Program Salary at Balan Inc BETA

How much does a Balan Inc Program make?

As of April 2025, the average annual salary for a Program at Balan Inc is $119,008, which translates to approximately $57 per hour. Salaries for Program at Balan Inc typically range from $106,785 to $131,024, 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.

Balan Inc Overview

Website:
balanceuw.com
Size:
<25 Employees
Revenue:
<$5M
Industry:
Insurance

For the past decade, the MGA/MGU business has grown at an unprecedented rate. Demand for program business and new relationships has grown significantly as both reinsurers and insurers seek access to business in the face of rate pressure; an increased need to identify untapped distribution channels, and lastly; many carriers inability to adapt to the changing landscape across nearly every commercial line of business. That changing landscape is essentially driven by challenging carrier expense ratios coupled with the need for implementation of technology both in terms of delivering products and increasing the processing speed at the point of sale, issuance, as well as after sales service support. As many carriers (and many legacy MGUs) struggle with this paradigm shift, it has created a void that has become filled with newer MGUs/outsourced alternatives, which have been able to invest in the business of underwriting and technology, without the impact of any legacy issues. An MGU lives and dies by its reputation. A reputation, in turn, is built by the actions of its leaders. Effective leaders will never put the profits of the MGU ahead of the underwriting profits of the capacity which it represents as the integrity and sustainability of the firm will forever be compromised. It requires a managed Balance. That is why we chose to brand our firm Balance and best represents what has become forgotten in the outsourced underwriting model. For our MGU, that balance is the most fundamental, core element of the value proposition. It shapes everything we do (and do not do) and it is the guiding light by which each and every one of our colleagues will carry out the task at hand.

See similar companies related to Balan Inc

What Skills Does a person Need at Balan Inc?

At Balan Inc, 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. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  2. Employee Relations: Establishing and managing all interactions with employees to achieve the goals of the organization.
  3. Initiative: Taking decisive action and initiating plans independently to address problems, improve professional life, and achieve goals.
  4. Planning: An act or process of making or carrying out plans. Establishment of goals, policies, and procedures for a social or economic unit city planning business planning.
  5. Onboarding: Onboarding, also known as organizational socialization, is management jargon first created in the 1970's that refers to the mechanism through which new employees acquire the necessary knowledge, skills, and behaviors in order to become effective organizational members and insiders. It is the process of integrating a new employee into the organization and its culture. Tactics used in this process include formal meetings, lectures, videos, printed materials, or computer-based orientations to introduce newcomers to their new jobs and organizations. Research has demonstrated that these socialization techniques lead to positive outcomes for new employees such as higher job satisfaction, better job performance, greater organizational commitment, and reduction in occupational stress and intent to quit.. These outcomes are particularly important to an organization looking to retain a competitive advantage in an increasingly mobile and globalized workforce. In the United States, for example, up to 25% of workers are organizational newcomers engaged in an onboarding process. The term induction is used instead in regions such as Australia, New Zealand, Canada, and parts of Europe. This is known in some parts of the world as training.

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Check more jobs information at Balan Inc

Job Title Average Balan Inc Salary Hourly Rate
2 Associate Underwriter $94,093 $45
3 Senior Underwriter $145,013 $70
4 Chief Financial Officer $438,845 $211
5 Assistant Vice President $63,862 $31

Hourly Pay at Balan Inc

The average hourly pay at Balan Inc for a Program is $57 per hour. The location, department, and job description all have an impact on the typical compensation for Balan Inc positions. The pay range and total remuneration for the job title are shown in the table below. Balan Inc may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $119,008 look to you?

FAQ about Salary and Jobs at Balan Inc

1. How much does Balan Inc pay per hour?
The average hourly pay is $57. 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 Balan Inc?
According to the data, the highest approximate salary is about $131,024 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 Balan Inc?
According to the data, the lowest estimated salary is about $106,785 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.