Alabama Insurance Underwriting Association Accounts Payable Associate Salary

Accounts Payable Associate Salary at Alabama Insurance Underwriting Association BETA

How much does an Alabama Insurance Underwriting Association Accounts Payable Associate make?

As of March 2025, the average annual salary for an Accounts Payable Associate at Alabama Insurance Underwriting Association is $37,322, which translates to approximately $18 per hour. Salaries for Accounts Payable Associate at Alabama Insurance Underwriting Association typically range from $34,176 to $40,483, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Alabama Insurance Underwriting Association Overview

Website:
aiua.org
Size:
<25 Employees
Revenue:
$5M - $10M
Industry:
Insurance

The Alabama Insurance Underwriting Association (AIUA) was voluntarily formed in the early 1970's by Insurance Industry leaders in co-operation with the Alabama Department of Insurance. In 2008, the Alabama legislature codified AIUA along with its articles of agreement, plan of operation, and rules and procedures. The mission of Alabama Insurance Underwriting Association (AIUA) is to provide a market for owners of eligible property located in coastal areas of Baldwin and Mobile counties to obtain essential insurance when they are unable to obtain coverage in the private insurance market. AIUA has successfully and efficiently served this mission for more than 40 years. By design, AIUA policies provide basic, no frills, coverage at rates that are generally higher than the average rates offered in the private market for a policy providing broad coverage options. Typically, a property owner will seek an AIUA policy as a "last resort" because they have been unable to find better coverage at lower rates elsewhere. Several factors including the average annual loss ("routine", non-storm losses), the Probable Maximum Loss (PML) that can be expected in the event of a catastrophic loss (several different modeling algorithms are used in this process), and the routine operating expense of the AIUA, are used by independent actuaries to determine an actuarially sound rate sufficient to cover the cost of AIUA operating expenses, routine claims and the cost of purchasing reinsurance. These rates are then filed with the Alabama Department of Insurance where they are carefully analyzed by the Department before they are approved and implemented. AIUA offers several deductible options, including higher deductible options which may reduce annual premiums substantially. AIUA also offers hefty premium discounts to property owners who build new homes to "fortified" standards or install (wind) loss mitigation features, such as hurricane wind resistive shingles, roof straps, impact resistant doors, windows and shudders etc to their ...

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What Skills Does a person Need at Alabama Insurance Underwriting Association?

At Alabama Insurance Underwriting Association, specify the abilities and skills that a person needs in order to carry out the specified job duties. 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. Accounts Payable: Accounts payable (AP) is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.
  2. Accounting: Creating financial statements and reports based on the summary of financial and business transactions.
  3. Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  4. Data entry: Transcribing information into an electronic medium such as a computer or other electronic device.
  5. Microsoft Office: Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.

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Check more jobs information at Alabama Insurance Underwriting Association

Job Title Average Alabama Insurance Underwriting Association Salary Hourly Rate
2 President $635,243 $305
3 Senior Accounting Administrator $92,845 $45
4 Administrative Officer $34,577 $17
5 Loss Control Specialist $49,252 $24
6 Manager, Information Technology $108,136 $52
7 Office Manager $63,654 $31
8 Senior IT Administrator $92,840 $45
9 Underwriter $71,010 $34
10 Assistant Manager, Operations $143,992 $69
11 Assistant Underwriter $39,183 $19
12 Customer Service Representative $28,912 $14
13 Executive Assistant $65,824 $32

Hourly Pay at Alabama Insurance Underwriting Association

The average hourly pay at Alabama Insurance Underwriting Association for an Accounts Payable Associate is $18 per hour. The location, department, and job description all have an impact on the typical compensation for Alabama Insurance Underwriting Association positions. The pay range and total remuneration for the job title are shown in the table below. Alabama Insurance Underwriting Association may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $37,322 look to you?

FAQ about Salary and Jobs at Alabama Insurance Underwriting Association

1. How much does Alabama Insurance Underwriting Association pay per hour?
The average hourly pay is $18. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Alabama Insurance Underwriting Association?
According to the data, the highest approximate salary is about $40,483 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Alabama Insurance Underwriting Association?
According to the data, the lowest estimated salary is about $34,176 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.