Risk management coordinators have a range of goals and tasks, but are primarily responsible for minimizing both risks and losses for their organizations, ranging from cash flow to property and personnel.
Risk management coordinators are tasked with identifying and addressing potential problems for a company's safety or insurance, as litigation may eventually be necessary for companies which do not employ these coordinators. Risk management coordinators must take all necessary steps to reduce and mitigate risks to the company, and their daily duties may also include inspecting various working conditions, reading and interpreting codes and legal requirements for the company, surveying clients, filing workers compensation claims, and negotiating with workers regarding unions, pay, and working conditions. They must also ensure that no fraudulent activity is occurring within the company and take the proper legal steps to address any such fraud. A bachelor's degree in a financial field and prior experience as a loss specialist are generally required for this position.
Risk Management Coordinator Tasks
Manage all claims and investigate incidents, analyzing viability and risk and providing solutions to minimize exposure.
Assist legal counsel and act as a representative of the company during litigation.
Conduct safety training programs and inspections to ensure staff and customers abide policies and standards.
Update and implement risk management policies and safety standards.