Actuarial Services Manager Salary in Orland Park, Illinois

Actuarial Services Manager manages the analysis and evaluation of potential risks to determine and manage financial impacts. Implements policies and procedures to guide statistical analysis and actuarial research and evaluate the likelihood and financial impact of various risks. Being an Actuarial Services Manager monitors daily operations to ensure regulatory compliance of products and financial operations. Evaluates risk exposure data and calculates appropriate insurance rates, premium levels, and rating systems and structures to provide input on product design. Additionally, Actuarial Services 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 Actuarial Services Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be an Actuarial Services Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)... View full job description

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