How much does a Reinsurance Specialist make in Washington? The average Reinsurance Specialist salary in Washington is $68,666 as of February 26, 2024, but the range typically falls between $58,590 and $75,790. 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.

Reinsurance Specialist Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Reinsurance Specialist Salary $49,416 WA February 26, 2024
25th Percentile Reinsurance Specialist Salary $58,590 WA February 26, 2024
50th Percentile Reinsurance Specialist Salary $68,666 WA February 26, 2024
75th Percentile Reinsurance Specialist Salary $75,790 WA February 26, 2024
90th Percentile Reinsurance Specialist Salary $82,276 WA February 26, 2024
25% $58,590 10% $49,416 90% $82,276 75% $75,790 $68,666 50%(Median) Didn’t find job title? Click
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What skills does a Reinsurance Specialist 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.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

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.

3.

CFA: The Chartered Financial Analyst program is a postgraduate professional certification offered internationally by the American-based CFA Institute to investment and financial professional

Analysis 4.81%
Data Analysis 2.56%
CFA 1.74%
Others 90.89%

Job Description for Reinsurance Specialist

Reinsurance Specialist performs routine reinsurance administrative duties, such as maintaining records, processing and verifying new business. Organizes the preparation of monthly and annual reports and ensures reinsurance information has been recorded accurately. Being a Reinsurance Specialist performs reconciliation of premium billing statements and DAC tax calculations and maintenance of various reinsurance operations. Researches and resolves the more complex cases and provides guidance to others. Additionally, Reinsurance Specialist may review work performed by others and train new staff. Works towards industry designations (e.g., FLMI, ARA, ACS, etc.). Requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Reinsurance Specialist gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Reinsurance Specialist typically requires 2 to 4 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Reinsurance Specialist in Washington

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Location Avg. Salary Date Updated
Location Aberdeen, WA Avg. Salary $66,076 Date Updated February 26, 2024
Location Acme, WA Avg. Salary $65,642 Date Updated February 26, 2024
Location Addy, WA Avg. Salary $62,490 Date Updated February 26, 2024
Location Adna, WA Avg. Salary $66,076 Date Updated February 26, 2024
Location Airway Heights, WA Avg. Salary $63,002 Date Updated February 26, 2024
Location Albion, WA Avg. Salary $62,490 Date Updated February 26, 2024
Location Allyn, WA Avg. Salary $68,881 Date Updated February 26, 2024
Location Almira, WA Avg. Salary $62,490 Date Updated February 26, 2024
Location Amanda Park, WA Avg. Salary $66,076 Date Updated February 26, 2024
Location Amboy, WA Avg. Salary $66,036 Date Updated February 26, 2024

Career Path for Reinsurance Specialist

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 Specialist, the first career path typically starts with an Enrollment & Billing Supervisor position, and then Enrollment & Billing Manager.

The second career path typically progresses to Pension Administrator, Sr..

Additionally, the third career path typically progresses to Reinsurance Director.

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Reinsurance Specialist Salary in Washington
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