A professional who plans, directs, and coordinates risk and insurance programs of establishment to control risks and losses. Responsibilities include:

• Analyzes and classifies risks as to frequency and potential severity, and measures financial impact of risk on company.
• Selects appropriate technique to minimize loss, such as avoidance (reducing chance of loss to zero), loss prevention and reduction (reducing frequency and severity of loss), retention (including self-insurance and planned noninsurance), grouping of exposure units (to increase predictability of loss), and transfer (placement of property, activity, or risk with other establishment or insurers).
• Directs insurance negotiations, selects insurance brokers and carriers, and places insurance.
• Appoints claims and self-insurance administrators, and allocates program costs.
• Prepares operational and risk reports for management analysis.
• Manages insurance programs, such as fidelity, surety, liability, property, group life, medical, pension plans, and workers' compensation.
• Prepares operational and risk reports for management analysis.
• May direct loss prevention and safety programs.
• May select and direct activities of safety, engineering, and loss prevention experts.
• May negotiate with unions for employee benefits.