Risk Control Consultant Salary
Earnings for Risk Control Consultants in the United States come in at around $73K annually on average. Career duration is the biggest factor affecting pay for this group, followed by geography. The majority of workers are highly satisfied with their job. Male Risk Control Consultants are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. In this profession, most enjoy medical and dental coverage, and a strong majority have vision insurance, as well. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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
- 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.
- Develop custom solutions and advise clients on best practices in risk mitigation and safety management strategies.
- Provide support to the underwriting process by providing an overall opinion of the risk.
- Implement programs using generally accepted project management and consulting practices.
Risk Control Consultant Job Listings
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Pay by Experience Level for Risk Control Consultant
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many Risk Control Consultants, extensive experience does not lead to significantly more money. Relatively untried employees who have fewer than five years of experience earn around $64K on average. People who have worked for five to 10 years can expect a higher median salary of $75K. Risk Control Consultants see a median salary of $88K after reaching one to two decades on the job. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $95K.