How much does a VP of Actuarial Services make in Minneapolis, MN? The average VP of Actuarial Services salary in Minneapolis, MN is $372,654 as of March 26, 2024, but the range typically falls between $320,043 and $437,604. 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 VP of Actuarial Services Salary | $272,144 | Minneapolis,MN | March 26, 2024 |
25th Percentile VP of Actuarial Services Salary | $320,043 | Minneapolis,MN | March 26, 2024 |
50th Percentile VP of Actuarial Services Salary | $372,654 | Minneapolis,MN | March 26, 2024 |
75th Percentile VP of Actuarial Services Salary | $437,604 | Minneapolis,MN | March 26, 2024 |
90th Percentile VP of Actuarial Services Salary | $496,737 | Minneapolis,MN | March 26, 2024 |
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VP of Actuarial Services provides leadership, innovation, and oversight to an organization's actuarial function. Develops policies, procedures, and formulas to guide statistical analysis and actuarial research and accurately evaluate the likelihood and financial impact of various risks. Being a VP of Actuarial Services ensures policies and procedures are implemented effectively to ensure regulatory compliance of all financial operations and products. Responsible for the strategic planning and oversight of product development. Additionally, VP of Actuarial Services establishes profitability targets and regularly reviews product rates, premium levels, and rating systems to evaluate effectiveness and measure performance against targets. Reviews and validates financial statements, regulatory filings, and other financial projections before publishing or submitting. Communicates with marketing and other key stakeholders to present rating structures and systems and ensure adequate understanding of products. 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 top management. The VP of Actuarial Services manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. To be a VP of Actuarial Services typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. (Copyright 2024 Salary.com)... View full job description
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VP of Actuarial Services salary varies from city to city. Compared with national average salary of VP of Actuarial Services, the highest VP of Actuarial Services salary is in San Francisco, CA, where the VP of Actuarial Services salary is 25.0% above. The lowest VP of Actuarial Services salary is in Miami, FL, where the VP of Actuarial Services salary is 3.5% lower than national average salary.
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Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Actuarial Assistant | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Actuarial Services Director | Experience | EducationBachelors | Salary Compared to This Job |
Job Title Actuarial Services Manager | Experience 5 + | EducationBachelors | Salary Compared to This Job |
Job Title Actuarial Services Senior Manager | Experience | EducationBachelors | Salary Compared to This Job |
Job Title VP of Account Management | Experience | EducationBachelors | Salary Compared to This Job |
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About Minneapolis, Minnesota Minneapolis (/ˌmɪniˈæpəlɪs/ (listen)) is the county seat of Hennepin County and the larger of the Twin Cities, the 16th-largest metropolitan area in t....More
Minneapolis, Minnesota area prices were up 1.4% from a year ago View the Cost of Living in Minneapolis, Minnesota
VP of Actuarial Services Salary in popular cities: Saint Paul, Rochester, Duluth
Skills associated with VP of Actuarial Services: Calculate Ratings, Regulatory Reporting, Risk Analysis, Academic Focus: Mathematics ...More
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