How much does an Insurance Managing Broker make in Georgiana, AL? The average Insurance Managing Broker salary in Georgiana, AL is $208,899 as of February 26, 2024, but the range typically falls between $168,118 and $261,124. 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. 

Insurance Managing Broker Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Insurance Managing Broker Salary $130,989 Georgiana,AL February 26, 2024
25th Percentile Insurance Managing Broker Salary $168,118 Georgiana,AL February 26, 2024
50th Percentile Insurance Managing Broker Salary $208,899 Georgiana,AL February 26, 2024
75th Percentile Insurance Managing Broker Salary $261,124 Georgiana,AL February 26, 2024
90th Percentile Insurance Managing Broker Salary $308,672 Georgiana,AL February 26, 2024
25% $168,118 10% $130,989 90% $308,672 75% $261,124 $208,899 50%(Median) Didn’t find job title? Click
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What skills does an Insurance Managing Broker 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.

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.

2.

Financial Planning: In general usage, a financial plan is a comprehensive evaluation of an individual's current pay and future financial state by using current known variables to predict future income, asset values and withdrawal plans. This often includes a budget which organizes an individual's finances and sometimes includes a series of steps or specific goals for spending and saving in the future. This plan allocates future income to various types of expenses, such as rent or utilities, and also reserves some income for short-term and long-term savings. A financial plan is sometimes referred to as an investment plan, but in personal finance a financial plan can focus on other specific areas such as risk management, estates, college, or retirement.

3.

Case Management: Connecting patients with suitable healthcare providers, resources, and services to ensure they receive optimal, cost-effective care.

Customer Service 4.15%
Financial Planning 1.43%
Case Management 3.83%
Others 90.59%

Job Description for Insurance Managing Broker

Insurance Managing Broker develops and markets customer business to different insurance carriers to obtain quotes based on an evaluation and analysis of the customer's insurance needs and requirements. Assesses and negotiates quotes from different carriers based on exposure, risk, and financing. Being an Insurance Managing Broker develops recommendations to advise customers on the best options that will meet their needs and to place and retain the business. Requires knowledge of complex insurance products and a variety of lines such as commercial property & casualty, employee benefits, and others. Additionally, Insurance Managing Broker requires a bachelor's degree. Requires insurance licensing. May also require professional credentials such as CPCU (Chartered Property Casualty Underwriter), CIC (Certified Insurance Counselor), or ARM (Associate in Risk Management). Typically reports to a supervisor or manager. The Insurance Managing Broker work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. To be an Insurance Managing Broker typically requires 7+ years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Insurance Managing Broker in Georgiana, AL

Career Path for Insurance Managing Broker

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 Managing Broker, the first career path typically progresses to Insurance Broker Executive.

Those that have already made the climb...
Jason Peterson, Senior Vice President, Chief Financial Officer and Treasurer
EPAM Systems, Inc. provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as sof... More
Fiscal Year Ended in 2022
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Insurance Managing Broker salary varies from city to city. Compared with national average salary of Insurance Managing Broker, the highest Insurance Managing Broker salary is in San Francisco, CA, where the Insurance Managing Broker salary is 25.0% above. The lowest Insurance Managing Broker salary is in Miami, FL, where the Insurance Managing Broker salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for an Insurance Managing Broker, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
168118
261124
208899

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
184491
345597
239910
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Managing Broker in Georgiana, AL. The base salary for Insurance Managing Broker ranges from $168,118 to $261,124 with the average base salary of $208,899. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $184,491 to $345,597 with the average total cash compensation of $239,910.
Step 2 of 3

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

168118
261124

 

Step 3 of 3

How much should you be paid?

About Georgiana, Alabama    Georgiana is a town in Butler County, Alabama, United States. As of the 2010 census, the population of the town was 1,738. Georgiana is located in sou....More

Georgiana, Alabama  area prices were up 1.3% from a year ago    View the Cost of Living in Georgiana, Alabama

Insurance Managing Broker Salary in popular cities: BirminghamMontgomeryMobile

Skills associated with Insurance Managing Broker: Insurance Agency Management Software, Insurance Products, Negotiation, Partner Relationship Management ...More

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