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Careersβ€ΊRolesβ€ΊActuarial Manager
Mid-Level

Actuarial Manager

Leading a team of actuaries β€” calculating risk and reserves for an insurer, pension fund, or healthcare plan. The work is technical (statistical models, mortality tables); the manager piece is about translating actuarial findings into language the rest of the business can act on.

Career Level
Junior
Mid
Senior
Director
VP
Executive
Work Personality
E
C
S
I
A
R
Enterprisingleading, persuading
Conventionalorganizing, detail-oriented
Based on Holland Code framework
Industries that often hire Actuarial Managers
Financial Services Β· 31%Professional Services Β· 14%Government Β· 6%Manufacturing Β· 6%Wholesale & Distribution Β· 4%Healthcare Β· 4%
Job markets for Actuarial Managers
Where Actuarial Manager jobs concentrate Β· ~390 metro areas
Based on employment in related occupations
Mapped SOC categories:
Business Operations
BLS Occupational Employment Statistics
Jump to:What it's likeCareer pathsBy the numbers
What it's like

What it's like to be a Actuarial Manager

Leading a team of actuaries means you're still close to the technical work β€” reserve calculations, mortality assumptions, pricing models β€” but you're also translating it. Your job is to make actuarial findings accessible to CFOs, product teams, and regulators who need to make decisions from them but won't engage with the underlying math. That translation layer is usually what separates senior actuaries who advance from those who stay technical.

You'll coordinate across product, finance, and regulatory affairs on a regular basis β€” quarterly reserve submissions, annual assumption reviews, pricing approvals. The calendar is largely driven by regulatory deadlines and close cycles, not your own pace, which means crunch periods are predictable but unavoidable. Managing a team through those peaks without burning them out is a real and underappreciated part of the job.

What tends to surprise managers coming up from the actuarial track is how much the role shifts away from individual technical work. Your most important output might be a two-page executive summary of something a junior actuary spent three weeks modeling. People who find meaning in enabling others' technical work β€” and in communicating risk clearly to non-technical audiences β€” tend to find this transition rewarding.

What people in this role value
Working ConditionsHigh
IndependenceHigh
RecognitionAbove avg
AchievementAbove avg
RelationshipsAbove avg
SupportAbove avg
O*NET Work Values survey
Role Profile
StrategyExecution
StructuredAdaptable
ManagingContributing
CollaborativeIndependent
Things that vary from job to job as a Actuarial Manager
Insurance segmentRegulatory environmentTeam sizeAutomation maturityReporting structure
Actuarial Manager roles vary substantially by segment β€” P&C, life, health, and pension all have different modeling approaches, regulatory regimes, and assumption drivers. **P&C teams tend to work on faster reserve cycles**; life roles carry longer-duration liability modeling. Company size also shapes the role significantly: at a large carrier, the manager owns one slice of the actuarial function deeply; at a smaller insurer or consulting firm, the scope is much broader with less specialization.

Is Actuarial Manager right for you?

An honest look at who tends to thrive in this role β€” and who might find it challenging.

This role tends to work well for...
Credentialed actuaries who want to lead rather than model individually
The role rewards people who find meaning in enabling strong technical work from their team rather than doing it all themselves
Those who enjoy translating complex risk concepts for non-technical audiences
The executive communication piece is constant β€” people who do it well get pulled into higher-visibility conversations
People comfortable with regulatory and audit relationships
Reserve reviews, model documentation, and regulatory submissions are a regular part of the job β€” people who manage those relationships confidently make the team look good
Those who like owning a technical function end-to-end
Actuarial managers often have clear ownership of their segment β€” the accountability is real, and people who like that clarity tend to find it motivating
This role tends to create friction for...
Actuaries who want to stay hands-on with the technical modeling
The more senior the manager, the further from the model they typically are β€” the work shifts toward oversight and communication
People who prefer fast feedback cycles
Actuarial work follows quarterly and annual cycles; the feedback on whether your assumptions were right often comes months or years later
Those uncomfortable with regulatory scrutiny
Reserve positions and pricing models are reviewed by regulators and auditors β€” discomfort with that kind of examination compounds at the management level
People who prefer creative or exploratory work
Much of actuarial management is compliance-driven β€” the regulatory calendar sets the pace, and deviation from methodology requires extensive justification
✦ Editorial β€” written by Truest from industry research and career patterns
Career Paths

Where this role sits in the broader career landscape β€” and where it can take you.

Earning potential across this track
$239K$179K$119K$60K$0KLower paying387 metro areas, sorted by salary level
All experience levels1
This level's estimated range
INDUSTRIES PAYING ABOVE AVERAGE
Technology & Information$101K+9%
Energy & Utilities$100K+8%
Professional Services$98K+6%
Financial Services$83K-11%
Government$76K-17%
Compared to Business Operations average across all industries
1 BLS OEWS May 2024 covers all Actuarial Managers (SOC 11-3031.00), not just this title Β· BEA RPP 2023
* Top salaries exceed this figure. BLS caps reported wages at ~$240K to protect individual privacy in high-earning roles.
Related rolesExplore Business Operations β†’
Actuarial ManagerCollections ManagerAccounting ManagerAccounts Payable ManagerAccounts ManagerBranch ManagerAsset ManagerComptrollerCity ComptrollerFinancial OfficerInvestment ManagerFinancial Planning ManagerFinancial Planning and Analysis ManagerCredit ManagerTax ManagerBank ManagerCash ManagerBudget ManagerFiscal ManagerBanking ManagerFinance ManagerAuditing ManagerFinancial ManagerBank Branch ManagerCredit Union Manager+1 more
Exploring the Actuarial Manager career path? Truest helps you figure out if it's the right fit β€” and plan your path forward.
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What it takes to advance
1
Executive communication
Moving into Chief Actuary or VP roles requires comfort presenting reserve positions and risk findings to boards and senior leadership who don't think in actuarial terms
2
Change management
Actuarial modernization β€” new modeling platforms, data pipelines, assumption-setting frameworks β€” increasingly requires managing teams through process change
3
Model governance
Regulators and auditors increasingly scrutinize model documentation and change controls; managers who build robust governance frameworks attract less scrutiny
4
Cross-functional influence
Actuarial assumptions affect product pricing, reserving, and capital allocation β€” managers who can influence those decisions across departments get more done
Lateral Moves
Chief Actuary
If you're ready to own the full actuarial function and represent it to the board and regulators
Risk Management Director β†’
If you want to apply actuarial thinking to enterprise risk management beyond insurance reserving
Actuarial Consulting Manager
If you want client variety and exposure to different company types rather than a single carrier's problems
Questions you might ask when interviewing
What's the composition of the team β€” how many actuaries, and at what credentialing level?
What's the primary workstream right now β€” reserving, pricing, assumption reviews, or all three?
How mature is the actuarial modeling infrastructure, and is there active investment in modernizing it?
What's the relationship between the actuarial team and the CFO or finance function?
How are regulatory examination requests typically managed β€” is there a dedicated interface, or does the actuarial team handle it directly?
✦ Editorial β€” career progression and interview guidance based on industry patterns
The Broader Landscape

Roles like this one sit within a broader occupational category. The numbers below reflect that full landscape β€” helpful for context, but your specific experience will depend on level, specialty, and where you work.

$86K–$208K
Salary Range
10th – 90th percentile
819K
U.S. Employment
+14.8%
10yr Growth
75K
Annual Openings

How Actuarial Manager pay & employment are changing

$74K$71K$68K$65K$62K201920202021202220232024$62K$74K
BLS OEWS May 2024 Β· BLS Employment Projections 2024–2034

Skills & Requirements

Active ListeningCritical ThinkingReading ComprehensionSpeakingMonitoringWritingManagement of Personnel ResourcesTime ManagementJudgment and Decision MakingComplex Problem Solving
O*NET OnLine Β· Bureau of Labor Statistics
Mapped SOC Codes
11-3031.00

Explore related roles

Roles with similar work and overlapping career paths

juniorActuarial Coordinator / Actuarial Associate$162KmidCollections Manager$97KmidAccounting Manager$114KseniorBanking Supervisor$114KdirectorAccounting Director$114KseniorAccounting Supervisor$114K
View all Business Operations roles β†’

Common questions about what it's like to be an Actuarial Manager

What does an Actuarial Manager do?

Leading a team of actuaries β€” calculating risk and reserves for an insurer, pension fund, or healthcare plan. The work is technical (statistical models, mortality tables); the manager piece is about translating actuarial findings into language the rest of the business can act on.

How much does an Actuarial Manager make?

Median pay for an Actuarial Manager is about $162K nationally, with the field ranging roughly from $86K to $208K depending on experience, employer, and metro (BLS).

What skills does an Actuarial Manager need?

Core skills for this role include Active Listening, Critical Thinking, Reading Comprehension, Speaking, and Monitoring.

What education do you need to be an Actuarial Manager?

Most people in this role hold a bachelor's degree.

Is an Actuarial Manager in demand?

Employment in this field is projected to grow about 14.8% through 2034, with roughly 818,620 people working in it today (BLS).

What jobs are similar to an Actuarial Manager?

Closely related roles include Actuarial Coordinator / Actuarial Associate, Collections Manager, and Accounting Manager.

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Federal data: BLS Occupational Employment & Wage Statistics (May 2024) Β· BLS Employment Projections Β· O*NET OnLine
Truest editorial: Fit check, role profile, things that vary, advancement analysis, lateral moves, interview questions.