As of December 01, 2024, the average annual pay of Actuary IV in the United States is $140,106. While Salary.com is seeing that Actuary IV salary in the US can go up to $169,766 or down to $114,179, but most earn between $126,535 and $155,631. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Actuary IV in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $155,631 | $12,969 | $2,993 | $75 |
| Average | $140,106 | $11,675 | $2,694 | $67 |
| 25th Percentile | $126,535 | $10,545 | $2,433 | $61 |
As of December 01, 2024, Salary.com is seeing that an entry-level Actuary IV with under 1 year experience makes about $132,346. With less than 2 years of experience, a mid-level Actuary IV makes around $133,353. After 2-4 years, the Actuary IV pay rises to about $134,361. Those senior Actuary IV with 5-8 years of experience earn roughly $137,988, and those Actuary IV having 8 years or more experience is expected to earn about $145,624 on average.
| Levels | Salary |
|---|---|
| Entry Level Actuary IV | $132,346 |
| Intermediate Level Actuary IV | $133,353 |
| Senior Level Actuary IV | $134,361 |
| Specialist Level Actuary IV | $137,988 |
| Expert Level Actuary IV | $145,624 |
| Entry Level | 6% |
| Mid Level | 5% |
| Senior Level | 4% |
| Top Level | 2% |
| Experienced | 4% |
Salaries in the United States can vary significantly from state to state due to a multitude of factors, including cost of living, local economic conditions, and industry presence.
For example, as of December 01, 2024, the average yearly salary of Actuary IV is $154,537 in California and in Massachusetts, the average annual salary goes to $152,435. While in New Jersey, an Actuary IV earns $153,556 per year.
What Am I Worth?
Salaries in the United States can vary significantly from city to city due to a multitude of factors, including cost of living, local economic conditions, and industry presence.
For example, as of December 01, 2024, the average yearly salary of Actuary IV in San Francisco, CA is $175,132 and in New York, NY, the average annual salary goes to $163,643. While an Actuary IV earns $157,058 per year in Boston, MA.
For those exploring the changing dynamics of Actuary IV salaries, Salary.com offers detailed insights through our Job Trending in CA Labor Market analysis. As of December 01, 2024, our research highlights a notable shift in Actuary IV compensation over the past six years. For instance, the median salary has moved from $128,541 in 2023 to about $131,007 in 2024 (for a comprehensive analysis of Actuary IV salary trends, click here). It's crucial to consider several elements, including geographical location, experience level, industry demand, and economic development, as they play a significant role in influencing salary variations.
Salary.com job board provides millions of Actuary IV information for you to search for. Click on search button below to see Actuary IV job openings or enter a new job title here.
Here are companies hiring for Actuary IV and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $140,106 | 66.2% | ||
| Bonus | $14,381 | 6.8% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $11,818 | 5.6% | ||
| 401K/403B | $6,488 | 3.1% | ||
| Disability | $3,090 | 1.5% | ||
| Healthcare | $8,352 | 3.9% | ||
| Pension | $8,342 | 3.9% | ||
| Time Off | $19,014 | 9.0% | ||
| Total Compensation | $211,592 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 3.0% |
| High School | 3.0% |
| Associates | 3.0% |
| Bachelors | 45.5% |
| Masters | 45.5% |
What Am I Worth?
The average annual salary of Actuary IV is $140,106. In case you are finding an easy salary calculator, the average hourly pay of Actuary IV is $67; the average weekly pay of Actuary IV is $2,694; the average monthly pay of Actuary IV is $11,675.
An Actuary IV's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, an Actuary IV earns the most in San Jose, CA, where the annual salary of an Actuary IV is $175,833.
The highest pay for Actuary IV is $169,766.
The lowest pay for Actuary IV is $114,179.
Actuary IV 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 IV 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 IV 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. Requires Associate of Society of Actuaries (ASA). Typically reports to a manager. The Actuary IV work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. To be an Actuary IV typically requires 7+ years of related experience.
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.
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.
Programming: Executing logic to facilitate computing operations and functionality in one or more languages.
