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Participant service representative vs finance service representative

The differences between participant service representatives and finance service representatives can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become a participant service representative, becoming a finance service representative takes usually requires 2-4 years. Additionally, a finance service representative has an average salary of $38,361, which is higher than the $32,368 average annual salary of a participant service representative.

The top three skills for a participant service representative include quality customer service, inbound calls and outbound calls. The most important skills for a finance service representative are financial services, patients, and team-oriented environment.

Participant service representative vs finance service representative overview

Participant Service RepresentativeFinance Service Representative
Yearly salary$32,368$38,361
Hourly rate$15.56$18.44
Growth rate-4%10%
Number of jobs114,730220,519
Job satisfaction--
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 60%
Average age4043
Years of experience124

Participant service representative vs finance service representative salary

Participant service representatives and finance service representatives have different pay scales, as shown below.

Participant Service RepresentativeFinance Service Representative
Average salary$32,368$38,361
Salary rangeBetween $26,000 And $38,000Between $25,000 And $58,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Bloomberg
Best paying industry-Government

Differences between participant service representative and finance service representative education

There are a few differences between a participant service representative and a finance service representative in terms of educational background:

Participant Service RepresentativeFinance Service Representative
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 60%
Most common majorBusinessBusiness
Most common college-University of Pennsylvania

Participant service representative vs finance service representative demographics

Here are the differences between participant service representatives' and finance service representatives' demographics:

Participant Service RepresentativeFinance Service Representative
Average age4043
Gender ratioMale, 41.1% Female, 58.9%Male, 41.2% Female, 58.8%
Race ratioBlack or African American, 11.0% Unknown, 5.1% Hispanic or Latino, 19.5% Asian, 7.1% White, 56.7% American Indian and Alaska Native, 0.6%Black or African American, 5.7% Unknown, 4.1% Hispanic or Latino, 11.9% Asian, 10.1% White, 67.9% American Indian and Alaska Native, 0.2%
LGBT Percentage7%6%

Differences between participant service representative and finance service representative duties and responsibilities

Participant service representative example responsibilities.

  • Educate veterans and the college community on veteran's benefits and academic requirements need to accomplish academic goals.
  • Educate employees in the FMLA process.
  • Answer questions in regards to FMLA and payroll.
  • Act as primary liaison between AVP and assign key clientele.
  • Supervise multiple medical orders for largest AVP corporate account on a daily basis via telephone, fax and email.
  • Submit insurance claims; review and problem-solve return, dispute, or reject claims from Medicare and other third-party payers.
  • Show more

Finance service representative example responsibilities.

  • Manage correspondent services including but not limit to wire processing, coin and currency, ACH support and international payments.
  • Gain excellent customer service skills and achieve award for completing voluntary MSR exams.1
  • Manage client relationship by presenting solutions for customers state and unstate needs while cross-selling company products.
  • Maintain cleanliness and presentation of member service area and marketing information.
  • Originate and develop new business through effective profiling, relationship building, consultative customer service in a retail banking environment.
  • Count upon for accuracy and math skills.
  • Show more

Participant service representative vs finance service representative skills

Common participant service representative skills
  • Quality Customer Service, 12%
  • Inbound Calls, 12%
  • Outbound Calls, 10%
  • Participant Inquiries, 6%
  • Assist Human Resources, 5%
  • Open Enrollment, 4%
Common finance service representative skills
  • Financial Services, 15%
  • Patients, 8%
  • Team-Oriented Environment, 7%
  • Mutual Funds, 4%
  • Financial Products, 4%
  • Customer Service, 3%

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