Account adjuster vs loss mitigation specialist

The differences between account adjusters and loss mitigation specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both an account adjuster and a loss mitigation specialist. Additionally, a loss mitigation specialist has an average salary of $43,251, which is higher than the $40,969 average annual salary of an account adjuster.

The top three skills for an account adjuster include customer service, patient accounts and delinquent accounts. The most important skills for a loss mitigation specialist are customer service, loan modifications, and foreclosure process.

Account adjuster vs loss mitigation specialist overview

	Account Adjuster	Loss Mitigation Specialist
Yearly salary	$40,969	$43,251
Hourly rate	$19.70	$20.79
Growth rate	-8%	-8%
Number of jobs	61,766	7,596
Job satisfaction	-	3.67
Most common degree	Bachelor's Degree, 49%	Bachelor's Degree, 51%
Average age	46	46
Years of experience	12	12

Account adjuster vs loss mitigation specialist salary

Account adjusters and loss mitigation specialists have different pay scales, as shown below.

	Account Adjuster	Loss Mitigation Specialist
Average salary	$40,969	$43,251
Salary range	Between $24,000 And $68,000	Between $34,000 And $54,000
Highest paying City	-	Virginia Beach, VA
Highest paying state	-	Maryland
Best paying company	-	Accenture
Best paying industry	-	Professional

Differences between account adjuster and loss mitigation specialist education

There are a few differences between an account adjuster and a loss mitigation specialist in terms of educational background:

	Account Adjuster	Loss Mitigation Specialist
Most common degree	Bachelor's Degree, 49%	Bachelor's Degree, 51%
Most common major	Business	Business
Most common college	-	-

Account adjuster vs loss mitigation specialist demographics

Here are the differences between account adjusters' and loss mitigation specialists' demographics:

	Account Adjuster	Loss Mitigation Specialist
Average age	46	46
Gender ratio	Male, 38.9% Female, 61.1%	Male, 40.4% Female, 59.6%
Race ratio	Black or African American, 11.8% Unknown, 4.1% Hispanic or Latino, 19.3% Asian, 4.1% White, 60.2% American Indian and Alaska Native, 0.5%	Black or African American, 13.9% Unknown, 3.9% Hispanic or Latino, 20.7% Asian, 3.4% White, 57.6% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between account adjuster and loss mitigation specialist duties and responsibilities

Account adjuster example responsibilities.

Manage and maintain an internal database system to generate reports and produce accurate account information for patients and insurance companies.
Provide assistance regards to trouble shooting, account status, miss invoice and account reconciliation.
Resolve all invoice and sales order processing issues that relate in amounts due to/from all customers.
Determine presumptive Medicare and/or Medicaid eligibility.
Used ACCURINT software to maintain and update files.
Search Lexus/Nexus Accurint database to locate customer.

Loss mitigation specialist example responsibilities.

Manage internal team SharePoint and document repository.
Document accurate loss mitigation reviews and foreclosure details via MSP.
Submit Medicare claims through DDE.
Deal with Nielsen and Rentrak to monitor advertiser ad ratings
Check accounts for accuracy according to Medicare HMO guidelines.
Resolve customer disputes and prepare adjustments to A/R when necessary.

Account adjuster vs loss mitigation specialist skills

Common account adjuster skills

Customer Service, 16%
Patient Accounts, 13%
Delinquent Accounts, 9%
Payment Arrangements, 8%
Inbound Calls, 6%
Credit Reports, 6%

Common loss mitigation specialist skills

Customer Service, 13%
Loan Modifications, 9%
Foreclosure Process, 8%
Inbound Calls, 5%
Loss Mitigation Options, 4%
Payment Arrangements, 3%

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Account Adjuster
Account Adjuster vs Loss Mitigation Specialist

Updated January 8, 2025

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