Claims Manager Salary

Claims Managers in the United States are often veterans in their line of work, with just under two-thirds bringing more than 10 years of experience to the table. Salaries slide in at $72K annually on average but can range from $43K to $108K per year. Total cash compensation to Claims Managers bottoms out near $43K and approaches $108K on the high end; the biggest paychecks include approximately $13K from bonuses and almost $10K from profit sharing. The most influential factor affecting pay for this group is the particular firm, though geography and experience level have a (lesser) impact as well. Most enjoy medical while a large number get dental coverage. Vision coverage is also available to a strong majority. The majority of Claims Managers (61 percent) who took the survey are female. For the most part, Claims Managers enjoy their work and report high levels of job satisfaction. The information for this snapshot was generated by responses to the PayScale salary survey.

$46,414 - $105,010
$46K
$74K
$110K
MEDIAN: $73,944
10%
50%
90%

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$14.80 - $37.59
$15
$20
$38
MEDIAN: $20.39
10%
50%
90%

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$0$109K
Salary $46,414 - $105,010
Bonus $491.94 - $12,170
Profit Sharing $0.00 - $9,919
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).
)
$43,788 - $109,973
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 410
Hourly Data $0$60
Hourly Rate $14.80 - $37.59
Overtime $22.33 - $60.00
Annual Data $0$109K
Bonus $491.94 - $12,170
Profit Sharing $0.00 - $9,919
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).
)
$43,788 - $109,973
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 37

Find Out Exactly What You Should Be Paid

United States (change)

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 Job Listings

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: $74,679

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

With a pay rate for Claims Managers that is 26 percent greater than the national average, Chicago offers a comfortable salary for those in this profession. 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). Place of residence plays a huge part in a Claims Manager's salary, with Jacksonville Claims Managers earning salaries that are 21 percent less than the national average. Employers in Columbus and Phoenix also lean toward paying below-median salaries (19 percent lower and 17 percent lower, respectively).

Related Job Salaries

Key Stats for Claims Manager

Gender

Female
61 %
Male
39 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 72 votes.
Less than 1 year
1%
1-4 years
18%
5-9 years
16%
10-19 years
35%
20 years or more
30%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Claims Manager Salaries

▲12%

▲6%

National Average
$75,000

▼15%

▼31%

Skills That Affect Claims Manager Salaries

Litigation Case Management
▲17%




National Average
$75,000


Negotiation
▼12%

Insurance
▼15%

Customer Service
▼23%

Customer Relationship Management (CRM)
▼29%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 72 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
1%
1-4 years
18%
5-9 years
16%
10-19 years
35%
20 years or more
30%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 83%
vision benefits
Vision: 74%
no benefits
None: 9%
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