“Every business organization needs to manage risk in order to keep the insurance cost down. The person who assesses and manages the handling of that risk is k…”
Eligibility: Every business organization needs to manage risk in order to keep the insurance cost down. The person who assesses and manages the handling of that risk is known as a risk manager. A risk manager is supposed to anticipate and assess the risk that business organizations face and derive ways and means to minimize the risk so that the liabilities are reduced.
Job Prospects: As more and more business entities are recognizing the need of managing risk and keeping their liabilities to a minimum, risk managers would have ample job opportunities. However, entry level aspirants must at least possess a bachelor’s degree in risk management and require lots of experience in managing risk and handling claims.
Expected Job Growth: Job outlook for risk managers is good with a projected growth of three to nine percentage points. Job growth is very good for managers who have prior experience in handling risk. Working in a insurance company that exposes the risk manager to various risk factors and their elimination gives an added advantage in the job growth.
They thus have to manage the risk of the organization where they are working by following set policies and procedures. The other tasks and roles that a risk manager might have to perform include implementing an employee safety program.
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