How much does a Claims Manager, Senior make in Minnesota? The average Claims Manager, Senior salary in Minnesota is $165,382 as of February 26, 2024, but the range typically falls between $145,634 and $188,672. 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, Senior Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Claims Manager, Senior Salary $127,654 MN February 26, 2024
25th Percentile Claims Manager, Senior Salary $145,634 MN February 26, 2024
50th Percentile Claims Manager, Senior Salary $165,382 MN February 26, 2024
75th Percentile Claims Manager, Senior Salary $188,672 MN February 26, 2024
90th Percentile Claims Manager, Senior Salary $209,877 MN February 26, 2024
25% $145,634 10% $127,654 90% $209,877 75% $188,672 $165,382 50%(Median) Didn’t find job title? Click
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What skills does a Claims Manager, Senior need?

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.

1.

Risk Management: Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.

2.

Public Administration: Public administration is a field in which leaders serve communities to advance the common good and effect positive change.

3.

Business Administration: It is the management of all aspects of a business's performance, decisions, and organization. It includes the day to day operations, aspects including finances and human resources, and ensures the company stays aligned to the goal or mission.

Risk Management 7.47%
Public Administration 1.72%
Business Administration 1.72%
Others 89.09%

Job Description for Claims Manager, Senior

Claims Manager, Senior 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, Senior manages appraisal and examination staff and processes. Assures timely and proper disposition of claims based on policy provisions. Additionally, Claims Manager, Senior 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, Senior typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Claims Manager, Senior typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Claims Manager, Senior in Minnesota

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Location Avg. Salary Date Updated
Location Lakeville, MN Avg. Salary $170,869 Date Updated February 26, 2024
Location Minnetonka, MN Avg. Salary $171,934 Date Updated February 26, 2024
Location Ada, MN Avg. Salary $148,986 Date Updated February 26, 2024
Location Adams, MN Avg. Salary $160,331 Date Updated February 26, 2024
Location Adolph, MN Avg. Salary $154,521 Date Updated February 26, 2024
Location Adrian, MN Avg. Salary $142,450 Date Updated February 26, 2024
Location Afton, MN Avg. Salary $170,675 Date Updated February 26, 2024
Location Ah Gwah Ching, MN Avg. Salary $151,794 Date Updated February 26, 2024
Location Aitkin, MN Avg. Salary $153,198 Date Updated February 26, 2024
Location Akeley, MN Avg. Salary $151,156 Date Updated February 26, 2024

Career Path for Claims Manager, Senior

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Claims Manager, Senior, the first career path typically starts with a Claims Director position, and then progresses to Top Claims Executive.

Additionally, the second career path typically progresses to Claims Processing Director - Healthcare.

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Claims Manager, Senior Salary in Minnesota
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