How much does a Claims Executive make in Newark, NJ?

As of March 01, 2025, the average annual salary for a Claims Executive in Newark, NJ is $278,563. According to Salary.com, salaries can range from a low of $195,841 to a high of $363,425, with most professionals earning between $235,263 and $322,983.

Claims Executive Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $322,983 $26,915 $6,211 $155
Average $278,563 $23,214 $5,357 $134
25th Percentile $235,263 $19,605 $4,524 $113

Average Salary

25% $235,263 10% $195,841 90% $363,425 75% $322,983 $278,563 50%(Median) Didn’t find job title? Click
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How much does a Claims Executive make by hour, week, month, and year?

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Last Updated on March 01, 2025
Last Updated on March 01, 2025

Job Openings of Claims Executive

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Cost of Living In Newark, NJ

Cost of Living in Newark , NJ is
19.1% Higher
than the National Average
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Best-Paid Skills and Qualifications for Claims Executive

What skills does a Claims Executive 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.

Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.

2.

Claim Handling: involved in managing a claim from the start through to settlement, making decisions on the extent and validity of a claim, and checking for any potential fraudulent activity.

3.

Prospecting: Prospecting is the first stage of the geological analysis (second – exploration) of a territory. It is the physical search for minerals, fossils, precious metals or mineral specimens, and is also known as fossicking. Prospecting is a small-scale form of mineral exploration which is an organised, large scale effort undertaken by commercial mineral companies to find commercially viable ore deposits. Prospecting is physical labour, involving traversing (traditionally on foot or on horseback), panning, sifting and outcrop investigation, looking for signs of mineralisation. In some areas a prospector must also make claims, meaning they must erect posts with the appropriate placards on all four corners of a desired land they wish to prospect and register this claim before they may take samples. In other areas publicly held lands are open to prospecting without staking a mining claim.

Leadership 16%
Claim Handling 8%
Prospecting 4%
Others 72%
View as Table
What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Claims Executive higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Team Management, you can get a 22% salary raise. If you are good at Analytical Skills, your salary will increase by 12%. If you are expert in Initiative, your salary will rise by 11%.
Skill Salary Demand
Team Management
$339,847
22%
Analytical Skills
$311,991
12%
Initiative
$309,205
11%
Leadership
$309,205
11%
Written Communication
$306,419
10%
Claim Handling
$303,634
9%
Last Updated on March 01, 2025

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average salary for a Claims Executive is $278,563 per year in Newark, NJ, updated at March 01, 2025.
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