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Claims account manager vs cost accounting manager

The differences between claims account managers and cost accounting 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 cost accounting manager takes usually requires 6-8 years. Additionally, a cost accounting manager has an average salary of $89,286, 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 cost accounting manager are variance analysis, financial analysis, and reconciliations.

Claims account manager vs cost accounting manager overview

Claims Account ManagerCost Accounting Manager
Yearly salary$61,214$89,286
Hourly rate$29.43$42.93
Growth rate-6%17%
Number of jobs80,84761,135
Job satisfaction--
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 78%
Average age4446
Years of experience68

Claims account manager vs cost accounting manager salary

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

Claims Account ManagerCost Accounting Manager
Average salary$61,214$89,286
Salary rangeBetween $43,000 And $87,000Between $67,000 And $118,000
Highest paying City-Boston, MA
Highest paying state-Connecticut
Best paying company-Microsoft
Best paying industry-Manufacturing

Differences between claims account manager and cost accounting manager education

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

Claims Account ManagerCost Accounting Manager
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 78%
Most common majorBusinessAccounting
Most common collegeStanford UniversityUniversity of Pennsylvania

Claims account manager vs cost accounting manager demographics

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

Claims Account ManagerCost Accounting Manager
Average age4446
Gender ratioMale, 35.9% Female, 64.1%Male, 71.7% Female, 28.3%
Race ratioBlack 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 9.2% White, 64.2% American Indian and Alaska Native, 0.3%
LGBT Percentage10%11%

Differences between claims account manager and cost accounting 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.
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Cost accounting manager example responsibilities.

  • Manage the monthly analysis of variances which include PPV, MUV, substitution and labor.
  • Lead ERP system integration team and restructure manufacturing accounting system of newly acquire facility.
  • Manage payroll and all taxation matters, coordinate independent audit; communicate with outside organizations and agencies.
  • Direct the development, administration, and standards necessary to maintain financial controls in compliance with GAAP and SOX.
  • Provide financial management of inventories for multiple facilities to include book-to-physical account reconciliations, inventory projections and reduction plans.
  • Maintain standard cost integrity including annual standard changes, inventory valuation, monthly closings, account reconciliations and annual budgeting.
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Claims account manager vs cost accounting 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 cost accounting manager skills
  • Variance Analysis, 5%
  • Financial Analysis, 5%
  • Reconciliations, 4%
  • Financial Reports, 4%
  • Product Cost, 4%
  • ERP, 4%

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