1. Stanford University
Stanford, CA • Private
In-State Tuition
$51,354
Enrollment
7,083
A senior claims adjuster is a leadership individual who works in the insurance field. These professionals oversee insurance claims on policies in a specific field, whether it be health, housing, or automobile insurance. Senior claims adjusters manage junior adjusters in the processing of final decisions for claims based on the junior adjusters' recommendations. A senior claims adjuster also inspects and analyzes claims to validate and adjust payments.
Most senior claims adjusters have a bachelor's degree in accounting, business, or a related area; however, an advanced degree is not necessarily a requirement provided the candidate has comparable knowledge and skills. A senior claims adjuster should have considerable experience in the insurance industry and possess strong mathematical, analytical, management, and organizational skills.
A senior claims adjuster can make up to $65,000 annually, and the career field is expected to decline slightly by 4% in the next 10 years.
There are certain skills that many senior claims adjusters have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and detail oriented.
If you're interested in becoming a senior claims adjuster, one of the first things to consider is how much education you need. We've determined that 69.6% of senior claims adjusters have a bachelor's degree. In terms of higher education levels, we found that 5.9% of senior claims adjusters have master's degrees. Even though most senior claims adjusters have a college degree, it's possible to become one with only a high school degree or GED.
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a senior claims adjuster can determine their career goals through the career progression. For example, they could start out with a role such as claims manager, progress to a title such as manager and then eventually end up with the title practice manager.
What Am I Worth?
The role of a senior claims adjuster includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general senior claims adjuster responsibilities:
There are several types of senior claims adjuster, including:
Claims adjusters spend a lot of their time evaluating insurance claims. Sometimes they decide the claims are valid; other times not so much. This position is full-time and isn't always located in the office. Many times you'll have to leave to inspect properties, such as damaged buildings and vehicles. This will help you assess the claim properly.
Typically, employers only require a high school diploma, but some positions can require a higher education. Or at least some insurance-related work experience. If you're looking for a job where you don't have to sit at a desk all day, this might just be the perfect fit for you.
An adjuster or claims adjuster is an agent who looks into claims to determine if or how much the insurer should pay the insured for damage. As an adjuster, you have to determine effective ways to settle all claims. Your job requires you to research records and interview witnesses to understand the nature and what happened before the claim. You are also expected to find out the cost of fixing the damage and monitor the services of the repairer to ensure the damages are fixed. You will also need to create detailed reports of the damage and everything related to the claim.
To get a job as an adjuster, you must have a high school diploma or a bachelor's degree in finance or a related field. Also, you must possess superior communication and negotiation skills. Furthermore, you must have in-depth knowledge of spreadsheet software. With these, you will earn an average of $40,150 per year or $19.3 per hour.
Claims managers are responsible for handling the claims department to ensure that an effective review is conducted by the company in accordance with the law and regulations. They need to be highly thorough and capable of identifying small details that could suggest deliberate deception or even inaccurate facts. In order to successfully handle claims, companies rely on claims managers to provide expert feedback on the day-to-day procedures.
Claims managers' everyday responsibilities include, but are not limited to, developing and enforcing different claims processes and procedures, providing services to all company needs and ensuring optimum management of all claims, investigating all problems, and providing training to all business units. They are also in charge of reviewing all associated claims business divisions. Oftentimes they are tasked to provide training to new recruits to handle all pending claims and establish an effective duty program and work with the HR team to promote the same.
Many employers prefer candidates that have a bachelor's degree in a related field and at least one to three years of experience working in insurance claims or in a leadership position. It is important that candidates have strong analytical and problem-solving skills.
Mouse over a state to see the number of active senior claims adjuster jobs in each state. The darker areas on the map show where senior claims adjusters earn the highest salaries across all 50 states.
Rank | State | Number of Jobs | Average Salary |
---|---|---|---|
1 | California | 370 | $72,202 |
2 | Florida | 268 | $59,586 |
3 | Texas | 251 | $53,089 |
4 | Illinois | 163 | $52,942 |
5 | New York | 157 | $63,222 |
6 | New Jersey | 145 | $83,395 |
7 | Pennsylvania | 135 | $66,658 |
8 | Arizona | 135 | $49,932 |
9 | Georgia | 129 | $56,510 |
10 | Michigan | 99 | $58,464 |
11 | Ohio | 93 | $59,932 |
12 | North Carolina | 86 | $62,168 |
13 | Minnesota | 84 | $51,421 |
14 | Wisconsin | 83 | $53,111 |
15 | Tennessee | 75 | $46,638 |
16 | Massachusetts | 74 | $67,312 |
17 | Virginia | 70 | $58,544 |
18 | Colorado | 70 | $49,172 |
19 | Missouri | 65 | $49,511 |
20 | Iowa | 63 | $44,904 |
21 | Connecticut | 60 | $61,718 |
22 | Kansas | 59 | $56,187 |
23 | Maryland | 59 | $64,157 |
24 | Indiana | 58 | $51,500 |
25 | Oregon | 52 | $61,224 |
26 | Washington | 49 | $62,424 |
27 | Alabama | 39 | $51,651 |
28 | Louisiana | 37 | $52,779 |
29 | Kentucky | 35 | $53,751 |
30 | Nevada | 34 | $55,002 |
31 | Nebraska | 34 | $51,304 |
32 | Oklahoma | 32 | $52,554 |
33 | Montana | 29 | $49,572 |
34 | South Carolina | 28 | $50,722 |
35 | North Dakota | 27 | $47,646 |
36 | Arkansas | 27 | $44,886 |
37 | Idaho | 26 | $56,215 |
38 | South Dakota | 23 | $51,404 |
39 | New Mexico | 21 | $53,949 |
40 | Utah | 20 | $50,306 |
41 | Delaware | 17 | $53,913 |
42 | Mississippi | 17 | $41,453 |
43 | Rhode Island | 13 | $67,320 |
44 | New Hampshire | 12 | $62,025 |
45 | Maine | 12 | $56,766 |
46 | West Virginia | 11 | $52,199 |
47 | Vermont | 7 | $60,307 |
48 | Wyoming | 7 | $54,290 |
49 | Alaska | 6 | $63,754 |
50 | Hawaii | 6 | $64,121 |
Stanford, CA • Private
In-State Tuition
$51,354
Enrollment
7,083
Philadelphia, PA • Private
In-State Tuition
$55,584
Enrollment
10,764
Evanston, IL • Private
In-State Tuition
$54,568
Enrollment
8,451
Castine, ME • Private
In-State Tuition
$13,478
Enrollment
979
Los Angeles, CA • Private
In-State Tuition
$56,225
Enrollment
19,548
Bakersfield, CA • Private
In-State Tuition
$7,309
Enrollment
9,142
Vestal, NY • Private
In-State Tuition
$9,808
Enrollment
13,990
Villanova, PA • Private
In-State Tuition
$53,308
Enrollment
6,819
San Diego, CA • Private
In-State Tuition
$7,488
Enrollment
30,018
Waltham, MA • Private
In-State Tuition
$49,880
Enrollment
4,177
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 24.9% of senior claims adjusters listed customer service on their resume, but soft skills such as analytical skills and communication skills are important as well.
Zippia allows you to choose from different easy-to-use Senior Claims Adjuster templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Senior Claims Adjuster resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
After extensive research and analysis, Zippia's data science team found that:
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Some places are better than others when it comes to starting a career as a senior claims adjuster. The best states for people in this position are New Jersey, California, Rhode Island, and Massachusetts. Senior claims adjusters make the most in New Jersey with an average salary of $83,395. Whereas in California and Rhode Island, they would average $72,202 and $67,320, respectively. While senior claims adjusters would only make an average of $67,312 in Massachusetts, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. New Jersey
$83,395
Avg. Salary
2. California
$72,202
Avg. Salary
3. Pennsylvania
$66,658
Avg. Salary
Working from home
Amount of work expected, duplicative data entry and oversight adjusters. Angry phone calls.
Rank | Company | Average Salary | Hourly Rate | Job Openings |
---|---|---|---|---|
1 | EMC Insurance | $88,793 | $42.69 | 22 |
2 | AIG | $87,017 | $41.84 | 23 |
3 | CNA Insurance | $83,649 | $40.22 | 25 |
4 | The Hanover Insurance Group | $81,120 | $39.00 | 16 |
5 | Liberty Mutual Insurance | $70,332 | $33.81 | 174 |
6 | IBX Foundation | $65,834 | $31.65 | 19 |
7 | Sentry | $65,108 | $31.30 | 19 |
8 | American Family Insurance | $63,895 | $30.72 | 34 |
9 | Crawford & Company | $62,856 | $30.22 | 32 |
10 | Encompass Insurance | $62,267 | $29.94 | 23 |