Risk Management Advisor Salary at Connell Insurance Inc BETA

How much does a Connell Insurance Inc Risk Management Advisor make?

As of January 2025, the average annual salary for a Risk Management Advisor at Connell Insurance Inc is $131,458, which translates to approximately $63 per hour. Salaries for Risk Management Advisor at Connell Insurance Inc typically range from $117,101 to $147,899, 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.

Connell Insurance Inc Overview

Website:
connell.com
Size:
25 - 50 Employees
Revenue:
$10M - $50M
Industry:
Insurance

Connell Insurance sees its role a little differently than most agencies. Our agents aren't simple order-takers because they understand that when it comes to helping clients manage their risks, insurance is just the beginning. We think our clients keep coming back to us because we don't just pay lip-service to "building relationships". By taking the time to know you and your business - and your family - we develop a clear understanding of your needs, even when they extend beyond insurance. As we have searched and found solutions to common problems in our own house, we have often shared these "Connell Concepts" with our clients. It may seem obvious that doing so is just good business, but it still makes us a little different from the pack. At Connell Insurance, we're changing the way business is done.

See similar companies related to Connell Insurance Inc

What Skills Does a person Need at Connell Insurance Inc?

At Connell Insurance 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. Risk Management: Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.
  2. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  3. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  4. Claims management: Claims Management means the process of identifying, controlling and resolving demands by individuals or public entities to recover losses from any Member of the Association.
  5. Business continuity: Developing and executing innovative plans to ensure interoperability of business systems in the event of an emergency.

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Check more jobs information at Connell Insurance Inc

Job Title Average Connell Insurance Inc Salary Hourly Rate
2 Vice President, Benefits $178,155 $86
3 Administrative Assistant $43,406 $21
4 Agency Producer $51,978 $25
5 Commercial Lines Account Manager $65,781 $32
6 Director, Information Technology $166,169 $80
7 Employee Benefits Account Manager $100,409 $48
8 Account Manager $65,781 $32
9 Benefits Account Manager $100,409 $48
10 Billing Specialist $66,451 $32
11 Commercial Account Manager $65,781 $32
12 Manager, Employee Benefits $88,259 $42
13 Owner and President $401,298 $193

Hourly Pay at Connell Insurance Inc

The average hourly pay at Connell Insurance Inc for a Risk Management Advisor is $63 per hour. The location, department, and job description all have an impact on the typical compensation for Connell Insurance Inc positions. The pay range and total remuneration for the job title are shown in the table below. Connell Insurance Inc may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $131,458 look to you?

FAQ about Salary and Jobs at Connell Insurance Inc

1. How much does Connell Insurance Inc pay per hour?
The average hourly pay is $63. 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 Connell Insurance Inc?
According to the data, the highest approximate salary is about $147,899 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 Connell Insurance Inc?
According to the data, the lowest estimated salary is about $117,101 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.