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Commercial Risk Manager Jobs in Indiana (NOW HIRING)

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Commercial Risk Manager information

How does a Commercial Risk Manager typically collaborate with other departments within an organization?

A Commercial Risk Manager works closely with various departments such as sales, finance, legal, and operations to identify, assess, and mitigate risks that could impact business objectives. This role often involves facilitating risk assessments, providing guidance on contract terms, and ensuring compliance with internal policies and external regulations. Effective communication and relationship-building are key, as the Commercial Risk Manager must translate complex risk concepts into actionable recommendations for different teams. Regular cross-functional meetings and risk reporting are common practices to keep all stakeholders informed and aligned.

What does a commercial risk manager do?

A commercial risk manager identifies, assesses, and mitigates financial and operational risks that could impact a company's commercial activities. They analyze market conditions, develop risk management strategies, and often use tools like risk assessment software to protect the organization’s assets and profitability. Strong analytical skills and industry knowledge are essential for this role.

What is the difference between Commercial Risk Manager vs Insurance Underwriter?

AspectCommercial Risk ManagerInsurance Underwriter
CredentialsTypically requires a bachelor's degree in business, finance, or risk management; professional certifications like CRM or RIMS are commonRequires a bachelor's degree in finance, economics, or related fields; certifications like CPCU or ARM are advantageous
Work EnvironmentWorks within companies to assess and mitigate risks related to commercial operationsWorks for insurance companies to evaluate and price insurance policies
Industry UsageUsed across industries to manage business risks and ensure financial stabilityPrimarily in insurance companies to determine policy terms and premiums

The Commercial Risk Manager and Insurance Underwriter roles share a focus on risk assessment and require similar credentials. However, the Risk Manager works internally to manage company risks, while the Underwriter evaluates risks to set insurance policies. Both roles are vital in their respective sectors and often collaborate to ensure comprehensive risk coverage.

What is the highest salary for a risk manager?

The highest salaries for commercial risk managers can exceed $150,000 annually, especially for those with extensive experience, specialized certifications, or leadership roles in large organizations. Top earners often work in industries like finance, insurance, or energy and may receive bonuses and other incentives.

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

To thrive as a Commercial Risk Manager, you need expertise in risk assessment, financial analysis, and a solid understanding of regulatory compliance, typically supported by a bachelor’s degree in finance, business, or related fields. Familiarity with risk management software, data analytics tools, and relevant certifications such as CRM (Certified Risk Manager) or FRM (Financial Risk Manager) is often required. Strong communication, problem-solving, and decision-making abilities help build trust with stakeholders and manage complex risk scenarios. These skills ensure the organization can proactively identify, evaluate, and mitigate potential risks, safeguarding company assets and supporting business growth.

How much does a risk manager get paid?

A commercial risk manager's average salary in the United States ranges from $80,000 to $130,000 annually, depending on experience, industry, and location. Senior risk managers or those with specialized certifications can earn higher compensation, often exceeding $150,000 per year.

What is the highest paying risk management job?

The highest paying risk management roles are often senior positions such as Chief Risk Officer (CRO) or Director of Risk Management, with salaries exceeding $200,000 annually. These roles typically require extensive experience, advanced certifications like FRM or CRM, and strong leadership skills in financial or corporate risk environments.
What are popular job titles related to Commercial Risk Manager jobs in Indiana? For Commercial Risk Manager jobs in Indiana, the most frequently searched job titles are:
What job categories do people searching Commercial Risk Manager jobs in Indiana look for? The top searched job categories for Commercial Risk Manager jobs in Indiana are:
What cities in Indiana are hiring for Commercial Risk Manager jobs? Cities in Indiana with the most Commercial Risk Manager job openings:
Infographic showing various Commercial Risk Manager job openings in Indiana as of June 2026, with employment types broken down into 1% As Needed, 88% Full Time, 7% Part Time, 1% Temporary, and 3% Contract. Highlights an 90% Physical, 4% Hybrid, and 6% Remote job distribution.

Risk Manager - Construction

Turner & Townsend

Indianapolis, IN • On-site

Full-time

Posted 9 days ago


Job description

Company Description

Turner & Townsend is a global professional services company with over 22,000 people in more than 60 countries. 

Working with our clients across real estate, infrastructure, energy and natural resources, we transform together delivering outcomes that improve people's lives. Working in partnership makes it possible to deliver the world's most impactful projects and programmes as we turn challenge into opportunity and complexity into success. 

Our capabilities include programme, project, cost, asset and commercial management, controls and performance, procurement and supply chain, net zero and digital solutions. 

We are majority-owned by CBRE Group, Inc., the world's largest commercial real estate services and investment firm, with our partners holding a significant minority interest. Turner & Townsend and CBRE work together to provide clients with the premier programme, project and cost management offering in markets around the world. 

Job Description

Turner & Townsendis looking for Risk Managerto join our growing team. The ideal individual will be an experienced risk professional that has supported large scale construction projects. 

Responsibilities: 

  • Maintain visibility of threat/opportunity trigger points to facilitate risk cost profiling, timely drawdown of risk budget or retirement of threat/opportunity. 
  • Use risk data to inform investment planning. 
  • Monitor overall risk exposure and assess the remaining risk budget. 
  • Work with contractors to assess contractors held risks and their views on client held risks that impact upon them. 
  • Produce risk reports as required, in a timely manner, to support the effective communication of threat and opportunity status. 
  • Conduct quantitative risk assessment (cost and schedule) to inform project contingency levels. 
  • Initiate a proactive approach to the review, development and improvement of risk management services for the client. 
  • Undertake end-to-end project risk management practices on multiple projects/programs. 
  • Undertake the creation of risk management plans and processes in adherence to client requirements, processes, policies, and frameworks. 
  • Conduct risk reviews at regular intervals, identify and analyze, determine response plans, ensure that project and program risk profiles are being monitored and reported. 
  • Lead and run a comprehensive schedule and cost-effective risk assessment (QCRA & QSRA) process is delivered. 
  • Establish integration of the risk management function within the program and project controls team, with direct touch points to cost and schedule management, change control, and reporting. 
  • Work proactively and collaboratively with program and project control teams to eliminate redundancies and identify improvement opportunities. 
  • Provide opportunities to facilitate the transfer of knowledge within the immediate risk team, to the greater project controls team, and to the client. The transfer of knowledge may include informal one-on-one discussions with client stakeholders and more formal presentations to clients and colleagues. 
  • Create value stream mapping to quantify pain points and develop solutions to minimize waste (both in terms of speed and cost). 
  • Collaborate on the supplier performance management program including the collection of performance metrics and tracking supplier improvement action plans. 
  • Demonstrate a level of support to expert witnesses in arbitral or ligation processes. 
  • Lead, manage, and carry out construction stage contract and claims management. 
  • Carry out assessment of contractual claims in accordance with the contract. 
  • Provide strategic and contractual advice on disputes and related resolution issues. 
  • Evaluate delay recovery measures. 
  • Carry out change management and construction stage cost control. 
  • Supervise the measurement and valuation of completed works and variations. 
  • Manage the settlement of final accounts with contractors 
  • SOX control responsibilities may be part of this role, which are to be adhered to where applicable.
Qualifications
  • Bachelor's degree in construction management, cost management, quantity surveying, engineering or field related to construction. 
  • Minimum 5-7 years of applicable experience 
  • Relevant construction project procurement and contract management experience. 
  • Demonstrated experience within a Program Management or Program Controls environment 
  • Deep knowledge and experience with risk identification, facilitation and techniques. 
  • Strong communication, analytical and negotiation skills. 
  • In-depth understanding of construction contracts, commercial models, and delivery methods. 
  • Proficient in process mapping, root causes analysis, problem solving, and value-stream mapping. 
  • Familiarity with web-based database tools - ARM, Predict, Tableau 
  • Highly self-motivated, analytical, and customer centric. 
  • Excellent communication skills. 
Additional Information

*On-site presence and requirements may change depending on our clients' needs.*

Our inspired people share our vision and mission. We provide a great place to work, where each person has the opportunity and voice to affect change.

We want our people to succeed both in work and life. To support this we promote a healthy, productive and flexible working environment that respects work-life balance. 

Turner & Townsend is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and actively encourage applications from all sectors of the community.

Please find out more about us at www.turnerandtownsend.com/

Turner & Townsend does not accept any speculative or unsolicited CV's that have been sent to our internal recruitment team or hiring managers from agencies outside of our preferred supplier list or that have not followed due process. Any speculative or unsolicited CV's will be treated as a direct application.


All your information will be kept confidential according to EEO guidelines.
 

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It is strictly against Turner & Townsend policy for candidates to pay any fee in relation to our recruitment process. No recruitment agency working with Turner & Townsend will ask candidates to pay a fee at any time. 

Any unsolicited resumes/CVs submitted through our website or to Turner & Townsend personal e-mail accounts, are considered property of Turner & Townsend and are not subject to payment of agency fees. In order to be an authorised Recruitment Agency/Search Firm for Turner & Townsend, there must be a formal written agreement in place and the agency must be invited, by the Recruitment Team, to submit candidates for review.