As of April 01, 2025, the average annual salary for an Actuary III in Palatine, IL is $118,511. According to Salary.com, salaries can range from a low of $96,010 to a high of $141,542, with most professionals earning between $106,733 and $130,567.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $129,031 | $10,753 | $2,481 | $62 |
| Average | $117,118 | $9,760 | $2,252 | $56 |
| 25th Percentile | $105,478 | $8,790 | $2,028 | $51 |
An entry-level Actuary III with under 1 year experience makes about $110,524. With less than 2 years of experience, a mid-level Actuary III makes around $111,373. After 2-4 years, the Actuary III pay rises to about $113,072. Those senior Actuary III with 5-8 years of experience earn roughly $119,243, and those Actuary III having 8 years or more experience are expected to earn about $122,505 on average.
| Levels | Salary |
|---|---|
| Entry Level Actuary III | $110,524 |
| Intermediate Level Actuary III | $111,373 |
| Senior Level Actuary III | $113,072 |
| Specialist Level Actuary III | $119,243 |
| Expert Level Actuary III | $122,505 |
| Entry Level | 6% |
| Mid Level | 5% |
| Senior Level | 3% |
| Top Level | 2% |
| Experienced | 5% |
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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.
| Skill | Salary | Demand |
|---|---|---|
|
ISO
|
$129,177 |
9%
|
|
Coaching
|
$127,992 |
8%
|
|
Teamwork
|
$124,437 |
5%
|
|
Project Management
|
$123,252 |
4%
|
|
Listening
|
$122,067 |
3%
|
|
Leadership
|
$122,067 |
3%
|
