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 $47K per year, but may range from $34K to $67K per year. Final incomes of Commercial Lines Account Managers generally vary between $34K and $67K; more lucrative packages include potential for bonuses, profit sharing, and commissions — occasionally as high as $5K each for the first two and $13K for the last. Geography and career length each impact pay for this group, with the former having the largest influence. Unfortunately, some people in this line of work are without benefits — nearly one in five lack coverage. On the flip side, a fair number have medical insurance and slightly more than half receive dental plans. Work is enjoyable for Commercial Lines Account Managers, who typically claim high levels of job satisfaction. Female Commercial Lines Account Managers far outnumber their male contemporaries among survey respondents. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$34,371 - $65,891
(Median)
$34K
$47K
$66K
MEDIAN: $46,874
10%
50%
90%

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$13.40 - $25.52
(Median)
$13
$19
$26
MEDIAN: $19.00
10%
50%
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
$34,371 - $65,891  
   
Bonus
$0.00 - $5,212  
Profit Sharing
$250.00 - $5,000  
Commission
$0.00 - $13,000  
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).
)
$34,047 - $66,903  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 1,006
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$13$26$39
Hourly Rate
$13.40 - $25.52  
   
Overtime
$11.93 - $36.40  
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$26K$52K$78K
Bonus
$0.00 - $5,212  
   
Commission
$0.00 - $13,000  
Profit Sharing
$250.00 - $5,000  
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).
)
$34,047 - $66,903  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 156
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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 note just a narrow range of job skills. 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. For most people, competency in Customer Service indicates knowledge of Account Management.

Pay by Experience Level for Account Manager, Commercial Lines

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


Commercial Lines Account Managers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. 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 $45K. Commercial Lines Account Managers who work for 10 to 20 years in their occupation tend to earn about $49K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $52K.

Pay Difference by Location


With a pay rate for Commercial Lines Account Managers that is 48 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Commercial Lines Account Managers will also find cushy salaries in New York (+41 percent), Denver (+24 percent), Los Angeles (+23 percent), and Irvine (+17 percent). In Grand Rapids, salaries are 12 percent below the national average and represent the lowest-paying market. Two other places where employers offer below-median salaries are Miami (11 percent less) and Austin (8 percent less).

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Experience Affects Account Manager, Commercial Lines Salaries



National Average
$47,000



Skills That Affect Account Manager, Commercial Lines Salaries

National Average
$47,000

Account Management
up arrow 1%

Insurance
up arrow 2%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 211 votes.

Gender

Female
90 %
Male
10 %

Years of Experience

Less than 1 year
1%
1-4 years
18%
5-9 years
23%
10-19 years
30%
20 years or more
29%

Common Health Benefits

medical benefits Medical: 76% dental benefits Dental: 55%
vision benefits Vision: 38% employee benefits None: 21%
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