What Do Loss Control Consultants Do?
Wondering what the job is really like for loss control consultants?
You've come to the right place.
Keep reading to find detailed information about what loss control consultants do, including the type of work they are tasked with on a daily basis, industries in which they work, and the specific skills needed for a successful career.
Loss Control Consultants Overview & Description
Let's get started with the basics about loss control consultants by taking a look at a simple description and popular job titles.
Loss Control Consultants analyze and measure exposure to credit and market risk threatening the assets, earning capacity, or economic state of an organization. May make recommendations to limit risk.
Popular Job Titles For Loss Control Consultants
Sample of Reported Job Titles
- Risk Analysts
- Risk Managers
- Directors of Risk Management
- Risk Management Managers
- Third Party Risk Managers
- Compliance Risk Managers
- Operational Risk Analysts
- Risk Management Analysts
- Business Risk Managers
- Enterprise Risk Managers
- Risk Management Specialists
- Operational Risk Officers
Read on for insight into the industries where the highest concentration of jobs for loss control consultants can be found.
Best Industries for Loss Control Consultants
Loss Control Consultants Jobs By Industry
- Depository Credit Intermediation: 22.9%
- Management of Companies and Enterprises: 13.6%
- Insurance Carriers: 8.7%
- Other Financial Investment Activities: 8.5%
- Agencies, Brokerages, and Other Insurance Related Activities: 7.4%
- Securities and Commodity Contracts Intermediation and Brokerage: 7%
- Other: 31.9%
When it comes to jobs in the United States, the largest single category of loss control consultants can be found working in the Depository Credit Intermediation sector. In 2022, about 22.9% of all jobs for loss control consultants were found there.
Other top industries by percentage include Management of Companies and Enterprises (13.6%), Insurance Carriers (8.7%), Other Financial Investment Activities (8.5%), Agencies, Brokerages, and Other Insurance Related Activities (7.4%) and Securities and Commodity Contracts Intermediation and Brokerage (7%).
What Do Loss Control Consultants Do on a Daily Basis?
So you have a high-level understanding of what loss control consultants do and the types of industries in which they work - but what do they really do each day?
A great way to understand the type of work loss control consultants do is to examine actual job postings and focus on the specific skills that employers are seeking. That will help paint a clearer picture of the tasks that loss control consultants tackle each day.
Continue reading for a breakdown of specialized skills found in job postings for loss control consultants, as well as common skills - interpersonal qualities and attributes - that can help you thrive in the workplace.
In-Demand Skills for Today's Loss Control Consultants
Based on 52,369 job postings
Top 5 Specialized Skills for Loss Control Consultants
| Skills | Postings | % of Total Postings |
|---|---|---|
| Risk Management | 38,047 | 73% |
| Risk Analysis | 21,186 | 40% |
| Auditing | 17,324 | 33% |
| Finance | 13,452 | 26% |
| Project Management | 13,262 | 25% |
Top 5 Common Skills for Loss Control Consultants
| Skills | Postings | % of Total Postings |
|---|---|---|
| Management | 34,141 | 65% |
| Communications | 28,301 | 54% |
| Leadership | 18,685 | 36% |
| Operations | 16,033 | 31% |
| Governance | 14,297 | 27% |
Based on 52,369 job postings related to loss control consultants, risk management was the top specialized skill sought by employers, with 73% of all postings looking for that skillset. Skills for risk analysis, auditing, finance, project management and financial services were also highly sought.
As for common skills, management was the most desired skill found in job postings for loss control consultants, followed by communications, leadership, operations, governance and microsoft excel.
| Skill | Postings | % of Total Postings |
|---|---|---|
| Risk Management | 38,047 | 73% |
| Risk Analysis | 21,186 | 40% |
| Auditing | 17,324 | 33% |
| Finance | 13,452 | 26% |
| Project Management | 13,262 | 25% |
| Financial Services | 9,904 | 19% |
| Operational Risk | 9,763 | 19% |
| Accounting | 8,630 | 16% |
| Data Analysis | 8,585 | 16% |
| Risk Mitigation | 6,952 | 13% |
| Regulatory Compliance | 6,800 | 13% |
| Internal Controls | 6,626 | 13% |
| Internal Auditing | 6,029 | 12% |
| Mitigation | 5,915 | 11% |
| Process Improvement | 5,722 | 11% |
| Risk Appetite | 5,573 | 11% |
| Economics | 5,559 | 11% |
| Business Process | 5,556 | 11% |
| Underwriting | 5,182 | 10% |
| Emerging Risk | 5,050 | 10% |
| Skill | Postings | % of Total Postings |
|---|---|---|
| Management | 34,141 | 65% |
| Communications | 28,301 | 54% |
| Leadership | 18,685 | 36% |
| Operations | 16,033 | 31% |
| Governance | 14,297 | 27% |
| Microsoft Excel | 14,081 | 27% |
| Problem Solving | 13,329 | 25% |
| Writing | 11,724 | 22% |
| Detail Oriented | 11,338 | 22% |
| Microsoft PowerPoint | 11,088 | 21% |
| Influencing Skills | 10,795 | 21% |
| Presentations | 10,679 | 20% |
| Microsoft Office | 10,466 | 20% |
| Planning | 8,706 | 17% |
| Research | 8,412 | 16% |
| Consulting | 8,185 | 16% |
| Verbal Communication Skills | 7,771 | 15% |
| Interpersonal Communications | 7,738 | 15% |
| Analytical Skills | 7,642 | 15% |
| Coordinating | 7,313 | 14% |
Most In-Demand Jobs for Loss Control Consultants
Top 5 Posted Job Titles
| Job Title | Postings | % of Total Postings |
|---|---|---|
| Risk Analysts | 5,229 | 10.2% |
| Risk Managers | 4,433 | 8.6% |
| Directors of Risk Management | 4,874 | 9.5% |
| Risk Management Managers | 3,302 | 6.4% |
| Third Party Risk Managers | 2,628 | 5.1% |
According to job postings that were published between September 2021 and August 2022, the top job sought by employers was risk analysts, with 2,421 unique job postings. Risk managers were second, with 1,889 postings, followed by directors of risk management, risk management managers and third party risk managers.
Expand the section below to see unique job postings for all occupations related to loss control consultants.
| Job Title | Postings | % of Total Postings |
|---|---|---|
| Risk Analysts | 5,229 | 10.2% |
| Risk Managers | 4,433 | 8.6% |
| Directors of Risk Management | 4,874 | 9.5% |
| Risk Management Managers | 3,302 | 6.4% |
| Third Party Risk Managers | 2,628 | 5.1% |
| Compliance Risk Managers | 3,817 | 7.4% |
| Operational Risk Analysts | 2,543 | 4.9% |
| Risk Management Analysts | 2,499 | 4.9% |
| Business Risk Managers | 2,470 | 4.8% |
| Enterprise Risk Managers | 2,080 | 4% |
| Risk Management Specialists | 2,578 | 5% |
| Operational Risk Officers | 3,886 | 7.6% |
| Operational Risk Managers | 2,101 | 4.1% |
| Cybersecurity Risk Analysts | 1,402 | 2.7% |
| Risk Control Consultants | 1,411 | 2.7% |
| IT Risk Analysts | 1,344 | 2.6% |
| Risk Adjustment Analysts | 1,218 | 2.4% |
| Cyber Risk Managers | 1,319 | 2.6% |
| Loss Control Consultants | 1,119 | 2.2% |
| Risk Management Consultants | 1,180 | 2.3% |
Additional Links
Ready to dig deeper into career information for loss control consultants? Visit our other pages focused on salary and education for loss control consultants.
How much do loss control consultants make?
Loss Control Consultants: How do you become one?
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