How much does an Actuary IV make in New Mexico? The average Actuary IV salary in New Mexico is $130,780 as of February 26, 2024, but the range typically falls between $116,791 and $146,890. 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 $104,054 NM February 26, 2024
25th Percentile Actuary IV Salary $116,791 NM February 26, 2024
50th Percentile Actuary IV Salary $130,780 NM February 26, 2024
75th Percentile Actuary IV Salary $146,890 NM February 26, 2024
90th Percentile Actuary IV Salary $161,557 NM February 26, 2024
25% $116,791 10% $104,054 90% $161,557 75% $146,890 $130,780 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 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

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Job Openings for Actuary IV in New Mexico

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Location Avg. Salary Date Updated
Location Sunland Park, NM Avg. Salary $124,013 Date Updated February 26, 2024
Location Abiquiu, NM Avg. Salary $131,858 Date Updated February 26, 2024
Location Alamogordo, NM Avg. Salary $126,470 Date Updated February 26, 2024
Location Albuquerque, NM Avg. Salary $133,310 Date Updated February 26, 2024
Location Alcalde, NM Avg. Salary $131,858 Date Updated February 26, 2024
Location Algodones, NM Avg. Salary $131,601 Date Updated February 26, 2024
Location Alto, NM Avg. Salary $124,343 Date Updated February 26, 2024
Location Amalia, NM Avg. Salary $131,858 Date Updated February 26, 2024
Location Amistad, NM Avg. Salary $128,880 Date Updated February 26, 2024
Location Angel Fire, NM Avg. Salary $131,858 Date Updated February 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 Services Director.

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Actuary IV Salary in New Mexico
Actuary IV Salary Graph, Regional Distribution and Summary