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Loss control representative hiring summary. Here are some key points about hiring loss control representatives in the United States:
Here's a step-by-step loss control representative hiring guide:
A loss control representative is responsible for inspecting and preparing reports for the purpose of insurance underwriting. As a loss control representative, you will communicate with both prospective clients and the insured. You will be responsible for developing plans to minimize the probability of loss. Other duties that you will perform include providing loss control support to agents and identifying hazards with insured accounts to prevent injury. Additionally, you are also responsible for complying with local, state, and, federal safety regulations.
First, determine the employments status of the loss control representative you need to hire. Certain loss control representative roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
A loss control representative's background is also an important factor in determining whether they'll be a good fit for the position. For example, loss control representatives from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list presents loss control representative salaries for various positions.
| Type of Loss Control Representative | Description | Hourly rate |
|---|---|---|
| Loss Control Representative | $13-49 | |
| Regional Loss Prevention Manager | The key role of a Regional Loss Prevention Manager is to protect company assets and improve profitability through developing and implementing security and safety programs. They also conduct and deliver in-store training programs to the personnel. | $28-63 |
| District Loss Prevention Manager | A district loss prevention manager is in charge of developing and implementing security protocols to prevent theft, fraud, and other criminal activities in an establishment. They typically perform research and assessments to identify the strengths and weaknesses of a company's security systems, creating strategies to solve potential issues or existing problems in an effort to protect the company's assets... Show more | $27-62 |
Including a salary range in the loss control representative job description is a good way to get more applicants. A loss control representative salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for a loss control representative in Missouri may be lower than in Connecticut, and an entry-level engineer typically earns less than a senior-level loss control representative. Additionally, a loss control representative with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Connecticut | $91,217 | $44 |
| 2 | Massachusetts | $82,706 | $40 |
| 3 | New York | $79,368 | $38 |
| 4 | Virginia | $78,915 | $38 |
| 5 | California | $75,193 | $36 |
| 6 | Vermont | $73,249 | $35 |
| 7 | New Mexico | $69,240 | $33 |
| 8 | District of Columbia | $68,992 | $33 |
| 9 | Texas | $68,298 | $33 |
| 10 | Utah | $66,568 | $32 |
| 11 | Arizona | $65,946 | $32 |
| 12 | North Carolina | $65,422 | $31 |
| 13 | Mississippi | $64,279 | $31 |
| 14 | Washington | $64,189 | $31 |
| 15 | Michigan | $63,355 | $30 |
| 16 | Wisconsin | $62,811 | $30 |
| 17 | Indiana | $61,560 | $30 |
| 18 | Arkansas | $61,443 | $30 |
| 19 | Louisiana | $60,183 | $29 |
| 20 | Florida | $59,618 | $29 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | AIG | $128,666 | $61.86 | 4 |
| 2 | W. R. Berkley | $99,077 | $47.63 | 1 |
| 3 | Pomona Valley Hospital Medical Center | $83,727 | $40.25 | |
| 4 | Chubb | $76,936 | $36.99 | 8 |
| 5 | BERKLEY TECHNOLOGY SERVICES | $71,515 | $34.38 | 2 |
| 6 | Westfield Bank | $69,858 | $33.59 | |
| 7 | Polk County Sheriff's Office | $67,012 | $32.22 | 1 |
| 8 | SS&C Technologies | $62,904 | $30.24 | |
| 9 | United States Army Corps of Engineers | $57,702 | $27.74 | |
| 10 | Acuity Insurance | $55,939 | $26.89 | 5 |
| 11 | West Bend Mutual Insurance | $54,591 | $26.25 | |
| 12 | General Services Corporation | $53,875 | $25.90 | |
| 13 | Huntington Ingalls Industries | $53,875 | $25.90 | 15 |
| 14 | Antares Inc | $53,875 | $25.90 | 2 |
| 15 | U.s. Coast Guard | $53,838 | $25.88 | |
| 16 | UPS | $52,896 | $25.43 | 2 |
| 17 | BAE Systems | $51,834 | $24.92 | 28 |
| 18 | Webster Bank | $51,353 | $24.69 | |
| 19 | Stcu | $49,134 | $23.62 | 2 |
| 20 | TRU | $49,088 | $23.60 |
A loss control representative job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of a loss control representative job description:
There are various strategies that you can use to find the right loss control representative for your business:
Your first interview with loss control representative candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've found the loss control representative candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Before you start to hire loss control representatives, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire loss control representatives pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
The median annual salary for loss control representatives is $54,279 in the US. However, the cost of loss control representative hiring can vary a lot depending on location. Additionally, hiring a loss control representative for contract work or on a per-project basis typically costs between $13 and $49 an hour.