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Associate Risk Analyst Jobs in Windsor Locks, CT

IFG Companies

Senior Actuarial Analyst

Hartford, CT · On-site

$100K - $130K/yr

S. college/university, with a major or coursework in insurance, risk management, economics ... Preferred: CAS Exam 5 or Associate of the Casualty Actuarial Society (ACAS). * Preferred:

IFG Companies

Senior Actuarial Analyst

Hartford, CT · On-site

$100K - $130K/yr

S. college/university, with a major or coursework in insurance, risk management, economics ... Preferred: CAS Exam 5 or Associate of the Casualty Actuarial Society (ACAS). * Preferred:

HINCX Hiscox Inc.

Senior Pricing Analyst

Hartford, CT · On-site

$90 - $140/hr

The Senior Pricing Analyst role is an associate-level position for a critical thinker who enjoys ... Courage: Dare to take a risk Ownership: Passionate, commercial and accountable Integrity: Do the ...

MedPro Group

Appeals Analyst

Springfield, MA · On-site

$52K - $58K/yr

Wellfleet works to protect people against risk throughout every stage of life - from grade school ... Associate's Degree and 3+ years relevant work experience or equivalent combination of education and ...

New

IQVIA

Associate Director, Data Analytics

Hartford, CT · Remote

The Associate Director of Data Analytics provides technical and people leadership to design, build ... risk/issue management across multi-workstream initiatives to ensure on-time/on-budget outcomes.

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Associate Risk Analyst information

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How much do associate risk analyst jobs pay per hour?

As of Sep 6, 2026, the average hourly pay for associate risk analyst in Windsor Locks, CT is $39.38, according to ZipRecruiter salary data. Most workers in this role earn between $28.99 and $47.93 per hour, depending on experience, location, and employer.

What does an associate risk analyst do?

An Associate Risk Analyst helps organizations identify, assess, and manage potential risks that could affect their operations or financial stability. Their daily tasks often include analyzing data, preparing risk reports, evaluating risk management policies, and supporting senior analysts in developing strategies to mitigate potential threats. They typically work in industries such as finance, insurance, or consulting, and use various analytical tools to detect and evaluate risks. Strong analytical, communication, and problem-solving skills are important for success in this role.

What are the key skills and qualifications needed to thrive as an associate risk analyst, and why are they important?

To thrive as an Associate Risk Analyst, you need strong analytical abilities, attention to detail, and a background in finance, economics, or a related field—often supported by a bachelor’s degree. Familiarity with risk assessment software, data analysis tools like Excel or SAS, and knowledge of regulatory frameworks are typically required. Effective communication, problem-solving, and teamwork are vital soft skills that help you convey findings and collaborate across departments. These skills ensure accurate risk evaluation, compliance, and informed decision-making to protect organizational interests.

What are some common challenges an associate risk analyst faces during the first year on the job?

New Associate Risk Analysts often encounter challenges such as adapting to fast-paced environments, understanding complex risk models, and learning to interpret large volumes of data accurately. Balancing multiple projects and meeting deadlines while maintaining attention to detail can also be demanding. Additionally, collaborating effectively with team members from different departments, such as compliance and finance, requires strong communication skills and a willingness to learn from experienced colleagues.

What is the difference between Associate Risk Analyst vs Risk Analyst?

AspectAssociate Risk AnalystRisk Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; some certifications like FRM or CRMBachelor's or master's degree; often holds certifications like FRM, CRM, or CRC
Work EnvironmentEntry-level position in finance, insurance, or banking firms; supervised environmentMore experienced role; involved in complex risk assessments and decision-making
Employer & Industry UsageCommon in banking, insurance, and financial servicesUsed across similar industries, often with more responsibility

The main difference between an Associate Risk Analyst and a Risk Analyst lies in experience and responsibility. The Associate Risk Analyst is an entry-level role focusing on supporting risk assessments, while the Risk Analyst handles more complex analysis and decision-making. Both roles require similar educational backgrounds and certifications, but the Risk Analyst typically has more experience and autonomy in their work.

Do risk analysts make good money?

Risk analysts typically earn a competitive salary that varies by industry, experience, and location. Entry-level positions often start around $60,000 annually, with experienced analysts earning over $100,000, especially in finance or insurance sectors. Skills in data analysis, risk assessment, and certifications like FRM or CFA can enhance earning potential.

How much do associate risk analysts get paid?

Associate risk analysts typically earn a median annual salary of around $60,000 to $70,000, depending on experience, location, and industry. Entry-level positions may start lower, while those with specialized skills or certifications can earn higher salaries. Compensation often includes benefits such as health insurance and retirement plans.

Is risk analyst a hard job?

A risk analyst role involves analyzing data to identify potential risks and developing strategies to mitigate them, which requires strong analytical skills, attention to detail, and proficiency with data analysis tools. The job can be demanding due to the need for accuracy, problem-solving, and often working under tight deadlines, but it is manageable with proper training and experience.

What cities near Windsor Locks, CT are hiring for Associate Risk Analyst jobs?

Cities near Windsor Locks, CT with the most Associate Risk Analyst job openings:

Associate Risk Analyst jobs near you
Infographic showing various Associate Risk Analyst job openings in Windsor Locks, CT as of August 2026, with employment types broken down into 100% Full Time. Highlights an 66% In-person, and 34% Remote job distribution, with an average salary of $81,910 per year, or $39.4 per hour.

Senior Actuarial Analyst

IFG Companies

Hartford, CT • On-site

$100K - $130K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 21 days ago

Job description


POSITION SUMMARY

The Senior Actuarial Analyst ("SAA") plays an important role in supporting the commercial pricing team for the Bind and Brokerage units of IFG Companies. The SAA will develop new and enhance existing actuarial analyses, processes and models that assist the pricing function in providing rating structures, pricing insights and portfolio rate monitoring. The ideal candidate will be technically capable, detail-oriented, self-motivated and effective in working cross-functionally to translate pricing concepts into actionable recommendations for underwriting decisions.


POSITION RESPONSIBILITIES INCLUDING

Primary Responsibilities

  • Assisting in developing and enhancing sophisticated tools, processes, systems and analyses in support of high-performing actuarial and underwriting teams.
  • Supporting regular rate indication analyses to help assess profitability and inform business unit financial objectives.
  • Assisting in maintaining and updating complex rating plans. 
  • Working with Underwriting and IT teams to implement rating logic and pricing structures within policy administration system across the Bind and Brokerage units.
  • Monitoring renewal rate changes at appropriate levels of granularity and preparing reports to support alignment with overall rate targets.
  • Collaborating with the Data/Analytics team to support the delivery of key insights to underwriters and leadership.


Additional Responsibilities 

  • Supporting reinsurance renewals by reviewing and analyzing submission data and assisting in the assessment of reinsurance pricing.
  • Assisting with the annual corporate financial planning process.
  • Utilizing tools such as Excel, SQL and Python to analyze data, streamline workflows and improve data quality and efficiency.
  • Creating and maintaining documentation that adheres to the high standards of conduct, practices and qualifications of the actuarial profession by following the precepts of the Casualty Actuarial Society Code of Professional Conduct.
  • Other duties, as requested.

KNOWLEDGE, SKILLS AND ABILITIES

  • Strong analytical and technical skills, including tool-building and data manipulation capabilities. 
  • Excellent interpersonal skills, together with solid written and oral communication skills.
  • Strong teamwork and collaboration skills, combined with the ability to work independently. 
  • Ability to prioritize and manage multiple tasks while resolving conflicts constructively.
  • Excellent computer skills (e.g., Excel, Word, SharePoint and an ability to learn proprietary IFG Companies systems) and the willingness to learn new ones.
  • Independent coding proficiency without LLM assistance.


EDUCATION, EXPERIENCE AND CERTIFICATION

  • Required: A bachelor's degree from an accredited U.S. college/university, with a major or coursework in insurance, risk management, economics, actuarial science or related fields.
  • Required: At least three (3) years of experience in the Property & Casualty insurance industry, preferably with a U.S. commercial insurer, in the actuarial, underwriting, risk management, product management and/or claims areas.
  • Required: Four (4) actuarial exams recognized by the Casualty Actuarial Society.
  • Preferred: CAS Exam 5 or Associate of the Casualty Actuarial Society (ACAS).
  • Preferred: Experience in General Liability and/or Excess & Surplus insurance.


PHYSICAL DEMANDS

  • Position is hybrid and requires the ability and the willingness to work in an IFG Companies office at least three (3) days per week, if residing within one-hour commuting distance.
  • Physical demands are considered those of a climate-controlled office environment with minimal physical exertion.
  • Position requires prolonged sitting, extensive utilization of computers, and interactions with others in person and via phone.
  • Position requires the ability and the willingness to travel when required to meet business needs.


      SALARY AND BENEFITS

The salary range for this position is $100,000 - $130,000. Additionally, the position may be eligible to earn incentive compensation. IFG Companies offers competitive compensation and benefits, currently including medical, dental, vision, 401(k), flexible spending, short-term and long-term disability insurance, life insurance, paid parental leave, vacation, and other paid time off.


WHY IFG COMPANIES

Founded in 1985, IFG Companies is one of the oldest privately held insurance groups in the United States. It combines a specialty-carrier focus with long-term stability and thinking, while promoting a culture of underwriting rigor, collaboration, strategic thought, superior technology and strong producer partnerships.


EQUAL OPPORTUNITY

IFG Companies is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status or any other protected characteristic under applicable law.