Reinsurance Accountant Salary at Safety National Co BETA

How much does a Safety National Co Reinsurance Accountant make?

As of December 2024, the average annual salary for a Reinsurance Accountant at Safety National Co is $54,922, which translates to approximately $26 per hour. Salaries for Reinsurance Accountant at Safety National Co typically range from $51,911 to $59,603, 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.

Safety National Co Overview

Website:
safetynational.com
Size:
500 - 1,000 Employees
Revenue:
$1B - $3B
Industry:
Insurance

Safety National Company is a specialty insurance and reinsurance provider. The company was founded in 1942 and is headquartered in St. Louis, Missouri.

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What Skills Does a person Need at Safety National Co?

At Safety National Co, 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. Reinsurance: Reinsurance is insurance that is purchased by an insurance company, in which some part of its own insurance liabilities is passed on ("ceded") to another insurance company. The company that purchases the reinsurance policy is called a "ceding company" or "cedent" or "cedant" under most arrangements. The company issuing the reinsurance policy is referred simply as the "reinsurer". In the classic case, reinsurance allows insurance companies to remain solvent after major claims events, such as major disasters like hurricanes and wildfires. In addition to its basic role in risk management, reinsurance is sometimes used to reduce the ceding company's capital requirements, or for tax mitigation or other purposes. A company that purchases reinsurance pays a premium to the reinsurance company, who in exchange would pay a share of the claims incurred by the purchasing company. The reinsurer may be either a specialist reinsurance company, which only undertakes reinsurance business, or another insurance company. Insurance companies that accept reinsurance refer to the business as 'assumed reinsurance'.
  2. Accounting: Creating financial statements and reports based on the summary of financial and business transactions.
  3. Initiative: Taking decisive action and initiating plans independently to address problems, improve professional life, and achieve goals.
  4. Communication Skills: Communication skills are your ability to share or understand information, ideas, and feelings successfully.
  5. Process Improvement: Analyzing and improving existing processes and workflows to minimize process errors and streamline organizational efficiency.

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Check more jobs information at Safety National Co

Job Title Average Safety National Co Salary Hourly Rate
2 Account Manager $86,410 $42
3 Assistant $58,717 $28
4 Assistant Vice President Underwriting $77,998 $37
5 Board Member $106,205 $51
6 Chief Underwriting Officer $329,417 $158
7 Claim Analyst $50,327 $24
8 Claims Examiner $72,089 $35
9 Database Architect $124,697 $60
10 Director -Associations $142,754 $69
11 Director, Client Engagement $175,314 $84
12 EDI Analyst $62,470 $30
13 Event Coordinator $78,256 $38

Hourly Pay at Safety National Co

The average hourly pay at Safety National Co for a Reinsurance Accountant is $26 per hour. The location, department, and job description all have an impact on the typical compensation for Safety National Co positions. The pay range and total remuneration for the job title are shown in the table below. Safety National Co may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $54,922 look to you?

FAQ about Salary and Jobs at Safety National Co

1. How much does Safety National Co pay per hour?
The average hourly pay is $26. 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 Safety National Co?
According to the data, the highest approximate salary is about $59,603 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 Safety National Co?
According to the data, the lowest estimated salary is about $51,911 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.