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The differences between actuarial managers and management accounts managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both an actuarial manager and a management accounts manager. Additionally, a management accounts manager has an average salary of $91,681, which is higher than the $75,827 average annual salary of an actuarial manager.
The top three skills for an actuarial manager include medicaid, financial analysis and financial results. The most important skills for a management accounts manager are customer service, client facing, and project management.
| Actuarial Manager | Management Accounts Manager | |
| Yearly salary | $75,827 | $91,681 |
| Hourly rate | $36.46 | $44.08 |
| Growth rate | 17% | 17% |
| Number of jobs | 59,285 | 113,871 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 69% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
Actuarial managers supervise all the actuary employees and the actuary department. They meet the clients and get to know the type of data and statistics they need. Besides reviewing the actuaries' performance and predictions and analysis accuracy, actuarial managers also prepare reports featuring all the information and ensure each data's accuracy before submission. Other duties performed by actuarial managers include meeting with company heads from time to time and updating them on matters relating to the actuarial figures.
A management accounts manager is responsible for maintaining healthy business relationships with clients by handling their project accounts, improving account management procedures, and identifying business opportunities that would generate more revenue resources for the company. Management accounts managers compile portfolio reports, including how the client's account performs in the market and its financial stability. They also negotiate contracts, settle terms and agreements, and ensure the highest customer experience by implementing strategic plans to enhance the company's services.
Actuarial managers and management accounts managers have different pay scales, as shown below.
| Actuarial Manager | Management Accounts Manager | |
| Average salary | $75,827 | $91,681 |
| Salary range | Between $39,000 And $144,000 | Between $66,000 And $125,000 |
| Highest paying City | Bridgeport, CT | Seattle, WA |
| Highest paying state | Connecticut | Washington |
| Best paying company | Prudential Financial | Meta |
| Best paying industry | Insurance | Energy |
There are a few differences between an actuarial manager and a management accounts manager in terms of educational background:
| Actuarial Manager | Management Accounts Manager | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 69% |
| Most common major | Mathematics | Business |
| Most common college | University of Notre Dame | University of Pennsylvania |
Here are the differences between actuarial managers' and management accounts managers' demographics:
| Actuarial Manager | Management Accounts Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 65.2% Female, 34.8% | Male, 48.6% Female, 51.4% |
| Race ratio | Black or African American, 5.7% Unknown, 4.0% Hispanic or Latino, 10.2% Asian, 7.9% White, 71.9% American Indian and Alaska Native, 0.3% | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |