Chief Loss Control Officer Skills & Competencies

Sample Manager's Guide: Chief Loss Control Officer

The Manager's Guide to the Chief Loss Control Officer Role

This Manager's Guide includes:

  • The complete set of 44 Competencies expected from the role
  • 189 Interview questions for determining a candidate's skill level in each of 44 Competencies
  • 201 Coaching tips for helping incumbent to advance their skills in each of the 44 Competencies
  • 199 Development goals to help measure incumbents' progress in each of the 44 Competencies
  • 489 Recommended resources for progressing education in each of the 44 Competencies
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Roles and Responsibilites

The primary responsibility of the Chief Loss Control Officer is surveying and analyzing exposures to loss; developing loss prevention programs and recommending coverage conditions.

The Chief Loss Control Officer establishes strategies, rules and standards for loss control operations and leads the loss control/risk engineering function throughout the company.

A typical job description for the Chief Loss Control Officer role may include:

  • Directs and plans the safety programs for the insured clients.
  • Ensures professional and efficient loss control services to meet needs of the clients.
  • Interacts with management and other departments for a variety of resources on all loss control issues.
  • Stays abreast of any changes to laws and regulations pertaining to loss control and makes recommendations to top management.
  • Requires a bachelor's degree with at least 10 years of experience in the field.
  • Familiar with a variety of the field's concepts, practices, and procedures.
  • Relies on extensive experience and judgment to plan and accomplish goals.
  • Performs a variety of tasks.
  • Leads and directs the work of others.
  • A wide degree of creativity and latitude is expected.
  • Typically reports to top management. .. purchase to view all

Organizational Role

The Chief Loss Control Officer typically serves as member of senior management. As such, the Chief Loss Control Officer provides strategy formulation. The organization will depend on this person's vision implementation. The Chief Loss Control Officer generally is responsible for operational responsibility. As such, the Chief Loss Control Officer provides cost and risk management. The organization will depend on this person's enterprise view. .. purchase to view all

Chief Loss Control Officer Job Responsibilities

The Chief Loss Control Officer generally has the following responsibilities:

  • Leading and implementing the corporate philosophy with regards to loss control and risk engineering; ensuring consistency with legal and regulatory requirements, corporate financial goals and customer service needs.
  • Directing Loss Control Department operations, policies and procedures; aligning them with the needs of other departments within the organization.
  • Providing consultation in designing strategic product development procedures and underwriting policies.
  • Mentoring and planning professional development for senior members of the Loss Control Department. .. purchase to view all

Chief Loss Control Officer Competencies

The complete Chief Loss Control Officer Manager's Guide includes the 44 key competencies expected of Chief Loss Control Officer. The report defines each Competency in detail. The report also explains what level of proficiency Chief Loss Control Officer should have in that Competency, as well as how important that Competency is to performing the role well.

Among the 44 Competencies for Chief Loss Control Officer is... purchase to view all

Actuarial Function

You may observe several behaviors in a person that could be strong indicators of his or her capabilities in the Actuarial Function competency. The Chief Loss Control Officer is expected to demonstrate Subject matter depth and breadth in the Actuarial Function competency. To demonstrate Subject matter depth and breadth in the Actuarial Function competency, one should demonstrate knowledge of the major responsibilities, accountability, and organization of the actuarial function or department This person should have the ability to manage actuarial tasks and activities in high quality standards.

  • Designs and implements strategies and policies for the actuary function.
  • Leads in predictive analyses on market conditions in insurance industry.
  • Advocates the development of new technologies and tools for the actuary function.
  • Predicts the future trends and developments for the actuary function or unit.
  • Mentors others in the future development decisions based on statistical analyses.
  • Leads discussions on loss reserving, IBNR determination and future valuation of complex instruments. .. purchase to view all

Loss Control/Risk Engineering Skills & Competencies

Available Manager's Guides for Loss Control/Risk Engineering Roles