President Salary at Medical Assurance Company Of Mississippi BETA

How much does a Medical Assurance Company Of Mississippi President make?

As of April 2025, the average annual salary for a President at Medical Assurance Company Of Mississippi is $658,432, which translates to approximately $317 per hour. Salaries for President at Medical Assurance Company Of Mississippi typically range from $503,914 to $829,962, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Medical Assurance Company of Mississippi Overview

Website:
macm.net
Size:
25 - 50 Employees
Revenue:
$5M - $10M
Industry:
Insurance

In 1976, as a result of a medical malpractice crisis that existed in Mississippi, members of the Mississippi State Medical Association joined together to establish Medical Assurance Company of Mississippi. During these difficult times in the medical profession, many physicians could not purchase medical malpractice insurance for any price and chose to join together to create their own professional liability company to serve and support their needs. After 35 years, MACM's purpose remains the same today as it was when the company was founded...to provide quality, affordable coverage to physicians living and practicing in the state of Mississippi. Medical Assurance Company was established by Mississippians to protect and serve only Mississippi physicians. MACM's insureds benefit from physician involvement at every level. The Board of Directors and Committees consist entirely of practicing Mississippi physicians. Important decisions affecting insureds are made by their peers and by people who have vast experience with Mississippi's medical/legal environment. Actuarially sound rates protect the financial integrity of the Company and premium refunds are given to insureds when appropriate. In 2014, MACM's A-(Excellent) rating was upgraded to A (Excellent) by the A.M. Best Company, the premier national rating service for insurance companies. This rating reflects the Company's continued profitability, excellent level of capitalization, conservative loss reserving philosophy, and strong market position within the Mississippi physician marketplace. MACM is not under pressure to maximize profits in order to satisfy stockholders. Long-term stability for the Company is priority one and drives the decision-making process. No company in Mississippi offers greater stability or member services than Medical Assurance Company of Mississippi. With nearly 3,000 policies in force, MACM provides coverage for more Mississippi physicians than all other companies writing in the state combined.

See similar companies related to Medical Assurance Company Of Mississippi

What Skills Does a person Need at Medical Assurance Company Of Mississippi?

At Medical Assurance Company Of Mississippi, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  2. Planning: An act or process of making or carrying out plans. Establishment of goals, policies, and procedures for a social or economic unit city planning business planning.
  3. Initiative: Taking decisive action and initiating plans independently to address problems, improve professional life, and achieve goals.
  4. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  5. Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.

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Check more jobs information at Medical Assurance Company Of Mississippi

Job Title Average Medical Assurance Company Of Mississippi Salary Hourly Rate
2 Director, Marketing $146,285 $70
3 Senior IT Specialist $64,874 $31
4 Underwriting Assistant $40,613 $20
5 Admin $41,546 $20
6 Chief Financial Officer $343,278 $165
7 President & Chief Executive Officer $658,432 $317
8 Receptionist $30,546 $15
9 Senior Underwriter $113,433 $55
10 Staff Accountant $48,530 $23
11 Underwriter $73,602 $35
12 Account Manager $62,963 $30

Hourly Pay at Medical Assurance Company Of Mississippi

The average hourly pay at Medical Assurance Company Of Mississippi for a President is $317 per hour. The location, department, and job description all have an impact on the typical compensation for Medical Assurance Company Of Mississippi positions. The pay range and total remuneration for the job title are shown in the table below. Medical Assurance Company Of Mississippi may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $658,432 look to you?

FAQ about Salary and Jobs at Medical Assurance Company Of Mississippi

1. How much does Medical Assurance Company Of Mississippi pay per hour?
The average hourly pay is $317. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Medical Assurance Company Of Mississippi?
According to the data, the highest approximate salary is about $829,962 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Medical Assurance Company Of Mississippi?
According to the data, the lowest estimated salary is about $503,914 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.