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Claims vice president vs claims representative

The differences between claims vice presidents and claims representatives 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 representative. Additionally, a claims vice president has an average salary of $93,687, which is higher than the $38,796 average annual salary of a claims representative.

The top three skills for a claims vice president include litigation, claims handling and claims operations. The most important skills for a claims representative are customer service, quality standards, and policy coverage.

Claims vice president vs claims representative overview

Claims Vice PresidentClaims Representative
Yearly salary$93,687$38,796
Hourly rate$45.04$18.65
Growth rate-6%-6%
Number of jobs39,65218,565
Job satisfaction--
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 62%
Average age4444
Years of experience66

Claims vice president vs claims representative salary

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

Claims Vice PresidentClaims Representative
Average salary$93,687$38,796
Salary rangeBetween $55,000 And $158,000Between $28,000 And $53,000
Highest paying City-Dearborn, MI
Highest paying state-New Jersey
Best paying company-W. R. Berkley
Best paying industry-Government

Differences between claims vice president and claims representative education

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

Claims Vice PresidentClaims Representative
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 62%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Claims vice president vs claims representative demographics

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

Claims Vice PresidentClaims Representative
Average age4444
Gender ratioMale, 77.3% Female, 22.7%Male, 37.5% Female, 62.5%
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, 11.0% Unknown, 4.4% Hispanic or Latino, 16.5% Asian, 5.1% White, 62.4% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between claims vice president and claims representative 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.
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Claims representative example responsibilities.

  • Perform initial set-up and continuously manage claims in the Juris claims management system.
  • Investigate, evaluate, and manage call to complete coverage analysis confirming or denying coverage using Xactimate estimating software.
  • Prepare necessary state filings within statutory limits, manage litigation and vocational rehabilitation process, used appropriate cost containment techniques.
  • Assist the training department in developing CSR training in order to set expectations.
  • Create custom templates and guide sheets for new trainees in the CSR Internet division to ensure consistency and increase department efficiency.
  • Utilize proper SIU reporting procedures for extensive investigation as required.
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Claims vice president vs claims representative skills

Common claims vice president skills
  • Litigation, 15%
  • Claims Handling, 13%
  • Claims Operations, 10%
  • Oversight, 8%
  • Direct Reports, 6%
  • Coverage Issues, 5%
Common claims representative skills
  • Customer Service, 26%
  • Quality Standards, 6%
  • Policy Coverage, 6%
  • Reservations, 5%
  • Claims Handling, 3%
  • Insurance Coverage, 3%

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