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Claims vice president vs claim specialist

The differences between claims vice presidents and claim specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a claims vice president and a claim specialist. Additionally, a claims vice president has an average salary of $93,687, which is higher than the $43,164 average annual salary of a claim specialist.

The top three skills for a claims vice president include litigation, claims handling and claims operations. The most important skills for a claim specialist are customer service, litigation, and patients.

Claims vice president vs claim specialist overview

Claims Vice PresidentClaim Specialist
Yearly salary$93,687$43,164
Hourly rate$45.04$20.75
Growth rate-6%-6%
Number of jobs39,65229,505
Job satisfaction--
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 54%
Average age4444
Years of experience66

Claims vice president vs claim specialist salary

Claims vice presidents and claim specialists have different pay scales, as shown below.

Claims Vice PresidentClaim Specialist
Average salary$93,687$43,164
Salary rangeBetween $55,000 And $158,000Between $27,000 And $67,000
Highest paying City-Newark, NJ
Highest paying state-New Jersey
Best paying company-W. R. Berkley
Best paying industry-Insurance

Differences between claims vice president and claim specialist education

There are a few differences between a claims vice president and a claim specialist in terms of educational background:

Claims Vice PresidentClaim Specialist
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 54%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Claims vice president vs claim specialist demographics

Here are the differences between claims vice presidents' and claim specialists' demographics:

Claims Vice PresidentClaim Specialist
Average age4444
Gender ratioMale, 77.3% Female, 22.7%Male, 31.0% Female, 69.0%
Race ratioBlack or African American, 11.3% Unknown, 4.4% Hispanic or Latino, 17.0% Asian, 5.3% White, 61.5% American Indian and Alaska Native, 0.5%Black or African American, 11.4% Unknown, 4.4% Hispanic or Latino, 16.5% Asian, 5.1% White, 62.1% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between claims vice president and claim specialist duties and responsibilities

Claims vice president example responsibilities.

  • Retain and manage outside counsel; develop and coordinate strategy for litigation; participate in alternative dispute resolution and negotiate settlements.
  • Provide management oversight of client support at offices in Indiana, Kentucky and Ohio.
  • Provide vision, oversight and direction to claims and encounter processing and claims systems configuration.
  • Work with underwriting carrier to ensure that all TPA responsibilities are being handle according to the TPA guidelines.
  • Establish and direct internal and external performance standards and procedures for use with TPA's or general agents.
  • Negotiate claims litigation, including settling lawsuits via mediation strategies.
  • Show more

Claim specialist example responsibilities.

  • Assist in the streamlining of EDI process to manage workflow of EDI claims.
  • Manage claims on desk, route/queues, and ECHS within specify turn-around-time parameters.
  • Manage claims, route/queues, and ECHS, within specify turn- around time parameters.
  • Investigate, manage, negotiate and resolve claims arising out of accidents involving automobile and homeowner policies.
  • Upgrade CPT-4 and ICD-9 coding procedures, staying in step with many manage care plans changing reimbursement schedules.
  • Manage expedition of appeals via problem solving and collaboration with other departments.
  • Show more

Claims vice president vs claim specialist skills

Common claims vice president skills
  • Litigation, 15%
  • Claims Handling, 13%
  • Claims Operations, 10%
  • Oversight, 8%
  • Direct Reports, 6%
  • Coverage Issues, 5%
Common claim specialist skills
  • Customer Service, 19%
  • Litigation, 7%
  • Patients, 5%
  • Claims Handling, 4%
  • Quality Standards, 4%
  • Excellent Organizational, 4%

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