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Installment agent vs account representative

The differences between installment agents and account representatives can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both an installment agent and an account representative. Additionally, an account representative has an average salary of $36,977, which is higher than the $26,430 average annual salary of an installment agent.

The top three skills for an installment agent include customer service, windows and troubleshoot. The most important skills for an account representative are customer service, patients, and patient accounts.

Installment agent vs account representative overview

Installment AgentAccount Representative
Yearly salary$26,430$36,977
Hourly rate$12.71$17.78
Growth rate-8%-8%
Number of jobs26,460183,446
Job satisfaction--
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 52%
Average age4646
Years of experience1212

Installment agent vs account representative salary

Installment agents and account representatives have different pay scales, as shown below.

Installment AgentAccount Representative
Average salary$26,430$36,977
Salary rangeBetween $10,000 And $68,000Between $26,000 And $51,000
Highest paying City-Los Angeles, CA
Highest paying state-California
Best paying company-New Relic
Best paying industry-Finance

Differences between installment agent and account representative education

There are a few differences between an installment agent and an account representative in terms of educational background:

Installment AgentAccount Representative
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common college--

Installment agent vs account representative demographics

Here are the differences between installment agents' and account representatives' demographics:

Installment AgentAccount Representative
Average age4646
Gender ratioMale, 58.8% Female, 41.2%Male, 33.6% Female, 66.4%
Race ratioBlack or African American, 14.1% Unknown, 4.3% Hispanic or Latino, 18.6% Asian, 4.0% White, 58.5% American Indian and Alaska Native, 0.5%Black or African American, 12.5% Unknown, 4.2% Hispanic or Latino, 17.3% Asian, 3.9% White, 61.6% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between installment agent and account representative duties and responsibilities

Installment agent example responsibilities.

  • Answer eligibility and coverage questions from insurance agents pertaining to Medicare advantage plans and prescription drug plans.
  • Book reservations verify availability and reconfirm accommodations.
  • Upgrade, troubleshot, repair, and setup computers in store.
  • Identify & troubleshot in-home network issues, virus/spyware removal, perform PC installations & repairs.
  • Follow and maintain QA guidelines while documenting the customers questions with the appropriate escalations need.
  • Handle supervisor escalations and agent QA monitoring.
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Account representative example responsibilities.

  • Manage all billing accounts including Medicare/Medicaid, HMO and individual accounts.
  • Manage the daily correspondence from assign practices with keeping doctor/patient confidentiality under consideration along with HIPPA regulations.
  • Manage and maintain an internal database system to generate reports and produce accurate account information for patients and insurance companies.
  • Educate physicians to use current ICD-9 diagnostic coding and preparation to begin ICD-10 coding requirements.
  • Analyze health care insurance/litigation patient account files to resolve outstanding and delinquent accounts due to the healthcare client.
  • Promote ThermoCool SmartTouch ablation catheter device to electrophysiologists.
  • Show more

Installment agent vs account representative skills

Common installment agent skills
  • Customer Service, 33%
  • Windows, 24%
  • Troubleshoot, 14%
  • Inbound Calls, 10%
  • Outbound Calls, 10%
  • Linux, 9%
Common account representative skills
  • Customer Service, 21%
  • Patients, 18%
  • Patient Accounts, 5%
  • Data Entry, 3%
  • Medicaid, 3%
  • Customer Satisfaction, 3%

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