Appraisal Reviewer Salary at Mercury Insurance Services Llc BETA
How much does a Mercury Insurance Services Llc Appraisal Reviewer make?
As of January 2025, the average annual salary for an Appraisal Reviewer at Mercury Insurance Services Llc is $69,897, which translates to approximately $34 per hour. Salaries for Appraisal Reviewer at Mercury Insurance Services Llc typically range from $63,216 to $79,023, 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.
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What Skills Does a person Need at Mercury Insurance Services Llc?
At Mercury Insurance Services Llc, 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.
- Utilization Management: Utilization management (UM) or utilization review is the use of managed care techniques such as prior authorization that allow payers, particularly health insurance companies to manage the cost of health care benefits by assessing its appropriateness before it is provided using evidence-based criteria or guidelines. Critics have argued if cost cutting by insurers is the focus of their use of UM criteria, it could lead to healthcare rationing by overzealous denial of care as well as retrospective denial of payment, delays in care, or unexpected financial risks to patients.
- Problem Solving: Analyzing and identifying the root cause of problems and applying critical thinking skills to solve problems.
- 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.
- Managed Care: Managed Care is a health care delivery system organized to manage cost, utilization, and quality. Also known as managed healthcare.
- Real Estate Appraisal: Real estate appraisal, property valuation or land valuation is the process of developing an opinion of value, for real property (usually market value). Real estate transactions often require appraisals because they occur infrequently and every property is unique (especially their condition, a key factor in valuation), unlike corporate stocks, which are traded daily and are identical (thus a centralized Walrasian auction like a stock exchange is unrealistic). The location also plays a key role in valuation. However, since property cannot change location, it is often the upgrades or improvements to the home that can change its value. Appraisal reports form the basis for mortgage loans, settling estates and divorces, taxation, and so on. Sometimes an appraisal report is used to establish a sale price for a property. Besides the mandatory educational grade, which can vary from Finance to Construction Technology, most, but not all, countries require appraisers to have the license for the practice. Usually, the real estate appraiser has the opportunity to reach 3 levels of certification: Appraisal Trainee, Licensed Appraiser and Certified Appraiser. The second and third levels of license require no less than 2000 experience hours in 12 months and 2500 experience hours in no less than 24 months respectively. Appraisers are often known as "property valuers" or "land valuers"; in British English they are "valuation surveyors". If the appraiser's opinion is based on market value, then it must also be based on the highest and best use of the real property. In the United States, mortgage valuations of improved residential properties are generally reported on a standardized form like the Uniform Residential Appraisal Report. Appraisals of more commercial properties (e.g., income-producing, raw land) are often reported in narrative format and completed by a Certified General Appraiser.
Related Jobs
Check more jobs information at Mercury Insurance Services Llc
| Job Title | Average Mercury Insurance Services Llc Salary | Hourly Rate | |
|---|---|---|---|
| 2 | Accountant II | $91,813 | $44 |
| 3 | Accounting | $63,024 | $30 |
| 4 | Accounting Representative | $62,983 | $30 |
| 5 | Administration Assistant | $81,332 | $39 |
| 6 | Advertising Specialist I | $80,666 | $39 |
| 7 | Appraisal Specialist | $91,171 | $44 |
| 8 | Assistant | $69,657 | $33 |
| 9 | Assistant Controller | $211,725 | $102 |
| 10 | Assistant Manager | $129,450 | $62 |
| 11 | Associate Attorney | $134,415 | $65 |
| 12 | Auto Appraiser | $92,920 | $45 |
| 13 | Auto Appraiser Senior | $92,920 | $45 |
Hourly Pay at Mercury Insurance Services Llc
FAQ about Salary and Jobs at Mercury Insurance Services Llc
The average hourly pay is $34. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
According to the data, the highest approximate salary is about $79,023 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
According to the data, the lowest estimated salary is about $63,216 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
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.