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Business Risk Analyst Jobs in Michigan (NOW HIRING)

Ilitch Companies

Risk & Finance Analyst

Detroit, MI · On-site

The Risk and Finance Analyst will play a critical role in supporting the operations and financial ... Proficiency in advanced Excel, financial analysis software, and business intelligence tools.

Kanak Elite Services Inc

Sr. Business Analyst

Grand Rapids, MI · On-site

$88.80K - $114.80K/yr

We're looking for a Risk Adjustment Business Analyst with strong expertise in CMS regulations ... Medicare Advantage, and compliance-driven program execution. The ideal candidate will combine ...

Fifth Third

Credit Utility Analyst

Detroit, MI · On-site

Involved in other related risk and commercial business activities, as required. Focus of role will ... This involves analyzing and interpreting business and personal financial statements of all types to ...

American Rheinmetall

Contracts Manager

Auburn Hills, MI · On-site

$84.20K - $112.60K/yr

Prepare the terms, conditions and assumptions upon which the proposal may be submitted, review the technical and pricing proposals for accuracy and consistency, conduct overall business risk analysis ...

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Business Risk Analyst information

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$16

$37

$69

How much do business risk analyst jobs pay per hour?

As of May 30, 2026, the average hourly pay for business risk analyst in Michigan is $37.75, according to ZipRecruiter salary data. Most workers in this role earn between $27.45 and $46.30 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Business Risk Analyst, and why are they important?

To thrive as a Business Risk Analyst, you need strong analytical skills, a solid understanding of risk management principles, and typically a degree in finance, business, or a related field. Familiarity with risk assessment software, data analysis tools like Excel or SQL, and relevant certifications such as FRM or CRM are commonly required. Excellent problem-solving abilities, attention to detail, and effective communication help you stand out in this role. These skills and qualities are essential for accurately identifying, assessing, and mitigating risks to support sound business decision-making.

What are some common challenges a Business Risk Analyst faces when assessing risks across multiple departments?

A Business Risk Analyst often encounters the challenge of gathering consistent and comprehensive data from various departments, each with its own processes and risk perspectives. Coordinating across teams to identify, quantify, and prioritize risks requires strong communication and negotiation skills. Additionally, ensuring that risk mitigation strategies are both practical and aligned with organizational goals can be complex, especially in rapidly changing business environments. Frequent collaboration and adaptability are key to overcoming these challenges and ensuring effective risk management.

What is a Business Risk Analyst?

A Business Risk Analyst is a professional who identifies, assesses, and helps manage risks that could affect a company's financial health or operations. They analyze data, industry trends, and internal processes to pinpoint potential threats and recommend strategies to mitigate them. Their work helps organizations make informed decisions, comply with regulations, and safeguard assets against potential losses. Business Risk Analysts often collaborate with various departments to ensure comprehensive risk management across the business.

What is the difference between Business Risk Analyst vs Credit Analyst?

AspectBusiness Risk AnalystCredit Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; certifications like FRM or CRMBachelor's degree in finance, accounting, or related; certifications like CFA or credit-specific courses
Work EnvironmentCorporate offices, consulting firms, financial institutionsBanks, lending institutions, financial services
Employer & Industry UsageUsed across industries to assess overall business risksPrimarily in banking and lending sectors to evaluate creditworthiness

The main difference is that Business Risk Analysts focus on assessing overall risks facing a business, including market, operational, and strategic risks, while Credit Analysts specifically evaluate the creditworthiness of individuals or companies to determine loan eligibility. Both roles require similar financial knowledge and certifications but serve different purposes within financial and business risk management.

What are popular job titles related to Business Risk Analyst jobs in Michigan? For Business Risk Analyst jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Business Risk Analyst jobs in Michigan look for? The top searched job categories for Business Risk Analyst jobs in Michigan are:
What are popular job titles related to Business Risk Analyst jobs in MI? For Business Risk Analyst jobs in MI, the most frequently searched job titles are:
Business Risk Analyst jobs near you
Infographic showing various Business Risk Analyst job openings in Michigan as of May 2026, with employment types broken down into 1% As Needed, 27% Full Time, 65% Part Time, 2% Temporary, 4% Contract, and 1% Nights. Highlights an 73% Physical, 1% Hybrid, and 26% Remote job distribution, with an average salary of $78,512 per year, or $37.7 per hour.
Premium Analyst I - Assig Risk

Premium Analyst I - Assig Risk

Emergent Holdings

Lansing, MI • On-site

Full-time

Posted 3 days ago

Job description

Job Description
SUMMARY: (Brief 3-5 sentence paragraph outlining the main purpose of the job)
Primarily responsible for evaluation, approval, completion and processing of mail audits and reviewing phone audits in a multi-functional business unit. Provides direct customer service via phone, fax, and e-mail to internal and external customers including, but not limited to; Business Development Consultants and assigned risk representatives, finance, TPA representatives, and other premium audit staff, as well as agents, attorneys, NCCI / regulatory bureaus, and policyholders. Respond to telephone, mail, or email inquiries providing direct customer service to internal and external customers related to an audit and other policy concerns.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
  1. Analyze, research, approve, complete and process mail audits.

  1. Analyze, research, approve, complete and process the following audit adjustment types: waive, mail, and phone audits. When an adjustment is denied, notify the parties involved.

  1. Make necessary customer contacts to an insured, accountant, or agent to gather sufficient information to ensure the classifications are correctly applied on the audit/audit adjustment. Identify correct classifications on the audit by researching PAAS, NCCI, and other applicable web tools.

  1. Analyze, research and communicate audit concession requests from external customers to relevant internal staff. Communicate final decision to external customers. Complete and process the concession adjustment, if approved by management.

  1. Analyze, research and communicate policy changes and omissions to relevant internal staff that include, but are not limited to, payroll, class codes, entity, states, Federal/Risk IDs, addresses, officers, endorsements, because of audit findings while completing the audit/audit adjustment.

  1. Manage workflow inventory to achieve specific time service goals.

  1. Estimate audits.

  1. Train and mentor the Premium Audit Technician position.

  1. Compose written correspondence, as appropriate.

  1. Maintain confidentiality of information processed.

  1. Work with minimum supervision.

This description identifies the responsibilities typically associated with the performance of the job. The percentage of time in any responsibility may vary between positions. Other relevant essential functions may be required.
EDUCATION AND EXPERIENCE
Relevant combination of education and experience may be considered in lieu of degree.
  1. EDUCATION REQUIRED: (Brief paragraph detailing the minimum education required, including certifications) Do not state preferred qualifications.

High school diploma or G.E.D. Minimum 30 credit hours of course work in Accounting, Business, Insurance, Finance or related field. Combinations of education and experience may be considered in lieu of education requirements.
  1. EXPERIENCE REQUIRED: (Minimum experience required to perform this job.) Do not state preferred experience.

One-year experience as an Underwriting Technician II, or equivalent Enterprise experience that provides the necessary skills, knowledge and abilities.
OR
Two years of technical or administrative office experience, including relevant audit, payroll or underwriting duties in an insurance organization. Two years of demonstrated experience of the necessary skills, knowledge and abilities required for the position may be considered.
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
OTHER SKILLS AND ABILITIES
  • Ability to work effectively in a multi-functional business unit.

  • Exhibits a basic knowledge of underwriting rules, procedures, manuals and Worker Compensation classifications in a single state and/or multiple states with similar state rules.

  • Excellent oral and written communication skills.

  • Excellent organizational skills and ability to prioritize work.

  • Ability to manage multiple priorities and meet established deadlines.

  • Basic knowledge of computers, word processing, spreadsheet software with accurate input ability of 40 wpm with ability to use 10-key.

  • Analytical and problem-solving skills.

  • Ability to proofread documents for accuracy of spelling, grammar, punctuation, and format.

  • Basic math skills.

  • Basic knowledge of payroll reports, payroll tax returns, tax forms and supporting documentation.

  • Develops and understands client/customer needs and initiates timely action to meet them.

  • Exhibits a basic understanding of one or more business functions and their processes.

  1. ADDITIONAL EDUCATION, EXPERIENCE, SKILLS, KNOWLEDGE AND/OR ABILITIES PREFERRED: (Briefly detail the preferred education, experience, skills, knowledge and/or abilities desired to perform this job, including certifications). These are in addition to the required qualifications - Do not state required qualifications.

  • One-year of experience in assigned risk business with the Accident Fund Insurance Company of America.

  • Ability to work effectively in a multi-functional business unit.

  • Basic knowledge of payroll tax records.

  • Basic knowledge of ACD line functionality

  • Basic knowledge of Outlook calendar functionality.

ADDITIONAL INFORMATION
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified. This job description does not constitute a contract for employment.

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