Account Manager, Commercial Lines Salary

The median salary for Commercial Lines Account Managers in the United States is $50K annually, and compared to other cities, New York offers the biggest paychecks at around $66K on average. Commercial Lines Account Managers can also look forward to large paychecks in cities like Boston (+22 percent), Houston (+20 percent), Los Angeles (+19 percent), and Sacramento (+16 percent). The figures in this rundown are based on the results of PayScale's salary questionnaire.
Read More
$35,354 - $67,949
$35K
$50K
$68K
MEDIAN: $49,979
10%
50%
90%

Add this chart to your site: 640px    300px

$14.84 - $26.78
$15
$20
$27
MEDIAN: $19.76
10%
50%
90%

Add this chart to your site: 640px    300px

$0$68K
Salary $35,354 - $67,949
Bonus $450 - $5,178
Profit Sharing $608 - $3,411
Commission $0.00 - $12,570
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).
)
$34,453 - $68,940
  • Country: United States
  • Currency: USD
  • Updated: 19 Nov 2017
  • Individuals Reporting: 787
Hourly Data $0$46
Hourly Rate $14.84 - $26.78
Overtime $22.11 - $46.50
Annual Data $0$68K
Bonus $450 - $5,178
Commission $0.00 - $12,570
Profit Sharing $608 - $3,411
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).
)
$34,453 - $68,940
  • Country: United States
  • Currency: USD
  • Updated: 19 Nov 2017
  • Individuals Reporting: 163

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...

Account Manager, Commercial Lines Tasks

  • Develop new business sales leads.
  • Process sales orders and provide service to customer accounts.
  • Manage sales and customer service of existing accounts.

Common Career Paths for Account Manager, Commercial Lines


Add this chart to your site:   640px 640px    300px 300px


Commercial Lines Account Managers often transition into Manager of Commercial Lines Insurance positions, for which compensation tends to be much higher. On average, Managers of Commercial Lines Insurance earn $62K per year. It is not uncommon for a Commercial Lines Account Manager to continue on to become an Insurance Account Manager or a Commercial Account Manager.

Account Manager, Commercial Lines Job Listings

Popular Employer Salaries for Account Manager, Commercial Lines


With a median salary of only $42K, Hub International, Inc. pays the least. It seems that the compensation range of $32K to $64K isn't that wide, either.

Popular Skills for Account Manager, Commercial Lines


Commercial Lines Account Managers report using a wide range of professional skills. Most notably, skills in Commercial insurance, Customer Relationship Management, Risk Management / Risk Control, and Account Management are correlated to pay that is above average, with boosts between 8 percent and 12 percent. At the other end of the pay range are skills like Sales and Customer Service. Those educated in Account Management tend to be well versed in Customer Service.

Pay by Experience Level for Account Manager, Commercial Lines

Pay by Experience for an Account Manager, Commercial Lines has a positive trend. An entry-level Account Manager, Commercial Lines with less than 5 years of experience can expect to earn an average total compensation of $42,000 based on 304 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Account Manager, Commercial Lines with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $48,000 based on 237 salaries. An experienced Account Manager, Commercial Lines which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $52,000 based on 368 salaries. An Account Manager, Commercial Lines with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $54,000 based on 221 salaries.

Pay Difference by Location

National Average: $49,339

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

Account Manager, Commercial Lines Reviews

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

Account Manager, Commercial Lines in Miami:
"Promotion."
Pros: Diversity of culture.
Cons: Traffic/ cost of living.

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.

Related Job Salaries

Key Stats for Account Manager, Commercial Lines

Gender

Female
90 %
Male
10 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 163 votes.
Less than 1 year
1%
1-4 years
25%
5-9 years
18%
10-19 years
31%
20 years or more
24%

Experience Affects Account Manager, Commercial Lines Salaries

▲10%

▲5%

National Average
$49,000

▼2%

▼16%

Skills That Affect Account Manager, Commercial Lines Salaries

Commercial insurance
▲12%

Risk Management / Risk Control
▲7%

Customer Relationship Management (CRM)
▲7%

National Average
$49,000

Account Management
▼1%

Customer Relations
▼2%

▼3%


Sales
▼7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 163 votes.

Gender

Female
90 %
Male
10 %

Years of Experience

Less than 1 year
1%
1-4 years
25%
5-9 years
18%
10-19 years
31%
20 years or more
24%

Common Health Benefits

medical benefits
Medical: 77%
dental benefits
Dental: 58%
vision benefits
Vision: 50%
no benefits
None: 20%