Actuarial Executive Salary in District of Columbia - District Average

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Average Salary for Actuarial Executive in District of Columbia - District Average

The average salary of a(n) Actuarial Executive in District of Columbia - District Average is $296,394.

The average hourly rate of a(n) Actuarial Executive in District of Columbia - District Average is $142.50.

The average bonus of a(n) Actuarial Executive in District of Columbia - District Average is $66,274.00.

Job Description:

Oversees all aspects of an organization's actuarial function to perform calculation of risk and pricing for products and services provided by the health plan. Typically requires a bachelor's degree in mathematics and eight years of actuarial services experience in medical product lines. Certification or equivalent training in FSA (Fellow, Society of Actuaries) and MAAA (Member, American Academy of Actuaries) may also be required. Oversees the development of formulas to predict and measure gains and losses in medical insurance plans. Oversees management of the Actuarial Department to ensure proper pricing on organizational products for growth and profitability. Develops strategic initiatives and transforms initiatives into action plans. Creates and analyzes financial statements, financial analysis, and group experience reports. Provides actuarial services/expertise on product management, pricing, reserve valuation, experience analysis, and special projects. Oversees the departmental budget and manages expenses. Hires, develops, and motivates a qualified actuarial staff. Less

Oversees all aspects of an organization's actuarial function to perform calculation of risk and pricing for products and services provided by the health plan. Typically requires a bachelor's degree in mathematics and eight years of actuarial services experience in medical... More

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