Claims account manager vs cash manager

The differences between claims account managers and cash 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 a cash manager takes usually requires 6-8 years. Additionally, a cash manager has an average salary of $93,363, 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 a cash manager are customer service, cash management, and treasury.

Claims account manager vs cash manager overview

	Claims Account Manager	Cash Manager
Yearly salary	$61,214	$93,363
Hourly rate	$29.43	$44.89
Growth rate	-6%	17%
Number of jobs	80,847	60,517
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 64%
Average age	44	46
Years of experience	6	8

Claims account manager vs cash manager salary

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

	Claims Account Manager	Cash Manager
Average salary	$61,214	$93,363
Salary range	Between $43,000 And $87,000	Between $66,000 And $130,000
Highest paying City	-	Redding, CA
Highest paying state	-	California
Best paying company	-	PVH
Best paying industry	-	Manufacturing

Differences between claims account manager and cash manager education

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

	Claims Account Manager	Cash Manager
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 64%
Most common major	Business	Business
Most common college	Stanford University	University of Pennsylvania

Claims account manager vs cash manager demographics

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

	Claims Account Manager	Cash Manager
Average age	44	46
Gender ratio	Male, 35.9% Female, 64.1%	Male, 38.2% Female, 61.8%
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, 8.0% Unknown, 4.1% Hispanic or Latino, 15.5% Asian, 8.0% White, 64.1% American Indian and Alaska Native, 0.3%
LGBT Percentage	10%	11%

Differences between claims account manager and cash 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.

Cash manager example responsibilities.

Lead and implement design of finance functions of new ERP system.
Manage day-to-day operational processing of securities lending program along with performing frequent analysis and audits for management reporting.
Process weekly ACH sweeps from depository accounts to corporate, wire transfers and other banking functions using PC.
Convert the in house manual system to an ADP ERP system.
Report bi-weekly on Sarbanes-Oxley relate to credits, debits and manual price adjustments.
Research and application of all GAAP policies and procedures as they pertain to the business.

Claims account manager vs cash 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 cash manager skills

Customer Service, 32%
Cash Management, 10%
Treasury, 6%
Financial Statements, 4%
Reconciliations, 4%
ACH, 3%