How much does an Insurance Risk Analyst III make in Cranston, RI? The average Insurance Risk Analyst III salary in Cranston, RI is $107,138 as of September 01, 2024, but the range typically falls between $93,698 and $121,178. 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.
What skills does an Insurance Risk Analyst III 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.
Life Insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period
3.
PowerPoint: A computer software created by Microsoft which allows the user to create slides with recordings, narrations, transitions and other features in order to present information.
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Job Description for Insurance Risk Analyst III
Insurance Risk Analyst III analyzes the insurance needs of an organization to provide optimum coverage, costs, and claim settlements. Collects, classifies, and analyzes data from multiple sources such as audits, claims, renewals, and financial reporting. Being an Insurance Risk Analyst III creates risk forecasting models and reporting using business intelligence tools. Evaluates insurance proposals and makes recommendations. Additionally, Insurance Risk Analyst III negotiates insurance premiums and coverage terms directly with insurance companies and/or through brokers. Collaborates with cross-functional teams to ensure reporting and processing of all policy audits, payments, claims, and renewals. Supports loss prevention and safety initiatives. Reviews insurance policies for accuracy and works with brokers and underwriters to resolve discrepancies. Requires a bachelor's degree. Typically reports to a manager. The Insurance Risk Analyst III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be an Insurance Risk Analyst III typically requires 4-7 years of related experience. (Copyright 2024 Salary.com)...
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Job Openings for Insurance Risk Analyst III
in Cranston, RI
Job Description. Additional Information About the Role. Unit - High Risk Cardiac. FT Nights. 6:45-7:15. 36 Hours per Week. Schedule includes 6 Weekend Shif...
Lead Analyst - Risk Execution. Location: Wilmington, DE (Hybrid). We are seeking a highly skilled professional to join our Risk Development team in Wilming...
Center 1 (19052), United States of America, McLean, Virginia. Sr. Risk Manager, Data Protection. This position represents a unique opportunity for those wi...
Center 1 (19052), United States of America, McLean, Virginia. Sr. Risk Manager, Data Protection. This position represents a unique opportunity for those wi...
Center 1 (19052), United States of America, McLean, Virginia. Sr. Risk Manager, Data Protection. This position represents a unique opportunity for those wi...
- 4 Days Ago
Career Path for Insurance Risk Analyst III
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 Risk Analyst III, the first career path typically progresses to E-commerce Risk Director.
The second career path typically starts with an Insurance Risk Analyst IV position, and then progresses to Insurance Risk Analyst V.
The third career path typically starts with a Risk Analyst IV position, and then progresses to Risk Analyst V.
Additionally, the fourth career path typically progresses to Workers' Compensation Claims Manager.
Those that have already made the climb...
Douglas R. Bettinger, Executive Vice President and Chief Financial Officer
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper ... More
LAM RESEARCH CORP
Company Description
Fiscal Year Ended in 2023
What does an Insurance Risk Analyst III do?
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Insurance Risk Analyst III Pay Difference by Location
Insurance Risk Analyst III salary varies from city to city.
Compared with national average salary of Insurance Risk Analyst III, the highest Insurance Risk Analyst III salary is in San Francisco, CA, where the Insurance Risk Analyst III salary is 25.0% above.
The lowest Insurance Risk Analyst III salary is in Miami, FL, where the Insurance Risk Analyst III salary is 3.5% lower than national average salary.
Cranston, once known as Pawtuxet, is a city in Providence County, Rhode Island, United States. With a population of 80,529 at the 2010 census, it is the third largest city in the state. The center of population of Rhode Island is located in Cranston. Cranston is a part of the Providence metropolitan area.
Cranston was named one of the "100 Best Places to Live" in the United States by Money magazine in 2006. It is among the top 25 safest cities in the country, according to CQ Press's research. According to the survey done by 24/7 Wall St website, Cranston ranked 36th on the list of “America’s ...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Insurance Risk Analyst III Salary by Global Country
Insurance Risk Analyst III salary varies from country to country.
There are several factors that mainly impact the Insurance Risk Analyst III salary, including cost of living, economic conditions, market rates and legal differences.
Click below to Insurance Risk Analyst III salary of the other country.
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Browse Related Job Categories With Insurance Risk Analyst III
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries.
Insurance Risk Analyst III salary varies from category to category.
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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 Risk Analyst III, base salary plus other pay elements
Average Base Salary
Core compensation
 
 
 
93698
121178
107138
Average Total Cash Compensation
Includes base and annual incentives
 
 
 
98584
130542
113766
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Risk Analyst III in Cranston, RI. The base salary for Insurance Risk Analyst III ranges from $93,698 to $121,178 with the average base salary of $107,138. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $98,584 to $130,542 with the average total cash compensation of $113,766.
About Cranston, Rhode Island Cranston, once known as Pawtuxet, is a city in Providence County, Rhode Island, United States. With a population of 80,529 at the 2010 census, it is t....More