Nearing the top of the pay scale are Senior Underwriters, Insurance Underwriters, Underwriters, and Claims Examiners and Investigators; while the first receives the highest median pay at $86K, the other salaries come in at $66K, approximately $64K, and around $61K, respectively. Customer Service Representatives make about $36K, close to the bottom of the company pay scale.
Years of Experience
For those who claim five to nine years of work experience, pay generally amounts to $69K. A typical employee has one to four years of experience and earns approximately $59K per year.
Median pay is highest in the company's headquarter city of Boston (around $89K annually), followed by New York ($88K), Seattle ($80K), and Portsmouth ($74K). Approaching the lower end of the pay scale (at about $66K) is Dallas. By state, the highest pay levels are found in Massachusetts, where the average Liberty Mutual Insurance Group employee makes approximately $80K per year.
Certifications and Degrees
Certified Public Accountants are compensated at a much higher rate than non-authorized workers, bringing in close to $96K. Risk Management Associates also rank high on the pay scale, with expected earnings of $83K annually. It pays to have a Bachelor's Degree, Business Management at Liberty Mutual Insurance Group — these employees make the most at $127K per year.
In this role, the best-paying skill appears to be Project Management; individuals who claim it among their capabilities enjoy a higher median salary of about $91K. Insurance is considered a run-of-the-mill skill; somewhere between a fifth and a fourth of Liberty Mutual Insurance Group's people use it regularly. Employees also tend to know Customer Service, Claim Handling, and Negotiation.
Benefits and Perks
The benefits packages at Liberty Mutual Insurance Group can sometimes lack paid time off; 42 percent get paid vacation days, and a sixth of workers receive paid sick leave. Liberty Mutual Insurance Group workers get plenty of help saving for their golden years, with retirement savings options such as a 401(k) plan and a company pension plan. Perks cover health insurance for the vast majority of workers and dental coverage for nearly all workers. Perks also include life insurance, tuition reimbursement, and a casual working environment.