Data current as of October 2026 · sources: U.S. Bureau of Labor Statistics and O*NET
Average base salary
$89,000 / year
≈ $7,400 per month · $42.79 per hour
Low $69,000Average $89,000High $115,000
Figures reflect WePayFairly survey data aged to 2026 using compounded market movement. Range estimated at −20% / +25% around the aged average. State figures use estimated geographic differentials. Actual pay varies with experience, location, industry, and organization size.
Total cash compensation
Base salary plus target annual bonus. Target bonus opportunity scales with role level, so a higher base carries a higher target percentage.
Long-term incentive is not shown for this role. Equity awards are only disclosed publicly for the named executive officers of public companies, so no market figure exists for most jobs. See executive pay disclosures.
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About this role
Senior Insurance Team is an experienced professional role that works independently on substantial assignments, focused on Insurance in the Finance job family. The title carries Team-level responsibility, indicating a team scope focused on a specific area of work.
The Finance function covers accounting, treasury, tax, planning and analysis, controls, and reporting that keep financial operations sound.
Typical experience: 5 to 8 years at the Senior level, per widely used corporate career-level norms (Radford, Mercer, and SHRM career-level frameworks). Actual expectations vary by function, industry, and company size.
Set technical direction and standards within specialty area
Review peers' work and provide constructive feedback
Represent the team in cross-functional discussions
Drive continuous improvement of team processes
FLSA classification (typical)
Typically Exempt · Professional or Administrative exemption
Individual contributor roles at this level typically qualify for the Professional exemption (requiring advanced knowledge in a field of science or learning) or the Administrative exemption (office work related to management or general business operations with discretion on significant matters). Actual classification depends on the specific job duties, salary basis, and any applicable state or local rules. The current federal salary threshold for exemption is $684 per week ($35,568 per year), per the 2020 Department of Labor rule; the 2024 rule that would have raised the threshold was struck down by federal court in November 2024.
Career ladder and pay outlook
Median base pay at each level of the Insurance ladder. Titles vary by company; levels compare role scope.
Projection assumes market wages keep rising about 3.5% a year, consistent with recent wage growth measured by the BLS Employment Cost Index. It reflects market movement for the title, not individual raises or promotions, which vary.
Get your Personal Pay Report for Senior Insurance Team
Keep your market comparison in a print-ready PDF, with negotiation targets, a script using your numbers, and a five-year market-pay illustration. Career ladder where available.
StateYears of experienceCurrent salary
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Sources and assumptions
Modeled market estimate, aged to 2026. Underlying source families are BLS OEWS May 2025 for BLS-mapped occupations and the 2018–19 collection for corporate titles. Annual aging is compounded at approximately 3–4%; geographic, industry and company-size repricing are modeled. See the role details and methodology for the applicable source and assumptions.
Your free market check includes an estimated percentile and pay gap when you enter your salary. The paid report adds a PDF, negotiation targets and script, and a five-year market-pay illustration. See a full sample report
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