How much does an Actuary III make in the United States? The average Actuary III salary in the United States is $112,537 as of March 26, 2024, but the range typically falls between $101,461 and $124,353. 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, helps you determine your exact pay target. 

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Actuary III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Actuary III Salary $91,377 US March 26, 2024
25th Percentile Actuary III Salary $101,461 US March 26, 2024
50th Percentile Actuary III Salary $112,537 US March 26, 2024
75th Percentile Actuary III Salary $124,353 US March 26, 2024
90th Percentile Actuary III Salary $135,110 US March 26, 2024
25% $101,461 10% $91,377 90% $135,110 75% $124,353 $112,537 50%(Median) Didn’t find job title? Click
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What skills does an Actuary III need?

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.


Life Insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period


Programming: Executing logic to facilitate computing operations and functionality in one or more languages.

Analysis 8.48%
Life Insurance 2.16%
Programming 1.3%
Others 88.06%

Job Description for Actuary III

Actuary III 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 III 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 III 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 III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be an Actuary III typically requires 4-7 years of related experience. (Copyright 2024 View full job description

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Career Path for Actuary III

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 III, the upper level is Actuary IV and then progresses to Actuary V.

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Actuary III salary varies from city to city. Compared with national average salary of Actuary III, the highest Actuary III salary is in San Francisco, CA, where the Actuary III salary is 25.0% above. The lowest Actuary III salary is in Miami, FL, where the Actuary III salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average

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These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Actuary III in the United States. The base salary for Actuary III ranges from $101,461 to $124,353 with the average base salary of $112,537. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $106,717 to $134,124 with the average total cash compensation of $119,928.
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Skills associated with Actuary III: Calculate Payments/Premiums, Document Preparation, Academic Focus: Mathematics, Statistics and Actuarial Modeling ...More

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Actuary III Salary in United States
Actuary III Salary Graph, Regional Distribution and Summary