Claims account manager vs asset manager

The differences between claims account managers and asset managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a claims account manager, becoming an asset manager takes usually requires 6-8 years. Additionally, an asset manager has an average salary of $85,814, which is higher than the $61,214 average annual salary of a claims account manager.

The top three skills for a claims account manager include workers compensation, TPA and account management. The most important skills for an asset manager are asset management, financial statements, and property management.

Claims account manager vs asset manager overview

	Claims Account Manager	Asset Manager
Yearly salary	$61,214	$85,814
Hourly rate	$29.43	$41.26
Growth rate	-6%	17%
Number of jobs	80,847	64,732
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 68%
Average age	44	46
Years of experience	6	8

Claims account manager vs asset manager salary

Claims account managers and asset managers have different pay scales, as shown below.

	Claims Account Manager	Asset Manager
Average salary	$61,214	$85,814
Salary range	Between $43,000 And $87,000	Between $59,000 And $123,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Deutsche Bank
Best paying industry	-	Finance

Differences between claims account manager and asset manager education

There are a few differences between a claims account manager and an asset manager in terms of educational background:

	Claims Account Manager	Asset Manager
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 68%
Most common major	Business	Business
Most common college	Stanford University	Stanford University

Claims account manager vs asset manager demographics

Here are the differences between claims account managers' and asset managers' demographics:

	Claims Account Manager	Asset Manager
Average age	44	46
Gender ratio	Male, 35.9% Female, 64.1%	Male, 64.3% Female, 35.7%
Race ratio	Black or African American, 10.4% Unknown, 4.4% Hispanic or Latino, 17.1% Asian, 5.3% White, 62.3% American Indian and Alaska Native, 0.5%	Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.9% White, 63.8% American Indian and Alaska Native, 0.3%
LGBT Percentage	10%	11%

Differences between claims account manager and asset manager duties and responsibilities

Claims account manager example responsibilities.

Manage complex service inquiries and coordinate action among multiple departments for brokers and TPA's.
Manage accounts while providing excellent customer service, help build financial relationships, redirecting calls in upselling credit per customer needs
Process and coordination of benefits for Medicaid and Medicare.
Field supervision and oversight of the job on build days ;.
Review and grant authority on all settlements in excess of recovery specialist's authority, closure requests and arbitration referral requests.
Develop concepts and procedures, analyze and resolve general ledger interfaces with computerize payroll, time tracking and project accounting system.

Asset manager example responsibilities.

Manage and improve the processes require to support server end of life and normal windows patching processes.
Manage a pipeline of assets/projects through the project life cycle of short sale/deed in lieu of foreclosure through closing.
Manage and facilitate IRB investigations of report non-compliance and/or scientific misconduct.
Recognize for financial acumen, successfully managing invoicing, vendor accounts, reconciliations, and target reports.
Manage commercial and multifamily REO portfolio preparing property operating plans to enhance value and marketability of REO asset
Trade structured product securities for accounts manage by other portfolio managers base on economic conditions and the needs of specific portfolios.

Claims account manager vs asset manager skills

Common claims account manager skills

Workers Compensation, 17%
TPA, 13%
Account Management, 12%
Claims Handling, 12%
Customer Service, 6%
Insurance Carriers, 6%

Common asset manager skills

Asset Management, 20%
Financial Statements, 7%
Property Management, 7%
Customer Service, 6%
Oversight, 5%
Loan Portfolio, 5%