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Claims Manager Salary

With just under two-thirds of Claims Managers in the United States reporting more than 10 years of experience, the field is heavily weighted toward experienced professionals. Average pay for Claims Managers is $71K per year and can range from $41K on the lower end to $105K per year near the higher end. Cash earnings of Claims Managers can occasionally include $12K each in bonuses and profit sharing proceeds; this strong performance component causes pay grades to stretch from approximately $41K to almost $105K. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Most workers in this position report high levels of job satisfaction. Women make up a slight majority of Claims Managers (59 percent) survey respondents. Medical benefits are awarded to a large number, and most earn dental coverage. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$42,995 - $100,565
(Median)
$43K
$71K
$100K
MEDIAN: $70,856
10%
50%
90%

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$10.36 - $32.19
(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
$42,995 - $100,565  
   
Bonus
$0.00 - $11,843  
Profit Sharing
$1,272 - $12,255  
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).
)
$40,622 - $105,234  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 621
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
$10.36 - $32.19  
   
Overtime
$12.82 - $45.53  
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 - $11,843  
   
Profit Sharing
$1,272 - $12,255  
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).
)
$40,622 - $105,234  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 52
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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 Project Management, Operations Management, and Insurance are correlated to pay that is significantly above average, leading to increases of 49 percent, 34 percent, and 32 percent, respectively. Those listing Customer Service and Customer Relationship Management as skills, on the other hand, should be prepared for drastically lower pay. It is not unusual for someone who knows Claim Handling to be familiar with People Management as well.

Pay by Experience Level for Claims Manager

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


For many Claims Managers, more experience generally translates to higher pay. Although individuals who have less than five years' experience earn $49K on average, people with five to 10 years benefit from a notably larger average of $64K. After working for 10 to 20 years, Claims Managers make a median salary of $76K. Claims Managers with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $82K.

Related Job Salaries

United States (change)

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Experience Affects Claims Manager Salaries

Late-Career
up arrow 16%


National Average
$71,000

Mid-Career
up arrow 9%

Entry-Level
up arrow 30%

Skills That Affect Claims Manager Salaries

Project Management
up arrow 49%

Operations Management
up arrow 34%

Insurance
up arrow 32%

Litigation Case Management
up arrow 20%


Negotiation
up arrow 7%

Claim Handling
up arrow 2%

National Average
$71,000

Customer Relationship Management (CRM)
up arrow 25%

Customer Service
up arrow 29%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 147 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
1%
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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