Claims Manager Salary

Claims Managers in the United States tend to be well-versed in their field, and just under two-thirds have more than 10 years of experience. Average salary is expected to be around $71K annually, but may range from $40K to $105K per year. Overall incomes of Claims Managers generally bottom out at around $40K and peak near $105K; the final number can, in exceptional cases, include upwards of $12K each for bonuses and profit sharing proceeds. Location is the biggest factor affecting pay for this group, followed by career duration. Medical benefits are awarded to most, and a large number earn dental coverage. Job satisfaction for Claims Managers is high. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 59 percent. This snapshot results from replies to PayScale's salary survey.

$43,147 - $100,650
(Median)
$43K
$71K
$100K
MEDIAN: $70,678
10%
50%
90%

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$10.26 - $31.81
(Median)
$10
$18
$32
MEDIAN: $17.00
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$50K$100K$150K
Salary
$43,147 - $100,650  
   
Bonus
$0.00 - $11,765  
Profit Sharing
$1,309 - $11,920  
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).
)
$40,259 - $105,167  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 637
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$25$50$75
Hourly Rate
$10.26 - $31.81  
   
Overtime
$13.00 - $45.20  
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$50K$100K$150K
Bonus
$0.00 - $11,765  
   
Profit Sharing
$1,309 - $11,920  
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).
)
$40,259 - $105,167  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 57
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

  • 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.
  • Manages the claims activity for a business unit.
  • Oversees investigations and consultations with legal counsel.

Claims Manager, Insurance Job Listings

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Claims Managers report using a diverse set of skills on the job. Most notably, facility with Insurance, Project Management, and Litigation Case Management are correlated to pay that is significantly above average, leading to increases of 31 percent, 29 percent, and 26 percent, respectively. Customer Service and Customer Relationship Management as skills, however, tend to be associated with significantly smaller paychecks. Experience with Claim Handling is often linked with knowledge of People Management.

Pay by Experience Level for Claims Manager

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


Claims Managers with a rich background of experience are typically rewarded with larger paychecks. Salaries for the relatively untried average out to around $49K, but survey participants with five to 10 years of experience earn a significantly higher median of $64K. Claims Managers who work for 10 to 20 years in their occupation tend to earn about $76K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $82K on average.

Related Job Salaries

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Experience Affects Claims Manager Salaries



National Average
$70,000

Mid-Career
up arrow 9%


Skills That Affect Claims Manager Salaries

Insurance
up arrow 31%

Project Management
up arrow 29%

Litigation Case Management
up arrow 26%


Operations Management
up arrow 8%

Negotiation
up arrow 8%

Claim Handling
up arrow 1%

National Average
$70,000

Customer Relationship Management (CRM)
up arrow 25%

Customer Service
up arrow 29%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 144 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
2%
1-4 years
14%
5-9 years
20%
10-19 years
33%
20 years or more
32%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 80%
vision benefits Vision: 68% employee benefits None: 9%
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