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Actuary Salary in Sioux Falls, SD

How much does the average Actuary make in Sioux Falls, SD?


The average salary for an Actuary in Sioux Falls, SD is between $65,921 and $162,214 as of December 01, 2024. Salary ranges can vary widely depending on the actual Actuary position you are looking for. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

About Sioux Falls, South Dakota    Sioux Falls (/ˌsuː ˈfɔːlz/) (Lakota: Íŋyaŋ Okábleča Otȟúŋwahe; "Stone Shatter City") is the most populous city in the U.S. state of South Dakota and t....More

Sioux Falls, South Dakota  area prices were up 0.8% from a year ago    View the Cost of Living in Sioux Falls, South Dakota

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Base Salary

Core compensation

$65,921
$162,214
$114,072
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What is an Actuary?

An actuary uses math, statistics, computer modeling, and analysis to evaluate risk. They look at various events that could occur either to a person or to business and develop scenarios to minimize risk and cost. Many actuaries are employed in the insurance industry and may specialize in an area like health insurance, life insurance, or property insurance.


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Actuarial Analyst I
Alternate Job Titles: Actuarial Analyst I | Actuary Consultant I | Entry Level Actuary | Insurance Actuary I

Utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Assists with product design and development by analyzing risk groups and calculating appropriate ins... View job details

Actuarial Analyst II
Alternate Job Titles: Actuarial Analyst II | Actuary Consultant II | Insurance Actuary II

Utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Assists with product design and development by analyzing risk groups and calculating appropriate ins... View job details

Actuarial Analyst III
Alternate Job Titles: Actuarial Analyst III | Actuary Consultant III | Insurance Actuary III

Utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Assists with product design and development by analyzing risk groups and calculating appropriate ins... View job details

Actuarial Analyst IV
Alternate Job Titles: Actuarial Analyst IV | Actuary Consultant IV | Insurance Actuary IV

Utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Assists with product design and development by analyzing risk groups and calculating appropriate ins... View job details

Actuarial Analyst V
Alternate Job Titles: Actuarial Analyst V | Actuary Consultant V | Insurance Actuary V

Utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Assists with product design and development by analyzing risk groups and calculating appropriate ins... View job details

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Actuary

What degree or educational requirements does an actuary need?

Actuaries typically obtain a Bachelor's degree in mathematics, statistics, business, or actuarial science. Coursework in computer science usually is included. Most individuals seeking a career as an actuary work towards certification in one of the major actuarial professional organizations: the Casualty Actuarial Society (CAS) or the Society of Actuaries (SOA). Employers typically support an individual in this pursuit which can take many years of study. The actuarial designations are Associate, which is the first level and Fellow, which is the highest and most difficult to attain.

What are the best schools offering actuarial programs?

Some of the schools with top rated actuarial science programs are Purdue University, Carnegie Mellon University, University of Illinois at Urbana-Champaign, Ohio State University, Columbia University, Georgia State University, University of Nebraska, Temple University, Penn State University, and Drake University.

Are actuaries in demand?

According to the Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook (BLS), employment of Actuaries, in general, is projected to grow about 22 percent from 2016 to 2026. The demand for Actuaries will be strong as insurance companies develop new products and try to reduce costs. Large companies will also employ actuaries to assess risk and help to guide operational policies.

What jobs are similar to or related to actuary?

Risk Manager and Statistician are other jobs that are sometimes related to actuaries.

Where can I find more information about actuary training and career opportunities?

Explore these additional resources for more on the acutarial profession.
American Academy of Actuaries
Casualty Actuarial Society
Society of Actuaries

What is the working environment for an actuary?

An actuary typically works in an office setting.

Actuary Jobs

Job Openings for Actuary in Sioux Falls, SD
Vice President, Actuary - Commercial Lines
Incline P&C Group - Austin , TX
VP, Actuary - Commercial Lines Pricing Incline P&C Group (Incline) is a quickly growing insurance fronting carrier based in Austin, TX. We are looking for a Vice President, Actuary to focus on ...
LinkedIn - 4 days ago
Predictive Modeling Actuary - Commercial Lines
AmTrust Financial - New York , NY
Predictive Modeling Actuary - Commercial Lines Job Locations US-NY-New York Requisition ID 2024-17945 Category Actuarial Position Type Regular Full-Time Overview Build, analyze data mining of ...
Latpro - Diversity Jobs - 5 days ago
Chief Pricing Actuary
Neeljym Search Group - Chicago , IL
We're seeking a Chief Pricing Actuary to join one of the largest wholesale brokerages in the world. This role has become available due to an internal promotion, offering an incredible opportunity for ...
LinkedIn - 17 days ago
P&C Pricing Assistant Actuary - PR12861A
Pryor Associates Executive Search - Hartford , CT
P&C Pricing Assistant Actuary opening in CT or NY. Assist Underwriters on assessing and pricing large accounts for both Property and Casualty lines, including Commercial Auto, General Liability, and ...
LinkedIn - 16 days ago
Pricing & Analytics Actuary - Cyber & Professional Lines
Axis Capital - Chicago , IL
As a Pricing & Analytics Actuary concentrated on Global Cyber and Professional Lines with subject premium $2.0B+, this role will directly advance AXIS's capabilities toward pricing sophistication ...
Latpro - Diversity Jobs - 33 days ago
Actuarial Intern
Howden Re - Edina , MN
An actuarial intern at Howden Re is a member of an energetic, quantitative, client-facing team that specializes in creating and executing P&C reserve solutions including creating client submissions ...
LinkedIn - 2 days ago