How Much Does a Claims Settlement Manager make?

Claims Settlement Manager made a median salary around $120,801 in December, 2024. The best-paid 25 percent made $135,781 probably that year, while the lowest-paid 25 percent made around $107,052. 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.
25% $107,052 10% $94,534 90% $149,420 75% $135,781 $120,801 50%(Median)
Check out Claims Settlement Manager jobs in Columbia, South Carolina

Unit Manager

Complete Care at Brackenville - HOCKESSIN, DE

General Liability Claims Specialist

CNA Insurance - DOWNERS GROVE, IL

OR Manager

USPI - SUFFOLK, VA

Medical Claims Reviewer with Security Clearance

Osi Vision LLC - RANDOLPH AIR FORCE BASE, TX

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Best-Paying Cities for Claims Settlement Manager

The metropolitan areas that pay the highest salary in the Claims Settlement Manager profession are Bowling Green , Clover , Edgemoor , Fort Mill , Rock Hill .
Bowling Green, SC $126,274
Clover, SC $126,274
Edgemoor, SC $126,144
Fort Mill, SC $126,144
Rock Hill, SC $126,144

Best-Paying States for Claims Settlement Manager

The states and districts that pay Claims Settlement Manager the highest salary are District of Columbia (around $145,040) , California (around $143,736) , New Jersey (around $142,824) , Alaska (around $141,912) , and Massachusetts (around $141,782) .
District of Columbia $145,040
California $143,736
New Jersey $142,824
Alaska $141,912
Massachusetts $141,782

What is the Career Path of Claims Settlement Manager?

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 Claims Settlement Manager, the first career path typically progresses to Appeal Resolution Senior Manager.

The second career path typically starts with a Claims Manager, Senior position , and then progresses to Top Claims Executive.

Additionally, the third career path typically progresses to Claims Processing Director - Healthcare.

Frequently Asked Questions for Claims Settlement Manager

Q: What is the salary range of Claims Settlement Manager in Columbia, SC?
A: In 2024 , the lowest-paid Claims Settlement Manager in Columbia, SC earned an average annual salary of $107,052 , while the highest-paid made $135,781.
Q: What is the salary for a Claims Settlement Manager in California?
A: Claims Settlement Manager employed in California earned an average salary of $143,736 in 2024.

Average Claims Settlement Manager Pay vs. Other Jobs

Claims Settlement Manager earned an average salary of $120,801 in 2024. Other jobs related to Claims Settlement Manager earned the following average salary in December, 2024. Claims Review and Settlement Senior Manager made $153,300 , Claims Review and Settlement Regional Manager made $154,870 , Claim Review and Settlement Manager and Claims Manager made $119,700 and $119,700 respectively .

Relevant Jobs of Claims Settlement Manager

The Claims Review and Settlement Senior Manager oversees the intake and processing of insurance claims for personal, property, or casualty loss based on coverage, appraisal, and verifiable damage. Manages the operations of an insurance claims department to meet operational, financial, and service requirements. Being a Claims Review and Settlement Senior Manager assures timely and proper disposition of claims based on policy provisions. Manages appraisal and examination staff and processes. In addition, Claims Review and Settlement Senior Manager recommends and implements best practices to ensure complete and thorough claim settlements, legal reviews, and investigations following company policies and insurance industry regulations. Determines the value of settlements for escalated claims. Manages negotiations of settlements and administration of claims in litigation. Typically requires a bachelor's degree. Typically reports to top management. The Claims Review and Settlement Senior Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Working as a Claims Review and Settlement Senior Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments.
There is currently no job description for Claims Review and Settlement Regional Manager, be the first to submit the job responsibilities for Claims Review and Settlement Regional Manager.
Claim Review and Settlement Manager - Average Salary $119,700
The Claim Review and Settlement Manager oversees the intake and processing of insurance claims for personal, property, or casualty loss based on coverage, appraisal, and verifiable damage. Manages the operations of an insurance claims department to meet operational, financial, and service requirements. Being a Claim Review and Settlement Manager assures timely and proper disposition of claims based on policy provisions. Manages appraisal and examination staff and processes. In addition, Claim Review and Settlement Manager recommends and implements best practices to ensure complete and thorough claim settlements, legal reviews, and investigations following company policies and insurance industry regulations. Determines the value of settlements for escalated claims. Manages negotiations of settlements and administration of claims in litigation. Typically requires a bachelor's degree. Typically reports to top management. The Claim Review and Settlement Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Working as a Claim Review and Settlement Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes.
Claims Manager - Average Salary $119,700
Claims Manager manages the operations of an insurance claims department to meet operational, financial, and service requirements. Oversees the intake and processing of insurance claims for personal, property, or casualty loss based on coverage, appraisal, and verifiable damage. Being a Claims Manager manages appraisal and examination staff and processes. Assures timely and proper disposition of claims based on policy provisions. Additionally, Claims Manager recommends and implements best practices to ensure complete and thorough claim settlements, legal reviews, and investigations following company policies and insurance industry regulations. Determines the value of settlements for escalated claims. Manages negotiations of settlements and administration of claims in litigation. Typically requires a bachelor's degree. Typically reports to a director. The Claims Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Claims Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes.
Settlement Manager - Average Salary $55,894
There is currently no job description for Settlement Manager, be the first to submit the job responsibilities for Settlement Manager.