Risk management is an essential role for a number of industries. Without the available talent to understand and assess risk, it may be difficult for some organizations to avoid it. If you’re looking for a risk management position in the Dallas area, here are some things to keep in mind when it comes to your salary negotiations:
- Job duties for risk manager.
A risk manager is responsible for developing and administrating risk management and loss prevention programs within a company. They may establish policies that comply with safety laws as well as industry best practices. They also create a budget that allows a company to institute these plans without spending a lot of money. They may also interact with legal representatives, insurance companies, and individuals involved in incidents, and take the lead on investigations within their company. - Median salary.
In the Dallas area, the median annual salary for a risk manager is around $102,000 depending on the location of the job and the additional benefits offered. Before negotiating a salary, research the information about risk management and develop your walk away number. This number should be based on your previous salaries, benefits, and what the lowest amount you would accept. - Bonuses.
Most companies will offer additional performance bonuses for their risk management staff. Because the role is intended to mitigate risk and save the company money, risk managers are typically rewarded for their work. A typical bonus structure for risk managers can raise the salary in Dallas up to around $110,000. - Experience and education.
A typical risk manager will need a bachelor’s degree in a related field, such as financial management, and at least seven years’ experience. This may mean developing a career in accounting or as an assistant risk manager. Risk managers must also have strong management skills as they are required to interact with individuals at all levels of the organization.
Are you looking for an opportunity in Risk Management right here in the Dallas area? Contact CornerStone Staffing, offering jobs in Fort Worth TX and the entire DFW area, to learn more.
