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Compensation adjuster vs total loss specialist

The differences between compensation adjusters and total loss specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a compensation adjuster and a total loss specialist. Additionally, a compensation adjuster has an average salary of $59,246, which is higher than the $51,718 average annual salary of a total loss specialist.

The top three skills for a compensation adjuster include litigation, workers compensation claims and medical treatment. The most important skills for a total loss specialist are customer service, HR, and outbound calls.

Compensation adjuster vs total loss specialist overview

Compensation AdjusterTotal Loss Specialist
Yearly salary$59,246$51,718
Hourly rate$28.48$24.86
Growth rate-6%-6%
Number of jobs15,06233,617
Job satisfaction--
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 60%
Average age4444
Years of experience44

Compensation adjuster vs total loss specialist salary

Compensation adjusters and total loss specialists have different pay scales, as shown below.

Compensation AdjusterTotal Loss Specialist
Average salary$59,246$51,718
Salary rangeBetween $39,000 And $89,000Between $32,000 And $81,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between compensation adjuster and total loss specialist education

There are a few differences between a compensation adjuster and a total loss specialist in terms of educational background:

Compensation AdjusterTotal Loss Specialist
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 60%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Compensation adjuster vs total loss specialist demographics

Here are the differences between compensation adjusters' and total loss specialists' demographics:

Compensation AdjusterTotal Loss Specialist
Average age4444
Gender ratioMale, 23.6% Female, 76.4%Male, 35.7% Female, 64.3%
Race ratioBlack or African American, 12.1% Unknown, 4.4% Hispanic or Latino, 16.5% Asian, 5.1% White, 61.4% American Indian and Alaska Native, 0.5%Black or African American, 14.1% Unknown, 4.4% Hispanic or Latino, 15.7% Asian, 5.4% White, 59.9% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between compensation adjuster and total loss specialist duties and responsibilities

Compensation adjuster example responsibilities.

  • Manage litigation claims including mediation and arbitration from inception to close.
  • Apply strong customer service, organizational and multitasking skills to efficiently manage auto insurance claims.
  • Compile and validate information relay to legal department for litigation arising from medical claims.
  • Research and review delinquent mortgage cases, financial scenarios and individual homeowner situations to develop solutions compliant with investor policy.
  • Close files once MMI and/or settlement reach
  • Input new CPT codes into system as changed by HIPPA law regulations.
  • Show more

Total loss specialist example responsibilities.

  • Analyze and support development and execution of underwriting, automation and operational strategies to efficiently and effectively manage the portfolio.
  • Work with SIU to flag fraud and mitigate fraudulent payouts.
  • Clean, pack and organize the SIU office and files.
  • Participate in utilizing inter-company arbitration.
  • Participate in utilizing inter-company arbitration.

Compensation adjuster vs total loss specialist skills

Common compensation adjuster skills
  • Litigation, 16%
  • Workers Compensation Claims, 11%
  • Medical Treatment, 7%
  • Medical Terminology, 7%
  • Disability Claims, 5%
  • Medical Bills, 5%
Common total loss specialist skills
  • Customer Service, 22%
  • HR, 16%
  • Outbound Calls, 7%
  • Inbound Calls, 6%
  • Insurance Claims, 4%
  • Training Sessions, 4%

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