How to hire an actuarial manager

How to hire an actuarial manager, step by step

Here's a step-by-step actuarial manager hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write an actuarial manager job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new actuarial manager
• Step 8: Go through the hiring process checklist

What does an actuarial manager do?

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1. Identify your hiring needs

   Before you post your actuarial manager job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find an actuarial manager for hire on a part-time basis or as a contractor.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   Hiring the perfect actuarial manager also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.

   The following list breaks down different types of actuarial managers and their corresponding salaries.

   Type of Actuarial Manager	Description	Hourly rate
   Actuarial Manager	Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.	$18-69
   Management Accounts Manager	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... Show more	$31-60
   Banking Center Manager	A banking center manager is responsible for monitoring bank operations, auditing financial transactions, and ensuring that the banking staff provides the highest customer service for their clients. Banking center managers assist the team members in responding to the customers' inquiries and concerns regarding the financial options they offer, opening accounts, selling financial instruments, and resolving transactional complaints... Show more	$45-83

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Medicaid
   • Financial Analysis
   • Financial Results
   • Calculation
   • Analytical Support
   • Analyze Data
   • CMS
   • Medicare Advantage
   • Annuities
   • Regression
   • ACA
   • Statistical Models

   Responsibilities:

   • Specialize in data collection logistics and documentation on specific vehicles and manage inventory using CRM applications.
   • Programme in SAS on large databases.
   • Design LTC & FIA Stat/Tax/ GAAP valuation software.
   • Prepare client household employment payroll.
   • Prepare and run competitive rate analysis.
   • Process payroll and make weekly liability deposits.

3. Make a budget

   Including a salary range in your actuarial manager job description helps attract top candidates to the position. An actuarial manager salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.

   For example, the average salary for an actuarial manager in Wyoming may be lower than in Connecticut, and an entry-level actuarial manager usually earns less than a senior-level actuarial manager. Additionally, an actuarial manager with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.

   Average actuarial manager salary

   $75,827yearly

   $36.46 hourly rate

   ---

   Entry-level actuarial manager salary

   $39,000 yearly salary

   Updated January 23, 2026

   Average actuarial manager salary by state

   Rank	State	Avg. salary	Hourly rate
   1	Connecticut	$110,876	$53
   2	Massachusetts	$107,993	$52
   3	Pennsylvania	$106,181	$51
   4	California	$105,978	$51
   5	New York	$104,055	$50
   6	Delaware	$100,850	$48
   7	New Jersey	$99,391	$48
   8	District of Columbia	$98,235	$47
   9	Virginia	$98,050	$47
   10	Maryland	$95,940	$46
   11	Utah	$87,931	$42
   12	Illinois	$87,195	$42
   13	New Mexico	$87,033	$42
   14	Texas	$86,774	$42
   15	Washington	$86,588	$42
   16	Michigan	$85,420	$41
   17	South Dakota	$82,916	$40
   18	Arizona	$80,819	$39
   19	Minnesota	$77,949	$37
   20	Wisconsin	$77,459	$37

   Average actuarial manager salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Prudential Financial	$112,869	$54.26	18
   2	Genworth	$112,139	$53.91	2
   3	Sutter Health	$107,475	$51.67
   4	The Prudential Insurance Company of America, Inc.	$106,169	$51.04
   5	Ernst & Young	$104,976	$50.47	2,523
   6	CVS Health	$104,312	$50.15	164
   7	Allstate	$103,930	$49.97	5
   8	Homesite Insurance	$102,965	$49.50
   9	Presbyterian	$99,467	$47.82
   10	Highmark	$99,032	$47.61	57
   11	Blue Cross Blue Shield of Michigan	$99,008	$47.60	2
   12	The Travelers Companies	$98,502	$47.36	8
   13	AmeriHealth Caritas	$98,292	$47.26
   14	Hewitt	$98,018	$47.12
   15	The Plymouth Rock Company Incorporated	$97,730	$46.99
   16	Softpath System	$96,812	$46.54
   17	Deloitte	$96,120	$46.21	1,956
   18	BDO USA	$95,583	$45.95	138
   19	Liberty Mutual Insurance	$95,416	$45.87	26
   20	Centene	$93,145	$44.78	4

4. Writing an actuarial manager job description

   A good actuarial manager job description should include a few things:

   • Summary of the role
   • List of responsibilities
   • Required skills and experience

   Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of an actuarial manager job description:

   Actuarial manager job description example

   It's fun to work in a company where people truly BELIEVE in what they're doing!
   We're committed to bringing passion and customer focus to the business.
   
   Summary & Key Responsibilities
   
   Leads a team of actuaries responsible for pricing of the Worker's Compensation line of business. Responsible for assuring the profitability and growth of the existing products, as well as lending pricing support for new product development. Also responsible for filing rate changes with state insurance departments. The Actuarial Manager works directly with IT to implement improved processes and systems.
   Key Responsibilities
   Leads a team of Worker's Compensation Actuarial Analysts and or Actuaries that are responsible for reviewing rates in assigned states and recommending rate adjustments necessary to meet our profit targets. Assures that all pricing work adheres to actuarial standards of practice and that key business partners have a clear understanding of actuarial recommendations.Summarizes Worker's Compensation performance metrics for senior management and is available for consultation on developing strategy and direction. Ensures that rate changes are filed with insurance departments according to regulatory requirements.Works with IT to implement rate changes and to maintain the quality of our statistical data.Is a key consultant in the development of more sophisticated pricing tools and segmentation items and leads the implementation of these features.
   
   Qualifications
   Minimum Experience/Education
   A Bachelor's degree in Actuarial Science, Math, Statistics, Economics, Engineering, or other related technical field Membership in the Casualty Actuarial Society (ACAS or FCAS) A minimum of 8+ years of actuarial work experience with increasing responsibility Detailed knowledge of pricing procedures and methodologies Some management experience is preferred
   
   Communication and Collaboration Skills
   Must have strong written and verbal communication skills. Must have the ability to effectively communicate complex technical concepts to both technical and non-technical audiences. Must possess leadership skills to build and develop a team of high-quality actuaries. Must have strong negotiation skills to reach agreements on rate changes that will meet all company objectives.
   
   Problem Solving
   Must make predictions on future outcomes based on limited amounts of data, utilizing actuarial techniques and experience. New data sources and actuarial techniques must be explored and utilized in solving problems. Will have a thorough understanding of regulatory requirements in the area of assignment. Possesses excellent critical thinking skills and creativity in solving problems. Must be able to see the big picture while having an exceptionally detail-oriented focus.
   
   State Auto offers a competitive salary, an annual bonus program, an excellent benefits program including medical, dental, vision and prescription insurance coverage, life insurance, matching 401(k) plan, flexible spending accounts, tuition assistance, and a stock purchase plan.
   
   State Auto is committed to the principle of equal employment opportunity for all associates and applicants and to providing associates with a work environment that is free from discrimination and harassment. All employment decisions (hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, training and work assignments) are based on business needs, job requirements and individual qualifications without regard to race, color, religion, gender, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, marital status, citizenship status, military status, or status as a covered veteran in accordance with applicable federal, state and local laws. State Auto will not tolerate discrimination or harassment based on any of these characteristics.
   
   State Auto is a smoke-free work environment. We utilize background checks as a condition of employment. For all exempt positions we also obtain motor vehicle reports (MVR s). State Auto will not accept candidates from third-party recruiters without a signed agreement with State Auto.
   
   #LI-SA
   
   Full Time / Part Time
   
   Full time
   
   Worker Sub-Type
   
   Regular
   
   If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!

   Copy this example

   

5. Post your job

   To find the right actuarial manager for your business, consider trying out a few different recruiting strategies:

   • Consider internal talent. One of the most important sources of talent for any company is its existing workforce.
   • Ask for referrals. Reach out to friends, family members, and current employees and ask if they know or have worked with actuarial managers they would recommend.
   • Recruit at local colleges. Attend job fairs at local colleges to recruit actuarial managers who meet your education requirements.
   • Social media platforms. LinkedIn, Facebook and Twitter now have more than 3.5 billion users, and you can use social media to reach potential job candidates.

   Post your job online:

   • Post your actuarial manager job on Zippia to find and recruit actuarial manager candidates who meet your exact specifications.
   • Use field-specific websites.
   • Post a job on free websites.

6. Interview candidates

   Recruiting actuarial managers requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.

   It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new actuarial manager

   Once you have selected a candidate for the actuarial manager position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.

   You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.

   To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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