How much does an Actuary IV make in North Carolina? The average Actuary IV salary in North Carolina is $131,810 as of March 26, 2024, but the range typically falls between $119,045 and $146,419. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

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Actuary IV Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Actuary IV Salary $107,424 NC March 26, 2024
25th Percentile Actuary IV Salary $119,045 NC March 26, 2024
50th Percentile Actuary IV Salary $131,810 NC March 26, 2024
75th Percentile Actuary IV Salary $146,419 NC March 26, 2024
90th Percentile Actuary IV Salary $159,720 NC March 26, 2024
25% $119,045 10% $107,424 90% $159,720 75% $146,419 $131,810 50%(Median) Didn’t find job title? Click
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What skills does an Actuary IV 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.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

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.

3.

Programming: Executing logic to facilitate computing operations and functionality in one or more languages.

Analysis 8.91%
Underwriting 2.13%
Programming 1.27%
Others 87.69%

Job Description for Actuary IV

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. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Actuary IV in North Carolina

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Location Avg. Salary Date Updated
Location Aberdeen, NC Avg. Salary $123,847 Date Updated March 26, 2024
Location Advance, NC Avg. Salary $128,515 Date Updated March 26, 2024
Location Ahoskie, NC Avg. Salary $128,515 Date Updated March 26, 2024
Location Alamance, NC Avg. Salary $128,652 Date Updated March 26, 2024
Location Albemarle, NC Avg. Salary $129,476 Date Updated March 26, 2024
Location Albertson, NC Avg. Salary $124,259 Date Updated March 26, 2024
Location Alexander, NC Avg. Salary $126,181 Date Updated March 26, 2024
Location Alexis, NC Avg. Salary $133,046 Date Updated March 26, 2024
Location Alliance, NC Avg. Salary $124,808 Date Updated March 26, 2024
Location Almond, NC Avg. Salary $124,945 Date Updated March 26, 2024

Career Path for Actuary IV

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 IV, the upper level is Actuary V and then progresses to Actuarial Fellow.

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Actuary IV Salary in North Carolina
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