A person working as Financial Claims Analyst in Namibia typically earns around 16,100 NAD. Salaries range from 8,210 NAD (lowest) to 24,800 NAD (highest).
This is the average salary including housing, transport, and other benefits. Financial Claims Analyst salaries in Namibia vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Minimum Salary 8,210 NAD |
Median 14,800 NAD |
Maximum 24,800 NAD |
Salaries for the position Financial Claims Analyst in Namibia range from 8,210 NAD (starting salary) to 24,800 NAD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
With a median salary of 14,800 NAD, half of the professionals who work as Financial Claims Analyst in Namibia earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Financial Claims Analyst in Namibia earn less than 12,200 NAD, while 75% earn more. Similarly, the chart shows that 75% earn less than 16,800 NAD while 25% earn more.
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Financial Claims Analyst in Namibia compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 9,440 NAD to 13,000 NAD. About 20% of salaries are below the 9,440 NAD mark, while 10% fall within the range of 13,000 NAD to 14,700 NAD. Only 5% of individuals have salaries exceeding 14,700 NAD.
0 - 2 Years | 9,200 NAD | |
2 - 5 Years | +31% | 12,000 NAD |
5 - 10 Years | +40% | 16,800 NAD |
10 - 15 Years | +20% | 20,200 NAD |
15 - 20 Years | +9% | 22,000 NAD |
20+ Years | +8% | 23,700 NAD |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Financial Claims Analyst and this is what we found.
Employees with less than two years of experience earn approximately 9,200 NAD.
While someone with an experience level between two and five years is expected to earn 12,000 NAD, 31% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 16,800 NAD, 40% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 20,200 NAD, 20% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 22,000 NAD, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 23,700 NAD, 8% more than people with fifteen to twenty years of experience.
High School | 11,000 NAD | |
Certificate or Diploma | +15% | 12,700 NAD |
Bachelor's Degree | +41% | 17,800 NAD |
Master's Degree | +29% | 23,000 NAD |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Financial Claims Analyst in order to make a comparison.
Employees at this education level have an average salary of 11,000 NAD.
At this level, the average salary becomes 12,700 NAD, 15% more than the previous level.
At this level, the average salary becomes 17,800 NAD, 41% more than the previous level.
At this level, the average salary becomes 23,000 NAD, 29% more than the previous level.
A Master's degree program or any post-graduate program in Namibia costs anywhere from 87,600 NAD to 263,000 NAD and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Financial Claims Analyst in Namibia, the average difference between the salary of male and female employees is 10%.
Male | 16,900 NAD | |
Female | -9% | 15,300 NAD |
Individuals working as Financial Claims Analyst in Namibia are likely to observe a salary increase of approximately 7% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
39% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 61% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.
Received Bonus | 61% | |
No Bonus | 39% |
The most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
The main two types of jobs | |
Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
The minimum pay rate per hour for people working as Financial Claims Analyst in Namibia is 47 NAD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Job Title | Average Salary |
Accounting and Finance | -100% | |
Account Examiner | 9,260 NAD | -42% |
Account Executive | 16,100 NAD | +0% |
Accountant | 11,400 NAD | -29% |
Accounting Analyst | 15,000 NAD | -7% |
Accounting Assistant | 9,370 NAD | -42% |
Accounting Associate | 9,050 NAD | -44% |
Accounting Clerk | 7,410 NAD | -54% |
Accounting Coordinator | 11,100 NAD | -31% |
Accounting Head | 25,500 NAD | +58% |
Accounting Manager | 26,000 NAD | +62% |
Accounting Officer | 9,480 NAD | -41% |
Accounting Specialist | 16,500 NAD | +3% |
Accounting Supervisor | 17,300 NAD | +8% |
Accounting Technician | 8,610 NAD | -46% |
Accounting Unit Controller | 21,400 NAD | +33% |
Accounts Executive | 15,100 NAD | -6% |
Accounts Officer | 10,000 NAD | -38% |
Accounts Payable and Receivable Specialist | 12,200 NAD | -24% |
Accounts Payable Assistant | 9,480 NAD | -41% |
Accounts Payable Associate | 10,900 NAD | -32% |
Accounts Payable Clerk | 9,530 NAD | -41% |
Accounts Payable Manager | 24,100 NAD | +50% |
Accounts Receivable Administrator | 18,300 NAD | +14% |
Accounts Receivable Clerk | 9,510 NAD | -41% |
Accounts Receivable Financial Analyst | 17,100 NAD | +6% |
Accounts Receivable Manager | 23,700 NAD | +47% |
Accounts Receivable Team Leader | 17,900 NAD | +11% |
Algorithmic Trading Specialist | 21,100 NAD | +31% |
Assistant Accountant | 9,800 NAD | -39% |
Assistant Accounting Manager | 23,100 NAD | +44% |
Assistant Auditor | 12,100 NAD | -25% |
Assistant Corporate Controller | 16,300 NAD | +1% |
Assistant Finance Manager | 24,900 NAD | +55% |
Assistant Financial Controller | 17,200 NAD | +7% |
Audit Director | 29,200 NAD | +81% |
Audit Supervisor | 23,200 NAD | +44% |
Auditing Clerk | 10,000 NAD | -38% |
Auditing Manager | 26,400 NAD | +64% |
Billing Clerk | 9,550 NAD | -41% |
Billing Coordinator | 10,800 NAD | -33% |
Billing Specialist | 12,500 NAD | -22% |
Billing Supervisor | 18,400 NAD | +14% |
Bookkeeper | 8,310 NAD | -48% |
Bookkeeping Specialist | 11,700 NAD | -27% |
Budget Analyst | 20,600 NAD | +28% |
Budget Manager | 26,000 NAD | +62% |
Business Support Analyst | 13,700 NAD | -15% |
Capital Markets Associate | 18,200 NAD | +13% |
Cash Flow Analyst | 18,100 NAD | +12% |
Cash Management Manager | 24,800 NAD | +54% |
Cash Management Officer | 13,700 NAD | -15% |
Cashbook Clerk | 8,430 NAD | -48% |
Chartered Accountant | 16,000 NAD | -1% |
Chief Accountant | 18,800 NAD | +17% |
Chief Financial Technology Officer | 24,400 NAD | +52% |
Collections Clerk | 7,220 NAD | -55% |
Collections Representative | 10,500 NAD | -35% |
Collections Specialist | 12,100 NAD | -25% |
Corporate Controller | 18,800 NAD | +17% |
Corporate Treasurer | 22,700 NAD | +41% |
Cost Accountant | 12,500 NAD | -22% |
Cost Accounting Manager | 24,800 NAD | +54% |
Cost Accounting Supervisor | 20,600 NAD | +28% |
Cost Analyst | 18,900 NAD | +17% |
Credit and Collection Manager | 25,200 NAD | +57% |
Credit and Collection Staff | 9,790 NAD | -39% |
Credit and Loans Officer | 9,000 NAD | -44% |
Credit Controller | 17,500 NAD | +9% |
Credit Manager | 24,600 NAD | +53% |
Debt Adviser | 21,200 NAD | +32% |
Debt Collector | 9,810 NAD | -39% |
Debtors Clerk | 8,790 NAD | -45% |
Debtors Controller | 9,480 NAD | -41% |
Deputy CFO | 34,500 NAD | +110% |
Deputy Head of Finance | 34,400 NAD | +110% |
Derivative Trader | 21,500 NAD | +34% |
Director of Finance | 37,800 NAD | +130% |
E-commerce Accountant | 12,400 NAD | -23% |
Economist | 28,300 NAD | +76% |
Equity Analyst | 22,400 NAD | +39% |
Escrow Assistant | 11,100 NAD | -31% |
Executive Accountant | 13,700 NAD | -15% |
External Auditor | 16,900 NAD | +5% |
Finance Administrator | 14,200 NAD | -12% |
Finance Analyst | 22,900 NAD | +42% |
Finance Associate | 11,100 NAD | -31% |
Finance Data Analyst | 19,700 NAD | +22% |
Finance Director | 35,800 NAD | +120% |
Finance Executive | 25,600 NAD | +59% |
Finance Licensing Clerk | 8,910 NAD | -45% |
Finance Licensing Manager | 22,400 NAD | +39% |
Finance Licensing Specialist | 13,300 NAD | -17% |
Finance Manager | 35,700 NAD | +120% |
Finance Officer | 11,200 NAD | -30% |
Finance President | 37,100 NAD | +130% |
Finance Relationship Manager | 28,900 NAD | +80% |
Finance Release Analyst | 14,500 NAD | -10% |
Finance Specialist | 20,100 NAD | +25% |
Finance Team Leader | 27,800 NAD | +73% |
Financial Accountant | 12,700 NAD | -21% |
Financial Actuary | 18,400 NAD | +14% |
Financial Administrator | 20,900 NAD | +30% |
Financial Advisor | 23,100 NAD | +44% |
Financial Analyst | 21,800 NAD | +35% |
Financial Applications Specialist | 15,200 NAD | -6% |
Financial Assistant | 10,300 NAD | -36% |
Financial Associate | 9,410 NAD | -42% |
Financial Claims Analyst | 16,100 NAD | +0% |
Financial Claims Manager | 22,400 NAD | +39% |
Financial Claims Supervisor | 19,700 NAD | +22% |
Financial Clerk | 8,920 NAD | -45% |
Financial Commercial Analyst | 16,800 NAD | +4% |
Financial Compliance Analyst | 20,500 NAD | +27% |
Financial Compliance Officer | 20,200 NAD | +26% |
Financial Consultant | 16,800 NAD | +4% |
Financial Controller | 19,500 NAD | +21% |
Financial Coordinator | 11,800 NAD | -27% |
Financial Customer Service Manager | 22,700 NAD | +41% |
Financial Data Scientist | 22,600 NAD | +40% |
Financial Dealer and Broker | 13,800 NAD | -14% |
Financial Director | 35,400 NAD | +120% |
Financial Encoder | 10,800 NAD | -33% |
Financial Manager | 32,600 NAD | +100% |
Financial Modelling Analyst | 22,900 NAD | +42% |
Financial Operations Manager | 30,600 NAD | +90% |
Financial Policy Analyst | 18,000 NAD | +12% |
Financial Project Manager | 25,700 NAD | +60% |
Financial Quantitative Analyst | 21,100 NAD | +31% |
Financial Reporting Consultant | 17,200 NAD | +7% |
Financial Reporting Manager | 22,200 NAD | +38% |
Financial Section Head | 23,100 NAD | +44% |
Financial Services Manager | 32,500 NAD | +100% |
Financial Services Sales Agent | 13,500 NAD | -16% |
Financial Technology Consultant | 19,100 NAD | +19% |
Financial Wellness Coach | 26,100 NAD | +62% |
FinTech Analyst | 20,800 NAD | +29% |
Fixed Assets Administrator | 12,500 NAD | -22% |
Forensic Accountant | 14,600 NAD | -9% |
Fraud Detection Supervisor | 14,500 NAD | -10% |
Fraud Prevention Manager | 25,300 NAD | +57% |
Fund Accountant | 11,300 NAD | -30% |
Grants Coordinator | 9,310 NAD | -42% |
Green Finance Analyst | 18,400 NAD | +14% |
Group Financial Manager | 33,900 NAD | +110% |
Internal Auditor | 16,900 NAD | +5% |
Internal Control Adviser | 18,600 NAD | +16% |
Internal Control Officer | 10,800 NAD | -33% |
International Tax Director | 29,900 NAD | +86% |
Inventory Accountant | 12,200 NAD | -24% |
Investment Advisor | 33,100 NAD | +110% |
Investment Analyst | 23,200 NAD | +44% |
Investment Associate | 20,200 NAD | +26% |
Investment Broker | 20,700 NAD | +29% |
Investment Fund Manager | 28,200 NAD | +75% |
Investment Operations Manager | 26,200 NAD | +63% |
Investment Underwriter | 10,200 NAD | -37% |
Investor | 15,100 NAD | -6% |
Investor Relations Manager | 24,700 NAD | +54% |
KYC Team Leader | 23,700 NAD | +47% |
Loan Processor | 9,830 NAD | -39% |
Management Accountant | 13,700 NAD | -15% |
Management Economist | 28,600 NAD | +78% |
Paymaster | 9,400 NAD | -42% |
Payroll Administrator | 15,400 NAD | -4% |
Payroll Benefits Coordinator | 13,500 NAD | -16% |
Payroll Billing Manager | 23,400 NAD | +45% |
Payroll Clerk | 10,700 NAD | -33% |
Payroll Manager | 21,300 NAD | +32% |
Payroll Officer | 10,600 NAD | -34% |
Payroll Specialist | 13,300 NAD | -17% |
Payroll Supervisor | 15,600 NAD | -3% |
Pensions Administrator | 13,000 NAD | -19% |
Personal Financial Advisor | 17,600 NAD | +9% |
Pricing Analyst | 19,300 NAD | +20% |
Private Equity Analyst | 21,900 NAD | +36% |
Project Accountant | 13,000 NAD | -19% |
Proposal Development Coordinator | 10,900 NAD | -32% |
Quantitative Trader | 18,300 NAD | +14% |
Receivables Accountant | 11,400 NAD | -29% |
Regulatory Accountant | 13,200 NAD | -18% |
Retirement Plan Analyst | 18,800 NAD | +17% |
Revenue Management Specialist | 20,600 NAD | +28% |
Revenue Recognition Analyst | 23,000 NAD | +43% |
Risk Management Director | 29,300 NAD | +82% |
Risk Management Supervisor | 25,300 NAD | +57% |
Staff Accountant | 11,500 NAD | -29% |
Tax Accountant | 11,400 NAD | -29% |
Tax Administrator | 12,900 NAD | -20% |
Tax Advisor | 19,200 NAD | +19% |
Tax Analyst | 18,200 NAD | +13% |
Tax Associate | 10,700 NAD | -33% |
Tax Consultant | 20,000 NAD | +24% |
Tax Director | 27,600 NAD | +72% |
Tax Examiner | 12,400 NAD | -23% |
Tax Manager | 24,800 NAD | +54% |
Tax Research Manager | 26,100 NAD | +62% |
Teller | 7,230 NAD | -55% |
Treasury Accountant | 12,800 NAD | -20% |
Treasury Analyst | 20,200 NAD | +26% |
Underwriter | 8,750 NAD | -46% |
Underwriting Assistant | 7,810 NAD | -51% |
Vice President of Finance | 32,400 NAD | +100% |
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Namibia is 7% on average across all career fields.
Private Sector | 16,800 NAD | |
Public Sector | +7% | 18,000 NAD |
A good and competitive compensation would range anywhere between 14,800 NAD and 16,800 NAD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
The base salary for a careers like Financial Claims Analyst in Namibia ranges from 8,210 NAD to 12,200 NAD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary