Actuarial Services Director Salary in Chicago, Illinois

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Average Salary for Actuarial Services Director in Chicago, Illinois

The average salary of a(n) Actuarial Services Director in Chicago, Illinois is $153,902.

The average hourly rate of a(n) Actuarial Services Director in Chicago, Illinois is $73.99.

The average bonus of a(n) Actuarial Services Director in Chicago, Illinois is $17,114.00.

Job Description:

Coordinates and manages the calculation of risk and pricing for products and services provided by the health plan. Manages the Actuarial Department to ensure proper pricing on organizational products for growth and profitability. Typically requires a bachelor's degree in mathematics and seven years of actuarial services experience in medical product lines. Certification in or equivalent training in FSA (Fellow, Society of Actuaries) and MAAA (Member, American Academy of Actuaries) may also be required. Creates and analyzes financial statements, financial analysis, and group experience reports. Provides actuarial services or expertise on product management, pricing, reserve valuation, experience analysis, and special projects. Prepares and manages the departmental budget and manages expenses. Hires, develops, and motivates a qualified actuarial staff. Less

Coordinates and manages the calculation of risk and pricing for products and services provided by the health plan. Manages the Actuarial Department to ensure proper pricing on organizational products for growth and profitability. Typically requires a bachelor's degree in mathematics... More

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