Claims account manager vs risk manager

The differences between claims account managers and risk 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 risk manager takes usually requires 6-8 years. Additionally, a risk manager has an average salary of $116,072, 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 risk manager are oversight, risk assessments, and project management.

Claims account manager vs risk manager overview

	Claims Account Manager	Risk Manager
Yearly salary	$61,214	$116,072
Hourly rate	$29.43	$55.80
Growth rate	-6%	17%
Number of jobs	80,847	75,795
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 66%
Average age	44	46
Years of experience	6	8

Claims account manager vs risk manager salary

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

	Claims Account Manager	Risk Manager
Average salary	$61,214	$116,072
Salary range	Between $43,000 And $87,000	Between $84,000 And $160,000
Highest paying City	-	San Francisco, CA
Highest paying state	-	California
Best paying company	-	Credit Karma
Best paying industry	-	Technology

Differences between claims account manager and risk manager education

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

	Claims Account Manager	Risk Manager
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	Stanford University	University of Pennsylvania

Claims account manager vs risk manager demographics

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

	Claims Account Manager	Risk Manager
Average age	44	46
Gender ratio	Male, 35.9% Female, 64.1%	Male, 59.3% Female, 40.7%
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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3%
LGBT Percentage	10%	11%

Differences between claims account manager and risk 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.

Risk manager example responsibilities.

Lead team in addressing Sarbanes-Oxley, HIPAA, and SAS70 compliance and control mandates.
Develop procedures and policies to manage site implementation of successful JD Edwards ERP system.
Direct staff, manage A/R and reconciliations, petty cash disbursements and tracking of all incoming claims and payments.
Manage the loan loss receivables SAS data mart, document change initiatives, implement SAS coding changes and process ongoing updates.
Manage accounting procedures and general ledger reconciliations.
Lead SOX project planning and implementation, successfully implement the corporate governance policies and internal control framework.

Claims account manager vs risk 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 risk manager skills

Oversight, 10%
Risk Assessments, 6%
Project Management, 6%
Portfolio, 5%
Strong Analytical, 4%
Operational Risk, 4%