How much does an Insurance Claim Service Representative III make in Boston, MA? The average Insurance Claim Service Representative III salary in Boston, MA is $61,369 as of March 26, 2024, but the range typically falls between $57,619 and $65,337. 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 Insurance Claim Service Representative III Salary | $54,205 | Boston,MA | March 26, 2024 |
25th Percentile Insurance Claim Service Representative III Salary | $57,619 | Boston,MA | March 26, 2024 |
50th Percentile Insurance Claim Service Representative III Salary | $61,369 | Boston,MA | March 26, 2024 |
75th Percentile Insurance Claim Service Representative III Salary | $65,337 | Boston,MA | March 26, 2024 |
90th Percentile Insurance Claim Service Representative III Salary | $68,949 | Boston,MA | March 26, 2024 |
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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.
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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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.
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Insurance Claim Service Representative III salary varies from city to city. Compared with national average salary of Insurance Claim Service Representative III, the highest Insurance Claim Service Representative III salary is in San Francisco, CA, where the Insurance Claim Service Representative III salary is 25.0% above. The lowest Insurance Claim Service Representative III salary is in Miami, FL, where the Insurance Claim Service Representative III salary is 3.5% lower than national average salary.
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Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
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 |
Job Title Insurance Claim Service Manager II | Experience 5 + | EducationBachelors | 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.
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About Boston, Massachusetts Boston has an area of 89.63 square miles (232.1 km2)—48.4 square miles (125.4 km2) (54%) of land and 41.2 square miles (106.7 km2) (46%) of water. The....More
Boston, Massachusetts area prices were up 2.5% from a year ago View the Cost of Living in Boston, Massachusetts
Insurance Claim Service Representative III Salary in popular cities: Worcester, Springfield, Lowell
Skills associated with Insurance Claim Service Representative III: Insurance Claims Management Software, Claim Investigation, Claim Settlement Policies, Loss/Damage Claims ...More
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