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Claims vice president vs senior claims specialist

The differences between claims vice presidents and senior claims 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 senior claims specialist. Additionally, a claims vice president has an average salary of $93,687, which is higher than the $69,808 average annual salary of a senior claims specialist.

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

Claims vice president vs senior claims specialist overview

Claims Vice PresidentSenior Claims Specialist
Yearly salary$93,687$69,808
Hourly rate$45.04$33.56
Growth rate-6%-6%
Number of jobs39,65211,011
Job satisfaction--
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 65%
Average age4444
Years of experience66

Claims vice president vs senior claims specialist salary

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

Claims Vice PresidentSenior Claims Specialist
Average salary$93,687$69,808
Salary rangeBetween $55,000 And $158,000Between $45,000 And $107,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between claims vice president and senior claims specialist education

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

Claims Vice PresidentSenior Claims Specialist
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 65%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Claims vice president vs senior claims specialist demographics

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

Claims Vice PresidentSenior Claims Specialist
Average age4444
Gender ratioMale, 77.3% Female, 22.7%Male, 40.7% Female, 59.3%
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, 12.0% Unknown, 4.4% Hispanic or Latino, 16.8% Asian, 5.2% White, 61.0% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between claims vice president and senior claims 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.
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Senior claims specialist example responsibilities.

  • Manage assigned third party administration (TPA) multi-jurisdictional workers' compensation; subrogation recovery claims; assign defense attorney.
  • Work toward settlement with claimants and attorneys, or determine company litigation strategy, participating in mediation and arbitration when necessary.
  • Maintain EDI processing table logic.
  • Work with testing HIPAA transactions, reporting and processing data reporting to the state.
  • Review data entry of claims receive through the EDI system for accuracy prior to processing.
  • Operate within all company regulations regarding HIPAA, fraud, confidentiality, and private health information guidelines.
  • Show more

Claims vice president vs senior claims specialist 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 specialist skills
  • Customer Service, 26%
  • Litigation, 10%
  • Claims Handling, 8%
  • SR, 5%
  • Settlement Conferences, 5%
  • Excellent Interpersonal, 4%

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