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Risk control consultant vs accounting consultant

The differences between risk control consultants and accounting consultants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a risk control consultant, becoming an accounting consultant takes usually requires 2-4 years. Additionally, a risk control consultant has an average salary of $83,819, which is higher than the $62,830 average annual salary of an accounting consultant.

The top three skills for a risk control consultant include loss control, workers compensation and commercial property. The most important skills for an accounting consultant are CPA, GAAP, and reconciliations.

Risk control consultant vs accounting consultant overview

Risk Control ConsultantAccounting Consultant
Yearly salary$83,819$62,830
Hourly rate$40.30$30.21
Growth rate6%6%
Number of jobs50,36174,894
Job satisfaction--
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 73%
Average age4544
Years of experience64

What does a risk control consultant do?

Typically working for insurance companies, a risk control consultant is in charge of performing assessments and inspections to ensure that operations and clients comply with the company's policies and regulations, including federal and state laws. Their responsibilities include gathering and analyzing data, participating in underwriting procedures, utilizing expertise in sharing insights and opinions, and implementing programs that promote loss control. Moreover, a risk control consultant must recommend risk management strategies while adhering to the company's vision and mission.

What does an accounting consultant do?

An Accounting Consultant is a person tasked to assist the accounting department of a company. The consultant advises businesses concerning the accounting system used by the organization. It is also through the accounting consultant's help that improvements in the accounting process are proposed, the determination of problematic areas in the workflow, possible issues in the future, and everything that needs upgrading. The accounting consultant also helps businesses conform to legal policies set about by State and Federal legislation.

Risk control consultant vs accounting consultant salary

Risk control consultants and accounting consultants have different pay scales, as shown below.

Risk Control ConsultantAccounting Consultant
Average salary$83,819$62,830
Salary rangeBetween $60,000 And $115,000Between $45,000 And $86,000
Highest paying CityJersey City, NJSan Francisco, CA
Highest paying stateAlaskaCalifornia
Best paying companyWEC Energy GroupJordan Company
Best paying industryInsuranceManufacturing

Differences between risk control consultant and accounting consultant education

There are a few differences between a risk control consultant and an accounting consultant in terms of educational background:

Risk Control ConsultantAccounting Consultant
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 73%
Most common majorAccountingAccounting
Most common collegeUniversity of Southern CaliforniaUniversity of Pennsylvania

Risk control consultant vs accounting consultant demographics

Here are the differences between risk control consultants' and accounting consultants' demographics:

Risk Control ConsultantAccounting Consultant
Average age4544
Gender ratioMale, 72.5% Female, 27.5%Male, 49.3% Female, 50.7%
Race ratioBlack or African American, 9.5% Unknown, 6.2% Hispanic or Latino, 14.8% Asian, 5.8% White, 62.4% American Indian and Alaska Native, 1.2%Black or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 13.4% White, 63.0% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between risk control consultant and accounting consultant duties and responsibilities

Risk control consultant example responsibilities.

  • Manage litigation through appropriate selection of counsel, developing strategic action plans a while monitoring an active trial calendar.
  • Reference NFPA codes for fire protection requirements.
  • Reference NFPA codes for evaluating fire protection control.
  • Provide OSHA, workers' compensation, equipment and transportation training target towards regulatory compliance and loss potentials.
  • Provide analysis of OSHA administrative requirements including policies, procedures, programs, inspections, training, testing and records.
  • Ensure that enough supporting evidence is available to ensure that identify weaknesses are properly mitigate to pass SOX testing criteria.
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Accounting consultant example responsibilities.

  • Work independently on line of business projects to automate derivative processes and system enhancement testing.
  • Share oversight for recruitment, human resources and advertising.
  • Provide support to accounts payable department in tagging and recording of fix assets during an ERP system transition
  • Work with governance and internal audit team ensuring SOX compliance during monthly & quarterly reviews as well as the annual audit.
  • Collaborate with accounting department in monthly closing process and development of internal controls to support SOX requirements.
  • Improve audit performance of major medical center by clearing backlog of account reconciliations across multiple medical billing systems.
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Risk control consultant vs accounting consultant skills

Common risk control consultant skills
  • Loss Control, 10%
  • Workers Compensation, 9%
  • Commercial Property, 7%
  • Risk Management, 7%
  • General Liability, 6%
  • OSHA, 6%
Common accounting consultant skills
  • CPA, 15%
  • GAAP, 11%
  • Reconciliations, 8%
  • ERP, 4%
  • Shared Services, 4%
  • SOX, 4%

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