Mid-Level

Actuarial Manager

The risk mathematics leader — managing actuarial teams that quantify financial risks and inform business decisions.

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
Job markets for Actuarial Managers
Employment concentration · ~390 areas
Based on employment in related occupations
Mapped SOC categories:
BLS Occupational Employment Statistics
What it's like

What it's like to be a Actuarial Manager

As an Actuarial Manager, you lead a team of actuaries analyzing financial risks — typically in insurance, pensions, or financial services. You oversee actuarial analyses, ensure quality and accuracy, develop your team, and translate actuarial findings for business leaders.

Your day involves technical oversight and team management. You might review complex actuarial analyses, guide methodology decisions, meet with business leaders about results, develop team members, and ensure compliance with actuarial standards. You need strong actuarial expertise and management skills.

The hardest part is balancing technical accuracy with business communication. Actuarial work involves complex mathematics, but business leaders need clear, actionable insights. You need to be both technically rigorous and an effective translator. The people who thrive here are strong actuaries who also have leadership ability and communication skills.

Working ConditionsHigh
IndependenceHigh
RecognitionAbove avg
AchievementAbove avg
RelationshipsAbove avg
SupportAbove avg
O*NET Work Values survey
StrategyExecution
StructuredAdaptable
ManagingContributing
CollaborativeIndependent
Practice areaTeam sizeBusiness lineCompany typeCredential requirements
Actuarial management varies by practice area and company. Life, health, property/casualty, and pension actuaries have different focuses. Insurance companies, consulting firms, and corporate pension departments have different dynamics. Credentialing requirements (FSA, FCAS) vary by specialty.
✦ Editorial — written by Truest from industry research and career patterns
Career Paths

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

$239K$179K$119K$60K$0KLower paying387 metro areas, sorted by salary level
All experience levels1
This level's estimated range
INDUSTRIES PAYING ABOVE AVERAGE
1 BLS OEWS May 2024 covers all Actuarial Managers (SOC 11-3031.00), not just this title · BEA RPP 2023
* Top salaries exceed this figure. BLS caps reported wages at ~$240K to protect individual privacy in high-earning roles.
Exploring the Actuarial Manager career path? Truest helps you figure out if it's the right fit — and plan your path forward.
Explore career tools
1
Business acumen
Senior roles require business leadership
2
Executive communication
Presenting to leadership is essential
3
Strategic thinking
Chief actuary roles require strategic perspective
What practice area does the team focus on?
What is the team size and structure?
What credential level is expected?
How does actuarial work influence business decisions?
What are the key challenges?
✦ Editorial — 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 — 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 this category is changing

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

Skills & Requirements

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

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