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Claims Risk Manager Jobs in Rolling Meadows, IL (NOW HIRING)

Director, Risk Management

Barrington, IL · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Uses claims trends to drive loss prevention and operational improvements Operational Risk & Loss Control * Works closely with Operations, Safety, Fleet Management, Human Resources, Facilities ...

This role will help risk management teams identify high-risk incidents earlier, classify claims by likely severity and financial impact, and provide explainable insights that support faster ...

Risk Management Manager

Chicago, IL · On-site

$71 - $102/hr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Provides assistance with claims investigation, management and litigation. Facilitates reporting of safety data/events. Evaluates risk management program(s) through the use of data capture, follow up ...

This role will help risk management teams identify high-risk incidents earlier, classify claims by likely severity and financial impact, and provide explainable insights that support faster ...

Risk Management Manager

Chicago, IL · On-site

$70K - $102K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Provides assistance with claims investigation, management and litigation. Facilitates reporting of safety data/events. Evaluates risk management program(s) through the use of data capture, follow up ...

Risk Management Manager

Chicago, IL · On-site

$70K - $102K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Provides assistance with claims investigation, management and litigation. Facilitates reporting of safety data/events. Evaluates risk management program(s) through the use of data capture, follow up ...

Risk Management Manager

Chicago, IL

$70K - $102K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Provides assistance with claims investigation, management and litigation. Facilitates reporting of safety data/events. Evaluates risk management program(s) through the use of data capture, follow up ...

Risk Management Manager

Chicago, IL · On-site

$70K - $102K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Provides assistance with claims investigation, management and litigation. Facilitates reporting of safety data/events. Evaluates risk management program(s) through the use of data capture, follow up ...

The Director owns program design, renewals, and claims management while partnering with Operations, Safety, Legal, Finance, outside counsels and brokers to drive consistent risk decisions across the ...

Director of Risk Management

Chicago, IL · On-site

$150K - $175K/yr

The Director owns program design, renewals, and claims management while partnering with Operations, Safety, Legal, Finance, outside counsels and brokers to drive consistent risk decisions across the ...

Showing results 21-40

Claims Risk Manager information

See Rolling Meadows, IL salary details

$35.2K

$88.4K

$139.8K

How much do claims risk manager jobs pay per year?

As of Aug 19, 2026, the average yearly pay for claims risk manager in Rolling Meadows, IL is $88,376.00, according to ZipRecruiter salary data. Most workers in this role earn between $68,400.00 and $105,600.00 per year, depending on experience, location, and employer.

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 the key skills and qualifications needed to thrive as a claims risk manager?

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.

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.

How much do claims risk managers make in the US?

Claims risk managers in the US typically earn a median annual salary of around $80,000 to $100,000, with experienced professionals and those in senior roles earning over $120,000. Salaries vary based on location, industry, experience, and certifications such as CPCU or ARM.

Is Claims Risk Manager a good career?

A Claims Risk Manager oversees the assessment and mitigation of insurance claim risks, often requiring strong analytical skills and knowledge of insurance policies. The role offers opportunities for advancement and typically involves working in insurance, risk management, or corporate environments. It can be a stable and rewarding career for those interested in risk analysis and insurance processes.

What job categories do people searching Claims Risk Manager jobs in Rolling Meadows, IL look for?

The top searched job categories for Claims Risk Manager jobs in Rolling Meadows, IL are:

What cities near Rolling Meadows, IL are hiring for Claims Risk Manager jobs?

Cities near Rolling Meadows, IL with the most Claims Risk Manager job openings:

Infographic showing various Claims Risk Manager job openings in Rolling Meadows, IL as of August 2026, with employment types broken down into 83% Full Time, 15% Part Time, 1% Contract, and 1% Nights. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $88,376 per year, or $42.5 per hour.

Director, Risk Management

Pepper Construction

Barrington, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 11 days ago


Job description

With offices in Illinois, Wisconsin, Indiana, and Ohio, Pepper Construction is a national general contracting and construction management firm that primarily serves the private sector. Pepper Construction provides clients the experience and resources of a national company, combined with the hands-on approach of a local company.
The Director, Corporate Risk Management will lead the Company's enterprise risk management strategy as grow beyond $3B in revenue, providing strategic oversight of insurance programs, claims management, contractual risk, loss control, and risk mitigation initiatives across the organization. This role is responsible for designing, placing, and managing property and casualty insurance programs; supporting Contractor Controlled Insurance Programs (CCIPs); and developing practical solutions that protect the Company's people, projects, assets, and financial performance.
Serving as a trusted advisor to executive leadership, business unit leaders, and cross-functional partners, the Director will help embed risk awareness into daily operations while enabling informed decision-making and supporting continued growth. The ideal leader brings strong technical expertise, sound judgment, collaborative influence, and an innovative approach to managing emerging business, operational, financial, and contractual risks within a complex construction environment.
MAJOR RESPONSIBILITIES
Risk Strategy & Insurance Programs
  • Leads the implementation, governance and continuous improvement of a Contractor Controlled Insurance Program (CCIP) and Subcontractor Default Insurance program
  • In collaboration with brokers, underwriters, and insurers, designs, places and manages insurance programs that effectively allocate, mitigate, and finance risk
  • Regularly reviews insurance coverages, limits, deductibles, and structures to ensure alignment with business growth, coverage optimization, project risk profiles, and market conditions
  • Develops insurance cost allocation and billing models to support accurate divisional and project pricing
  • Meets with company clients, subcontractors, consultants to negotiate contractual insurance and bonding terms to mitigate retained risks.

Contractual & Financial Risk
  • Reviews contractual insurance and risk allocation provisions; identifies and advises on one-sided, unusual, or high-risk terms
  • Partners with the Corporate Legal Team to develop and negotiate contract terms, exceptions and amendments related to risk, insurance, and bonding
  • Obtains and evaluates specialty insurance coverage required by owner contracts or unique project risks

Claims & Loss Management
  • Partners with the third-party claims administrators ("TPAs"), claims adjusters/consultants, claims counsel, and General Counsel to oversee claims strategy, valuation, and reserve adequacy
  • Ensures claims data accuracy and provides clear, actionable reporting to executive leadership
  • Uses claims trends to drive loss prevention and operational improvements

Operational Risk & Loss Control
  • Works closely with Operations, Safety, Fleet Management, Human Resources, Facilities Management, and project teams to implement systems, procedures and controls that reduce the frequency and severity of losses
  • Provides training and guidance to Operation's project teams on insurance programs, CCIP requirements, risk controls, and risk management best practices
  • Serves as a trusted advisor to operations leadership on risk-related decision making

Fleet Risk Management
  • Oversees fleet risk strategy, including driver standards, insurance coverage, loss trends, auto liability exposure, and claims performance in partnership with Safety and Operations
  • Leads accident review, preventability determinations, repair estimate evaluation, severity tiering, and related cost-control processes
  • Manages driver risk tracking, including point assignment logic, scoring methodology, Samba MVR notifications, annual MVR reviews, and the system of record
  • Leads the Fleet Safety Committee and provides governance, reporting, and escalation support for fleet risk decisions
  • Analyzes frequency, severity, repeat drivers, and geographic trends to inform corrective actions, risk mitigation strategies, and reporting to executive leadership and insurance partners
  • Ensures alignment with TPAs, carriers, and the overall claims management strategy for auto losses

Management of External Partnerships & Provider Relations
  • Develops and maintains strong relationships with insurance brokers, carriers, TPAs, claims administrators, actuaries, loss control specialists, and consultants
  • Maintains all insurance policies, certificates, and records; provides regular reporting on program performance, claims activity and emerging risks
  • Serves as an active member of the Corporate Enterprise Risk Committee reporting to executive management
  • Represents and communicates the Company's insurance and risk programs to internal stakeholders and external partners

POSITION REQUIREMENTS
  • Bachelor's degree from an accredited university in Business Administration, Business Management, Risk Management, Insurance, Risk Control, or a related field. Master's Degree preferred
  • Professional Designations: Certified Risk Management Professional (CRMP), Certified Insurance Counselor (CIC), Associate in Risk Management (ARM), or Certified Risk Manager (CRM)
  • Minimum of 10 years of progressive risk and insurance management experience, preferably within the construction or investment real estate industry or a construction-focused insurance/bonding brokerage or insurance carrier environment
  • Demonstrated technical experience managing complex insurance and risk control programs, and large-scale claims portfolios
  • Previous experience successfully providing leadership and direction to a support team of risk management and claims management professionals
  • Strong leadership presence with the ability to advise and influence operational, legal, and executive management teams
  • Excellent written, verbal and presentation skills

The annual salary midpoint for this role is $195,000. We consider many factors when determining the actual hiring salary. These factors may include location, transferable skills, work experience, licensure and certification, business needs, internal equity, and market demands.
Pepper Construction is dedicated to offering our employees a comprehensive and best-in-class benefits package that prioritizes their physical, financial, and emotional well-being. We offer medical, dental, vision, life, and disability insurance plans, a generous 401k match, and a student loan repayment benefit. In addition to paid time off for company holidays, vacation, and personal days, Pepper offers fully paid medical and parental leave, mental health services, and more.
For additional information, visit www.pepperconstruction.com.
Pepper Construction is an Equal Employment Opportunity employer.
Please note: Pepper does not sponsor work visas.