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Account Manager, Commercial Lines Salary

Commercial Lines Account Managers in the United States tend to be well-versed in their field, and just below three-fifths have more than 10 years of experience. Average salary is expected to be around $46K annually, but may range from $34K to $67K per year. Individual bonuses, profit sharing and commission for Commercial Lines Account Managers — as high as $5K, $5K and $13K, respectively — each contribute to the degree of variation within overall compensation, ranging from $34K to $67K. Location is the biggest factor affecting pay for this group, followed by tenure. Among survey respondents, women are more common than men; 88 percent of Commercial Lines Account Managers are female. Health benefits are not enjoyed by everyone in this line of work, and roughly a fifth lack any coverage at all. Medical benefits are reported by a strong majority and dental coverage is claimed by a majority. Work is enjoyable for Commercial Lines Account Managers, who typically claim high levels of job satisfaction. This report is based on responses to the PayScale salary survey.
$34,451 - $65,609
(Median)
34K
46K
56K
66K
MEDIAN: $46,398
10%
50%
75%
90%

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$13.31 - $26.23
(Median)
13
16
19
22
26
MEDIAN: $19.00
10%
25%
50%
75%
90%

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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$23K$46K$69K
Salary
$34,451 - $65,609  
   
Bonus
$0.00 - $5,497  
Profit Sharing
$347.65 - $4,894  
Commission
$0.00 - $13,226  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$33,970 - $66,654  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 978
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$14$28$42
Hourly Rate
$13.31 - $26.23  
   
Overtime
$0.00 - $40.19  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$28K$56K$84K
Bonus
$0.00 - $5,497  
   
Commission
$0.00 - $13,226  
Profit Sharing
$347.65 - $4,894  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$33,970 - $66,654  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 164
United States (change)

Job Description for Account Manager, Commercial Lines

An account manager for commercial lines performs tasks such as reviewing, maintaining, and creating client databases. This may include auditing, billing, and reviewing and updating shipping and sales policies with clients. A commercial lines account manager must stay up to date on systems technology, billing software, and company policy at all times. This is also a position that requires substantive interpersonal skills; an account manager must spend a regular portion of each month with clients (whether nationally or internationally) building rapport while representing the company. Account managers for commercial lines typically must have at least a high school diploma or equivalent, with added insurance experience a plus. Proficiency with Microsoft Office is required. People skills - including the ability to successfully negotiate contracts and develop clientele base - is an absolute necessity.

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Account Manager, Commercial Lines Tasks

  • Manage sales and customer service of existing accounts.
  • Process sales orders and provide service to customer accounts.
  • Develop new business sales leads.

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Popular Skills for Account Manager, Commercial Lines


Commercial Lines Account Managers who responded to the survey indicated only a few skills that they use on the job. Most notably, skills in Account Management, Insurance, Customer Relations, and Customer Service are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Customer Service and Customer Relations. Those proficient in Customer Service are, more often than not, also skilled in Account Management.

Pay by Experience Level for Account Manager, Commercial Lines

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience and pay tend to be weakly linked for Commercial Lines Account Managers — those with more experience do not necessarily bring in higher earnings. Relatively untried employees who have less than five years' experience make $41K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $46K. For Commercial Lines Account Managers, 10 to 20 years of experience on the job amounts to an average salary of $49K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $51K on average.

Pay Difference by Location


Home to some of the best pay for Commercial Lines Account Managers, Boston offers exceptional salaries, 31 percent above the national average. Commercial Lines Account Managers can also look forward to large paychecks in cities like Denver (+26 percent), Los Angeles (+11 percent), Houston (+7 percent), and Atlanta (+7 percent). The smallest paychecks in the market, 12 percent south of the national average, can be found in Las Vegas. Employers in Austin and Baltimore also lean toward paying below-median salaries (8 percent lower and 7 percent lower, respectively).

Related Job Salaries

Experience Affects Account Manager, Commercial Lines Salaries



National Average
$47,000



Skills That Affect Account Manager, Commercial Lines Salaries

Account Management
0%

National Average
$47,000

Insurance
up arrow 2%

Customer Relations
up arrow 4%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 226 votes.

Gender

Female
88 %
Male
12 %

Years of Experience

Less than 1 year
1%
1-4 years
18%
5-9 years
24%
10-19 years
30%
20 years or more
27%

Common Health Benefits

medical benefits Medical: 77% dental benefits Dental: 56%
vision benefits Vision: 38% employee benefits None: 21%