Insurance auditor vs inventory auditor

The differences between insurance auditors and inventory auditors can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance auditor has an average salary of $49,477, which is higher than the $33,666 average annual salary of an inventory auditor.

The top three skills for an insurance auditor include workers compensation, general liability policies and ISO. The most important skills for an inventory auditor are customer service, basic math, and sales floor.

Insurance auditor vs inventory auditor overview

	Insurance Auditor	Inventory Auditor
Yearly salary	$49,477	$33,666
Hourly rate	$23.79	$16.19
Growth rate	6%	6%
Number of jobs	54,042	37,887
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 53%	Bachelor's Degree, 38%
Average age	44	44
Years of experience	-	-

Insurance auditor vs inventory auditor salary

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

	Insurance Auditor	Inventory Auditor
Average salary	$49,477	$33,666
Salary range	Between $28,000 And $84,000	Between $26,000 And $42,000
Highest paying City	-	New York, NY
Highest paying state	-	Alaska
Best paying company	-	BD
Best paying industry	-	Technology

Differences between insurance auditor and inventory auditor education

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

	Insurance Auditor	Inventory Auditor
Most common degree	Bachelor's Degree, 53%	Bachelor's Degree, 38%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Insurance auditor vs inventory auditor demographics

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

	Insurance Auditor	Inventory Auditor
Average age	44	44
Gender ratio	Male, 36.0% Female, 64.0%	Male, 53.3% Female, 46.7%
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, 8.7% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 12.2% White, 63.7% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between insurance auditor and inventory 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.

Inventory auditor example responsibilities.

Manage the collection, analysis and verification of managerial payroll information to detect fraud and/or unethical practices.
Process price adjustments, correct inventory in the AS400 system.
Perform research in WMS, and report problem and perform final confirmation of correction.
Perform daily warehouse audits using AS400 verifying product quantity, location, and shipping information.
Travel to different stores and take account of store's inventory using a microcomputer and a RF scanner.
Inventory merchandise with the use of the RF system, audit trailers, investigate and communicate discrepancies and cycle count merchandise.

Insurance auditor vs inventory auditor skills

Common insurance auditor skills

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

Common inventory auditor skills

Customer Service, 22%
Basic Math, 20%
Sales Floor, 7%
Inventory Audits, 7%
Computer Data, 6%
Organizational Effectiveness, 6%