How much does a VP of Actuarial Services make in South Carolina? The average VP of Actuarial Services salary in South Carolina is $332,394 as of April 24, 2024, but the range typically falls between $285,469 and $390,325. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
Percentile | Salary | Location | Last Updated |
10th Percentile VP of Actuarial Services Salary | $242,746 | SC | April 24, 2024 |
25th Percentile VP of Actuarial Services Salary | $285,469 | SC | April 24, 2024 |
50th Percentile VP of Actuarial Services Salary | $332,394 | SC | April 24, 2024 |
75th Percentile VP of Actuarial Services Salary | $390,325 | SC | April 24, 2024 |
90th Percentile VP of Actuarial Services Salary | $443,069 | SC | April 24, 2024 |
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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Location | Avg. Salary | Date Updated |
---|---|---|
Location Goose Creek, SC | Avg. Salary $333,803 | Date Updated April 24, 2024 |
Location Abbeville, SC | Avg. Salary $324,648 | Date Updated April 24, 2024 |
Location Adams Run, SC | Avg. Salary $332,394 | Date Updated April 24, 2024 |
Location Aiken, SC | Avg. Salary $325,000 | Date Updated April 24, 2024 |
Location Alcolu, SC | Avg. Salary $314,789 | Date Updated April 24, 2024 |
Location Allendale, SC | Avg. Salary $323,239 | Date Updated April 24, 2024 |
Location Anderson, SC | Avg. Salary $325,000 | Date Updated April 24, 2024 |
Location Andrews, SC | Avg. Salary $319,718 | Date Updated April 24, 2024 |
Location Arcadia, SC | Avg. Salary $330,986 | Date Updated April 24, 2024 |
Location Awendaw, SC | Avg. Salary $332,042 | Date Updated April 24, 2024 |
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
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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 Legal Services Director | Experience | EducationJD | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the VP of Actuarial Services salary of your education level.
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About South Carolina South Carolina (/ˌkærəˈlaɪnə/ (listen)) is a state in the Southeastern United States and the easternmost of the Deep South. It is bordered to the nort....More
Skills associated with VP of Actuarial Services: Financial Reporting, Financial Performance Evaluation, Policy Review, Insurance Software ...More
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