How much does a Claims Manager, Senior make in South Dakota? The average Claims Manager, Senior salary in South Dakota is $145,576 as of March 26, 2024, but the range typically falls between $128,191 and $166,086. 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.
Percentile | Salary | Location | Last Updated |
10th Percentile Claims Manager, Senior Salary | $112,363 | SD | March 26, 2024 |
25th Percentile Claims Manager, Senior Salary | $128,191 | SD | March 26, 2024 |
50th Percentile Claims Manager, Senior Salary | $145,576 | SD | March 26, 2024 |
75th Percentile Claims Manager, Senior Salary | $166,086 | SD | March 26, 2024 |
90th Percentile Claims Manager, Senior Salary | $184,758 | SD | March 26, 2024 |
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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.
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.
Public Administration: Public administration is a field in which leaders serve communities to advance the common good and effect positive change.
Business Administration: It is the management of all aspects of a business's performance, decisions, and organization. It includes the day to day operations, aspects including finances and human resources, and ensures the company stays aligned to the goal or mission.
Claims Manager, Senior 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, Senior manages appraisal and examination staff and processes. Assures timely and proper disposition of claims based on policy provisions. Additionally, Claims Manager, Senior 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 Manager, Senior 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. To be a Claims Manager, Senior typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)... View full job description
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Location | Avg. Salary | Date Updated |
---|---|---|
Location Deadwood, SD | Avg. Salary $141,690 | Date Updated March 26, 2024 |
Location Pierre, SD | Avg. Salary $136,346 | Date Updated March 26, 2024 |
Location Watertown, SD | Avg. Salary $144,604 | Date Updated March 26, 2024 |
Location Aberdeen, SD | Avg. Salary $133,917 | Date Updated March 26, 2024 |
Location Agar, SD | Avg. Salary $133,917 | Date Updated March 26, 2024 |
Location Akaska, SD | Avg. Salary $133,917 | Date Updated March 26, 2024 |
Location Alcester, SD | Avg. Salary $143,633 | Date Updated March 26, 2024 |
Location Alexandria, SD | Avg. Salary $144,604 | Date Updated March 26, 2024 |
Location Allen, SD | Avg. Salary $141,690 | Date Updated March 26, 2024 |
Location Alpena, SD | Avg. Salary $139,261 | Date Updated March 26, 2024 |
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 Manager, Senior, the first career path typically starts with a Claims Director position, and then progresses to Top Claims Executive.
Additionally, the second career path typically progresses to Claims Processing Director - Healthcare.
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Claims Adjuster I | Experience 0 - 2 | EducationAssociates | Salary Compared to This Job |
Job Title Claims Adjuster II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Claims Adjuster III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Job Title Claims Examiner I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Claims Examiner II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Claims Manager, Senior salary of your education level.
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About South Dakota South Dakota (/- dəˈkoʊtə/ (listen)) is a U.S. state in the Midwestern region of the United States. It is named after the Lakota and Dakota Sioux Nati....More
Skills associated with Claims Manager, Senior: Investigations, Claim Processing, Claim Investigation, Insurance Claims Management Software ...More
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