As of April 01, 2025, the average annual salary for an Insurance Risk Analyst V in Newark, NJ is $159,663. Salary.com reports that pay typically ranges from $153,399 to $163,857, with most professionals earning between $147,697 and $167,676.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $144,699 | $12,058 | $2,783 | $70 |
| Average | $140,995 | $11,750 | $2,711 | $68 |
| 25th Percentile | $135,464 | $11,289 | $2,605 | $65 |
An entry-level Insurance Risk Analyst V with under 1 year experience makes about $157,139. With less than 2 years of experience, a mid-level Insurance Risk Analyst V makes around $157,606. After 2-4 years, the Insurance Risk Analyst V pay rises to about $157,793. Those senior Insurance Risk Analyst V with 5-8 years of experience earn roughly $158,728, and those Insurance Risk Analyst V having 8 years or more experience are expected to earn about $159,476 on average.
| Levels | Salary |
|---|---|
| Entry Level Insurance Risk Analyst V | $157,139 |
| Intermediate Level Insurance Risk Analyst V | $157,606 |
| Senior Level Insurance Risk Analyst V | $157,793 |
| Specialist Level Insurance Risk Analyst V | $158,728 |
| Expert Level Insurance Risk Analyst V | $159,476 |
| Entry Level | 11% |
| Mid Level | 12% |
| Senior Level | 12% |
| Top Level | 13% |
| Experienced | 13% |
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