Claims vice president vs claims manager

The differences between claims vice presidents and claims managers 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 claims manager. Additionally, a claims vice president has an average salary of $93,687, which is higher than the $73,369 average annual salary of a claims manager.

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

Claims vice president vs claims manager overview

	Claims Vice President	Claims Manager
Yearly salary	$93,687	$73,369
Hourly rate	$45.04	$35.27
Growth rate	-6%	-6%
Number of jobs	39,652	30,302
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 68%	Bachelor's Degree, 66%
Average age	44	47
Years of experience	6	6

Claims vice president vs claims manager salary

Claims vice presidents and claims managers have different pay scales, as shown below.

	Claims Vice President	Claims Manager
Average salary	$93,687	$73,369
Salary range	Between $55,000 And $158,000	Between $45,000 And $117,000
Highest paying City	-	San Francisco, CA
Highest paying state	-	California
Best paying company	-	Zurich
Best paying industry	-	Insurance

Differences between claims vice president and claims manager education

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

	Claims Vice President	Claims Manager
Most common degree	Bachelor's Degree, 68%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	Stanford University	California State University - Bakersfield

Claims vice president vs claims manager demographics

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

	Claims Vice President	Claims Manager
Average age	44	47
Gender ratio	Male, 77.3% Female, 22.7%	Male, 47.9% Female, 52.1%
Race ratio	Black 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, 10.0% Unknown, 4.8% Hispanic or Latino, 17.1% Asian, 5.9% White, 61.5% American Indian and Alaska Native, 0.7%
LGBT Percentage	10%	8%

Differences between claims vice president and claims manager 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.

Claims manager example responsibilities.

Manage multiple outsource PPO networks that enable company to increase top line revenue.
Achieve improved structure and efficiency with initiation of pip specific unit.
Manage day-to-day operations of claims department and provide general oversight and direction of all claims activity.
Oversee implementation and management of litigation and expense protocols including AFA agreements and BLO oversight.
Respond to all DOI questions and concerns.
Work with TPA, service providers and personnel on the design, implementation, and management of wellness programs.

Claims vice president vs claims manager skills

Common claims vice president skills

Litigation, 15%
Claims Handling, 13%
Claims Operations, 10%
Oversight, 8%
Direct Reports, 6%
Coverage Issues, 5%

Common claims manager skills

Customer Service, 15%
Oversight, 11%
Litigation, 8%
Direct Reports, 4%
Claims Handling, 4%
Insurance Claims, 3%