How much does an Actuary II make in Paramus, NJ? The average Actuary II salary in Paramus, NJ is $105,950 as of February 26, 2024, but the range typically falls between $96,215 and $119,200. 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 II Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Actuary II Salary $87,351 Paramus,NJ February 26, 2024
25th Percentile Actuary II Salary $96,215 Paramus,NJ February 26, 2024
50th Percentile Actuary II Salary $105,950 Paramus,NJ February 26, 2024
75th Percentile Actuary II Salary $119,200 Paramus,NJ February 26, 2024
90th Percentile Actuary II Salary $131,262 Paramus,NJ February 26, 2024
25% $96,215 10% $87,351 90% $131,262 75% $119,200 $105,950 50%(Median) Didn’t find job title? Click
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Check out Actuary jobs in Paramus, New Jersey

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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 Paramus, NJ

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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Actuary II salary varies from city to city. Compared with national average salary of Actuary II, the highest Actuary II salary is in San Francisco, CA, where the Actuary II salary is 25.0% above. The lowest Actuary II salary is in Miami, FL, where the Actuary II 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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Step 1 of 3

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Average Base Salary

Core compensation

 
 
 
96215
119200
105950

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
100174
125620
112510
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Actuary II in Paramus, NJ. The base salary for Actuary II ranges from $96,215 to $119,200 with the average base salary of $105,950. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $100,174 to $125,620 with the average total cash compensation of $112,510.
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96215
119200

 

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About Paramus, New Jersey    Paramus (/pəˈræməs/ pə-RAM-əs) is a borough in Bergen County, New Jersey, United States. As of the 2010 United States Census, the borough's population....More

Paramus, New Jersey  area prices were up 1.5% from a year ago    View the Cost of Living in Paramus, New Jersey

Actuary II Salary in popular cities: NewarkJersey CityPaterson

Skills associated with Actuary II: Insurance Plan Design, Insurance Software, Rate Setting, Risk Assessment ...More

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