How much does a Reinsurance Specialist make in the United States? The average Reinsurance Specialist salary in the United States is $64,909 as of August 27, 2024, but the range typically falls between $55,388 and $71,644. 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 Reinsurance Specialist Salary | $46,721 | US | August 27, 2024 |
25th Percentile Reinsurance Specialist Salary | $55,388 | US | August 27, 2024 |
50th Percentile Reinsurance Specialist Salary | $64,909 | US | August 27, 2024 |
75th Percentile Reinsurance Specialist Salary | $71,644 | US | August 27, 2024 |
90th Percentile Reinsurance Specialist Salary | $77,777 | US | August 27, 2024 |
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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Data Analysis: Data analysis is a process of inspecting, cleansing, transforming, and modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making. Data analysis has multiple facets and approaches, encompassing diverse techniques under a variety of names, and is used in different business, science, and social science domains. In today's business world, data analysis plays a role in making decisions more scientific and helping businesses operate more effectively. Data mining is a particular data analysis technique that focuses on modeling and knowledge discovery for predictive rather than purely descriptive purposes, while business intelligence covers data analysis that relies heavily on aggregation, focusing mainly on business information. In statistical applications, data analysis can be divided into descriptive statistics, exploratory data analysis (EDA), and confirmatory data analysis (CDA). EDA focuses on discovering new features in the data while CDA focuses on confirming or falsifying existing hypotheses. Predictive analytics focuses on application of statistical models for predictive forecasting or classification, while text analytics applies statistical, linguistic, and structural techniques to extract and classify information from textual sources, a species of unstructured data. All of the above are varieties of data analysis.
CFA: The Chartered Financial Analyst program is a postgraduate professional certification offered internationally by the American-based CFA Institute to investment and financial professional
Skill | Salary | Demand |
---|---|---|
Initiative
|
$68,154 |
5%
|
Planning
|
$66,207 |
2%
|
Microsoft Office
|
$66,207 |
2%
|
Organizational Skills
|
$65,558 |
1%
|
Problem Solving
|
$65,558 |
1%
|
Attention to Detail
|
$65,558 |
1%
|
What Should I Pay?
Reinsurance Specialist performs routine reinsurance administrative duties, such as maintaining records, processing and verifying new business. Organizes the preparation of monthly and annual reports and ensures reinsurance information has been recorded accurately. Being a Reinsurance Specialist performs reconciliation of premium billing statements and DAC tax calculations and maintenance of various reinsurance operations. Researches and resolves the more complex cases and provides guidance to others. Additionally, Reinsurance Specialist may review work performed by others and train new staff. Works towards industry designations (e.g., FLMI, ARA, ACS, etc.). Requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Reinsurance Specialist gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Reinsurance Specialist typically requires 2 to 4 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 Reinsurance Specialist, the first career path typically starts with an Enrollment & Billing Supervisor position, and then Enrollment & Billing Manager.
The second career path typically progresses to Pension Administrator, Sr..
Additionally, the third career path typically progresses to Reinsurance Director.
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Reinsurance Specialist salary varies from city to city. Compared with national average salary of Reinsurance Specialist, the highest Reinsurance Specialist salary is in San Francisco, CA, where the Reinsurance Specialist salary is 25.0% above. The lowest Reinsurance Specialist salary is in Miami, FL, where the Reinsurance Specialist salary is 3.5% lower than national average salary.
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Jobs with different levels of education may pay very differently. Check the Reinsurance Specialist salary of your education level.
Reinsurance Specialist salary varies from country to country. There are several factors that mainly impact the Reinsurance Specialist salary, including cost of living, economic conditions, market rates and legal differences. Click below to Reinsurance Specialist salary of the other country.
Geographic variations impact Reinsurance Specialist salary levels, due to various factors, such as cost of living, industries, market demand and company budgets. Click below to see pay differences between states.
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Reinsurance Specialist salary varies from category to category. Click below to see Reinsurance Specialist salary in different categories.
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Skills associated with Reinsurance Specialist: Insurance Products Servicing, Insurance Software, Document Processing, Inquiry Research/Response ...More
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