How much does a Rating Specialist make in Miami, FL? The average Rating Specialist salary in Miami, FL is $49,007 as of February 26, 2024, but the range typically falls between $39,920 and $58,283. 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. 

500+ Rating Specialist job openings Go >
Rating Specialist Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Rating Specialist Salary $31,647 Miami,FL February 26, 2024
25th Percentile Rating Specialist Salary $39,920 Miami,FL February 26, 2024
50th Percentile Rating Specialist Salary $49,007 Miami,FL February 26, 2024
75th Percentile Rating Specialist Salary $58,283 Miami,FL February 26, 2024
90th Percentile Rating Specialist Salary $66,727 Miami,FL February 26, 2024
25% $39,920 10% $31,647 90% $66,727 75% $58,283 $49,007 50%(Median) Didn’t find job title? Click
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What skills does a Rating Specialist 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.

Data Gathering: Data collection is the process of gathering and measuring information on targeted variables in an established system, which then enables one to answer relevant questions and evaluate outcomes.

3.

Billing: Billing refers to the aspect of banking, whereby someone is charged accurately for what item they purchased.

Risk Management 6.25%
Data Gathering 2.5%
Billing 2.5%
Others 88.75%

Job Description for Rating Specialist

Rating Specialist is responsible for calculating insurance premiums based on rate books, calculators, and the type and amount of policy. Revises rates as necessary and maintains records and appropriate filings. Being a Rating Specialist requires a high school diploma or equivalent. Typically reports to a supervisor or manager. The Rating Specialist works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. To be a Rating Specialist typically requires 3-5 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Rating Specialist in Miami, FL

Career Path for Rating Specialist

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 Rating Specialist, the first career path typically progresses to Policy Change Supervisor.

Those that have already made the climb...
John D. Rainey, Former Chief Financial Officer and EVP, Global Customer Operations
PayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consu... More
Fiscal Year Ended in 2022
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Rating Specialist salary varies from city to city. Compared with national average salary of Rating Specialist, the highest Rating Specialist salary is in San Francisco, CA, where the Rating Specialist salary is 25.0% above. The lowest Rating Specialist salary is in Miami, FL, where the Rating Specialist 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 a Rating Specialist, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
39920
58283
49007

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
40960
60386
50095
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Rating Specialist in Miami, FL. The base salary for Rating Specialist ranges from $39,920 to $58,283 with the average base salary of $49,007. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $40,960 to $60,386 with the average total cash compensation of $50,095.
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How much should you be paid?

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

39920
58283

 

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How much should you be paid?

About Miami, Florida    Miami, officially the City of Miami, is the cultural, economic and financial center of South Florida. Miami is the seat of Miami-Dade County, the most....More

Miami, Florida  area prices were up 2.9% from a year ago    View the Cost of Living in Miami, Florida

Rating Specialist Salary in popular cities: JacksonvilleTampaSaint Petersburg

Skills associated with Rating Specialist: Insurance Regulatory Guidelines, Document Preparation, Calculate Ratings, Calculate Payments/Premiums ...More

Jobs with a similar salary range to Rating Specialist : Rating Analyst, Client Success Specialist, Filtration Specialist

Salary estimation for Rating Specialist at companies like : Coon Memorial Hospital LLC, Mobile Supply Company Inc, Gabriel Performance Products

Jobs with a similar salary range to Rating Specialist : Insurance Rater, Location Assistant, Ratings Analyst