Senior Vice President, & General Counsel Salary at Njm Insurance Group BETA

How much does a Njm Insurance Group Senior Vice President, & General Counsel make?

As of April 2025, the average annual salary for a Senior Vice President, & General Counsel at Njm Insurance Group is $464,529, which translates to approximately $223 per hour. Salaries for Senior Vice President, & General Counsel at Njm Insurance Group typically range from $395,507 to $542,280, 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.

NJM Insurance Group Overview

Website:
njm.com
Size:
1,000 - 3,000 Employees
Revenue:
$3B - $5B
Industry:
Insurance

New Jersey Manufacturers (NJM) Insurance Company offers personal auto, commercial auto, workers' compensation, homeowners, condo, renters, and umbrella insurance. The company was founded in 1913 and is headquartered in the West Trenton section of Ewing Township, Mercer County, New Jersey.

See similar companies related to Njm Insurance Group

What Skills Does a person Need at Njm Insurance Group?

At Njm Insurance Group, 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. Legal Advice: Giving a professional or formal opinion regarding the substance or procedure of the law about a particular factual situation.
  3. Intellectual property: Intellectual property refers to creations of the mind. It can be an invention (patent / utility model), a design (industrial design), a brand name (trademark, or a literary and artistic work (copyright).
  4. Corporate Governance: Implementing rules, practices, and processes to effectively direct and manage a company to meet its missions and goals.
  5. Risk Management: Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.

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Check more jobs information at Njm Insurance Group

Job Title Average Njm Insurance Group Salary Hourly Rate
2 Workers' Compensation Claims Representative $56,776 $27
3 Property Claim Representative $66,091 $32
4 Property Claims Adjuster $85,547 $41
5 Recovery Specialist $51,658 $25
6 Safety Security Coordinator $70,982 $34
7 Sales & Marketing Specialist $93,910 $45
8 Senior Appraiser $108,957 $52
9 Senior Auditor $117,390 $56
10 Senior Claims Specialist $48,344 $23
11 Senior Internal Auditor $94,528 $45
12 Senior Software Engineer $148,986 $72
13 Senior Special Investigator $80,894 $39

Hourly Pay at Njm Insurance Group

The average hourly pay at Njm Insurance Group for a Senior Vice President, & General Counsel is $223 per hour. The location, department, and job description all have an impact on the typical compensation for Njm Insurance Group positions. The pay range and total remuneration for the job title are shown in the table below. Njm Insurance Group may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $464,529 look to you?

FAQ about Salary and Jobs at Njm Insurance Group

1. How much does Njm Insurance Group pay per hour?
The average hourly pay is $223. 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 Njm Insurance Group?
According to the data, the highest approximate salary is about $542,280 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 Njm Insurance Group?
According to the data, the lowest estimated salary is about $395,507 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.