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Reinsurance claims analyst vs claims analyst

The differences between reinsurance claims analysts and claims analysts 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 claims analyst. Additionally, a reinsurance claims analyst has an average salary of $92,324, which is higher than the $48,398 average annual salary of a claims analyst.

The top three skills for a reinsurance claims analyst include data analysis, surety and client accounts. The most important skills for a claims analyst are customer service, medical terminology, and CPT.

Reinsurance claims analyst vs claims analyst overview

Reinsurance Claims AnalystClaims Analyst
Yearly salary$92,324$48,398
Hourly rate$44.39$23.27
Growth rate-6%-6%
Number of jobs18,83322,062
Job satisfaction--
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 52%
Average age4444
Years of experience66

Reinsurance claims analyst vs claims analyst salary

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

Reinsurance Claims AnalystClaims Analyst
Average salary$92,324$48,398
Salary rangeBetween $64,000 And $132,000Between $29,000 And $78,000
Highest paying CitySan Francisco, CATrenton, NJ
Highest paying stateWashingtonNew Jersey
Best paying companyCNA InsuranceGoogle
Best paying industryFinance-

Differences between reinsurance claims analyst and claims analyst education

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

Reinsurance Claims AnalystClaims Analyst
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaStanford University

Reinsurance claims analyst vs claims analyst demographics

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

Reinsurance Claims AnalystClaims Analyst
Average age4444
Gender ratioMale, 38.0% Female, 62.0%Male, 27.6% Female, 72.4%
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, 11.3% Unknown, 4.4% Hispanic or Latino, 16.4% Asian, 5.1% White, 62.3% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between reinsurance claims analyst and claims analyst 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

Claims analyst example responsibilities.

  • Help managed meetings regarding decision making on CMS regulations.
  • Process UB's and HCFA's according to guidelines.
  • Analyze and investigate medical claims utilizing ICD-9 and CPT-4 coding.
  • Review claims (HCFA and UB) for accurate billing submission.
  • Interpret medical reports to apply appropriate ICD-9, CPT-4 and HCPCS codes for member submit claims.
  • Acquire biometrics and perform phlebotomy.
  • Show more

Reinsurance claims analyst vs claims analyst skills

Common reinsurance claims analyst skills
  • Data Analysis, 47%
  • Surety, 13%
  • Client Accounts, 7%
  • Reconciliations, 4%
  • Reinsurance Contracts, 4%
  • Financial Reports, 4%
Common claims analyst skills
  • Customer Service, 14%
  • Medical Terminology, 5%
  • CPT, 5%
  • Process Claims, 5%
  • Medicaid, 5%
  • Data Entry, 5%

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