As of December 01, 2024, the average annual pay of Claims Manager in Farmington, NM is $119,829. While Salary.com is seeing that Claims Manager salary in Farmington, NM can go up to $148,057 or down to $93,260, but most earn between $105,922 and $134,605. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Claims Manager in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $145,048 | $12,087 | $2,789 | $70 |
| Average | $129,126 | $10,760 | $2,483 | $62 |
| 25th Percentile | $114,140 | $9,512 | $2,195 | $55 |
An entry-level Claims Manager with under 1 year experience makes about $114,070. With less than 2 years of experience, a mid-level Claims Manager makes around $114,689. After 2-4 years, the Claims Manager pay rises to about $116,135. Those senior Claims Manager with 5-8 years of experience earn roughly $117,788, and those Claims Manager having 8 years or more experience are expected to earn about $120,770 on average.
| Levels | Salary |
|---|---|
| Entry Level Claims Manager | $114,070 |
| Intermediate Level Claims Manager | $114,689 |
| Senior Level Claims Manager | $116,135 |
| Specialist Level Claims Manager | $117,788 |
| Expert Level Claims Manager | $120,770 |
| Entry Level | 12% |
| Mid Level | 11% |
| Senior Level | 10% |
| Top Level | 9% |
| Experienced | 6% |
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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.
Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
Life Insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period
Client Service: Client services are the processes and interactions organizations and members of their staff have with their clients.
| Skill | Salary | Demand |
|---|---|---|
|
Team Management
|
$129,415 |
8%
|
|
ARM
|
$129,415 |
8%
|
|
Managed Care
|
$128,217 |
7%
|
|
Continuous Improvement
|
$128,217 |
7%
|
|
Project Management
|
$128,217 |
7%
|
|
Reinsurance
|
$128,217 |
7%
|
