How much does a Rating Specialist make in Mississippi? The average Rating Specialist salary in Mississippi is $45,033 as of February 26, 2024, but the range typically falls between $36,682 and $53,556. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

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Rating Specialist Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Rating Specialist Salary $29,080 MS February 26, 2024
25th Percentile Rating Specialist Salary $36,682 MS February 26, 2024
50th Percentile Rating Specialist Salary $45,033 MS February 26, 2024
75th Percentile Rating Specialist Salary $53,556 MS February 26, 2024
90th Percentile Rating Specialist Salary $61,316 MS February 26, 2024
25% $36,682 10% $29,080 90% $61,316 75% $53,556 $45,033 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 Mississippi

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Location Avg. Salary Date Updated
Location Olive Branch, MS Avg. Salary $46,606 Date Updated February 26, 2024
Location Abbeville, MS Avg. Salary $46,441 Date Updated February 26, 2024
Location Aberdeen, MS Avg. Salary $42,750 Date Updated February 26, 2024
Location Ackerman, MS Avg. Salary $42,599 Date Updated February 26, 2024
Location Algoma, MS Avg. Salary $42,599 Date Updated February 26, 2024
Location Alligator, MS Avg. Salary $44,437 Date Updated February 26, 2024
Location Amory, MS Avg. Salary $42,599 Date Updated February 26, 2024
Location Anguilla, MS Avg. Salary $44,467 Date Updated February 26, 2024
Location Arcola, MS Avg. Salary $44,891 Date Updated February 26, 2024
Location Arkabutla, MS Avg. Salary $46,441 Date Updated February 26, 2024

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.

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

Rating Specialist Salary in Mississippi
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