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
Leads and implements the corporate philosophy with regards to loss control and risk engineering; ensures consistency with legal and regulatory requirements, corporate financial goals and customer service needs.
Directs Loss Control Department operations, policies and procedures and aligns them with the needs of other departments within the organization.
Participates in designing strategic product development procedures and underwriting policies.
Provides mentoring and 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 27
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.
You may observe several behaviors in a person that could be strong indicators of his or her capabilities in the Knowledge of Insurance Operations competency. The Chief Loss Control Officer is expected to demonstrate Subject matter depth and breadth in the Knowledge of Insurance Operations competency. To demonstrate Subject matter depth and breadth in the Knowledge of Insurance Operations competency, one should demonstrate knowledge of the full spectrum of activities, practices, tools and considerations for insurance operations This person should have the ability to apply this knowledge to provide administrative support to the insurance business.
Forecasts insurance trends using knowledge learned in operations and shares these insights across the organization.
Leads teams to modify or create new insurance support processes.
Oversees support activities in several insurance areas.
Contributes to the establishment of best practices in insurance operations with senior leadership.
Designs strategies to coordinate major regulatory compliance efforts across the insurance organization.
Leads the planning and implementing of corporate structural design and process flow for insurance operations.
.. purchase to view all