Claims Director Salary
Earnings for Claims Directors in the United States come in at around $102K per year on average. Cash earnings for Claims Directors — which occasionally include more than $30K from bonuses and more than $52K from profit sharing — stretch from around $68K to approximately $151K. Residence and career duration each impact pay for this group, with the former having the largest influence. Job satisfaction is reported as high by the vast majority of workers. Claims Directors survey participants are largely women, dominating at 61 percent. Medical benefits are awarded to almost all, and a fair number earn dental coverage.
|Salary||$66,154 - $127,608|
|Bonus||$1,009 - $29,730|
|Profit Sharing||$0.00 - $52,193|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$68,330 - $150,752|
Job Description for Claims Director
Claims directors work within insurance companies and are responsible for responding to various claims made by its customers. Claims directors generally work in office environments during traditional business hours, although overtime may occasionally be required depending on the employer.Read More...
Those in this position work with many other employees of their companies, including adjusters, claims representatives, and administrative staff. While formal education requirements for the position are not necessarily strict, prior work experience within the claims department of an insurance company is often required.
Claims directors have a variety of responsibilities, including: overseeing the payment of all claims; ensuring that each claim is valid and adheres to organizational policies; determining various staffing needs within departments; hiring staff members; conferring with legal counsel in various cases; contacting claimants; obtaining additional information from doctors or specialists regarding claims; reporting payment-irregularities; preparing organizational data and reports; supervising claims adjusters; and providing recommendations regarding activities and procedures.
Those in this position should have in-depth knowledge of insurance claims, natural leadership skills, professional interpersonal communication skills, and superb organizational skills.
Claims Director Tasks
- Oversee a department, setting goals, guiding hiring and monitoring the budget.
- Partner with executive leadership to meet goals and achieve organizational strategies.
- Modify, monitor and improve dashboards and metrics for understanding claims process and progress.
- Establish policies that conform to regulations, meet industry standards and satisfy customers.
Claims Director Job Listings
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Popular Skills for Claims Director
Survey takers who work as Claims Directors typically report just a few professional skills. Those who have experience with Operations Management, Claim Handling, and People Management can expect to be compensated well for these skills. Skills that seem to negatively impact pay include People Management. Most people familiar with Claim Handling also know Operations Management.
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Key Stats for Claims Director
Rated 5 out of 5
based on 8 votes.