Insurance Risk Manager Salary in Albany, Louisiana

How much does an Insurance Risk Manager make hourly in Albany, LA? The average hourly wage for an Insurance Risk Manager in Albany, LA is $59 as of May 25, 2023, but the range typically falls between $51 and $70. Hourly rate 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. 

About Albany, Louisiana    Albany is a village in Livingston Parish, Louisiana, United States. The population was 1088 at the 2010 census. It is part of the Baton Rouge Metropol....More

Albany, Louisiana  area prices were up 1.2% from a year ago    View the Cost of Living in Albany, Louisiana

Job Description

Manages an organization's overall insurance programs. Analyzes insurance needs by identifying risk exposures and analyzing and classifying risks to provide optimum coverage, costs and claim settlements. Conducts regular policy reviews, research and compile loss trends, review actuarial estimations. Administers systems to collect data and generate meaningful models and reporting to support decisions. Coordinates policy renewals and applications. May administer self- insured plans. Requires a bachelor's degree. Typically reports to a director. 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. 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. (Copyright 2023 Salary.com)

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Understand the total hourly compensation opportunity for a Insurance Risk Manager, hourly wage plus other pay elements

Average Hourly Wage

Core compensation

 
 
 
51
70
59

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
55
80
67
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Insurance Risk Manager in Albany, LA. The average hourly rate for Insurance Risk Manager ranges from $51 to $70 with the average hourly pay of $59. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $55 to $80 with the average total hourly cash compensation of $67.
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51
70

 

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Career Path for this job

  1. Down a level:

    Insurance Risk Analyst IV

    7 + years experience
    Bachelor's Degree

  2. This Job:

    Insurance Risk Manager

    5 + years experience
    Bachelor's Degree

  3. Up a level:

    Insurance Risk Director


    Bachelor's Degree

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Job Openings for Insurance Risk Manager in Albany, LA