Actuarial Services Senior Manager Salary in the United States

FAQ about Actuarial Services Senior Manager

1. Where can an Actuarial Services Senior Manager earn the most?

An Actuarial Services Senior Manager's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, an Actuarial Services Senior Manager earns the most in San Jose, CA, where the annual salary of an Actuarial Services Senior Manager is $285,362.

2. What is the highest pay for Actuarial Services Senior Manager?

The highest pay for Actuarial Services Senior Manager is $249,813.

3. What is the lowest pay for Actuarial Services Senior Manager?

The lowest pay for Actuarial Services Senior Manager is $193,371.

4. What are the responsibilities of Actuarial Services Senior 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. 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. 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. Typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments.

5. What industry pays the highest salary for Actuarial Services Senior Manager?

The Biotechnology industry offers the highest average compensation for Actuarial Services Senior Manager roles, with salaries approximately 25% above the market median.