Actuarial Director Salary in Royal Oak, MI
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How much does an Actuarial Director make in Royal Oak, MI? The average Actuarial Director salary in Royal Oak, MI is $285,162 as of May 28, 2024, but the salary range typically falls between $250,108 and $321,018. 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.
Salary range for an Actuarial Director
$250,108 to $321,018
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Actuarial Director
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What does an Actuarial Director do?
Common responsibilities of an Actuarial Director
Support the development of methodologies, tools and processes to track and evaluate VBC performance post launch as compared to initial expectations.
October 31, 2022
Monitor performance of existing networks and products to ensure adequate and competitive pricing, and meet Operating Plan goals for profitability and membership.
February 17, 2023
Actuarial - Financial actuarial analysis, Actuarial - Modeling & tool development, Actuarial - Product development, Actuarial - Risk analysis/management, Actuarial - Underwriting case work.
March 20, 2023
Collaborate with key stakeholders to gather insights on trends influencing the assumption setting process and to make key strategic business decisions, including, but not limited to the, Operations, Claims, Pricing, Investments, Enterprise Risk Management and Finance teams.
November 12, 2022
Participates with senior leadership in the development and implementation of actuarial policies, business strategies and goals, regularly evaluating performance against goals, and holding self and team accountable for achieving desired results.
January 04, 2023
Provide guidance and direction for audit staff to develop business and audit knowledge, set clear expectations, provide timely and constructive feedback, encourage their career advancement, and set the tone by enthusiastically facilitating knowledge exchange/transfer.
March 20, 2023
Assist IAG senior management in the development and execution of a risk based audit plan and lead the full audit lifecycle (planning, testing of controls, and issue verification) for audit engagements covering risk, finance, legal and compliance functions in the commercial and property casualty businesses, processes and products.
March 21, 2023
Manage the team including interviewing and hiring employees following required EEO and Affirmative Action guidelines and ensuring employees receive the proper training.
March 28, 2023
Develop the organization's premium rate structure through the forecasting of financial/ statistical data in a manner which is actuarially sound and competitive in the marketplace including cash flow analysis and financial projections.
April 13, 2023
Leads cross functional teams on items that enable successful end-to-end implementation of network development, alternative provider payment models and other strategic innovation projects, e.
May 16, 2023
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Actuarial Director Salary By Experience Levels in Royal Oak, MI
How much should you be earning in Actuarial Director in Royal Oak, MI based on your current experience?
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RELEVANT JOB EXPERIENCE
Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.
Actuarial Director Salary By Level of Education in Royal Oak, MI
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Tell us about your education and see an estimate of earnings for Actuarial Director in Royal Oak, MI and well to know the impact of education on future careers.
LEVEL OF EDUCATION
Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.
Average Salary Range for Actuarial Director in Royal Oak, MI
Average Base Salary
Core compensation
250108
321018
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Actuarial Director in 2024?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Actuarial Director in Royal Oak, MI. The base salary for Actuarial Director ranges from $250,108 to $321,018 with the average base salary of $285,162. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $303,483 to $425,068 with the average total cash compensation of $359,389.
View Average Salary for Actuarial Director as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $285,162 | $250,108 - $321,018 |
| Bonus | $74,227 | $53,374 - $104,050 |
| Total Pay | $359,389 | $303,483 - $425,068 |
* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.
* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.
Actuarial Director Salary Near Royal Oak, MI
| CITY, STATE | AVERAGE SALARY RANGE | COMPARE TO Royal Oak, MI |
|---|---|---|
| CITY, STATE Southfield, MI | AVERAGE SALARY RANGE $250,595 - $321,643 | COMPARE TO Royal Oak, MI |
| CITY, STATE Troy, MI | AVERAGE SALARY RANGE $250,198 - $321,133 | COMPARE TO Royal Oak, MI |
| CITY, STATE Farmington, MI | AVERAGE SALARY RANGE $250,066 - $320,964 | COMPARE TO Royal Oak, MI |
| CITY, STATE Pontiac, MI | AVERAGE SALARY RANGE $251,154 - $322,360 | COMPARE TO Royal Oak, MI |
| CITY, STATE West Bloomfield, MI | AVERAGE SALARY RANGE $251,685 - $323,042 | COMPARE TO Royal Oak, MI |
| CITY, STATE Waterford, MI | AVERAGE SALARY RANGE $251,335 - $322,593 | COMPARE TO Royal Oak, MI |
See salaries for Actuarial Director in locations close to Royal Oak, MI. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.
About Royal Oak, Michigan
Royal Oak is a city in Oakland County in the U.S. state of Michigan. It is a suburb of Detroit. As of the 2010 census, the city had a population of 57,236. It is the 8th-largest municipality in Oakland County and the 27th-largest municipality in Michigan by population.
According to the United States Census Bureau, the city has a total area of 11.79 square miles (30.54 km2), all land.
Royal Oak developed around a river, the Red Run. Vinsetta Boulevard was built skirting a source branch of the Red Run for its median. In the 1930s, Vinsetta's entire median, along with the river and all but the to...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
View Salary for Similar Jobs to Actuarial Director in Royal Oak, MI
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| JOB TITLE | LOCATION | MINIMUM SALARY | MAXIMUM SALARY |
|---|---|---|---|
| JOB TITLE Actuarial Services Director | LOCATION Royal Oak, MI | MINIMUM SALARY $246,920 | MAXIMUM SALARY $317,854 |
| JOB TITLE Actuarial Operations Director | LOCATION Royal Oak, MI | MINIMUM SALARY $246,920 | MAXIMUM SALARY $317,860 |
| JOB TITLE Actuarial Operations Manager | LOCATION Royal Oak, MI | MINIMUM SALARY $153,900 | MAXIMUM SALARY $188,200 |
| JOB TITLE Actuarial Services Manager | LOCATION Royal Oak, MI | MINIMUM SALARY $153,839 | MAXIMUM SALARY $188,175 |
| JOB TITLE Actuarial Operations Senior Manager | LOCATION Royal Oak, MI | MINIMUM SALARY $191,300 | MAXIMUM SALARY $236,500 |
| JOB TITLE Actuarial Services Senior Manager | LOCATION Royal Oak, MI | MINIMUM SALARY $191,233 | MAXIMUM SALARY $236,487 |
The Actuarial Director job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Royal Oak, MI that might be a good fit for the type of job and salary you are looking for.
About Royal Oak, Michigan Royal Oak is a city in Oakland County in the U.S. state of Michigan. It is a suburb of Detroit. As of the 2010 census, the city had a population of 57....More
Royal Oak, Michigan area prices were up 1.2% from a year ago
Actuarial Director Salary in popular cities: Detroit, Grand Rapids, Warren
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role
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