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The differences between commercial lines account managers and commercial account managers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a commercial account manager has an average salary of $59,175, which is higher than the $57,372 average annual salary of a commercial lines account manager.
The top three skills for a commercial lines account manager include customer service, management system and cancellations. The most important skills for a commercial account manager are customer service, CRM, and account management.
| Commercial Lines Account Manager | Commercial Account Manager | |
| Yearly salary | $57,372 | $59,175 |
| Hourly rate | $27.58 | $28.45 |
| Growth rate | 6% | 5% |
| Number of jobs | 84,354 | 166,435 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 65% |
| Average age | 46 | 46 |
| Years of experience | - | 8 |
A commercial lines account manager is an individual who provides quality service to clients as well as act as the daily liaison between insurance company, agent, and their clients. Commercial lines account managers are required to address various coverage issues and handle inside service work that is associated with the client's account. They must assist their clients in making appropriate coverage changes and educate them about coverage, exclusions, and exposures. Commercial lines account managers must also set up finance contracts with PFS and help negotiate rates if applicable.
A commercial account manager's role is to offer products and services to businesses and firms, building positive relationships to establish a strong client base. Their responsibilities often revolve around performing research and market analysis to find sales opportunities, devising strategies to identify client needs, and maintaining records of all data and transactions. They may also reach out to potential clients through calls and correspondence, even arrange appointments to discuss products and negotiate sales. Furthermore, as a commercial account manager, it is essential to lead and encourage the workforce, all while adhering to the company's policies and regulations.
Commercial lines account managers and commercial account managers have different pay scales, as shown below.
| Commercial Lines Account Manager | Commercial Account Manager | |
| Average salary | $57,372 | $59,175 |
| Salary range | Between $44,000 And $74,000 | Between $41,000 And $84,000 |
| Highest paying City | Bothell, WA | San Francisco, CA |
| Highest paying state | Washington | Hawaii |
| Best paying company | UBS | VMware |
| Best paying industry | Start-up | Manufacturing |
There are a few differences between a commercial lines account manager and a commercial account manager in terms of educational background:
| Commercial Lines Account Manager | Commercial Account Manager | |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between commercial lines account managers' and commercial account managers' demographics:
| Commercial Lines Account Manager | Commercial Account Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 12.8% Female, 87.2% | Male, 60.1% Female, 39.9% |
| Race ratio | Black or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1% | Black or African American, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 7% |