Post job

Pension consultant vs verification specialist

The differences between pension consultants and verification specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a pension consultant and a verification specialist. Additionally, a pension consultant has an average salary of $74,793, which is higher than the $31,564 average annual salary of a verification specialist.

The top three skills for a pension consultant include calculation, plan administration and ERISA. The most important skills for a verification specialist are customer service, patients, and data entry.

Pension consultant vs verification specialist overview

Pension ConsultantVerification Specialist
Yearly salary$74,793$31,564
Hourly rate$35.96$15.18
Growth rate7%7%
Number of jobs6,58326,348
Job satisfaction-5
Most common degreeBachelor's Degree, 83%Bachelor's Degree, 37%
Average age4545
Years of experience66

Pension consultant vs verification specialist salary

Pension consultants and verification specialists have different pay scales, as shown below.

Pension ConsultantVerification Specialist
Average salary$74,793$31,564
Salary rangeBetween $52,000 And $106,000Between $24,000 And $41,000
Highest paying City-San Jose, CA
Highest paying state-California
Best paying company-Jacobs Engineering Group
Best paying industry-Insurance

Differences between pension consultant and verification specialist education

There are a few differences between a pension consultant and a verification specialist in terms of educational background:

Pension ConsultantVerification Specialist
Most common degreeBachelor's Degree, 83%Bachelor's Degree, 37%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Pension consultant vs verification specialist demographics

Here are the differences between pension consultants' and verification specialists' demographics:

Pension ConsultantVerification Specialist
Average age4545
Gender ratioMale, 51.7% Female, 48.3%Male, 23.9% Female, 76.1%
Race ratioBlack or African American, 10.5% Unknown, 3.7% Hispanic or Latino, 15.4% Asian, 7.9% White, 62.1% American Indian and Alaska Native, 0.4%Black or African American, 11.2% Unknown, 3.7% Hispanic or Latino, 15.2% Asian, 7.3% White, 62.3% American Indian and Alaska Native, 0.4%
LGBT Percentage9%9%

Differences between pension consultant and verification specialist duties and responsibilities

Pension consultant example responsibilities.

  • Recruit to manage key client engagements to define global strategic sourcing projects and solutions to utilize technology and advance ERP systems.
  • Research and compile documents to assist senior legal counsel specific to ERISA litigation.
  • Fast learner, note for quickly developing strong knowledge of IRS rules for insurance industry.
  • Leverage sales skills to identify customer needs and create new opportunities to transfer assets to TIAA-CREF.
  • Pioneer the Spanish initiative, in taking the first calls in Spanish for TIAA-CREF along with a small team.
  • Review court orders and relate legal documents to ensure compliance with applicable IRC provisions, ERISA, and qualify plan requirements.
  • Show more

Verification specialist example responsibilities.

  • Manage the TRICARE information program by presenting information utilizing available media, group presentations, or mailings.
  • Maintain confidentiality of all patient medical information adhering to HIPPA regulations and Medicare / Medicaid policies.
  • Verify primary insurance eligibility by phone with agents or online regarding Medicaid recipients and to determine payment responsibilities to providers.
  • Verify medical coverage and benefits to providers and members, review certain ICD9 and CPT codes.
  • Verify patient effective date of insurance, including CPT and diagnosis codes and general policy information.
  • Receive extensive training on insurance plans and types, HIPAA compliance, PatientPlus programming and other workplace relate topics.
  • Show more

Pension consultant vs verification specialist skills

Common pension consultant skills
  • Calculation, 19%
  • Plan Administration, 14%
  • ERISA, 13%
  • Government Filings, 12%
  • Plan Provisions, 11%
  • Plan Design, 10%
Common verification specialist skills
  • Customer Service, 23%
  • Patients, 18%
  • Data Entry, 13%
  • Insurance Verification, 4%
  • Medicaid, 4%
  • Verification Process, 3%

Browse business and financial jobs