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What is a risk and insurance consultant and how to become one
A risk and insurance consultant provides advice to individuals and corporations on insurance issues. They review individual and company requirements before proposing a tailor-made cover plan. They use their business, finance, and insurance expertise to assist them in eliminating and mitigating the risks they undertake when processing insurance payouts. Risk and insurance consultants also organize surveys and prepare reports for underwriters to determine the potential financial risk for personal products and properties.
Risk and Insurance Consultants should have money management experience and be sales-oriented with excellent interpersonal skills. Since they deal with both clients and teams, they require verbal and written communication skills. They should possess good customer service skills and have the ability to convert complicated data into simple information.
Risk and Insurance Consultants usually work full time 40 hours per week from Monday to Friday between 9 and 5. Some additional work hours in the evenings and during the weekends, depending on the client's needs.
Avg. Salary $90,307
Avg. Salary $59,228
Growth rate 11%
Growth rate 0.3%
American Indian and Alaska Native 0.34%
Asian 10.00%
Black or African American 8.57%
Hispanic or Latino 9.58%
Unknown 3.87%
White 67.65%
Genderfemale 32.33%
male 67.67%
Age - 43American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 43Stress level is manageable
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is poor
6.4 - fair
Risk and insurance consultant career paths
Key steps to become a risk and insurance consultant
Explore risk and insurance consultant education requirements
Start to develop specific risk and insurance consultant skills
Skills Percentages Financial Services 7.35% Risk Assessments 6.70% Portfolio 6.32% PowerPoint 5.78% Internal Audit 4.39% Complete relevant risk and insurance consultant training and internships
Accountants spend an average of 6-12 months on post-employment, on-the-job training. New risk and insurance consultants learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a risk and insurance consultant based on U.S. Bureau of Labor Statistics data and data from real risk and insurance consultant resumes.Research risk and insurance consultant duties and responsibilities
- Manage litigation through appropriate selection of counsel, developing strategic action plans a while monitoring an active trial calendar.
- Implement the forecasting models in SAS.
- Monitor business line compliance to credit policy, exceptions to policy, underwriting standards and portfolio management.
- Identify and capture risk factors, including idiosyncratic and macroeconomic to support capital assessment, portfolio management and business decisions.
Prepare your risk and insurance consultant resume
When your background is strong enough, you can start writing your risk and insurance consultant resume.
You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a risk and insurance consultant resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.
Choose from 10+ customizable risk and insurance consultant resume templates
Build a professional risk and insurance consultant resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your risk and insurance consultant resume.
Apply for risk and insurance consultant jobs
Now it's time to start searching for a risk and insurance consultant job. Consider the tips below for a successful job search:
- Browse job boards for relevant postings
- Consult your professional network
- Reach out to companies you're interested in working for directly
- Watch out for job scams
How did you land your first risk and insurance consultant job
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Average risk and insurance consultant salary
The average risk and insurance consultant salary in the United States is $90,307 per year or $43 per hour. Risk and insurance consultant salaries range between $69,000 and $117,000 per year.
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Updated January 8, 2025
