How much does a Reinsurance Clerk make in Adams, ND? The average Reinsurance Clerk salary in Adams, ND is $45,066 as of February 26, 2024, but the range typically falls between $42,139 and $49,888. 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. 

Reinsurance Clerk Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Reinsurance Clerk Salary $39,473 Adams,ND February 26, 2024
25th Percentile Reinsurance Clerk Salary $42,139 Adams,ND February 26, 2024
50th Percentile Reinsurance Clerk Salary $45,066 Adams,ND February 26, 2024
75th Percentile Reinsurance Clerk Salary $49,888 Adams,ND February 26, 2024
90th Percentile Reinsurance Clerk Salary $54,278 Adams,ND February 26, 2024
25% $42,139 10% $39,473 90% $54,278 75% $49,888 $45,066 50%(Median) Didn’t find job title? Click
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What skills does a Reinsurance Clerk 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.

Initiative: Taking decisive action and initiating plans independently to address problems, improve professional life, and achieve goals.

2.

Life Insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period

3.

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.

Initiative 4.18%
Life Insurance 1.93%
Data Analysis 0.64%
Others 93.25%

Job Description for Reinsurance Clerk

Reinsurance Clerk performs routine reinsurance clerical duties, such as maintaining records, processing, and verifying new business. Performs basic accounting activities such as calculations and preparation of billing statements and financial reports. Being a Reinsurance Clerk verifies the policies of reinsurance clients and reviews company records to determine correct coverage. May coordinate the exchange of underwriting information between the reinsurance market and the underwriting staff. Additionally, Reinsurance Clerk may process monthly premium billing statements and other reports. Requires a high school diploma or its equivalent. Typically reports to a supervisor or manager. The Reinsurance Clerk possesses a moderate understanding of general aspects of the job. Works under the close direction of senior personnel in the functional area. May require 0-1 year of general work experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Reinsurance Clerk in Adams, ND

Career Path for Reinsurance Clerk

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 Clerk, the upper level is Enrollment & Billing Representative II and then progresses to Enrollment & Billing Supervisor.

Those that have already made the climb...
Patrick J. Haveron, Co-Chief Executive Officer and Chief Financial Officer
Maiden Holdings, Ltd., through its subsidiaries, provides property and casualty reinsurance solutions to regional and specialty insurers in Europe, the United States, and internationally. It operates in two segments, Diversified Reinsurance and AmTrust Reinsurance. The company writes treaties on a quota share basis and... More
Fiscal Year Ended in 2022
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Reinsurance Clerk salary varies from city to city. Compared with national average salary of Reinsurance Clerk, the highest Reinsurance Clerk salary is in San Francisco, CA, where the Reinsurance Clerk salary is 25.0% above. The lowest Reinsurance Clerk salary is in Miami, FL, where the Reinsurance Clerk salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Understand the total compensation opportunity for a Reinsurance Clerk, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
42139
49888
45066

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
43947
51541
46892
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Reinsurance Clerk in Adams, ND. The base salary for Reinsurance Clerk ranges from $42,139 to $49,888 with the average base salary of $45,066. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $43,947 to $51,541 with the average total cash compensation of $46,892.
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42139
49888

 

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About Adams, North Dakota    Adams is a city in Walsh County, North Dakota, United States. The population was 127 at the 2010 census. Adams was founded in 1905. Adams is twinned w....More

Adams, North Dakota  area prices were up 0.8% from a year ago    View the Cost of Living in Adams, North Dakota

Reinsurance Clerk Salary in popular cities: FargoBismarckGrand Forks

Skills associated with Reinsurance Clerk: Insurance Software, Inquiry Research/Response, Data Entry-Keyboarding, Insurance Operations ...More

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