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Insurance auditor vs audit specialist

The differences between insurance auditors and audit specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, an audit specialist has an average salary of $58,291, which is higher than the $49,477 average annual salary of an insurance auditor.

The top three skills for an insurance auditor include workers compensation, general liability policies and ISO. The most important skills for an audit specialist are audit reports, patients, and customer service.

Insurance auditor vs audit specialist overview

Insurance AuditorAudit Specialist
Yearly salary$49,477$58,291
Hourly rate$23.79$28.02
Growth rate6%6%
Number of jobs54,04240,071
Job satisfaction--
Most common degreeBachelor's Degree, 53%Bachelor's Degree, 55%
Average age4444
Years of experience--

Insurance auditor vs audit specialist salary

Insurance auditors and audit specialists have different pay scales, as shown below.

Insurance AuditorAudit Specialist
Average salary$49,477$58,291
Salary rangeBetween $28,000 And $84,000Between $34,000 And $99,000
Highest paying City-San Francisco, CA
Highest paying state-California
Best paying company-SAP
Best paying industry-Professional

Differences between insurance auditor and audit specialist education

There are a few differences between an insurance auditor and an audit specialist in terms of educational background:

Insurance AuditorAudit Specialist
Most common degreeBachelor's Degree, 53%Bachelor's Degree, 55%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Insurance auditor vs audit specialist demographics

Here are the differences between insurance auditors' and audit specialists' demographics:

Insurance AuditorAudit Specialist
Average age4444
Gender ratioMale, 36.0% Female, 64.0%Male, 33.7% Female, 66.3%
Race ratioBlack or African American, 8.9% Unknown, 4.0% Hispanic or Latino, 11.2% Asian, 12.1% White, 63.4% American Indian and Alaska Native, 0.5%Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.1% White, 63.6% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between insurance auditor and audit specialist duties and responsibilities

Insurance auditor example responsibilities.

  • Manage the collection, analysis and verification of managerial payroll information to detect fraud and/or unethical practices.
  • Prepare the audit report as prescribed by the insurance company within the time allow and within NCCI and ISO rules.
  • Modify claim files upon customer request using proprietary software under strict HIPAA guidelines.
  • Provide contract audit services to monitor the field sales force compliance with internal policies on promotional spending on healthcare providers.
  • Audit paperwork to ensure products are produced within company and FDA specification.
  • Develop and implement the recovery audit program for post-payment audit of dental Medicaid programs.
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Audit specialist example responsibilities.

  • Manage vendor billing disputes for southwestern region from initiation to documentation of resolution while ensuring compliance with SOX guidelines.
  • Work with department analyst to create measurement tools and methods for communicating results and managing QA analysis in compiling/reporting results.
  • Review and verify the submitted documentation for completeness to verify the company is in compliance with Sarbanes-Oxley (SOX).
  • Coordinate delivery of mortgage back securities with internal and external stakeholders.
  • Monitor and maintain automated report generation and distribution via Cognos NoticeCast.
  • Prepare monthly incentive payment and quarterly incentive bonus data for payroll department.
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Insurance auditor vs audit specialist skills

Common insurance auditor skills
  • Workers Compensation, 13%
  • General Liability Policies, 7%
  • ISO, 6%
  • Audit Reports, 6%
  • Ncci, 5%
  • Customer Service, 5%
Common audit specialist skills
  • Audit Reports, 11%
  • Patients, 8%
  • Customer Service, 7%
  • Internal Audit, 6%
  • Audit Findings, 5%
  • Process Improvement, 4%

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