How much does an Actuary III make in Potomac, MD? The average Actuary III salary in Potomac, MD is $128,400 as of February 26, 2024, but the range typically falls between $113,746 and $141,512. 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. 

Actuary III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Actuary III Salary $100,403 Potomac,MD February 26, 2024
25th Percentile Actuary III Salary $113,746 Potomac,MD February 26, 2024
50th Percentile Actuary III Salary $128,400 Potomac,MD February 26, 2024
75th Percentile Actuary III Salary $141,512 Potomac,MD February 26, 2024
90th Percentile Actuary III Salary $153,450 Potomac,MD February 26, 2024
25% $113,746 10% $100,403 90% $153,450 75% $141,512 $128,400 50%(Median) Didn’t find job title? Click
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Check out Actuary jobs in Potomac, Maryland

Global Payroll Manager

SaniSure LLC - Camarillo, CA

Project Manager (Hybrid): 24-00020

Platinum Resource Group - Newport Beach, CA

Actuarial Intern

Worker's Compensation Insurance Rating Bureau - Oakland, CA

Tax Manager

Search Heights - Phoenix, AZ

What skills does an Actuary III 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.

Life insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period

3.

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

Analysis 2.19%
Life insurance 0.56%
Programming 0.34%
Others 96.91%

Job Description for Actuary III

Actuary III 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 III develops probability tables regarding fire, natural disasters, death, unemployment, etc. based on analysis of statistical data and other pertinent information. Incumbents typically have achieved an Associate, Society of Actuaries (ASA) designation. Additionally, Actuary III requires a bachelor's degree. Typically reports to a manager. The Actuary III contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. To be an Actuary III typically requires 4 to 7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Actuary III in Potomac, MD

Career Path for Actuary III

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

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

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Average Base Salary

Core compensation

 
 
 
113746
141512
128400

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
118142
152668
136368
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Actuary III in Potomac, MD. The base salary for Actuary III ranges from $113,746 to $141,512 with the average base salary of $128,400. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $118,142 to $152,668 with the average total cash compensation of $136,368.
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113746
141512

 

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About Potomac, Maryland    Potomac (listen (help·info)) is a census-designated place (CDP) in Montgomery County, Maryland, United States, named for the nearby Potomac River. In ....More

Potomac, Maryland  area prices were up 1.3% from a year ago    View the Cost of Living in Potomac, Maryland

Actuary III Salary in popular cities: BaltimoreColumbiaGermantown

Skills associated with Actuary III: Rate Setting, Forecasting, Risk Assessment, Insurance Software ...More

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