Risk Control Consultant Salary
Earnings for Risk Control Consultants in the United States come in at around $73K per year on average. Experience level and the particular city each impact pay for this group, with the former having the largest influence. Job satisfaction is high and work is enjoyable for most Risk Control Consultants. A large number receive medical and dental insurance and a fair number get vision insurance. This report is based on responses to the PayScale salary survey.
|Salary||$54,017 - $99,752|
|Bonus||$970 - $12,365|
|Total Pay (||$54,692 - $105,152|
Job Description for Risk Control Consultant
Risk control consultants generally work for insurance companies, though experienced consultants may work independently and serve multiple insurance companies. These consultants must be thoroughly knowledgeable of risk management and loss control technical disciplines and should have, or be willing to obtain, professional designations such as associate in risk management (ARM) and other safety-related designations.Read More...
A bachelor’s degree in accounting, finance, business management, or risk management is generally required for this position, though some employers may accept candidates who have significant work experience in risk management and/or loss control. Strong computer skills and proficiency in Microsoft Office (Word, Excel, Outlook, Powerpoint) are also required, as risk control consultants are expected to use automated tools and computer technology to perform their duties. They must also be willing to travel by air, car, or rail, and overnight travel is often necessary.
Risk control consultants must have good customer service and interpersonal skills, as well as analytical skills and excellent oral and written communication. The ability to speak two languages, such as English and Spanish, is highly beneficial for applicants. Aspiring risk control consultants should also be physically fit, as they are often required to access elevated locations when performing loss control surveys, and willing to work while exposed to extreme heat or cold, chemicals, electrical current, or other conditions. They may also be required to train, coach, and mentor new and junior risk control consultants.
Risk Control Consultant Tasks
- Provide support to the underwriting process by providing an overall opinion of the risk.
- Implement programs using generally accepted project management and consulting practices.
- Develop custom solutions and advise clients on best practices in risk mitigation and safety management strategies.
- Perform accident investigations and client based consultative services, including evaluations of risk management programs and safety procedures.
- Perform loss control surveys of property and casualty exposures.
Pay by Experience Level for Risk Control Consultant
Pay by Experience for a Risk Control Consultant has a positive trend. An entry-level Risk Control Consultant with less than 5 years of experience can expect to earn an average total compensation of $65,000 based on 25 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Risk Control Consultant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $73,000 based on 22 salaries. An experienced Risk Control Consultant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $82,000 based on 18 salaries. A Risk Control Consultant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $94,000 based on 16 salaries.
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Key Stats for Risk Control Consultant
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