How much does an Insurance Risk Analyst V make in Providence, RI? The average Insurance Risk Analyst V salary in Providence, RI is $184,283 as of August 27, 2024, but the range typically falls between $159,914 and $206,441. 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 Risk Analyst V Salary | $137,728 | Providence,RI | August 27, 2024 |
25th Percentile Insurance Risk Analyst V Salary | $159,914 | Providence,RI | August 27, 2024 |
50th Percentile Insurance Risk Analyst V Salary | $184,283 | Providence,RI | August 27, 2024 |
75th Percentile Insurance Risk Analyst V Salary | $206,441 | Providence,RI | August 27, 2024 |
90th Percentile Insurance Risk Analyst V Salary | $226,615 | Providence,RI | August 27, 2024 |
What Should I Pay?
Insurance Risk Analyst V 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 V creates risk forecasting models and reporting using business intelligence tools. Evaluates insurance proposals and makes recommendations. Additionally, Insurance Risk Analyst V 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 V works autonomously. Goals are generally communicated in "solution" or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. To be an Insurance Risk Analyst V typically requires 10+ 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 Risk Analyst V, the first career path typically progresses to E-commerce Risk Director.
The second career path typically starts with an Insurance Risk Supervisor position, and then progresses to Insurance Risk Manager.
The third career path typically starts with a Risk Management Supervisor position, and then progresses to Risk Manager.
Additionally, the fourth career path typically progresses to Workers' Compensation Claims Manager.
Salary.com's CompAnalyst platform offers:
Insurance Risk Analyst V salary varies from city to city. Compared with national average salary of Insurance Risk Analyst V, the highest Insurance Risk Analyst V salary is in San Francisco, CA, where the Insurance Risk Analyst V salary is 25.0% above. The lowest Insurance Risk Analyst V salary is in Miami, FL, where the Insurance Risk Analyst V salary is 3.5% lower than national average salary.
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Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Insurance Risk Analyst I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Insurance Risk Analyst II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Insurance Risk Analyst III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Job Title Insurance Risk Analyst IV | Experience 7 + | EducationBachelors | Salary Compared to This Job |
Job Title Insurance Risk Manager | Experience 5 + | EducationBachelors | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Insurance Risk Analyst V salary of your education level.
Insurance Risk Analyst V salary varies from country to country. There are several factors that mainly impact the Insurance Risk Analyst V salary, including cost of living, economic conditions, market rates and legal differences. Click below to Insurance Risk Analyst V salary of the other country.
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Insurance Risk Analyst V salary varies from category to category. Click below to see Insurance Risk Analyst V salary in different categories.
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About Providence, Rhode Island The Providence city limits enclose a small geographical region with a total area of 20.5 square miles (53 km2); 18.5 square miles (48 km2) of it is la....More
Providence, Rhode Island area prices were up 1.6% from a year ago View the Cost of Living in Providence, Rhode Island
Insurance Risk Analyst V Salary in popular cities: Warwick, Cranston, Pawtucket
Skills associated with Insurance Risk Analyst V: Governance, Risk & Compliance Software, Insurance Software, Financial Risk Management Software, Financial Analysis ...More