Nearing the top of the pay scale are Senior Underwriters, Senior Claims Adjusters, Insurance Claims Adjusters, and Insurance Claims Specialists; while the first receives the highest median pay at approximately $87K annually, the other salaries come in at about $66K, $54K, and around $54K, respectively. Among the lower-paid positions at Liberty Mutual Insurance Group are Insurance Sales Representatives — the median salary for this role approaches $30K.
Years of Experience
Five to nine years of work experience seem to result in median wages of $70K per year. The greater proportion of employees (31 percent) report one to four years of experience and bring home median pay of $58K annually.
When it comes to location, the highest average paycheck ($76K per year) can be spotted in Portsmouth, N.H.; Seattle, Wash. (approximately $75K), Dover, N.H. (about $75K), and the company's headquarter city of Boston, Mass. ($74K) are the next top-paying cities. Expected earnings are below average (around $67K) in Charlotte, N.C., one of the lowest-paid cities. The highest pay by state can be found in New Hampshire, where salaries average out at approximately $75K annually.
Certifications and Degrees
Certified Public Accountants have significantly higher pay than non-accredited workers at $95K per year. Acquiring certification to be a Risk Management Associate is rewarded with median pay of $80K annually. At Liberty Mutual Insurance Group, employees who hold a Master of Business Administration (MBA), Finance receive the highest salaries at around $126K.
In this position, it pays to have Project Management in your toolkit; employees who claim proficiency enjoy a higher median salary of about $91K per year. Customer Service also popped up often in the survey as an important skill; slightly more than a fifth of employees surveyed report using it at work. Key skills also include Claim Handling, Insurance, and Negotiation.
Benefits and Perks
Workers can easily stock up on retirement savings by participating in several options such as a 401(k) plan and a company pension plan. Liberty Mutual Insurance Group provides health insurance to nearly all survey participants, and a large number of workers do receive dental coverage. Additional benefits of working here are life insurance, tuition reimbursement, flexible hours, and a casual working environment.