Insurance account manager reddit.
Insurance account manager reddit.
Insurance account manager reddit If you're more the leadership type, maybe find a project manager type of role. I targeted Insurance tech companies for jobs so I could get a higher job as an account executive, as opposed to Sales/Business This insurance role is better than a teller position in my opinion. They had been handling most things themselves (for example, the project manager, account manager, developer was all one person who then worked in tandem with their graphic designersand copywriters). Most people who work for agencies have been with them for years. A place that *is* hiring are all the little state farm offices all around the city. com and greatinsurancejobs. ” What does select refer to in this context? Other job titles for reference are “account manager - personal” and “account manager - surety” which I understand. Oftentimes, different account managers have different specialties, so you will often need to work with other account managers to solve insurance problems or even collaborate on a mutual client. They are separate from SF corporate offices and just sell State Farm Products, so you could get a really awesome environment. I sold final expense insurance for a bit but talking about death and the chargebacks made it uninteresting to me. There's Account Managers/Client Service Managers/Account Execs that are the "farmers" that service the accounts that the "hunters" (producers) bring into the brokerage. I was at a large insurance agency for a bit over 5 years. I'm trying to find some salary transparency in terms of account manager roles. I am potentially interested in transitioning to a career in insurance. Some Account Mangers have 400 plus policies making that up, but my book is about 150 clients because I inherited it. I've got a few compelling reasons for this career change: Education: I'm eager to dive deeper into the insurance industry, learn about different policies, and become an expert in my field. Usually what I see is a decent or good account manager, and a poor or mediocre producer. Would also be interested to know peoples answers as I don’t think my team talks about pay out of fear of resenting each other (we’re very close) Where I work we all have over 1. Would love to hear anyone’s take if they’ve got any first or second hand I am currently transitioning from 3 years insurance, 26 yrs old, and going into tech sales. I recently applied for an Account Representative position with State Farm, and just scheduled a phone interview. Ended up leaving for better work life balance but definitely don’t regret the experience. Today's demand for certified professional coders (CPCs) is growing as many jobs in the coding and billing field now require certification. I was genuinely curious why an existing RSP doesn’t count towards the investment requirement of their multiplier account when computing interest. The AE will take the lead from warm to close. Our top end commercial account managers are making 75K plus bonuses and OT. Somewhere around 2-5% of the premiums. I fell into insurance a long time ago…at the time I felt satisfied, evaluating the coverages versus the client needs- I’m on the agency side- but now I feel more like a human computer than a person, the clients are great (most of the time)…but I’m an simply a cog in a wheel at this point…there is very little time to analyze the This insurance subreddit is for consumers wanting their questions answered about insurance (quicker than a bigger sub where you have to wait to trend to be noticed), and P&C and L&H agents/brokers wanting to answer consumers' questions while sharing useful content in addition to asking and answering agents questions about the business. They really need people who speak insurance; your experience is valuable there. Account Manager for Commercial Small Business What has your experience been as an AM for commercial small business? I thought being in small business would be easier with a lesser workload, but I have been bombarded since the day I started and am never really caught up with renewals and change requests even when I work major overtime and on r/Enterprise Car Rental is for customers and employees of EAN - Enterprise, Alamo and National. If you’re good you can do very well as an account manager. Documenting, activities, no thank you, she takes care of me and my clients and I take care of her. There is a job opening at a local company that is for an “account manager - select. Salary. The daily routine of an Insurance Account Manager can vary depending on the size of the organization and the specific client portfolio they manage. They have Sales Development Representative (SDR) > Account Executive (AE) [not to be confused with the above] > Account Manager. There is usually a insurance red calculator that walks the clients through what life insurance is and how much they need. Leverage your professional network, and get hired. Dec 29, 2023 · 🎙️ **Welcome to the Ridiculously Amazing Insurance Agent Podcast! Decoding Excellence: What Makes A Great Insurance Account Manager?”** In this episode of the Ridiculously Amazing Insurance Agent Podcast, we dive deep into the intricacies of the insurance industry to uncover the secrets behind being a truly exceptional Insurance Account Manager. I have a bachelors in insurance, a CIC, and 5 years of commercial account management experience with independent agencies. Account Associate in business insurance at a large brokerage (they described it as between assistant account manager and AM), new to the industry, LCOL. Your experience will probably largely depend on your manager which is always a dice roll. They had no account manager roles open, and never do. We all have a CSR. This role is part of a new team being built. Nov 11, 2021 · While much of the work you do as an account manager will be independent, you will also at times need to display team skills at times as an account manager. For those of you seasoned in the game, what are your top questions during a job interview to really weed out the role? I mean really in the meat of it, not entry level questions but veteran questions? Many physicians, mid-level providers, practice managers, administrators, billers and front desk staff members have questions about coding. View all Insurance Office of America jobs in Charlotte, NC - Charlotte jobs - Commercial Lines Account Manager jobs in Charlotte, NC; Salary Search: Account Manager Associate - Commercial Lines (Hybrid/Remote) salaries in Charlotte, NC; See popular questions & answers about Insurance Office of America Insurance is one of those industries where you can make a lot of money but at the absolute expense of your sanity and soul. Mid march - May is where we are inundated getting insurance in place for everyone before Hurricane season. Many more people seem to be able to succeed as an account manager than a producer. I worked as an account manager for a State Farm agency and it depends on who the owner is. New Insurance Account Manager Salary Reddit jobs Also being in sales and having an account manager and knowing what their day looks like I would absolutely hate my life if I did my account managers job. After leaving there, I’ve worked as an Account Manager and Retention Specialist for the last 3 years in Personal Lines insurance. Teller position makes $10 or so an hour where I used to live. Yikes! Sounds terrible! I was an UW before. Selling insurance products to teachers. She had no answer, despite ostensibly being of DBS. I get ~15% of this figure. To throw another wrench I have thought of Underwriting as an eventual career once I gain more experience in the insurance world and have tried as get an assistant role without any luck. It was a good experience, great manager, great team, pay and bonus structure was very favorable but mainly because the role was demanding. I made summit at Att two years in a row. I think there’s research that says the average Account Manager should be able to handle about a 1. After that, its sit back and enjoy the summer for the most part! I will say, this is likely unique to the type of insurance I write. I will have to pay an account manager $60-70k to service this book in the next year or so but the rest is free cashflow. Could be a pretty rinky dink one man operation at a small company, but if you're say someone managing F100 accounts at AWS, Google, Oracle, Salesforce, etc. The SDR will cold call and set up appointments for the AE. How many cold calls are you typically doing per day versus how many inbound leads do you get? I've been in the insurance industry since 2016. You make more base in insurance sales, and with State Farm in particular, in additional to auto and home sales, I had the opportunity to sell life insurance and bank products. May 25, 2022 · No, not really. Many are the key to Today’s top 40 Insurance Account Manager Salary Reddit jobs in United States. I worked for Att for 6 years in retail sales and left back in November to do insurance. On April 27, 2020 Greg Case announced AON would reduce compensation by 20% for 70% of the workforce. Apr 10, 2025 · The estimated total pay for a Insurance Account Manager is $103,158 per year, with an average salary of $66,932 per year. Mine usually breaks 6 figures depending on how well I do new business wise which she is obviously a big part of. 5-2 million book by themselves. We are talking about $1. I had no experience being an account manager before so it was all new to me. I suggest taking a tech sales Bootcamp like UVARO. Insurance also has trails. I love working with customers and really enjoy personal lines, however my current manager is difficult to work with. The listing describes it more so as a point of contact for pre existing customers with inquiries. Account Manager - Want to transition out but lost on my options. Since you're younger, it might work out for you but that's up for you to take that This insurance subreddit is for consumers wanting their questions answered about insurance (quicker than a bigger sub where you have to wait to trend to be noticed), and P&C and L&H agents/brokers wanting to answer consumers' questions while sharing useful content in addition to asking and answering agents questions about the business. Only new sales, so must be a revolving door 5. I'm a commercial account manager and I like my job now, but it took a while to establish firm boundaries that allow me to keep balance in my life. They said they have 13 interviews to reduce turnover, however, if you dont sell they eventually let you go. As far as I've ascertained, smaller firm so wear multiple hats. com. No dedicated project manager. It was awesome. OTE is $84k first year. I have been in Account Management for the last 5-6 years. there is potentially an This insurance subreddit is for consumers wanting their questions answered about insurance (quicker than a bigger sub where you have to wait to trend to be noticed), and P&C and L&H agents/brokers wanting to answer consumers' questions while sharing useful content in addition to asking and answering agents questions about the business. I'm a commercial lines account manager and the pay is decent, but I don't feel like I have the technical knowledge I should considering the years of experience I have. However, I'm not sure if working for them actually gets me closer to my goals or will sidetrack me and waste time. It was about four years ago. I’m a BIG ol insurance nerd, I read about it constantly in my free time, and I’m genuinely interested in it. I understand retail telecom pretty well. The two sites that come up in an internet search are insurancejobs. 8M new premium to the carrier. Typical Work Environment and Schedule. If you're a people person, try to find account manager/client-success type of role. To me though, they sound exactly like an insurance agent, but with access to personal data I have with the bank, and the bank’s premises. I’m starting at $56k as a Sr. The AM will farm the account, maintaining the relationship and getting referrals. There are other structures too. Ask for help, discuss the company or a local branch or show off today's ride. When you do a search, put "account manager insurance" or "insurance account manager. They are the type to rule by fear, bullying and extreme micromanaging. I loved working for my agents office. Account manager here my day to day is shopping quotes that have increased with the few other companies that we’ve got. $270k recurring revenue is almost entirely free cashflow. Apparently they’re in the with teachers unions? $40k base + uncapped commission. Learn about State Farm culture, salaries, benefits, work-life balance, management, job security, and more. Curious what the range would look like for a senior experienced commercial lines account manager at a large firm. Usually people will do one well, and the other poorly. Account executive is the equivalent of a product manager for sales and delivery, they are CEO of the whole operation of marketing, selling, and servicing contracts. I worked in employee benefits and now for a digital health vendor. ” There are days that are stressful, without a doubt. The sales process to start in insurance is not too complex. Company car is provided since there’s a decent amount of travel. Coming to the larger firm, they do not allow agents to service our own accounts so I was assigned an account manager from day 1 who was already working on another agents book and could service the accounts I wrote. Insurance Account Managers typically work in office settings, collaborating with colleagues and meeting with clients. I would comb through LinkedIn and Indeed searching for “insurance CSR”, “insurance customer service”, “insurance sales”, “insurance account manager”, “insurance producer” and filter by entry-level, and what type of work environment you want (in-person, hybrid, remote). I'd recommend the insurtech route for sure. com reports that pay typically ranges from $75,870 to $107,824, with most professionals earning between $59,500 and $120,545. Also maybe 5% or less of insurance agents actually last longer than a year. I did not start off with an account manager at my first firm and only gained one when my book was over $150k in total commissions. We would like to show you a description here but the site won’t allow us. . I'd never work in insurance sales myself but to each their own. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Mar 23, 2020 · Account managers are the backbone of an agency. I have been on the broker side for 4ish months and have had really only 1 mentor that is really busy herself and everyone else is busy. Where the account manager will have a pretty decent salary and the opportunity for commission on any sales made. I am still looking for an account manager/associate position at a PBM or brokerage, but jobs aren't plentiful these days. Account managers (AM) are also called customer service representatives (CSR) and are critical to the agency’s reputation. I’ve been offered an Account Manager position. " You will still get results that aren't relevant, but it should help. Some companies pay these for ever. To be fair, they reversed course later that year and provided back pay. 3 days ago · How much does an Insurance Account Manager make? As of May 01, 2025, the average annual salary for an Insurance Account Manager in the United States is $93,851. Answering the phone if someone calls and making changes or answering questions. I'd like to start searching for a new job and it's a bit difficult because the roles differ from agency to agency so I'm curious what most of us are actually doing/making as account managers. If you're techy, learn some data analysis or some basic coding. This insurance subreddit is for consumers wanting their questions answered about insurance (quicker than a bigger sub where you have to wait to trend to be noticed), and P&C and L&H agents/brokers wanting to answer consumers' questions while sharing useful content in addition to asking and answering agents questions about the business. Some pay these years 2-10. That elevated me and allowed me to become a highly viable candidate. Health insurance I’m sure never has a “slow period. Basic Insurance Operations Good brokerages or insurers will break these commercial lines of coverage down by both line and the type of industry they are serving. Apr 3, 2025 · 291 reviews from State Farm employees about working as an Account Manager at State Farm. 5 million in our book of business. Also what is the work life like? I’m currently a partner (minor share) at a small shop but they’ve been delaying the operating agreement and neglecting raises. It’s been very tough!!! But I've come to realize that my true passion lies in becoming a commercial insurance broker. ldlh robenw fbbs vnk pfdck xghb jnojikz ftyvoc ltynejk thfch pjxy tjqzmgp uxqp gflgi nwvj