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New business coordinator vs business specialist

The differences between new business coordinators and business specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business specialist has an average salary of $73,521, which is higher than the $39,003 average annual salary of a new business coordinator.

The top three skills for a new business coordinator include data entry, customer service and underwriting process. The most important skills for a business specialist are patients, customer service, and product knowledge.

New business coordinator vs business specialist overview

New Business CoordinatorBusiness Specialist
Yearly salary$39,003$73,521
Hourly rate$18.75$35.35
Growth rate6%4%
Number of jobs69,99895,909
Job satisfaction--
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 65%
Average age4444
Years of experience--

New business coordinator vs business specialist salary

New business coordinators and business specialists have different pay scales, as shown below.

New Business CoordinatorBusiness Specialist
Average salary$39,003$73,521
Salary rangeBetween $17,000 And $85,000Between $44,000 And $120,000
Highest paying City-Seattle, WA
Highest paying state-Washington
Best paying company-BP America Inc
Best paying industry--

Differences between new business coordinator and business specialist education

There are a few differences between a new business coordinator and a business specialist in terms of educational background:

New Business CoordinatorBusiness Specialist
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 65%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityWestern Carolina University

New business coordinator vs business specialist demographics

Here are the differences between new business coordinators' and business specialists' demographics:

New Business CoordinatorBusiness Specialist
Average age4444
Gender ratioMale, 27.8% Female, 72.2%Male, 48.1% Female, 51.9%
Race ratioBlack or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%
LGBT Percentage11%11%

Differences between new business coordinator and business specialist duties and responsibilities

New business coordinator example responsibilities.

  • Manage team negotiating rates with underwriters and oversee the entire RFP process by advancing sales leads -respond to questionnaires and proposals.
  • Manage and coordinate the workload of the release team members and are responsible for organizing and hosting all production release windows.
  • Present new attorney orientation PowerPoint and conference calls and answer all on-boarding questions.
  • Create PowerPoint decks for department presentations.
  • Support service-related duties and responsibilities as needed to include analyzing RFP materials and offering comparable plan designs.
  • Verify insurance, process payments and maintain patients records securely and handle in compliance with HIPPA privacy and security regulations.
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Business specialist example responsibilities.

  • Manage existing accounts while identifying new sources of opportunities for sales in the SME segment through cold calling and prospecting.
  • Schedule appointments for estimates for replacement windows, doors, bathroom remodels, gutter replacements, etc.
  • Contribute to product development and roll out of multiple insulation, foam, windows & siding products.
  • Analyze weekly POS data to identify product trends, additional sales opportunities, and drive sales to exceed budgets.
  • Observe strict confidentiality within HIPAA regulations.
  • Work with electronic medical records system uploading documents into patients files.
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New business coordinator vs business specialist skills

Common new business coordinator skills
  • Data Entry, 14%
  • Customer Service, 12%
  • Underwriting Process, 6%
  • Life Insurance Policies, 5%
  • Business Development, 5%
  • Insurance Carriers, 5%
Common business specialist skills
  • Patients, 16%
  • Customer Service, 14%
  • Product Knowledge, 7%
  • Power Bi, 7%
  • Data Analysis, 4%
  • Treasury, 4%

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