How much does an Actuary III make in Jackson, MS? The average Actuary III salary in Jackson, MS is $100,046 as of March 26, 2024, but the range typically falls between $90,199 and $110,549. 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. 

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Actuary III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Actuary III Salary $81,234 Jackson,MS March 26, 2024
25th Percentile Actuary III Salary $90,199 Jackson,MS March 26, 2024
50th Percentile Actuary III Salary $100,046 Jackson,MS March 26, 2024
75th Percentile Actuary III Salary $110,549 Jackson,MS March 26, 2024
90th Percentile Actuary III Salary $120,112 Jackson,MS March 26, 2024
25% $90,199 10% $81,234 90% $120,112 75% $110,549 $100,046 50%(Median) Didn’t find job title? Click
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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 8.48%
Life Insurance 2.16%
Programming 1.3%
Others 88.06%

Job Description for Actuary III

Actuary III utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Being an Actuary III assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Additionally, Actuary III applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Must be currently pursuing the designation of ASA (Associate) in the Society of Actuaries. Typically reports to a manager. The Actuary III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be an Actuary III typically requires 4-7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Actuary III in Jackson, MS

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 3.5% 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
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

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

Average Base Salary

Core compensation

 
 
 
90199
110549
100046

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
94871
119236
106616
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Actuary III in Jackson, MS. The base salary for Actuary III ranges from $90,199 to $110,549 with the average base salary of $100,046. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $94,871 to $119,236 with the average total cash compensation of $106,616.
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90199
110549

 

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About Jackson, Mississippi    Jackson is located primarily in northeastern Hinds County, with small portions in Madison and Rankin counties. The Pearl River forms most of the easte....More

Jackson, Mississippi  area prices were up 1.2% from a year ago    View the Cost of Living in Jackson, Mississippi

Actuary III Salary in popular cities: GulfportHattiesburgSouthaven

Skills associated with Actuary III: Calculate Payments/Premiums, Document Preparation, Academic Focus: Mathematics, Statistics and Actuarial Modeling ...More

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