What is the average annual salary for Actuarial Fellow?
The annual salary for someone with the job title Actuarial Fellow may vary depending on a number of factors including industry, company size, location, years of experience and level of education. Our team of Certified Compensation Professionals has analyzed survey data collected from thousands of HR departments at companies of all sizes and industries to present this range of annual salaries for people with the job title Actuarial Fellow in the United States.
This chart describes the expected percentage of people who perform the job of Actuarial Fellow in the United States that make less than that annual salary. For example the median expected annual pay for a typical Actuarial Fellow in the United States is $155,627 so 50% of the people who perform the job of Accountant I in the United Sates are expected to make less than $155,627.
Responsible for applying mathematical analyses and financial principles to amend insurance problems. Typically works in either property and casualty or life and health insurance. Uses probability and statistics to determine rates for retirement, accident, mortality, disability and other insurance rates. Calculates premiums, designs insurance plans, creates probability charts and may aid in the calculation of necessary funds to ensure future payments of benefits. Requires Fellow, Society of Actuaries (FSA) designation. Requires a bachelor's degree in area of specialty and at least 10-12 years of experience in the field or in a related area. Demonstrates expertise in a variety of the field's concepts, practices, and procedures. Relies on extensive experience and judgment to plan and accomplish goals. May provide consultation on complex projects and is considered to be the top level contributor/specialist. A wide degree of creativity and latitude is expected. May report to an executive or a manager.
View Actuarial Fellow job description