How much does an Actuary I make in Prairieburg, IA? The average Actuary I salary in Prairieburg, IA is $76,563 as of August 27, 2024, but the range typically falls between $68,447 and $84,441. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Percentile | Salary | Location | Last Updated |
10th Percentile Actuary I Salary | $61,058 | Prairieburg,IA | August 27, 2024 |
25th Percentile Actuary I Salary | $68,447 | Prairieburg,IA | August 27, 2024 |
50th Percentile Actuary I Salary | $76,563 | Prairieburg,IA | August 27, 2024 |
75th Percentile Actuary I Salary | $84,441 | Prairieburg,IA | August 27, 2024 |
90th Percentile Actuary I Salary | $91,613 | Prairieburg,IA | August 27, 2024 |
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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
Collective Bargaining: Collective bargaining is a process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights for workers. The interests of the employees are commonly presented by representatives of a trade union to which the employees belong. The collective agreements reached by these negotiations usually set out wage scales, working hours, training, health and safety, overtime, grievance mechanisms, and rights to participate in workplace or company affairs. The union may negotiate with a single employer (who is typically representing a company's shareholders) or may negotiate with a group of businesses, depending on the country, to reach an industry-wide agreement. A collective agreement functions as a labour contract between an employer and one or more unions. Collective bargaining consists of the process of negotiation between representatives of a union and employers (generally represented by management, or, in some countries such as Austria, Sweden and the Netherlands, by an employers' organization) in respect of the terms and conditions of employment of employees, such as wages, hours of work, working conditions, grievance procedures, and about the rights and responsibilities of trade unions. The parties often refer to the result of the negotiation as a collective bargaining agreement (CBA) or as a collective employment agreement (CEA).
Skill | Salary | Demand |
---|---|---|
Communication Skills
|
$78,860 |
3%
|
Reinsurance
|
$78,860 |
3%
|
Risk Management
|
$78,860 |
3%
|
Insight
|
$78,095 |
2%
|
Programming
|
$78,095 |
2%
|
Leadership
|
$78,095 |
2%
|
What Should I Pay?
Actuary I utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Being an Actuary I assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Additionally, Actuary I applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Must be currently pursuing the designation of ASA (Associate) in the Society of Actuaries. Typically reports to a manager. The Actuary I work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Actuary I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description
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A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.
For Actuary I, the upper level is Actuary II and then progresses to Actuary IV.
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Actuary I salary varies from city to city. Compared with national average salary of Actuary I, the highest Actuary I salary is in San Francisco, CA, where the Actuary I salary is 25.0% above. The lowest Actuary I salary is in Miami, FL, where the Actuary I salary is 3.5% lower than national average salary.
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Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Actuary II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Actuary III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Job Title Actuary IV | Experience 7 + | EducationBachelors | Salary Compared to This Job |
Job Title Actuary V | Experience 10 + | EducationBachelors | Salary Compared to This Job |
Job Title Attorney I | Experience 0 - 2 | EducationJD | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Actuary I salary of your education level.
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Actuary I salary varies from category to category. Click below to see Actuary I salary in different categories.
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Core compensation
Includes base and annual incentives
About Prairieburg, Iowa Prairieburg is a city in Linn County, Iowa, United States. The population was 178 at the 2010 census. It is part of the Cedar Rapids Metropolitan Stat....More
Prairieburg, Iowa area prices were up 0.8% from a year ago View the Cost of Living in Prairieburg, Iowa
Actuary I Salary in popular cities: Des Moines, Cedar Rapids, Davenport
Skills associated with Actuary I: Risk Assessment, Insurance Plan Design, Data Analysis, Financial Analysis ...More
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