As of December 01, 2024, the average annual pay of Claim Representative III in the United States is $55,900. While Salary.com is seeing that Claim Representative III salary in the US can go up to $62,778 or down to $49,404, but most earn between $52,500 and $59,500. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Claim Representative III in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $59,500 | $4,958 | $1,144 | $29 |
| Average | $55,900 | $4,658 | $1,075 | $27 |
| 25th Percentile | $52,500 | $4,375 | $1,010 | $25 |
As of December 01, 2024, Salary.com is seeing that an entry-level Claim Representative III with under 1 year experience makes about $54,078. With less than 2 years of experience, a mid-level Claim Representative III makes around $54,331. After 2-4 years, the Claim Representative III pay rises to about $55,245. Those senior Claim Representative III with 5-8 years of experience earn roughly $56,943, and those Claim Representative III having 8 years or more experience is expected to earn about $57,642 on average.
| Levels | Salary |
|---|---|
| Entry Level Claim Representative III | $54,078 |
| Intermediate Level Claim Representative III | $54,331 |
| Senior Level Claim Representative III | $55,245 |
| Specialist Level Claim Representative III | $56,943 |
| Expert Level Claim Representative III | $57,642 |
| Entry Level | 3% |
| Mid Level | 3% |
| Senior Level | 1% |
| Top Level | 2% |
| Experienced | 3% |
Salaries in the United States can vary significantly from state to state due to a multitude of factors, including cost of living, local economic conditions, and industry presence.
For example, as of December 01, 2024, the average yearly salary of Claim Representative III is $61,600 in California and in Massachusetts, the average annual salary goes to $60,800. While in New Jersey, a Claim Representative III earns $61,200 per year.
What Am I Worth?
Salaries in the United States can vary significantly from city to city due to a multitude of factors, including cost of living, local economic conditions, and industry presence.
For example, as of December 01, 2024, the average yearly salary of Claim Representative III in San Francisco, CA is $69,800 and in New York, NY, the average annual salary goes to $65,300. While a Claim Representative III earns $62,600 per year in Boston, MA.
For those exploring the changing dynamics of Claim Representative III salaries, Salary.com offers detailed insights through our Job Trending in CA Labor Market analysis. As of December 01, 2024, our research highlights a notable shift in Claim Representative III compensation over the past six years. For instance, the median salary has moved from $45,929 in 2023 to about $45,921 in 2024 (for a comprehensive analysis of Claim Representative III salary trends, click here). It's crucial to consider several elements, including geographical location, experience level, industry demand, and economic development, as they play a significant role in influencing salary variations.
Salary.com job board provides millions of Claim Representative III information for you to search for. Click on search button below to see Claim Representative III job openings or enter a new job title here.
Here are companies hiring for Claim Representative III and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $55,900 | 67.6% | ||
| Bonus | $2,600 | 3.1% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $4,475 | 5.4% | ||
| 401K/403B | $2,750 | 3.3% | ||
| Disability | $468 | 0.6% | ||
| Healthcare | $6,056 | 7.3% | ||
| Pension | $3,218 | 3.9% | ||
| Time Off | $7,200 | 8.7% | ||
| Total Compensation | $82,666 | 100% | ||
The average annual salary of Claim Representative III is $55,900. In case you are finding an easy salary calculator, the average hourly pay of Claim Representative III is $27; the average weekly pay of Claim Representative III is $1,075; the average monthly pay of Claim Representative III is $4,658.
A Claim Representative III's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Claim Representative III earns the most in San Jose, CA, where the annual salary of a Claim Representative III is $70,100.
The highest pay for Claim Representative III is $62,778.
The lowest pay for Claim Representative III is $49,404.
The Claim Representative III prepares initial claim reports, records statements from involved parties, and maintains First Notice of Loss (FNOL) information. Processes, adjusts, and closes claims of moderate complexity in a contact center setting. Being a Claim Representative III does not handle claims requiring outside field adjustment and refers complex claims to designated experts. Negotiates settlements within approved limits. In addition, Claim Representative III may handle claims for bodily injury and third-party loss. Requires a high school diploma or equivalent. Typically reports to a supervisor or manager. Being a Claim Representative III works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. Working as a Claim Representative III typically requires 3-5 years of related experience, or may need 2 years experience with additional specialized training and/or certification.
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.
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.
Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
Product Knowledge: Product knowledge is the ability to communicate information and answer questions about a product or service. It is considered an important knowledge area for any role that puts you in front of customers, investors or the media.
