Account Manager, Commercial Lines Salary

Commercial Lines Account Managers in the United States with more than 10 years of experience in their profession represent three-fifths of Commercial Lines Account Managers. Salaries average out to around $47K annually and spread from $35K to $67K per year. Total cash compensation to Commercial Lines Account Managers ranges from $35K on the lower end to $67K on the higher end; the final number includes potential for approximately $5K each from bonuses and profit sharing in exceptional cases. Residence is the biggest factor affecting pay for this group, followed by experience level. Job satisfaction is reported as high by the vast majority of workers. Just over one in five of professionals in this line of work do not receive benefits; however, a strong majority report medical coverage and a little over a half claim dental coverage as well. Respondents to the PayScale salary survey provided the data for this report.
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$34,995 - $66,376
(Median)
$35K
$47K
$66K
MEDIAN: $47,281
10%
50%
90%

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$13.61 - $25.81
(Median)
$14
$20
$26
MEDIAN: $19.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$23K$46K$69K
Salary
$34,995 - $66,376  
   
Bonus
$0.00 - $5,105  
Profit Sharing
$360.65 - $4,955  
Commission
$0.00 - $10,332  
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).
)
$34,503 - $67,063  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,057
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$13$26$39
Hourly Rate
$13.61 - $25.81  
   
Overtime
$-0.49 - $36.03  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$26K$52K$78K
Bonus
$0.00 - $5,105  
   
Commission
$0.00 - $10,332  
Profit Sharing
$360.65 - $4,955  
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).
)
$34,503 - $67,063  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 186
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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 typically list a handful of skills 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 Sales, Customer Service, and Customer Relations. Most people familiar with Customer Service also know 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 do not generally earn higher incomes from more experience in the field. The average beginner in this position makes around $40K, but folks who have been around for five to 10 years see a markedly higher median salary of $45K. Commercial Lines Account Managers claiming one to two decades of experience make an estimated median of $49K. Commercial Lines Account Managers who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $53K.

Pay Difference by Location

National Average: $47,164

Larger city markers indicate a job is popular in that location.

Boston is home to an above-average pay rate for Commercial Lines Account Managers, 43 percent higher than the national average. Commercial Lines Account Managers can also look forward to large paychecks in cities like New York (+41 percent), Seattle (+22 percent), Los Angeles (+21 percent), and Houston (+20 percent). Falling short of the national average by 14 percent, the area with the worst salaries is Miami.

Account Manager, Commercial Lines Reviews

What is it like working as an Account Manager, Commercial Lines?

Account Manager, Commercial Lines in Phoenix:
"Commercial Insurance Account Management/Servicing."
Pros: I enjoy learning about the intricacies of different types of business, and of the potential risks they all face as a result of their operations. I enjoy helping people find the best solution to their insurance problems, and assisting them with any needs they may have.
Cons: Many people do not understand their coverages, and would rather argue when it seems too expensive, than weigh the pros and cons. It can be emotionally draining when it becomes a constant uphill battle.

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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 3%

Customer Service
up arrow 4%

Sales
up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 213 votes.

Gender

Female
91 %
Male
9 %

Years of Experience

Less than 1 year
1%
1-4 years
18%
5-9 years
21%
10-19 years
32%
20 years or more
28%

Common Health Benefits

medical benefits
Medical: 74%
dental benefits
Dental: 54%
medical benefits
Vision: 38%
dental benefits
None: 23%
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