How much does a Chief Claims Executive make in Mount Prospect, IL? The average Chief Claims Executive salary in Mount Prospect, IL is $252,000 as of May 28, 2024, but the range typically falls between $212,800 and $292,200. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

Chief Claims Executive Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Chief Claims Executive Salary $177,110 Mount Prospect,IL May 28, 2024
25th Percentile Chief Claims Executive Salary $212,800 Mount Prospect,IL May 28, 2024
50th Percentile Chief Claims Executive Salary $252,000 Mount Prospect,IL May 28, 2024
75th Percentile Chief Claims Executive Salary $292,200 Mount Prospect,IL May 28, 2024
90th Percentile Chief Claims Executive Salary $328,800 Mount Prospect,IL May 28, 2024
25% $212,800 10% $177,110 90% $328,800 75% $292,200 $252,000 50%(Median) Didn’t find job title? Click
Change Search Criteria

Job Description

The Chief Claims Executive is responsible for managing and implementing claims programs for all lines of insurance. Plans and directs all aspects of an organization's insurance claims function. Being a Chief Claims Executive develops procedures and policies to enhance and improve the processing, investigation, and settlement of claims. Directs the review and settlement of complex or high dollar claims. In addition, Chief Claims Executive ensures legal examinations are made when appropriate. Requires a bachelor's degree. Typically reports to top management. The Chief Claims Executive manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Comprehensive knowledge of the overall departmental function. Working as a Chief Claims Executive typically requires 8+ years of managerial experience. (Copyright 2024 Salary.com)

Employers: Job Description Management Tool

Job Openings for Chief Claims Executive in Mount Prospect, IL
  • Who We Are. Farm Credit Illinois (FCI) is an agricultural financial cooperative owned by 18,900 farmers, rural landowners, and agribusiness voting stockhol...
    - 2 Days Ago
  • Job Description. Job Description. The position of Executive Assistant is a very key and essential position within the organization. All Nations Worship Ass...
    - 3 Days Ago
  • A prominent market research company in the Chicago Loop is seeking an experienced, detailed, and confident Executive Assistant to provide support to the Ex...
    - 1 Day Ago
  • About the Role. We seek a visionary and dynamic Chief Executive Officer to lead CNNSSA and MOWFNI. The ideal candidate will be a strategic thinker with a p...
    - 3 Days Ago
  • This is an outstanding opportunity. Our client is a highly respected. RTP area biotech executive. who has. founded numerous companies. is a sought-after sp...
    - 3 Days Ago

Career Path for this job

  1. Down a level:

    Claims Service and Operations Director


    Bachelor's Degree

  2. This Job:

    Chief Claims Executive


    Bachelor's Degree

Not the job you're looking for? Search more salaries here:

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Chief Claims Executive, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
212800
292200
252000

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
251800
400100
323100
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Chief Claims Executive in Mount Prospect, IL. The base salary for Chief Claims Executive ranges from $212,800 to $292,200 with the average base salary of $252,000. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $251,800 to $400,100 with the average total cash compensation of $323,100.
Step 2 of 3

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

212800
292200

 

Step 3 of 3

How much should you be paid?

About Mount Prospect, Illinois    Mount Prospect is a village in Elk Grove and Wheeling Townships in Cook County, Illinois, about 20 miles (32 km) northwest of downtown Chicago, and ap....More

Mount Prospect, Illinois  area prices were up 0.8% from a year ago    View the Cost of Living in Mount Prospect, Illinois

Chief Claims Executive Salary in popular cities: ChicagoAuroraRockford

Recently searched related titles: Head Of Claims

Salary estimation for Chief Claims Executive at companies like : Medical Cost Advocate, Lincoln County Detention Center, Mip/ Gomer International Inc

Jobs with a similar salary range to Chief Claims Executive : Vp Claims, Avp Claims

lower level job