Account Manager, Commercial Lines Salary
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.Read More...
Regular meetings with other departments such as sales, leadership, management, information technology, and other accounting branches is needed, as is the ability to translate technical accounting/billing language into layman's terms, easily communicable to other branches and industries. A person in this profession must maintain contact with leadership and other managers, maintaining personal as well as company goals and deadlines. Familiarity with insurance systems and databases a plus, as well as certification and licensing protocol and procedures.
Account Manager, Commercial Lines Tasks
- Develop new business sales leads.
- Process sales orders and provide service to customer accounts.
- Manage sales and customer service of existing accounts.
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Popular Employer Salaries for Account Manager, Commercial Lines
Popular Skills for Account Manager, Commercial Lines
Survey results imply that Commercial Lines Account Managers put a diverse skill set to use. Most notably, skills in Customer Relationship Management, Account Management, Insurance, and Sales are correlated to pay that is above average. Skills that seem to negatively impact pay include Customer Service. Most people experienced in Account Management also know Customer Service.
Pay by Experience Level for Account Manager, Commercial Lines
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience does not seem to be a strong driver of pay increase in this role. The average worker who claims fewer than five years of experience earns around $41K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $47K. The average pay reported by folks with 10 to 20 years of experience is around $51K. Commercial Lines Account Managers who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $54K on average.