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
- 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 Employer Salaries for Account Manager, Commercial Lines
Hub International, Inc. reports the lowest median salary in the area (it's only $43K) but some workers make up to $64K, indicating a rather large gap in employee earnings.
Popular Skills for Account Manager, Commercial Lines
Commercial Lines Account Managers report using a wide range of professional skills. Most notably, skills in Customer Relationship Management, Account Management, Insurance, and Customer Relations are correlated to pay that is above average. At the other end of the pay range are skills like Customer Service and Sales. 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.
Commercial Lines Account Managers with a lot of experience do not necessarily enjoy more money. Salaries of relatively inexperienced workers fall in the neighborhood of $42K, but folks who have racked up five to 10 years see a notably higher median of $48K. Commercial Lines Account Managers claiming one to two decades of experience make an estimated median of $52K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $54K.
Pay Difference by Location
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