How much does an Actuary II make in Massachusetts? The average Actuary II salary in Massachusetts is $99,918 as of February 26, 2024, but the range typically falls between $90,737 and $112,413. 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.

Actuary II Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Actuary II Salary $82,378 MA February 26, 2024
25th Percentile Actuary II Salary $90,737 MA February 26, 2024
50th Percentile Actuary II Salary $99,918 MA February 26, 2024
75th Percentile Actuary II Salary $112,413 MA February 26, 2024
90th Percentile Actuary II Salary $123,789 MA February 26, 2024
25% $90,737 10% $82,378 90% $123,789 75% $112,413 $99,918 50%(Median) Didn’t find job title? Click
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SaniSure LLC - Camarillo, CA

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Project Manager (Hybrid): 24-00020

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What skills does an Actuary II 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.

Health care: Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration, or cure of disease, illness, injury, and other physical and mental impairments in people.

3.

Collective Bargaining: Collective bargaining is a process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights for workers. The interests of the employees are commonly presented by representatives of a trade union to which the employees belong. The collective agreements reached by these negotiations usually set out wage scales, working hours, training, health and safety, overtime, grievance mechanisms, and rights to participate in workplace or company affairs. The union may negotiate with a single employer (who is typically representing a company's shareholders) or may negotiate with a group of businesses, depending on the country, to reach an industry-wide agreement. A collective agreement functions as a labour contract between an employer and one or more unions. Collective bargaining consists of the process of negotiation between representatives of a union and employers (generally represented by management, or, in some countries such as Austria, Sweden and the Netherlands, by an employers' organization) in respect of the terms and conditions of employment of employees, such as wages, hours of work, working conditions, grievance procedures, and about the rights and responsibilities of trade unions. The parties often refer to the result of the negotiation as a collective bargaining agreement (CBA) or as a collective employment agreement (CEA).

Analysis 2.51%
Health care 0.66%
Collective Bargaining 0.38%
Others 96.45%

Job Description for Actuary II

Actuary II 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 II develops probability tables regarding fire, natural disasters, death, unemployment, etc. based on analysis of statistical data and other pertinent information. Incumbents typically pursuing an Associate, Society of Actuaries (ASA) designation. Additionally, Actuary II requires a bachelor's degree of accounting or finance. Typically reports to a supervisor or a manager. The Actuary II gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be an Actuary II typically requires 2 to 4 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Actuary II in Massachusetts

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Location Avg. Salary Date Updated
Location Attleboro, MA Avg. Salary $96,676 Date Updated February 26, 2024
Location Barnstable, MA Avg. Salary $97,718 Date Updated February 26, 2024
Location Fitchburg, MA Avg. Salary $97,885 Date Updated February 26, 2024
Location Hyannis, MA Avg. Salary $97,379 Date Updated February 26, 2024
Location Leominster, MA Avg. Salary $96,674 Date Updated February 26, 2024
Location Malden, MA Avg. Salary $103,444 Date Updated February 26, 2024
Location Methuen, MA Avg. Salary $98,055 Date Updated February 26, 2024
Location Newton, MA Avg. Salary $103,444 Date Updated February 26, 2024
Location Revere, MA Avg. Salary $103,444 Date Updated February 26, 2024
Location Weymouth, MA Avg. Salary $100,258 Date Updated February 26, 2024

Career Path for Actuary II

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

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Jobs with a similar salary range to Actuary II : Actuarial Intern

Actuary II Salary in Massachusetts
Actuary II Salary Graph, Regional Distribution and Summary