How much does an Insurance Claim Service Representative III make in Arkansas? The average Insurance Claim Service Representative III salary in Arkansas is $49,996 as of April 24, 2024, but the range typically falls between $46,940 and $53,230. 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.
Percentile | Salary | Location | Last Updated |
10th Percentile Insurance Claim Service Representative III Salary | $44,158 | AR | April 24, 2024 |
25th Percentile Insurance Claim Service Representative III Salary | $46,940 | AR | April 24, 2024 |
50th Percentile Insurance Claim Service Representative III Salary | $49,996 | AR | April 24, 2024 |
75th Percentile Insurance Claim Service Representative III Salary | $53,230 | AR | April 24, 2024 |
90th Percentile Insurance Claim Service Representative III Salary | $56,173 | AR | April 24, 2024 |
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.
Insurance Claim Service Representative III processes, adjusts, and closes claims of moderate complexity in a contact center setting. Prepares initial claim reports, records statements from involved parties, and maintains First Notice of Loss (FNOL) information. Being an Insurance Claim Service Representative III negotiates settlements within approved limits. Does not handle claims requiring outside field adjustment and refers complex claims to designated experts. Additionally, Insurance Claim Service 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. The Insurance Claim Service Representative III works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. To be an Insurance Claim Service Representative III typically requires 3-5 years of related experience. (Copyright 2024 Salary.com)... View full job description
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Location | Avg. Salary | Date Updated |
---|---|---|
Location Texarkana, AR | Avg. Salary $49,887 | Date Updated April 24, 2024 |
Location Adona, AR | Avg. Salary $49,942 | Date Updated April 24, 2024 |
Location Alexander, AR | Avg. Salary $50,381 | Date Updated April 24, 2024 |
Location Alicia, AR | Avg. Salary $51,039 | Date Updated April 24, 2024 |
Location Alix, AR | Avg. Salary $47,637 | Date Updated April 24, 2024 |
Location Alleene, AR | Avg. Salary $49,777 | Date Updated April 24, 2024 |
Location Alma, AR | Avg. Salary $47,856 | Date Updated April 24, 2024 |
Location Almyra, AR | Avg. Salary $48,624 | Date Updated April 24, 2024 |
Location Alpena, AR | Avg. Salary $49,503 | Date Updated April 24, 2024 |
Location Alpine, AR | Avg. Salary $49,283 | Date Updated April 24, 2024 |
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 Insurance Claim Service Representative III, the upper level is Insurance Claim Service Team Supervisor and then progresses to Insurance Claim Service Manager I.
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Claims Examiner III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Job Title Customer Service Representative III | Experience 3 - 5 | EducationHigh School | Salary Compared to This Job |
Job Title Insurance Claim Service Manager I | Experience 3 - 5 | EducationBachelors | Salary Compared to This Job |
Job Title Insurance Claim Service Manager II | Experience 5 + | EducationBachelors | Salary Compared to This Job |
Job Title Insurance Claim Service Representative I | Experience 0 - 1 | EducationHigh School | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Insurance Claim Service Representative III salary of your education level.
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Insurance Claim Service Representative III salary varies from category to category. Click below to see Insurance Claim Service Representative III salary in different categories.
About Arkansas Arkansas (/ˈɑːrkənsɔː/ AR-kən-saw)[c] is a state in the southern region of the United States, home to over 3 million people as of 2018. Its name is of....More
Skills associated with Insurance Claim Service Representative III: Claim Investigation, Claim Reviews, Insurance Claims Management Software, Claim Handling ...More
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