How much does an Actuary III make hourly at companies like MANHATTAN BRIDGE CAPITAL INC in the United States? The average hourly wage for an Actuary III at companies like MANHATTAN BRIDGE CAPITAL INC in the United States is $57 as of March 26, 2024, but the range typically falls between $51 and $63. Hourly rate 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, Salary.com helps you determine your exact pay target. View the Cost of Living in Major Cities
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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 Salary.com)
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Core compensation
Includes base and short-term incentives
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