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Reinsurance claims analyst vs claim specialist

The differences between reinsurance claims analysts and claim 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 reinsurance claims analyst and a claim specialist. Additionally, a reinsurance claims analyst has an average salary of $92,324, which is higher than the $43,164 average annual salary of a claim specialist.

The top three skills for a reinsurance claims analyst include data analysis, surety and client accounts. The most important skills for a claim specialist are customer service, litigation, and patients.

Reinsurance claims analyst vs claim specialist overview

Reinsurance Claims AnalystClaim Specialist
Yearly salary$92,324$43,164
Hourly rate$44.39$20.75
Growth rate-6%-6%
Number of jobs18,83329,505
Job satisfaction--
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 54%
Average age4444
Years of experience66

Reinsurance claims analyst vs claim specialist salary

Reinsurance claims analysts and claim specialists have different pay scales, as shown below.

Reinsurance Claims AnalystClaim Specialist
Average salary$92,324$43,164
Salary rangeBetween $64,000 And $132,000Between $27,000 And $67,000
Highest paying CitySan Francisco, CANewark, NJ
Highest paying stateWashingtonNew Jersey
Best paying companyCNA InsuranceW. R. Berkley
Best paying industryFinanceInsurance

Differences between reinsurance claims analyst and claim specialist education

There are a few differences between a reinsurance claims analyst and a claim specialist in terms of educational background:

Reinsurance Claims AnalystClaim Specialist
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 54%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaStanford University

Reinsurance claims analyst vs claim specialist demographics

Here are the differences between reinsurance claims analysts' and claim specialists' demographics:

Reinsurance Claims AnalystClaim Specialist
Average age4444
Gender ratioMale, 38.0% Female, 62.0%Male, 31.0% Female, 69.0%
Race ratioBlack or African American, 10.5% Unknown, 4.4% Hispanic or Latino, 16.4% Asian, 5.1% White, 63.0% American Indian and Alaska Native, 0.5%Black or African American, 11.4% Unknown, 4.4% Hispanic or Latino, 16.5% Asian, 5.1% White, 62.1% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between reinsurance claims analyst and claim specialist duties and responsibilities

Reinsurance claims analyst example responsibilities.

  • Help managed meetings regarding decision making on CMS regulations.
  • Conduct quarterly internal commutations SOX testing.
  • Ensure the privacy and security of protect health information per HIPPA requirements
  • Confirm general ledger shows all accounting transactions for given period and reconciliations are conduct.
  • Request and review documentation and testing in order to qualify patients for Medicare and Medicaid coverage.
  • Analyze office administration support for analysts supporting DOD projects to identify efficiency opportunities to prototype and write report of analysis findings.
  • Show more

Claim specialist example responsibilities.

  • Assist in the streamlining of EDI process to manage workflow of EDI claims.
  • Manage claims on desk, route/queues, and ECHS within specify turn-around-time parameters.
  • Manage claims, route/queues, and ECHS, within specify turn- around time parameters.
  • Investigate, manage, negotiate and resolve claims arising out of accidents involving automobile and homeowner policies.
  • Upgrade CPT-4 and ICD-9 coding procedures, staying in step with many manage care plans changing reimbursement schedules.
  • Manage expedition of appeals via problem solving and collaboration with other departments.
  • Show more

Reinsurance claims analyst vs claim specialist skills

Common reinsurance claims analyst skills
  • Data Analysis, 47%
  • Surety, 13%
  • Client Accounts, 7%
  • Reconciliations, 4%
  • Reinsurance Contracts, 4%
  • Financial Reports, 4%
Common claim specialist skills
  • Customer Service, 19%
  • Litigation, 7%
  • Patients, 5%
  • Claims Handling, 4%
  • Quality Standards, 4%
  • Excellent Organizational, 4%

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