How much does an Actuarial Services Director make in Levant, ME? The average Actuarial Services Director salary in Levant, ME is $270,899 as of August 27, 2024, but the range typically falls between $236,754 and $304,769. 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 Actuarial Services Director Salary | $205,667 | Levant,ME | August 27, 2024 |
25th Percentile Actuarial Services Director Salary | $236,754 | Levant,ME | August 27, 2024 |
50th Percentile Actuarial Services Director Salary | $270,899 | Levant,ME | August 27, 2024 |
75th Percentile Actuarial Services Director Salary | $304,769 | Levant,ME | August 27, 2024 |
90th Percentile Actuarial Services Director Salary | $335,606 | Levant,ME | August 27, 2024 |
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 |
---|---|---|
Leadership Development
|
$295,280 |
9%
|
Balance Sheet
|
$292,571 |
8%
|
Consulting Services
|
$289,862 |
7%
|
Client Relationship
|
$289,862 |
7%
|
Mergers and Acquisitions
|
$284,444 |
5%
|
Flexibility
|
$281,735 |
4%
|
What Should I Pay?
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
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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.
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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 3.5% lower than national average salary.
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Job Title | Experience | EDUCATION | Salary Compared to This Job |
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Job Title Actuarial Services Manager | Experience 5 + | EducationBachelors | Salary Compared to This Job |
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Job Title Customer Service Director | Experience | EducationBachelors | Salary Compared to This Job |
Job Title Legal Services Director | Experience | EducationJD | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Actuarial Services Director salary of your education level.
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About Levant, Maine Levant is a town in Penobscot County, Maine, United States. The population was 2,851 at the 2010 census. According to the United States Census Bureau,....More
Levant, Maine area prices were up 1.6% from a year ago View the Cost of Living in Levant, Maine
Actuarial Services Director Salary in popular cities: Portland, Lewiston, Bangor
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