Large corporations generally carry a substantial amount of insurance to protect themselves in cases of liability, criminal activity and catastrophic accidents. Senior loss control specialists works for insurance companies that provide this insurance for these corporations. These professionals are responsible for observing and reporting on the various aspects of these business policy holders' operations. He or she typically provides both the insured and the insurance company with a list of controllable risks and ways they can be mitigated; this risk assessment helps the insurance company determine the needed premium and provides companies with potential ways to reduce these fees.
Senior loss control specialists often lead a small team that may include other investigators and/or junior loss control personnel, as well as administrative staff. This team assesses risks based upon a variety of factors, such as employee exposure to potential danger on the job, regular risks of theft that may be present and potential avoidable damage due to fires, severe weather or other conditions. The senior loss control specialist uses this information to create reports and recommendations.
Senior loss control specialists must have substantial risk control and assessment experience related to insurance. At least a bachelor's degree in occupational health and safety, engineering or another relevant field is typically needed as well. Senior loss specialists generally split their time between office work related to information analysis and reporting and field work involving observation and collecting information. These professionals generally work during regular business hours, although travel and other commitments may require additional and/or alternative hours.
Senior Loss Control Specialist Tasks
Conduct loss analysis and research, making recommendations to reduce losses and hazards.
Select laboratories and vendors to perform analyses, then interpret the results.
Write and submit reports on current state, recommendations, and violations.
Visit sites and conduct investigations to document safety, hygiene, and health problems.