How much does an Actuary II make in Rapid River, MI? The average Actuary II salary in Rapid River, MI is $85,371 as of May 28, 2024, but the range typically falls between $77,525 and $94,184. 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 II Salary | $70,381 | Rapid River,MI | May 28, 2024 |
25th Percentile Actuary II Salary | $77,525 | Rapid River,MI | May 28, 2024 |
50th Percentile Actuary II Salary | $85,371 | Rapid River,MI | May 28, 2024 |
75th Percentile Actuary II Salary | $94,184 | Rapid River,MI | May 28, 2024 |
90th Percentile Actuary II Salary | $102,207 | Rapid River,MI | May 28, 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.
Health Care: Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration, or cure of disease, illness, injury, and other physical and mental impairments in people.
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).
What Should I Pay?
Actuary II 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 II 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 II 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 II occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be an Actuary II typically requires 2-4 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 II, the upper level is Actuary III and then progresses to Actuary IV.
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Actuary II salary varies from city to city. Compared with national average salary of Actuary II, the highest Actuary II salary is in San Francisco, CA, where the Actuary II salary is 25.0% above. The lowest Actuary II salary is in Miami, FL, where the Actuary II salary is 3.5% lower than national average salary.
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Job Title | Experience | EDUCATION | Salary Compared to This Job |
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Job Title Actuary I | Experience 0 - 2 | 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 II | Experience 2 - 4 | EducationJD | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Actuary II salary of your education level.
Actuary II salary varies from country to country. There are several factors that mainly impact the Actuary II salary, including cost of living, economic conditions, market rates and legal differences. Click below to Actuary II salary of the other country.
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About Rapid River, Michigan Rapid River is an unincorporated community in Masonville Township, Delta County in the U.S. state of Michigan. It is situated on the northern end of t....More
Rapid River, Michigan area prices were up 1.3% from a year ago View the Cost of Living in Rapid River, Michigan
Actuary II Salary in popular cities: Detroit, Grand Rapids, Warren
Skills associated with Actuary II: Financial Analysis, Financial Reporting, Insurance Plan Design, Statistics and Actuarial Modeling ...More
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