Actuarial Services Director Salary in West Newton, Indiana

Actuarial Services Director Salary in West Newton, IN

How much does an Actuarial Services Director make in West Newton, IN? The average Actuarial Services Director salary in West Newton, IN is $272,270 as of April 24, 2024, but the range typically falls between $237,956 and $306,313. 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. 

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Actuarial Services Director Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Actuarial Services Director Salary $206,716 West Newton,IN April 24, 2024
25th Percentile Actuarial Services Director Salary $237,956 West Newton,IN April 24, 2024
50th Percentile Actuarial Services Director Salary $272,270 West Newton,IN April 24, 2024
75th Percentile Actuarial Services Director Salary $306,313 West Newton,IN April 24, 2024
90th Percentile Actuarial Services Director Salary $337,308 West Newton,IN April 24, 2024
25% $237,956 10% $206,716 90% $337,308 75% $306,313 $272,270 50%(Median) Didn’t find job title? Click
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Check out Actuarial Services Director Job Openings in West Newton, Indiana

Tax Managing Director - Financial Services

Crowe LLP - Indianapolis, IN

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Tax Director - Private Client Services - Any Location

Cherry Bekaert - Indianapolis, IN

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Associate Director Supply Chain Management - ERP Services IT

Eli Lilly and Company - Indianapolis, IN

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Director Network-Telecom Services

Community Foundation of Northwest Indiana - East Chicago, IN

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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.

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.

See More Skills
Consulting 3.6%
Underwriting 3.08%
Client Relationship 1.29%
Others 92.03%

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

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Job Openings for Actuarial Services Director in West Newton, IN
  • Crowe LLP - Indianapolis, IN
    Your Journey at Crowe Starts Here:At Crowe, you have the opportunity to deliver innovative solutions to today’s complex business issues. Crowe’s accounting...
    - 4 Days Ago
  • Cherry Bekaert - Indianapolis, IN
    Ranked among the largest accounting and consulting firms in the country, Cherry Bekaert delivers innovative and sophisticated advisory, assurance and tax s...
    - 3 Days Ago
  • Eli Lilly and Company - Indianapolis, IN
    At Lilly, we unite caring with discovery to make life better for people around the world. We are a global healthcare leader headquartered in Indianapolis, ...
    - 1 Day Ago
  • Community Foundation of Northwest Indiana - East Chicago, IN
    Community Healthcare System is hiring a Director of Network and Telcom Services. . Hybrid - remote and onsite. Sign-on Bonus. . Job Description. Reporting ...
    - 1 Day Ago
  • Unidine - West Lafayette, IN
    Salary: $75,000. Job Summary. The Director of Dining Services is the strategic business leader of the community’s food and beverage/culinary operation ensu...
    - 1 Day 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.

Actuarial Services Director
VP of Actuarial Services
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Actuarial Services Director Pay Difference by Location

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

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

Average Base Salary

Core compensation

 
 
 
237956
306313
272270

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
287623
404052
341687
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 West Newton, IN. The base salary for Actuarial Services Director ranges from $237,956 to $306,313 with the average base salary of $272,270. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $287,623 to $404,052 with the average total cash compensation of $341,687.
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For a real-time salary target, tell us more about your role in the four categories below.

237956
306313

 

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About West Newton, Indiana    West Newton, Indiana is a neighborhood located in southwestern Marion County. West Newton is situated ten miles (16.1 km) southwest of downtown Indian....More

West Newton, Indiana  area prices were up 1.3% from a year ago    View the Cost of Living in West Newton, Indiana

Actuarial Services Director Salary in popular cities: Indianapolis, Fort Wayne, Evansville

Skills associated with Actuarial Services Director: Rate Setting, Probability Analysis, Policy Development, Forecasting ...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

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