Risk Fiscal Administrator Job Description

October 4, 20110 Comments

·          Risk Fiscal Administrator Job Description and Profile

The job of Risk Fiscal Administration is to coordinate and communicate the rates on insurance, budget and program costs, actuarial studies and loss trends. he or she will have to work in a general supervision. He or she will have to entail planning, organizing and directing the Loss Control, Property Insurance and Financial programs of the company’s Risk Management Department. He or she likewise performs related tasks and duties as may be assigned to him.

·          Duties and responsibilities

Here are the following duties and responsibilities of a risk fiscal administrator:

  • A risk fiscal administrator has to direct the activities on the loss control analysis of various funds including identification of trends
  • He or she will have the duty to head and evaluate the work and performances of professional staff members.
  • It is also the duty to develop and gives financial, statistical and other reports on activities related to risk management and loss data to concerned company departments.
  • He or she will first of all has to compile and examine important data on trends
  • It is also the duty to help in identifying high-risk areas and consequently develop necessary action plans to address such issues.
  • He or she will have to consult and confer with company management as well as employees to discuss mitigation possibilities to risk.
  • It is also the duty to provides a fiscal review of new regulations, statutes, and case laws
  • He or she should always try to develop various possible proposals to mitigate impacts.
  • He or she should have to notify the insurance firms of covered losses on properties.
  • It is also needed to ensure the insurance claims properly and expeditiously handled as it is a very crucial matter.
  • He or she will have to do the survey on the equipment as well as the facilities of the company to identify all potential hazards and liabilities
  • It is also the duty to evaluate all possible insurable risks.

·          Skills and Specifications

There are the following skills and specifications which are needed for the job:

  • The candidate should be able to collect and examine data
  • He or she should have the ability to determine important trends project possible consequences and scrutinize results.
  • He or she must be able to read and interpret actuarial types of reports as well as loss triangles which is very necessary
  • The candidate should have the ability to read, analyze and utilize relevant rules, regulations and laws of the related domain.
  • As it is the work of planning so must know how to plan, direct and prioritize work.
  • He or she should have the quality to establish harmonious work relations with company staff as well as vendors and can coordinate with them.
  • He or she should have the knowledge of preparing written documents and make good presentations to various groups.
  • He or she should have the ability to maintain full objectivity and impartiality.

·          Education and Qualifications

  • The candidate needs to possess a Bachelor’s Degree in courses such as business administration, accounting and any other related field.
  • It will be added as an advantage if the candidate has at least 3 years of responsible experience in field of financial analysis and insurance.
  • He or she must have the 1 year of solid supervisory experience which is the most important requirement for the job.

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