 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
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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

 
 
 
222803
281921
250736

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
266075
361291
308488
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 $222,803 to $281,921 with the average base salary of $250,736. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $266,075 to $361,291 with the average total cash compensation of $308,488.
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Discover how your pay is adjusted for skills, experience, and other factors

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

222803
281921

 

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Skills associated with Actuarial Services Director: Risk Analysis, Statistics and Actuarial Modeling, Risk Assessment, Insurance Software ...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