Claim Representative III Salary in Chicago, Illinois
Claim Representative III Salary in Chicago, IL
How much does an Claim Representative III make in Chicago, IL? The average Claim Representative III salary in Chicago, IL is $57,500 as of March 26, 2024, but the range typically falls between $54,000 and $61,200. 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.
| Percentile | Salary | Location | Last Updated |
| 10th Percentile Claim Representative III Salary | $50,813 | Chicago,IL | March 26, 2024 |
| 25th Percentile Claim Representative III Salary | $54,000 | Chicago,IL | March 26, 2024 |
| 50th Percentile Claim Representative III Salary | $57,500 | Chicago,IL | March 26, 2024 |
| 75th Percentile Claim Representative III Salary | $61,200 | Chicago,IL | March 26, 2024 |
| 90th Percentile Claim Representative III Salary | $64,569 | Chicago,IL | March 26, 2024 |
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Job Description
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. (Copyright 2024 Salary.com)
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Career Path for this job
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Down a level:
Claim Representative II
1 - 3 years experience
High School Diploma or Technical Certificate -
This Job:
Claim Representative III
3 - 5 years experience
High School Diploma or Technical Certificate -
Up a level:
Claim Representative Supervisor
3 + years experience
High School Diploma or Technical Certificate
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About Chicago, Illinois
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| Job Title Customer Service Representative I | Experience 0 - 1 | EducationHigh School | Salary Compared to This Job |
| Job Title Customer Service Representative III | Experience 3 - 5 | EducationHigh School | Salary Compared to This Job |
| Job Title Customer Service Representative IV | Experience 5 - 7 | EducationHigh School | Salary Compared to This Job |
| Job Title Insurance Claim Service Manager I | Experience 3 - 5 | EducationBachelors | Salary Compared to This Job |
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Level of Education
- Claim Representative III Salaries with No Diploma
- Claim Representative III Salaries with a High School Diploma or Technical Certificate
- Claim Representative III Salaries with an Associate's Degree
- Claim Representative III Salaries with a Bachelor's Degree
- Claim Representative III Salaries with a Master's Degree or MBA
- Claim Representative III Salaries with a JD, MD, PhD or Equivalent
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About Chicago, Illinois Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More
Chicago, Illinois area prices were up 0.8% from a year ago View the Cost of Living in Chicago, Illinois
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