How much does an Actuary IV make in Mount Prospect, IL? The average Actuary IV salary in Mount Prospect, IL is $149,056 as of February 26, 2024, but the range typically falls between $133,112 and $167,417. 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, Salary.com helps you determine your exact pay target. 

500+ Actuary job openings Go >
Actuary IV Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Actuary IV Salary $118,595 Mount Prospect,IL February 26, 2024
25th Percentile Actuary IV Salary $133,112 Mount Prospect,IL February 26, 2024
50th Percentile Actuary IV Salary $149,056 Mount Prospect,IL February 26, 2024
75th Percentile Actuary IV Salary $167,417 Mount Prospect,IL February 26, 2024
90th Percentile Actuary IV Salary $184,133 Mount Prospect,IL February 26, 2024
25% $133,112 10% $118,595 90% $184,133 75% $167,417 $149,056 50%(Median) Didn’t find job title? Click
Change Search Criteria

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 conducts analysis, pricing and risk assessment to estimate financial outcomes. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Being an Actuary IV develops probability tables regarding fire, natural disasters, death, unemployment, etc. based on analysis of statistical data and other pertinent information. Incumbents have achieved an Associate, Society of Actuaries (ASA) designation and may be pursuing a Fellow, Society of Actuaries (FSA) designation. Additionally, Actuary IV requires a bachelor's degree. Typically reports to a manager. Actuary IV is a specialist on complex technical and business matters. Work is highly independent. May assume a team lead role for the work group. To be an Actuary IV typically requires 7+ years of related experience. (Copyright 2024 Salary.com)... View full job description

Employers: Job Description Management Tool

See user submitted job responsibilities for Actuary IV.

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.

Job Openings for Actuary IV in Mount Prospect, IL

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 Services Director.

Not the job you're looking for? Search more salaries here:
See if your skills match up? Check skills for Actuary IV

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst

Actuary IV salary varies from city to city. Compared with national average salary of Actuary IV, the highest Actuary IV salary is in San Francisco, CA, where the Actuary IV salary is 25.0% above. The lowest Actuary IV salary is in Miami, FL, where the Actuary IV salary is 2.9% 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
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for an Actuary IV, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
133112
167417
149056

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
144906
190407
165914
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Actuary IV in Mount Prospect, IL. The base salary for Actuary IV ranges from $133,112 to $167,417 with the average base salary of $149,056. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $144,906 to $190,407 with the average total cash compensation of $165,914.
Similar Job Titles:
See additional Similar Jobs
Step 2 of 3

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

133112
167417

 

Step 3 of 3

How much should you be paid?

About Mount Prospect, Illinois    Mount Prospect is a village in Elk Grove and Wheeling Townships in Cook County, Illinois, about 20 miles (32 km) northwest of downtown Chicago, and ap....More

Mount Prospect, Illinois  area prices were up 0.8% from a year ago    View the Cost of Living in Mount Prospect, Illinois

Actuary IV Salary in popular cities: ChicagoAuroraRockford

Skills associated with Actuary IV: Statistics and Actuarial Modeling, Risk Analysis, Insurance Plan Design, Forecasting ...More

Recently searched related titles: Senior Actuarial Consultant

Salary estimation for Actuary IV at companies like : SOLCO America, Hendersonville Police Dept, OATH HOLDINGS Inc