Full-Time

Director of Loss Control

Workers' Compensation

Posted on 8/27/2024

KINETIC

KINETIC

51-200 employees

Wearable device for workplace injury prevention

Data & Analytics
Healthcare

Compensation Overview

$130k - $160kAnnually

Senior

Remote in USA

Category
Environmental Consulting
Consulting
Required Skills
Tableau
Looker
Requirements
  • 5-7 years experience in Workers' Compensation Loss Control
  • Must be able to travel 35% of the time
  • Degree in Loss Control or similar field
  • Ability to work both independently and collaboratively with all levels of staff
  • Experience developing loss control programs from start to finish, including the effective management of external vendors and resources
  • Proven experience in conducting ROI analysis, including the ability to assess the financial impact of programs by evaluating costs versus benefits, and effectively presenting findings with data-driven insights and justifications
  • Proficient in Excel creating pivot tables and charts. Preferable if you have experience plotting and visualizing data in a business intelligence platform like Tableau or Looker
  • Ideally, proficient with the Google Suite of business products
Responsibilities
  • Control Kinetic's loss ratio through mitigation of policyholder loss sources.
  • Improve wearable technology deployment through education on how the technology integrates into an overall risk management program.
  • Integrate with the claims team to build and promote return to work programs lowering post injury costs.
  • Build vertical expertise and safety programs to position Kinetic as a leader in market segments.
  • Improve policyholder retention through best-in-class loss mitigation programs.
  • Build specific risk mitigation programs for RCM accounts.
  • Support distribution and underwriting in point-of-sale opportunities to win business.
  • Support UW in prospecting accounts and providing location surveys for new business and renewals.

Kinetic enhances workplace safety by providing a wearable device called Reflex, which is designed to alert workers about high-risk motions that could lead to injuries. This device is worn on the hip and helps prevent accidents before they occur, making it particularly useful for frontline workers in industries like manufacturing, logistics, and healthcare. Kinetic differentiates itself from competitors by combining hardware sales with a subscription-based software platform that offers detailed safety analytics, ensuring a steady income stream. The company's goal is to significantly reduce workplace injuries and lost workdays, ultimately improving employee well-being and lowering costs for employers.

Company Stage

Series A

Total Funding

$25.4M

Headquarters

New York City, New York

Founded

2014

Growth & Insights
Headcount

6 month growth

14%

1 year growth

4%

2 year growth

58%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for industrial wearables boosts Kinetic's market potential.
  • Partnership with Nationwide opens new revenue streams in insurance.
  • Emphasis on digitization aligns with Kinetic's analytics-driven safety approach.

What critics are saying

  • Increased competition in industrial wearables may pressure Kinetic's market share.
  • Regulatory challenges may arise from Kinetic's insurance sector involvement.
  • Focus on insurance could divert resources from core wearable technology development.

What makes KINETIC unique

  • Kinetic's Reflex device reduces workplace injuries by 50-60%, enhancing safety.
  • Partnership with Nationwide offers IoT-based worker's compensation, a market-first innovation.
  • Dual revenue model from device sales and analytics services ensures steady income.

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