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Insurance auditor vs compliance auditor

The differences between insurance auditors and compliance auditors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a compliance auditor has an average salary of $64,606, 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 a compliance auditor are audit findings, compliance audits, and audit reports.

Insurance auditor vs compliance auditor overview

Insurance AuditorCompliance Auditor
Yearly salary$49,477$64,606
Hourly rate$23.79$31.06
Growth rate6%6%
Number of jobs54,04233,704
Job satisfaction--
Most common degreeBachelor's Degree, 53%Bachelor's Degree, 63%
Average age4444
Years of experience--

Insurance auditor vs compliance auditor salary

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

Insurance AuditorCompliance Auditor
Average salary$49,477$64,606
Salary rangeBetween $28,000 And $84,000Between $45,000 And $92,000
Highest paying City-New York, NY
Highest paying state-New Jersey
Best paying company-PayPal
Best paying industry-Finance

Differences between insurance auditor and compliance auditor education

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

Insurance AuditorCompliance Auditor
Most common degreeBachelor's Degree, 53%Bachelor's Degree, 63%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Insurance auditor vs compliance auditor demographics

Here are the differences between insurance auditors' and compliance auditors' demographics:

Insurance AuditorCompliance Auditor
Average age4444
Gender ratioMale, 36.0% Female, 64.0%Male, 38.9% Female, 61.1%
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, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 12.2% White, 64.1% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between insurance auditor and compliance auditor 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.
  • Show more

Compliance auditor example responsibilities.

  • Work with department analyst to create measurement tools and methods for communicating results and managing QA analysis in compiling/reporting results.
  • Identify any issues that do not conform to CFR, ICH guidelines and corporate expectations.
  • Research HIPAA information from CMS website in order to determine correct revisions for policies and procedures and develop company-wide communications.
  • Coordinate team meetings, maintain calendars, support team with PowerPoint presentations.
  • Prepare and perform in-house presentations (both in person and using JoinMe) using PowerPoint.
  • Evaluate the level of compliance with company policy, GAAP, contract requirements and applicable rules and regulations.
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Insurance auditor vs compliance auditor skills

Common insurance auditor skills
  • Workers Compensation, 13%
  • General Liability Policies, 7%
  • ISO, 6%
  • Audit Reports, 6%
  • Ncci, 5%
  • Customer Service, 5%
Common compliance auditor skills
  • Audit Findings, 7%
  • Compliance Audits, 7%
  • Audit Reports, 6%
  • Audit Results, 4%
  • CPT, 4%
  • Compliance Program, 4%

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