Interested in Joining?
The insurance industry is hiring students of ALL majors for ALL functional areas.
Are you interested in a career that is stable, rewarding, and limitless? Could you benefit from expanding your networking, increasing exposure to educational and professional development opportunities, building your resume, and improving your leadership skills? Then Gamma Iota Sigma is for you!
Interested in Joining?
The insurance industry is hiring students of ALL majors for ALL functional areas.
Are you interested in a career that is stable, rewarding, and limitless? Could you benefit from expanding your networking, increasing exposure to educational and professional development opportunities, building your resume, and improving your leadership skills? Then Gamma Iota Sigma is for you!
Advisory Council
The Advisory Council consist of Sustaining Partner Companies
The Advisory Council help leads the strategic direction of Gamma Iota Sigma to grow and sustain a robust and diverse student talent pipeline, ensuring the industry's vibrant future.
What They Do:
Loss control specialists plan and direct policies, procedures, or systems to prevent the loss of assets. In addition, they also determine risk exposure or potential liability, and develop risk control measures.
Why It's Important:
Loss control specialists are important because they are the individuals that go in and implement actions or procedures in order to help lower the chance of risk. By lowering the chance of risk, they are sometimes able to get consumers a better price for their premium and they help protect the insurance company from losses that can be avoided or lessened.
Typical Duties:
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Identify potential for loss and develop strategies to eliminate it.
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Advise managers on compliance with applicable codes, laws, regulations, or standards.
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Administer systems and programs to reduce loss, maintain inventory control, or increase safety.
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Train loss prevention staff, retail managers, or store employees on loss control and prevention measures.
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Assess security needs across locations to ensure proper deployment of loss prevention resources, such as staff and technology
Important Skills:
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Communication/Active Listening skills
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Judgement/Decision-making skills
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Quality control analysis
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Persuasion
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Complex problem solving
Salary Range
The median annual wage: $82,952
The lowest 10% ~ $67,105
The highest 10% ~ $100,862
Professional Designations:
ALCM – Associate in Loss Control Management
CRA – Certified Risk Analyst
CSP – Certified Safety Professional
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Career Facts
Education and Professional Requirements:
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Entry-level: Bachelor’s degree
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Advancement: Bachelor’s degree, many years related work experience, advanced degree
Possible career path: Loss Control Specialist > Loss Control Manager > Loss Control Executive
Additional Resources
References:
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IIC Loss Control Specialist Profile
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OII Loss Prevention Specialist Profile
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InVEST Loss Control Specialist Profile
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IMUA Loss Control Overview
Videos:
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Meet a Loss Control Specialist
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Inland Marine Underwriters Association Career Path Video
