How much does a Claims Manager make in Illinois? The average Claims Manager salary in Illinois is $125,005 as of January 26, 2023, but the range typically falls between $110,698 and $139,713. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
Claims Manager manages the operations of an insurance claims department to meet operational, financial, and service requirements. Oversees the intake and processing of insurance claims for personal, property, or casualty loss based on coverage, appraisal, and verifiable damage. Being a Claims Manager manages appraisal and examination staff and processes. Assures timely and proper disposition of claims based on policy provisions. Additionally, Claims Manager recommends and implements best practices to ensure complete and thorough claim settlements, legal reviews, and investigations following company policies and insurance industry regulations. Determines the value of settlements for escalated claims. Manages negotiations of settlements and administration of claims in litigation. Typically requires a bachelor's degree. Typically reports to top management. The Claims Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Claims Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2023 Salary.com)...View full job description
Location | Avg. Salary | Date Updated |
---|---|---|
Location Cicero, IL | Avg. Salary $128,401 | Date Updated January 26, 2023 |
Location Mount Prospect, IL | Avg. Salary $127,963 | Date Updated January 26, 2023 |
Location Abingdon, IL | Avg. Salary $115,440 | Date Updated January 26, 2023 |
Location Adair, IL | Avg. Salary $116,838 | Date Updated January 26, 2023 |
Location Addieville, IL | Avg. Salary $118,871 | Date Updated January 26, 2023 |
Location Addison, IL | Avg. Salary $127,963 | Date Updated January 26, 2023 |
Location Akin, IL | Avg. Salary $114,315 | Date Updated January 26, 2023 |
Location Albany, IL | Avg. Salary $113,461 | Date Updated January 26, 2023 |
Location Albers, IL | Avg. Salary $118,871 | Date Updated January 26, 2023 |
Location Albion, IL | Avg. Salary $111,776 | Date Updated January 26, 2023 |
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
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Job Title Claims Adjuster I | Experience 0 - 2 | EducationAssociates | Salary Compared to This Job |
Job Title Claims Adjuster III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Job Title Claims Examiner I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Claims Examiner II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Claims Examiner III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
About Illinois Illinois (/ˌɪlɪˈnɔɪ/ (listen) IL-ih-NOY) is a state in the Midwestern and Great Lakes region of the United States. It has the fifth largest gross dome....More
Skills associated with Claims Manager: Customer Support, Claim Reviews, Insurance Claims Management Software, Claim Settlement Policies ...More
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Salary estimation for Claims Manager at companies like : CPI AEROSTRUCTURES INC, DORIAN LPG LTD, Howmet Aerospace Inc.
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