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Insurance auditor vs internal audit manager

The differences between insurance auditors and internal audit managers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an internal audit manager has an average salary of $106,222, 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 internal audit manager are internal controls, risk management, and audit reports.

Insurance auditor vs internal audit manager overview

Insurance AuditorInternal Audit Manager
Yearly salary$49,477$106,222
Hourly rate$23.79$51.07
Growth rate6%6%
Number of jobs54,04228,405
Job satisfaction--
Most common degreeBachelor's Degree, 53%Bachelor's Degree, 75%
Average age4444
Years of experience--

Insurance auditor vs internal audit manager salary

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

Insurance AuditorInternal Audit Manager
Average salary$49,477$106,222
Salary rangeBetween $28,000 And $84,000Between $74,000 And $151,000
Highest paying City-San Francisco, CA
Highest paying state-California
Best paying company-Citi
Best paying industry-Finance

Differences between insurance auditor and internal audit manager education

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

Insurance AuditorInternal Audit Manager
Most common degreeBachelor's Degree, 53%Bachelor's Degree, 75%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Insurance auditor vs internal audit manager demographics

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

Insurance AuditorInternal Audit Manager
Average age4444
Gender ratioMale, 36.0% Female, 64.0%Male, 70.1% Female, 29.9%
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, 12.9% White, 63.3% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between insurance auditor and internal audit manager 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

Internal audit manager example responsibilities.

  • Manage financial reconciliation, bill pay, and budgeting using Quickbooks.
  • Manage and coordinate annual external business evaluation in conjunction with CPA consultants.
  • Define metrics to determine ROI of programs.
  • Assist external CPA firm with annual financial statement audits.
  • Provide oversight and monitoring of provision accounts, fee waivers, and reps and warranties.
  • Provide oversight and expertise for internal investigators.
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Insurance auditor vs internal audit manager skills

Common insurance auditor skills
  • Workers Compensation, 13%
  • General Liability Policies, 7%
  • ISO, 6%
  • Audit Reports, 6%
  • Ncci, 5%
  • Customer Service, 5%
Common internal audit manager skills
  • Internal Controls, 11%
  • Risk Management, 8%
  • Audit Reports, 8%
  • SOX, 5%
  • Audit Procedures, 4%
  • Ethics, 4%

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