Post job

Reinsurance claims analyst vs senior claims representative

The differences between reinsurance claims analysts and senior claims representatives 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 senior claims representative. Additionally, a reinsurance claims analyst has an average salary of $92,324, which is higher than the $54,592 average annual salary of a senior claims representative.

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

Reinsurance claims analyst vs senior claims representative overview

Reinsurance Claims AnalystSenior Claims Representative
Yearly salary$92,324$54,592
Hourly rate$44.39$26.25
Growth rate-6%-6%
Number of jobs18,83310,995
Job satisfaction--
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 75%
Average age4444
Years of experience66

Reinsurance claims analyst vs senior claims representative salary

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

Reinsurance Claims AnalystSenior Claims Representative
Average salary$92,324$54,592
Salary rangeBetween $64,000 And $132,000Between $31,000 And $94,000
Highest paying CitySan Francisco, CA-
Highest paying stateWashington-
Best paying companyCNA Insurance-
Best paying industryFinance-

Differences between reinsurance claims analyst and senior claims representative education

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

Reinsurance Claims AnalystSenior Claims Representative
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 75%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaStanford University

Reinsurance claims analyst vs senior claims representative demographics

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

Reinsurance Claims AnalystSenior Claims Representative
Average age4444
Gender ratioMale, 38.0% Female, 62.0%Male, 47.3% Female, 52.7%
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, 11.2% Unknown, 4.4% Hispanic or Latino, 16.5% Asian, 5.1% White, 62.3% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between reinsurance claims analyst and senior claims representative 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

Senior claims representative example responsibilities.

  • Conduct detailed interviews with physicians, prepare comprehensive written reports, retain defense counsel, and effectively manage the litigation process.
  • Utilize Xactimate estimating system during field inspection to properly evaluate commercial property damages.
  • Update computer generate claim file (s) with medical diagnoses, current CPT and ICD codes.
  • Analyze claims using IDC and CPT coding and negotiate settlements with attorneys, claimants, medical providers, and insureds.
  • Set up independent medical examinations, issue denials, attend arbitration hearings.
  • Coordinate and attend various mediation and arbitration hearings as well as numerous settlement hearings and conferences.
  • Show more

Reinsurance claims analyst vs senior claims representative skills

Common reinsurance claims analyst skills
  • Data Analysis, 47%
  • Surety, 13%
  • Client Accounts, 7%
  • Reconciliations, 4%
  • Reinsurance Contracts, 4%
  • Financial Reports, 4%
Common senior claims representative skills
  • Customer Service, 26%
  • Claims Handling, 14%
  • Litigation, 9%
  • Insurance Claims, 3%
  • Bodily Injury Claims, 3%
  • Automobile Claims, 3%

Browse business and financial jobs