Insurance account representative vs finance service representative

The differences between insurance account representatives and finance service representatives can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance account representative has an average salary of $39,881, which is higher than the $38,361 average annual salary of a finance service representative.

The top three skills for an insurance account representative include schedule appointments, customer service and develop leads. The most important skills for a finance service representative are financial services, patients, and team-oriented environment.

Insurance account representative vs finance service representative overview

	Insurance Account Representative	Finance Service Representative
Yearly salary	$39,881	$38,361
Hourly rate	$19.17	$18.44
Growth rate	6%	10%
Number of jobs	104,895	220,519
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 56%	Bachelor's Degree, 60%
Average age	46	43
Years of experience	-	4

What does an insurance account representative do?

An Insurance Account Representative manages the accounts of the clients assigned to them. They sell and make negotiations in health, life, or other insurance. They also carry out is utilizing client-centered ability and strong customer service for strong policyholder-customer relationships. Insurance Account Representatives should develop skills in scheduling appointments, customer service, and customer identification.

What does a finance service representative do?

A financial service representative typically works for a bank or a similar establishment. One of their primary responsibilities is to reach out to clients and offer financial advice, services, or products such as insurance and credit cards. They can also set appointments, meet with clients to discuss benefits, and even gather applications. Furthermore, a financial service representative needs to have extensive knowledge of the products and services and be equipped with communication skills to build a rapport that will be essential in securing trust and sales.

Insurance account representative vs finance service representative salary

Insurance account representatives and finance service representatives have different pay scales, as shown below.

	Insurance Account Representative	Finance Service Representative
Average salary	$39,881	$38,361
Salary range	Between $30,000 And $51,000	Between $25,000 And $58,000
Highest paying City	Milwaukee, WI	New York, NY
Highest paying state	Wisconsin	New York
Best paying company	Guidehouse	Bloomberg
Best paying industry	Insurance	Government

Differences between insurance account representative and finance service representative education

There are a few differences between an insurance account representative and a finance service representative in terms of educational background:

	Insurance Account Representative	Finance Service Representative
Most common degree	Bachelor's Degree, 56%	Bachelor's Degree, 60%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Insurance account representative vs finance service representative demographics

Here are the differences between insurance account representatives' and finance service representatives' demographics:

	Insurance Account Representative	Finance Service Representative
Average age	46	43
Gender ratio	Male, 29.3% Female, 70.7%	Male, 41.2% Female, 58.8%
Race ratio	Black or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 15.9% Asian, 4.9% White, 66.2% American Indian and Alaska Native, 0.1%	Black or African American, 5.7% Unknown, 4.1% Hispanic or Latino, 11.9% Asian, 10.1% White, 67.9% American Indian and Alaska Native, 0.2%
LGBT Percentage	7%	6%

Differences between insurance account representative and finance service representative duties and responsibilities

Insurance account representative example responsibilities.

Manage civil litigation matters such as general and complex litigation.
Cold-Cal to generate leads for individual life and disability insurance and annuities.
Manage client relationship by presenting solutions for customers state and unstate needs while cross-selling company products.
Experience Licenced ACA health insurance agent.
Cross sell all other lines of AAA products to secure stability in clients.
Service clients while empowering them to participate in market gains while avoiding market losses with fix index annuities.

Finance service representative example responsibilities.

Manage correspondent services including but not limit to wire processing, coin and currency, ACH support and international payments.
Gain excellent customer service skills and achieve award for completing voluntary MSR exams.1
Manage client relationship by presenting solutions for customers state and unstate needs while cross-selling company products.
Maintain cleanliness and presentation of member service area and marketing information.
Originate and develop new business through effective profiling, relationship building, consultative customer service in a retail banking environment.
Count upon for accuracy and math skills.

Insurance account representative vs finance service representative skills

Common insurance account representative skills

Schedule Appointments, 11%
Customer Service, 11%
Develop Leads, 9%
Customer Relationships, 7%
Work Ethic, 5%
Review Process, 5%

Common finance service representative skills

Financial Services, 15%
Patients, 8%
Team-Oriented Environment, 7%
Mutual Funds, 4%
Financial Products, 4%
Customer Service, 3%

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Insurance Account Representative
Insurance Account Representative vs Finance Service Representative

Updated January 8, 2025

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