Skills & Competencies for Loss Control Manager
Loss Control Manager job profile
Book a Demo and Receive a Sample Job ProfileJOB SUMMARY for Loss Control Manager
Manages and develops loss control programs and administers risk management programs related to operating risk, insurance, and any class of financial risk.
JOB RESPONSIBILITIES for Loss Control Manager
Researches and reports on cost effective plans to minimize loss. Contributes to business plans and objectives. Ensures compliance with all regulations and keeps abreast of any changes to laws and regulations which pertain to loss control.
Loss Control Manager SALARY RANGE
BASE 50%
$141,026
TOTAL 50%
$160,696
Job Level
M03
Job Code
FA06000824
Education/Degree
Bachelor's Degree
Reports To
Head of a Unit/Department
Loss Control Manager Skills and Competencies List
9 hard skills or competencies (industry competencies) for Loss Control Manager
1
Industry Competency –
Insurance Industry
Proficiency Level -3
Level 1 Behaviors
(General Familiarity)
Names the commonly used tools and techniques for insurance planning and risk management.
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Level 2 Behaviors
(Light Experience)
Reports any discrepancies encountered in reviewing policy records and documentation.
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Level 3 Behaviors
(Moderate Experience)
Works with insurance agents and team members to update and process insurance policies.
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Level 4 Behaviors
(Extensive Experience)
Recommends alternative insurance claims processing methods to minimize operational costs.
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Level 5 Behaviors
(Mastery)
Stays abreast of the changes in insurance industry laws to ensure our product and service adherence.
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2
Industry Competency –
Insurance Legal and Regulatory Environment
Proficiency Level -3
Level 1 Behaviors
(General Familiarity)
Explains the application of insurance regulatory laws to avoid civil penalties and license suspension.
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Level 2 Behaviors
(Light Experience)
Supports the execution of a legal and regulatory framework to promote strict insurance compliance.
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Level 3 Behaviors
(Moderate Experience)
Performs compliance reviews to determine possible violations and deficiencies in insurance regulations.
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Level 4 Behaviors
(Extensive Experience)
Trains teams on new laws and regulations to reduce liability risks and compliance violations.
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Level 5 Behaviors
(Mastery)
Establishes best practices in creating insurance laws and regulations to prevent frauds and malpractices.
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3
Loss Control Manager
- Skill and Competency
Proficiency Level - 3
4
Skill and Competency -
Loss Control Manager
Proficiency Level - 4
5
Competency for -
Loss Control Manager
Proficiency Level - 5
12 soft skills or competencies (core competencies) for Loss Control Manager
1
Core Competencies –
Budgeting
Proficiency Level -3
Level 1 Behaviors
(General Familiarity)
Lists the elements and the steps on how to conduct budgeting.
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Level 2 Behaviors
(Light Experience)
Tracks and reports financial inefficiencies to ensure smooth functioning of our budgeting processes.
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Level 3 Behaviors
(Moderate Experience)
Works with senior management in creating appropriate budget amounts.
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Level 4 Behaviors
(Extensive Experience)
Recommends alternative budgeting strategies for resolving budgeting issues in our workplace.
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Level 5 Behaviors
(Mastery)
Introduces technologies, policies, and programs for more effective budget management.
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2
Core Competencies –
Risk Management
Proficiency Level -4
Level 1 Behaviors
(General Familiarity)
Understands the practical concepts and processes of risk management.
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Level 2 Behaviors
(Light Experience)
Supports risk owners with management of operational risks, including but not limited to risk assessment, risk control, and risk monitoring.
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Level 3 Behaviors
(Moderate Experience)
Utilizes various analytical tools and techniques to conduct risk management activities.
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Level 4 Behaviors
(Extensive Experience)
Provides risk training for employees on risk categories, identification, quantification, and control.
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Level 5 Behaviors
(Mastery)
Promotes a risk aversion culture to balance and manage risk while conducting business.
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3
Loss Control Manager
- Skill and Competency
Proficiency Level - 3
4
Skill and Competency -
Loss Control Manager
Proficiency Level - 4
5
Competency for -
Loss Control Manager
Proficiency Level - 5
Summary of Loss Control Manager skills and competencies
There are 9 hard skills for Loss Control Manager, Insurance Industry, Insurance Legal and Regulatory Environment, Insurance Products, etc.
0 general skills for Loss Control Manager.
12 soft skills for Loss Control Manager, Budgeting, Risk Management, Planning and Organizing, etc.
While the list totals 21 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Loss Control Manager, he or she needs to be skilled in Budgeting, be skilled in Risk Management, and be skilled in Planning and Organizing.
0 general skills for Loss Control Manager.
12 soft skills for Loss Control Manager, Budgeting, Risk Management, Planning and Organizing, etc.
While the list totals 21 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Loss Control Manager, he or she needs to be skilled in Budgeting, be skilled in Risk Management, and be skilled in Planning and Organizing.
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