2025 Lyneer Search Group
Insurance Industry Salary Guide
Access Finance, Accounting, Risk Management, Actuarial Services, Claims Processing, Underwriting, and Operations Salary Benchmarks
CFO Function: Accounting & Finance (Brokers + Carriers)
| Role | 25th %ile | Median | 75th %ile | 90th %ile |
|---|---|---|---|---|
| Chief Financial Officer (CFO) | $175,000 | $250,000 | $325,000 | $400,000 |
| Controller | $135,000 | $165,000 | $195,000 | $225,000 |
| Senior Accountant | $85,000 | $95,000 | $110,000 | $125,000 |
| Staff Accountant | $60,000 | $75,000 | $85,000 | $95,000 |
| Statutory Reporting Manager | $120,000 | $140,000 | $160,000 | $180,000 |
| GAAP Reporting Analyst | $95,000 | $110,000 | $130,000 | $145,000 |
| Treasurer | $150,000 | $175,000 | $200,000 | $225,000 |
| Treasury Analyst | $80,000 | $95,000 | $110,000 | $125,000 |
| FP&A Director | $150,000 | $175,000 | $200,000 | $225,000 |
| Financial Analyst | $75,000 | $88,000 | $100,000 | $115,000 |
| Tax Director | $135,000 | $155,000 | $175,000 | $200,000 |
| Premium Tax Specialist | $75,000 | $90,000 | $105,000 | $120,000 |
| Investment Accountant (Life) | $95,000 | $115,000 | $130,000 | $145,000 |
| Portfolio Analyst | $85,000 | $100,000 | $120,000 | $135,000 |
| A/R Specialist (Broker) | $55,000 | $65,000 | $75,000 | $85,000 |
| Premium Finance Coordinator | $60,000 | $70,000 | $80,000 | $90,000 |
Regional CFO Function Accounting & Finance by AUM Tier
New York, California, Florida, Baltimore/DC, Washington State benchmarks are available upon request. Please contact Karen Childers, at Lyneer Search Group.
Regulatory Reporting & Risk Management
| Role | 25th %ile | Median | 75th %ile | 90th %ile |
|---|---|---|---|---|
| Compliance Officer | $95,000 | $115,000 | $135,000 | $150,000 |
| Regulatory Reporting Specialist | $85,000 | $100,000 | $115,000 | $130,000 |
| Chief Risk Officer (CRO) | $200,000 | $240,000 | $280,000 | $320,000 |
| Risk Analyst | $75,000 | $90,000 | $105,000 | $120,000 |
| Internal Auditor | $80,000 | $95,000 | $110,000 | $125,000 |
| SOX/Controls Analyst | $85,000 | $100,000 | $115,000 | $130,000 |
| Risk Model Validator | $95,000 | $110,000 | $130,000 | $150,000 |
| Governance Analyst | $90,000 | $105,000 | $120,000 | $135,000 |
Actuarial (Carriers: Life & P&C)
| Role | 25th %ile | Median | 75th %ile | 90th %ile |
|---|---|---|---|---|
| Valuation Actuary (Life) | $135,000 | $155,000 | $175,000 | $195,000 |
| Product Development Actuary | $140,000 | $160,000 | $180,000 | $200,000 |
| ALM Actuary | $145,000 | $165,000 | $185,000 | $205,000 |
| Pricing Actuary (Life or P&C) | $130,000 | $150,000 | $170,000 | $190,000 |
| Reserving Actuary | $135,000 | $155,000 | $175,000 | $195,000 |
| Predictive Modeler | $120,000 | $140,000 | $160,000 | $180,000 |
| Catastrophe Risk Analyst | $125,000 | $145,000 | $165,000 | $185,000 |
| Model Governance Analyst | $115,000 | $135,000 | $155,000 | $175,000 |
Underwriting (Carriers + Select MGAs)
| Role | 25th %ile | Median | 75th %ile | 90th %ile |
|---|---|---|---|---|
| Life Underwriter | $80,000 | $95,000 | $110,000 | $125,000 |
| Medical Risk Analyst | $85,000 | $100,000 | $115,000 | $130,000 |
| New Business Processor | $55,000 | $65,000 | $75,000 | $85,000 |
| Commercial Underwriter | $85,000 | $100,000 | $115,000 | $130,000 |
| Personal Lines Underwriter | $75,000 | $90,000 | $105,000 | $120,000 |
| E&S Underwriter | $90,000 | $110,000 | $130,000 | $150,000 |
| Underwriting Assistant | $50,000 | $60,000 | $70,000 | $80,000 |
Claims (Life, P&C, Brokers)
| Role | 25th %ile | Median | 75th %ile | 90th %ile |
|---|---|---|---|---|
| Life Claims Examiner | $65,000 | $80,000 | $95,000 | $110,000 |
| Beneficiary Services Rep | $50,000 | $60,000 | $70,000 | $80,000 |
| Field Adjuster (Auto, Property) | $70,000 | $85,000 | $100,000 | $115,000 |
| Litigation Claims Specialist | $85,000 | $100,000 | $115,000 | $130,000 |
| Workers' Comp Adjuster | $75,000 | $90,000 | $105,000 | $120,000 |
| Claims Supervisor / Manager | $90,000 | $110,000 | $130,000 | $150,000 |
| Claims Advocate (Broker) | $65,000 | $80,000 | $95,000 | $110,000 |
| Policyholder Liaison | $60,000 | $70,000 | $80,000 | $90,000 |
Insurance Operations (Carriers + Brokers)
| Role | 25th %ile | Median | 75th %ile | 90th %ile |
|---|---|---|---|---|
| Policy Admin Specialist | $55,000 | $65,000 | $75,000 | $85,000 |
| Licensing & Compliance Coordinator | $60,000 | $70,000 | $80,000 | $90,000 |
| Document Management Clerk | $45,000 | $55,000 | $65,000 | $75,000 |
| Customer Service Rep (CSR) | $45,000 | $55,000 | $65,000 | $75,000 |
| Premium Processing Specialist | $55,000 | $65,000 | $75,000 | $85,000 |
| Insurance Ops Analyst | $70,000 | $85,000 | $100,000 | $115,000 |
| Project Manager (Insurance Ops) | $85,000 | $100,000 | $115,000 | $130,000 |
| Endorsements & Renewals Coordinator | $60,000 | $70,000 | $80,000 | $90,000 |
| Workflow Automation Specialist | $90,000 | $105,000 | $120,000 | $135,000 |
| Client Servicing Associate (Broker) | $50,000 | $60,000 | $70,000 | $80,000 |
| Placement Operations Manager | $75,000 | $90,000 | $105,000 | $120,000 |
Total Compensation & Incentives
- CFO total comp often includes bonuses, LTIPs, stock worth 30–60% of base
- Controllers / Finance Directors may receive performance bonuses (10–20%).
- FP&A, treasury, and senior accountant roles offer modest bonuses (5–15%) and some equity in large carriers/private equity–backed.
Key Insights
- CFO roles are highly variable: public vs private, carrier vs broker, AUM/premium size, and location drive differential.
- Accountants with insurance-specific accounting (NAIC filings, reinsurance, ERP) earn $96K median—20% above general.
- Treasury and FP&A leaders command $140K–$250K depending on scope.
- Bonuses & LTIPs remain essential to attract and retain top financial leaders.
- Roles tied to digital transformation and compliance (SOX, ERP, IFRS-17 readiness) carry significant premium.
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