Actuary Consulting Salary in Chicago, Illinois

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Average Salary for Actuary Consulting in Chicago, Illinois

The average salary of a(n) Actuary Consulting in Chicago, Illinois is $152,467.

The average hourly rate of a(n) Actuary Consulting in Chicago, Illinois is $73.30.

The average bonus of a(n) Actuary Consulting in Chicago, Illinois is $7,532.00.

Job Description:

Determines the financial impact of risks and uncertainty, engaging in actuarial sciences. Utilizes statistics and principles of finance and business and applies to problems in life, health, social, and casualty insurance, annuities, and pensions. Oversees others performing actuarial duties. Advancement to the Fellow actuary level (professional designation of Fellowship level) may generally be achieved in five to ten years. Requires completion of the Fellowship exams, which generally may be attained a few years after reaching the Associate level. Designs or reviews insurance and pension plans and calculates premiums. Determines mortality, accident, sickness, disability, and retirement rates; constructs probability tables regarding fire, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information. Decides premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits. Determines equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies. Less

Determines the financial impact of risks and uncertainty, engaging in actuarial sciences. Utilizes statistics and principles of finance and business and applies to problems in life, health, social, and casualty insurance, annuities, and pensions. Oversees others performing actuarial duties. Advancement... More

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