How much does an Actuary IV make in Michigan? The average Actuary IV salary in Michigan is $140,617 as of February 26, 2024, but the range typically falls between $125,576 and $157,938. 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.
Percentile | Salary | Location | Last Updated |
10th Percentile Actuary IV Salary | $111,881 | MI | February 26, 2024 |
25th Percentile Actuary IV Salary | $125,576 | MI | February 26, 2024 |
50th Percentile Actuary IV Salary | $140,617 | MI | February 26, 2024 |
75th Percentile Actuary IV Salary | $157,938 | MI | February 26, 2024 |
90th Percentile Actuary IV Salary | $173,708 | MI | February 26, 2024 |
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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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
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.
Programming: Executing logic to facilitate computing operations and functionality in one or more languages.
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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Location | Avg. Salary | Date Updated |
---|---|---|
Location Taylor, MI | Avg. Salary $143,130 | Date Updated February 26, 2024 |
Location Acme, MI | Avg. Salary $133,616 | Date Updated February 26, 2024 |
Location Ada, MI | Avg. Salary $137,501 | Date Updated February 26, 2024 |
Location Addison, MI | Avg. Salary $143,239 | Date Updated February 26, 2024 |
Location Adrian, MI | Avg. Salary $140,779 | Date Updated February 26, 2024 |
Location Afton, MI | Avg. Salary $131,744 | Date Updated February 26, 2024 |
Location Ahmeek, MI | Avg. Salary $134,679 | Date Updated February 26, 2024 |
Location Akron, MI | Avg. Salary $131,896 | Date Updated February 26, 2024 |
Location Alanson, MI | Avg. Salary $131,744 | Date Updated February 26, 2024 |
Location Alba, MI | Avg. Salary $131,744 | Date Updated February 26, 2024 |
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.
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Actuary I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Actuary II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Actuary III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Job Title Actuary V | Experience 10 + | EducationBachelors | Salary Compared to This Job |
Job Title Attorney IV | Experience 7 + | EducationJD | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Actuary IV salary of your education level.
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Actuary IV salary varies from category to category. Click below to see Actuary IV salary in different categories.
About Michigan Michigan consists of two peninsulas that lie between 82°30' to about 90°30' west longitude, and are separated by the Straits of Mackinac. The 45th par....More
Skills associated with Actuary IV: Statistics and Actuarial Modeling, Risk Analysis, Insurance Plan Design, Forecasting ...More
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Salary estimation for Actuary IV at companies like : SOLCO America, Hendersonville Police Dept, OATH HOLDINGS Inc