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Claims vice president vs senior claims representative

The differences between claims vice presidents and senior 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 senior claims representative. Additionally, a claims vice president has an average salary of $93,687, which is higher than the $54,592 average annual salary of a senior claims representative.

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

Claims vice president vs senior claims representative overview

Claims Vice PresidentSenior Claims Representative
Yearly salary$93,687$54,592
Hourly rate$45.04$26.25
Growth rate-6%-6%
Number of jobs39,65210,995
Job satisfaction--
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 75%
Average age4444
Years of experience66

Claims vice president vs senior claims representative salary

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

Claims Vice PresidentSenior Claims Representative
Average salary$93,687$54,592
Salary rangeBetween $55,000 And $158,000Between $31,000 And $94,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between claims vice president and senior claims representative education

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

Claims Vice PresidentSenior Claims Representative
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 75%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Claims vice president vs senior claims representative demographics

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

Claims Vice PresidentSenior Claims Representative
Average age4444
Gender ratioMale, 77.3% Female, 22.7%Male, 47.3% Female, 52.7%
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, 11.2% Unknown, 4.4% Hispanic or Latino, 16.5% Asian, 5.1% White, 62.3% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between claims vice president and senior 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.
  • Show more

Senior claims representative example responsibilities.

  • Conduct detailed interviews with physicians, prepare comprehensive written reports, retain defense counsel, and effectively manage the litigation process.
  • Utilize Xactimate estimating system during field inspection to properly evaluate commercial property damages.
  • Update computer generate claim file (s) with medical diagnoses, current CPT and ICD codes.
  • Analyze claims using IDC and CPT coding and negotiate settlements with attorneys, claimants, medical providers, and insureds.
  • Set up independent medical examinations, issue denials, attend arbitration hearings.
  • Coordinate and attend various mediation and arbitration hearings as well as numerous settlement hearings and conferences.
  • Show more

Claims vice president vs senior 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 senior claims representative skills
  • Customer Service, 26%
  • Claims Handling, 14%
  • Litigation, 9%
  • Insurance Claims, 3%
  • Bodily Injury Claims, 3%
  • Automobile Claims, 3%

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