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$36,619

Average Base Salary

$18/hr

Average Hourly Rate

$575

Average Bonus
The average settlement technician salary in Alabama, United States is $36,619 or an hourly rate of $18. This is 10% lower (-$4,281) than the average settlement technician salary in the United States. In addition, they earn an average bonus of $575.
Salary by Experience

$28,819

Entry Level Salary

$51,954

Senior Level Salary
An entry level settlement technician (1-3 years of experience) earns an average salary of $28,819. On the other end, a senior level settlement technician (8+ years of experience) earns an average salary of $51,954.
Job Description
Process new insurance policies, modifications to existing policies, and claims forms. Obtain information from policyholders to verify the accuracy and completeness of information on claims forms, applications and related documents, and company records. Update existing policies and company records to reflect changes requested by policyholders and insurance company representatives. Excludes “Claims Adjusters, Examiners, and Investigators" (13-1031).
Education

The chart below breaks down accounts by the highest level of education obtaned.

About the Data

The above data is a data available in ERI Economic Research Institute's Global Salary Calculator. The Global Salary Calculator provides compensation data for over 45,000 positions in 8,000+ cities in 69 countries. Try a free demo of the cloud-based Global Salary Calculator.

If you need to calculate competitive levels of salaries, incentives and total compensation by industry, organization size and salary planning date, please view a demonstration version of ERI's Salary Assessor, which is used by the majority of the Fortune 500 for salary survey data and compensation planning. Try a free demo of the cloud-based Salary Assessor.

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