Claims Manager Salary

Just below two-thirds of Claims Managers in the United States are seasoned employees who have more than 10 years of experience in the field. Pay ranges from $42K to $108K per year, and the average comes out to $72K annually. Overall cash earnings for Claims Managers stretch from $42K on the lower end to $108K near the top, and the heftiest packages can encompass around $14K from bonuses and $10K from profit sharing. Compensation for this group is mainly affected by the company, but geography and tenure are influential factors as well. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 58 percent. For the most part, Claims Managers enjoy their work and report high levels of job satisfaction. Most report receiving medical coverage from their employers and a large number collect dental insurance. Participants in PayScale's salary questionnaire provided the particulars of this report.

$44,979 - $102,387
$45K
$72K
$100K
MEDIAN: $72,462
10%
50%
90%

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$12.36 - $36.62
$12
$19
$37
MEDIAN: $18.94
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$50K$100K$150K
Salary
$44,979 - $102,387  
   
Bonus
$197.27 - $13,673  
Profit Sharing
$0.00 - $9,887  
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).
)
$41,576 - $108,230  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 420
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$25$50$75
Hourly Rate
$12.36 - $36.62  
   
Overtime
$15.30 - $60.00  
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$50K$100K$150K
Bonus
$197.27 - $13,673  
   
Profit Sharing
$0.00 - $9,887  
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).
)
$41,576 - $108,230  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 43

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United States (change)

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Job Description for Claims Manager

A claims manager works in the insurance industry to coordinate and expedite the processing of customers' claims. The claims manager usually holds a management position with oversight for claims processes, helping ensure that any instances of misappropriation or fraud do not occur.

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Claims Manager Tasks

  • Manages the claims activity for a business unit.
  • Oversees investigations and consultations with legal counsel.
  • Investigates out of guidelines inquiries, and ensures compliance to procedures, proper services and settlement of claims.
  • Report metrics, and assists senior management in developing and establishing policies and procedures.

Claims Manager, Insurance Job Listings

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Popular Employer Salaries for Claims Manager


Pay by Experience Level for Claims Manager

Pay by Experience for a Claims Manager has a positive trend. An entry-level Claims Manager with less than 5 years of experience can expect to earn an average total compensation of $51,000 based on 121 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Claims Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $64,000 based on 119 salaries. An experienced Claims Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $79,000 based on 182 salaries. A Claims Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $84,000 based on 146 salaries.

Pay Difference by Location

National Average: $71,995

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

For those looking to make money, Claims Managers in Chicago enjoy an exceptional pay rate, 26 percent above the national average. Claims Managers can also look forward to large paychecks in cities like Dallas (+22 percent), Denver (+18 percent), Tampa (+14 percent), and Philadelphia (+13 percent). Location is a huge contributor to overall pay, with Claims Managers in Jacksonville earning a whopping 21 percent below the national average. Employers also pay below the national average in Columbus (19 percent lower) and Phoenix (17 percent lower).

Related Job Salaries

Key Stats for Claims Manager

Gender

Female
58 %
Male
42 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 63 votes.
Less than 1 year
1%
1-4 years
17%
5-9 years
17%
10-19 years
33%
20 years or more
32%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Claims Manager Salaries

▲16%

▲10%

National Average
$72,000

▼11%

▼28%

Skills That Affect Claims Manager Salaries

Litigation Case Management
▲22%




National Average
$72,000


Negotiation
▼9%

Insurance
▼12%

Customer Service
▼20%

Customer Relationship Management (CRM)
▼27%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 63 votes.

Gender

Female
58 %
Male
42 %

Years of Experience

Less than 1 year
1%
1-4 years
17%
5-9 years
17%
10-19 years
33%
20 years or more
32%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 84%
vision benefits
Vision: 73%
no benefits
None: 9%