What does a loss control consultant do?

Updated January 8, 2025

7 min read

A loss control consultant will usually work for an insurance company, a private agency, or as an independent consultant firm. They could also be referred to as an LLC. The main role is to survey businesses for property or casualty concerning worker's compensation, automobiles, and liability in general. They identify potential exposures to loss and how a business can avoid this loss. These professionals find ways to protect employees from injuries, loss of products due to shoplifting, or avoiding financial liability related to accidents.

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Loss control consultant responsibilities

Here are examples of responsibilities from real loss control consultant resumes:

Manage disposition of REO's from acquisition to close of sale.
Evaluate existing written programs, quality of safety training and documentation provide, and evaluate compliance with OSHA performance orientate standards.
Perform loan modifications along with underwriters, establish deeds in lieu as well as short sales, and schedule sheriff sales.
Interact with offshore accounting team to ensure accurate monthly reconciliations and produce financial statements.
Enforce QA process to ensure company secure against FDCPA violations.
Approve or decline short sale offers for the investors on REO properties.
Maintain surveillance equipment and CCTV and develop a good working relationship with local law enforcement.
Patrol interior /exterior and common areas ensuring all meeting rooms are lock and audiovisual equipment is secured.
Develop, coach, counsel, staff to work within internal policy and procedure while remaining FDCPA compliant.
Assist clients in pursuit of modification, short sale, deed in lieu, and other options for delinquent borrowers.
Review CCTV surveillance covering company assets.
Perform patrol procedures and provide security for large functions.
Conduct hazard identification surveys and OSHA compliance audits for loss prevention and underwriting purposes.
Create an office manual with instructions for each procedure and implement general ledger account reconciliations ,
Monitor third party collection agencies for recovery of charge off loans, repossession companies foreclosure attorneys.

Loss control consultant skills and personality traits

We calculated that 15% of Loss Control Consultants are proficient in Safety Issues, Safety Practices, and Workers Compensation. They’re also known for soft skills such as Ability to use technology, Detail oriented, and Physical stamina.

We break down the percentage of Loss Control Consultants that have these skills listed on their resume here:

Safety Issues, 15%
Determined if risk was suitable to continue insuring or if risk should not be insured unless safety issues were corrected.
Safety Practices, 14%
Conduct on-site loss control services to evaluate the physical conditions, safety practices, and potential for injury.
Workers Compensation, 13%
Investigate primary causes of workers compensation accidents and make recommendations to employers on correcting or preventing future injuries or occurrences.
Risk Assessments, 10%
Conducted insurance and risk assessments to determine eligibility qualifications into the self-insured workers' compensation and general liability programs.
Business Operations, 10%
Performed Commercial Insurance risk analysis/ loss control field surveys in many varying business operations.
General Liability, 9%
Audit financial records to determine insurance premium verification for General Liability and Worker s Compensation insurance policies.

Common skills that a loss control consultant uses to do their job include "safety issues," "safety practices," and "workers compensation." You can find details on the most important loss control consultant responsibilities below.

Ability to use technology. One of the key soft skills for a loss control consultant to have is ability to use technology. You can see how this relates to what loss control consultants do because "occupational health and safety specialists and technicians must be able to use advanced technology." Additionally, a loss control consultant resume shows how loss control consultants use ability to use technology: "performed property surveys to assess fire and natcat exposures and protection levels and prepared reports for account engineers and underwriters. "

Detail oriented. Many loss control consultant duties rely on detail oriented. "occupational health and safety specialists and technicians need to understand and follow safety standards and complex government regulations.," so a loss control consultant will need this skill often in their role. This resume example is just one of many ways loss control consultant responsibilities rely on detail oriented: "conducted detailed site surveys and account analyses. "

Physical stamina. loss control consultants are also known for physical stamina, which are critical to their duties. You can see how this skill relates to loss control consultant responsibilities, because "occupational health and safety specialists and technicians must be able to stand for long periods and be able to travel regularly." A loss control consultant resume example shows how physical stamina is used in the workplace: "provided accident reviews and analysis, physical surveys and safety/loss control programs to reduce potential exposures. "

Communication skills. For certain loss control consultant responsibilities to be completed, the job requires competence in "communication skills." The day-to-day duties of a loss control consultant rely on this skill, as "occupational health and safety specialists and technicians must be able to communicate safety instructions and concerns to employees and managers." For example, this snippet was taken directly from a resume about how this skill applies to what loss control consultants do: "experience handling property surveys good communication and exceptional writing skills. "

Problem-solving skills. Another crucial skill for a loss control consultant to carry out their responsibilities is "problem-solving skills." A big part of what loss control consultants relies on this skill, since "occupational health and safety specialists and technicians must be able to solve problems in order to design and implement workplace processes and procedures that help protect workers from hazardous conditions." How this skill relates to loss control consultant duties can be seen in an example from a loss control consultant resume snippet: "evaluated access control systems for implementation of a college wide access control solution over several campuses. "

All loss control consultant skills

The three companies that hire the most loss control consultants are:

EXL120 loss control consultants jobs
West Bend Mutual Insurance12 loss control consultants jobs
RGP
9 loss control consultants jobs

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Compare different loss control consultants

Loss control consultant vs. Senior manager, asset protection

The loss prevention director's role is to safeguard company assets by continuously maintaining and improving store profitability by implementing and developing security and safety programs for employees and customers. Typically, they manage a retail store's inventory loss due to shoplifting, cash handling theft, error, or any fraudulent activity. They concentrate on shoplifting, vandalism, robbery, burglary, and counterfeiting, and store safety. Moreover, it is their job to investigate, resolving alleged and actual theft through coordinating with management and government organizations to act legally.

If we compare the average loss control consultant annual salary with that of a senior manager, asset protection, we find that senior managers, asset protection typically earn a $4,856 lower salary than loss control consultants make annually.

While similarities exist, there are also some differences between loss control consultants and senior manager, asset protection. For instance, loss control consultant responsibilities require skills such as "safety issues," "safety practices," "workers compensation," and "risk assessments." Whereas a senior manager, asset protection is skilled in "lpc," "cctv," "store management," and "incident response." This is part of what separates the two careers.

The education levels that senior managers, asset protection earn slightly differ from loss control consultants. In particular, senior managers, asset protection are 12.6% more likely to graduate with a Master's Degree than a loss control consultant. Additionally, they're 4.0% more likely to earn a Doctoral Degree.

Learn more about loss control consultants vs director-loss preventions.

Loss control consultant vs. Market asset protection manager

On average, market asset protection managers earn a $2,448 higher salary than loss control consultants a year.Only some things about these jobs are the same. Take their skills, for example. Loss control consultants and market asset protection managers both require similar skills like "osha," "fire protection," and "hr" to carry out their responsibilities.

Each career also uses different skills, according to real loss control consultant resumes. While loss control consultant responsibilities can utilize skills like "safety issues," "safety practices," "workers compensation," and "risk assessments," market asset protection managers use skills like "law enforcement," "loss prevention," "identify risks," and "direct reports."

In general, market asset protection managers achieve lower levels of education than loss control consultants. They're 7.6% less likely to obtain a Master's Degree while being 4.0% less likely to earn a Doctoral Degree.

Loss control consultant vs. Director-loss prevention

An average director-loss prevention eans a higher salary compared to the average salary of loss control consultants. The difference in salaries amounts to directors-loss prevention earning a $8,623 higher average salary than loss control consultants.By looking over several loss control consultants and directors-loss prevention resumes, we found that both roles require similar skills in their day-to-day duties, such as "risk management," "osha," and "loss control." But beyond that, the careers look very different.

The required skills of the two careers differ considerably. For example, loss control consultants are more likely to have skills like "safety issues," "safety practices," "workers compensation," and "risk assessments." But a director-loss prevention is more likely to have skills like "infection prevention," "criminal justice," "cpr," and "human resources."

Directors-loss prevention typically earn similar educational levels compared to loss control consultants. Specifically, they're 0.3% more likely to graduate with a Master's Degree, and 1.1% more likely to earn a Doctoral Degree.

Loss control consultant vs. Logistics loss prevention manager

Logistics loss prevention managers typically earn higher pay than loss control consultants. On average, logistics loss prevention managers earn a $2,413 higher salary per year.Each job also requires different skills to carry out their responsibilities. A loss control consultant uses "safety issues," "safety practices," "workers compensation," and "risk assessments." Logistics loss prevention managers are more likely to have duties that require skills in "loss prevention," "safety program," "supply chain," and "check audits. "In general, logistics loss prevention managers hold similar degree levels compared to loss control consultants. Logistics loss prevention managers are 2.2% more likely to earn their Master's Degree and 0.8% less likely to graduate with a Doctoral Degree.

Types of loss control consultant

Updated January 8, 2025

Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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