Insurance auditor vs internal auditor

The differences between insurance auditors and internal auditors can be seen in a few details. Each job has different responsibilities and duties. Additionally, an internal auditor has an average salary of $63,013, 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 auditor are CPA, risk management, and SOX.

Insurance auditor vs internal auditor overview

	Insurance Auditor	Internal Auditor
Yearly salary	$49,477	$63,013
Hourly rate	$23.79	$30.29
Growth rate	6%	6%
Number of jobs	54,042	25,571
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 53%	Bachelor's Degree, 75%
Average age	44	44
Years of experience	-	-

Insurance auditor vs internal auditor salary

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

	Insurance Auditor	Internal Auditor
Average salary	$49,477	$63,013
Salary range	Between $28,000 And $84,000	Between $45,000 And $86,000
Highest paying City	-	Washington, DC
Highest paying state	-	New York
Best paying company	-	Meta
Best paying industry	-	Manufacturing

Differences between insurance auditor and internal auditor education

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

	Insurance Auditor	Internal Auditor
Most common degree	Bachelor's Degree, 53%	Bachelor's Degree, 75%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Insurance auditor vs internal auditor demographics

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

	Insurance Auditor	Internal Auditor
Average age	44	44
Gender ratio	Male, 36.0% Female, 64.0%	Male, 54.6% Female, 45.4%
Race ratio	Black 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, 8.6% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 12.9% White, 63.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between insurance auditor and internal 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.

Internal auditor example responsibilities.

Manage and coordinate annual external business evaluation in conjunction with CPA consultants.
Work with department analyst to create measurement tools and methods for communicating results and managing QA analysis in compiling/reporting results.
Conduct complex performance audits, fraud investigations, special projects and routine follow-up reviews in accordance with IIA standards.
Perform tests of critical controls in compliance with Sarbanes-Oxley legislation and report results utilizing company compliance tool to validate SOX checklist.
Develop company FDA policy & procedures for liquid oxygen small bulk delivery vessels.
Perform planning, compliance testing, substantive analysis and testing in accordance with GAAS.

Insurance auditor vs internal auditor skills

Common insurance auditor skills

Workers Compensation, 13%
General Liability Policies, 7%
ISO, 6%
Audit Reports, 6%
Ncci, 5%
Customer Service, 5%

Common internal auditor skills

CPA, 8%
Risk Management, 5%
SOX, 5%
Audit Findings, 5%
Audit Procedures, 5%
Internal Audit Function, 5%