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Claims Risk Manager Jobs in Illinois (NOW HIRING)

Risk & Contract Manager

Chicago, IL · On-site

$125K - $160K/yr

OVERVIEW The Transportation Division is currently seeking a Risk and Contract Manager for a project ... Provide strategic consultation to avoid claims, company exposure, and develop positions to maximize ...

Financial Line Claims Intern

Chicago, IL · Hybrid

$18.25 - $24/hr

This position is an excellent opportunity for those interested in exploring careers in claims, risk management and other related insurance fields. You will work alongside industry leaders to build ...

Financial Line Claims Intern

Chicago, IL · Hybrid

$18.25 - $24/hr

This position is an excellent opportunity for those interested in exploring careers in claims, risk management and other related insurance fields. You will work alongside industry leaders to build ...

... Risk management and auditors; developing responses to ad hoc audit requests and inquiries - Provide input on compliance control design and adequacy - Partner with internal & external operational ...

As our Claims Compliance Manager, you will own the internal quality framework for First-Notice-of ... Basic Qualifications**- 5+ years of professional experience in claims or risk operations, including ...

Extensive experience in a Claims or Risk Management capacity * Must have at least 2 years' experience in a supervisory role * Must possess strong analytical and computer skills * Travel: Up to 10% ...

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Claims Risk Manager information

How does a Claims Risk Manager typically collaborate with other departments to minimize organizational risk?

A Claims Risk Manager works closely with departments such as underwriting, legal, compliance, and operations to identify potential risk exposures and implement effective mitigation strategies. They often participate in cross-functional meetings to review claims trends, share insights, and develop risk management policies. This collaborative approach ensures that the organization proactively addresses risks, maintains regulatory compliance, and continually improves claims processes for better outcomes.

What is the difference between Claims Risk Manager vs Claims Adjuster?

AspectClaims Risk ManagerClaims Adjuster
CredentialsTypically requires a bachelor’s degree in risk management, insurance, or related field; certifications like CPCU or ARM are commonRequires a high school diploma or bachelor’s degree; insurance licenses may be needed depending on state
Work EnvironmentOffice-based, strategic planning, risk assessment, policy developmentField or office-based, investigating claims, assessing damages, negotiating settlements
Industry UsageUsed across insurance companies, risk management firms, and large corporationsPrimarily in insurance companies, adjusting claims for auto, property, or health insurance

The Claims Risk Manager focuses on identifying and mitigating risks related to claims, developing policies, and overseeing risk strategies. In contrast, a Claims Adjuster handles the day-to-day investigation and settlement of individual claims. Both roles are essential in the insurance industry but differ in scope and responsibilities.

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

To thrive as a Claims Risk Manager, you need expertise in insurance claims processes, risk assessment, and regulatory compliance, typically backed by a bachelor’s degree in a relevant field and experience in claims management. Familiarity with claims management systems, risk modeling software, and certifications such as CPCU (Chartered Property Casualty Underwriter) or ARM (Associate in Risk Management) are often required. Strong analytical thinking, attention to detail, and effective communication skills help you investigate claims and collaborate with stakeholders. These skills enable accurate risk evaluation, minimize losses, and ensure the organization’s compliance and financial stability.

What does a Claims Risk Manager do?

A Claims Risk Manager is responsible for identifying, assessing, and managing risks associated with insurance claims within an organization. They analyze claims data to detect patterns, prevent fraudulent activity, and develop strategies to minimize financial losses. Additionally, they work closely with claims adjusters, legal teams, and other departments to ensure compliance with regulations and to optimize claims processes. Their goal is to protect the company from unnecessary losses while ensuring legitimate claims are handled efficiently.
What are popular job titles related to Claims Risk Manager jobs in Illinois? For Claims Risk Manager jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Claims Risk Manager jobs in Illinois look for? The top searched job categories for Claims Risk Manager jobs in Illinois are:
What cities in Illinois are hiring for Claims Risk Manager jobs? Cities in Illinois with the most Claims Risk Manager job openings:
Claims Manager, Risk Management

Claims Manager, Risk Management

Starr Insurance Companies

Chicago, IL • On-site

Full-time

Posted yesterday


Job description

Join Starr, a global leader in commercial insurance with over a century of expertise. We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress.
The Claims Manager, Risk Management will be responsible for:
• Active oversight of claims currently managed by a Third Party Administrator as well as direct handling of an active inventory of primary and excess claims related to policies written out of the Risk Management Profit Center in various jurisdictions
• Performing prompt coverage analysis and determination, investigation into liability and defenses, and timely reserve evaluations
• Perform audits through claim systems and on-site visits
• Required to attend mediations, settlement conferences, etc. to negotiate cost-effective settlements and attend trials on an "as needed" basis
• Provide timely and meaningful information to underwriters, actuaries and reinsurers to update them regarding losses which could impact Starr's policies
Job Requirements
8 - 10 years of experience in General Liability claims handling or litigation experience, management and/or overseeing Third Party Administrator(s)
• Prior experience handling and evaluating claims involving large commercial complex coverage analysis
• Demonstrated success managing litigation, evaluating and negotiating casualty claims
• Self-starter and team player who needs little direction and is focused on developing, and executing on, creative solutions to our clients' most challenging business problems
• Strong coverage knowledge
• Superior negotiation and litigation management skills
• Must be organized and have excellent documentation skills
• Strong communication (verbal and written) and interpersonal skills. Excellent and diplomatic communicator
• Customer- service and relationship-oriented
• Innovative and curious, with a desire for continuous learning and growth
• Travel is required and will vary depending on business needs and caseload
• Working knowledge of Microsoft Word and Microsoft Excel
• Ability to manage time effectively, set priorities and meet deadlines
• Juris Doctor preferred
For individuals assigned and/or hired to work in New York, Starr Insurance Companies is required by law to include a reasonable estimate of the compensation range for this role. The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets: experience and training: licensure and certifications: and other business and organizational needs. A reasonable estimate of the current range is $150,000 - $170,000.
Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.