How much does an Actuary V make in the United States? The average Actuary V salary in the United States is $159,813 as of March 26, 2024, but the range typically falls between $143,181 and $175,014. 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 V Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Actuary V Salary $128,039 US March 26, 2024
25th Percentile Actuary V Salary $143,181 US March 26, 2024
50th Percentile Actuary V Salary $159,813 US March 26, 2024
75th Percentile Actuary V Salary $175,014 US March 26, 2024
90th Percentile Actuary V Salary $188,855 US March 26, 2024
25% $143,181 10% $128,039 90% $188,855 75% $175,014 $159,813 50%(Median) Didn’t find job title? Click
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What skills does an Actuary V 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.


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.

Analysis 8.89%
Underwriting 2.15%
Programming 1.27%
Others 87.69%

Job Description for Actuary V

Actuary V 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 V 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 V 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 V works autonomously. Goals are generally communicated in "solution" or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. To be an Actuary V typically requires 10+ years of related experience. (Copyright 2024 View full job description

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Career Path for Actuary V

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 V, the upper level is Actuarial Fellow and then progresses to Actuarial Services Manager.

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Actuary V salary varies from city to city. Compared with national average salary of Actuary V, the highest Actuary V salary is in San Francisco, CA, where the Actuary V salary is 25.0% above. The lowest Actuary V salary is in Miami, FL, where the Actuary V 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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Includes base and annual incentives

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Actuary V in the United States. The base salary for Actuary V ranges from $143,181 to $175,014 with the average base salary of $159,813. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $155,550 to $197,753 with the average total cash compensation of $177,542.
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Skills associated with Actuary V: Rate Setting, Academic Focus: Mathematics, Financial Reporting, Calculate Payments/Premiums ...More

Salary estimation for Actuary V at companies like : aspxSunrise International Holdings LLC, Elkin Dialysis Center of Wake Forest University, Us Santa Paula I LLC

Jobs with a similar salary range to Actuary V : Principal Actuary

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