As of March 01, 2025, the average annual salary for an Actuary IV in Elgin, IL is $145,667. Salary.com reports that pay typically ranges from $131,559 to $161,807, with most professionals earning between $118,715 and $176,502.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $156,790 | $13,066 | $3,015 | $75 |
| Average | $141,150 | $11,762 | $2,714 | $68 |
| 25th Percentile | $127,480 | $10,623 | $2,452 | $61 |
An entry-level Actuary IV with under 1 year experience makes about $136,581. With less than 2 years of experience, a mid-level Actuary IV makes around $137,621. After 2-4 years, the Actuary IV pay rises to about $138,660. Those senior Actuary IV with 5-8 years of experience earn roughly $142,403, and those Actuary IV having 8 years or more experience are expected to earn about $150,284 on average.
| Levels | Salary |
|---|---|
| Entry Level Actuary IV | $136,581 |
| Intermediate Level Actuary IV | $137,621 |
| Senior Level Actuary IV | $138,660 |
| Specialist Level Actuary IV | $142,403 |
| Expert Level Actuary IV | $150,284 |
| Entry Level | 3% |
| Mid Level | 3% |
| Senior Level | 2% |
| Top Level | 1% |
| Experienced | 6% |
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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.
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.
| Skill | Salary | Demand |
|---|---|---|
|
Data Analysis
|
$171,887 |
18%
|
|
Listening
|
$166,060 |
14%
|
|
Communication Skills
|
$163,147 |
12%
|
|
Leadership
|
$158,777 |
9%
|
|
Analysis
|
$157,320 |
8%
|
|
Consulting
|
$157,320 |
8%
|
