Actuary Salary at The Mers BETA

How much does a The Mers Actuary make?

As of April 2025, the average annual salary for an Actuary at The Mers is $99,845, which translates to approximately $48 per hour. Salaries for Actuary at The Mers typically range from $89,535 to $107,729, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Website:
mersofmich.com
Size:
50 - 100 Employees
Revenue:
$10M - $50M
Industry:
Insurance

MERS is a independent retirement service that provides customers with retirement plans for Michigan municipalities on a not-for-profit basis. They provide customizable plans to fit any budget, need or goal.

See similar companies related to The Mers

What Skills Does a person Need at The Mers?

At The Mers, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Actuarial: Actuarial performs complex calculations to determine the likelihood of various outcomes related to accidents, illnesses, consumer demand, and investments.
  2. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  3. Pricing: Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.
  4. Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.
  5. Actuarial Science: The discipline that applies mathematical and statistical methods to assess risk in insurance, pension, finance, investment and other industries and professions. More generally, actuaries apply rigorous mathematics to model matters of uncertainty.

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Check more jobs information at The Mers

Job Title Average The Mers Salary Hourly Rate
2 Accountant $77,440 $37
3 Administrative Assistant $45,848 $22
4 Business Analyst $89,072 $43
5 Chief Operating Officer $423,875 $204
6 Cleaner $25,591 $12
7 Director, Finance $170,206 $82
8 Director, Human Resources $156,613 $75
9 Executive Assistant $75,291 $36
10 Instructional Designer $80,881 $39
11 IT Systems Administrator $74,709 $36
12 IT Systems Engineer $67,316 $32
13 Legal Office Administrator $36,064 $17

Hourly Pay at The Mers

The average hourly pay at The Mers for an Actuary is $48 per hour. The location, department, and job description all have an impact on the typical compensation for The Mers positions. The pay range and total remuneration for the job title are shown in the table below. The Mers may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $99,845 look to you?

FAQ about Salary and Jobs at The Mers

1. How much does The Mers pay per hour?
The average hourly pay is $48. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at The Mers?
According to the data, the highest approximate salary is about $107,729 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at The Mers?
According to the data, the lowest estimated salary is about $89,535 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.