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Commercial Risk Manager Jobs in Utah (NOW HIRING)

The Risk Analyst reports to the VP-Risk Manager and is primarily responsible for supporting risk ... For over 100 years, the Association has been providing agricultural lending services to commercial ...

Risk Analyst

South Jordan, UT · On-site

$57K - $85K/yr

The Risk Analyst reports to the VP-Risk Manager and is primarily responsible for supporting risk ... For over 100 years, the Association has been providing agricultural lending services to commercial ...

Risk Analyst

South Jordan, UT · On-site

$57K - $85K/yr

The Risk Analyst reports to the VP-Risk Manager and is primarily responsible for supporting risk ... For over 100 years, the Association has been providing agricultural lending services to commercial ...

Risk Analyst

South Jordan, UT · On-site

$57K - $85K/yr

The Risk Analyst reports to the VP-Risk Manager and is primarily responsible for supporting risk ... For over 100 years, the Association has been providing agricultural lending services to commercial ...

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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 is responsible for identifying, assessing, and mitigating risks that could impact a company's business operations and profitability. They analyze internal and external factors, develop risk management strategies, and implement policies to minimize potential financial losses or legal liabilities. These professionals often collaborate with various departments to ensure compliance and maintain the organization's risk profile within acceptable limits.

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.

Do commercial risk managers make good money?

Commercial risk managers typically earn a competitive salary that varies based on experience, industry, and location. According to industry data, median annual salaries range from $80,000 to over $130,000, with higher earnings possible for those with advanced certifications or extensive experience. The role often involves risk assessment, insurance management, and strategic planning, which are valued skills in many organizations.

What are the key skills and qualifications needed to thrive as a commercial risk manager?

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.
What are popular job titles related to Commercial Risk Manager jobs in Utah? For Commercial Risk Manager jobs in Utah, the most frequently searched job titles are:
What cities in Utah are hiring for Commercial Risk Manager jobs? Cities in Utah with the most Commercial Risk Manager job openings:

Claims & Risk Manager

Cando Rail & Terminals LP

Midvale, UT • On-site, Remote

Full-time

Posted 4 days ago


Job description

Reporting to Cando’s Chief Legal Officer, the Claims and Risk Manager is part of a growing risk management function responsible for the development, implementation and management of a comprehensive enterprise-wide risk management program to effectively manage corporate risk via insurance and other risk management strategies. The Claims and Risk Manager plays a pivotal role in identifying, analyzing and mitigating risks inherent to operations and works closely with a variety of Cando departments, including Safety, Environmental and Regulatory, Mechanical and Equipment, Finance and People. We are looking for an individual who is a strategic thinker with a robust understanding of risk management practices applicable to the rail industry. This position requires strong leadership, problem solving, decision making and communication skills.

Cando is North America’s largest owners and operators of a coast-to-coast network of first and last mile rail infrastructure. We provide a wide range of specialized rail operating services including short line operations, industrial switching, material handling, terminal & transload services, and more.

Cando Advantages
  • Flexible Location with Hybrid or Remote Options Available
  • Award Winning Safety Culture & Best Managed Company
  • Comprehensive Benefit and Retirement Package
  • Cando’s Technical and Leadership Training Programs
Essential Functions & Responsibilities include:
  • Develop, implement and manage a comprehensive enterprise-wide risk management program to effectively mitigate corporate risk via insurance and other risk management strategies.
  • Manage Cando’s insurance program, including compilation of underwriting information, policy renewals, certificate management, claims reporting / administration and coordinating with brokers, adjusters and insurers as necessary.
  • Manage workers’ compensation claims in conjunction with HR and Service Delivery.
  • Receive and triage claims as reported across all functional areas, including coordination of all claims-related activities and resolution of bona fide claims within retentions where appropriate.
  • Implement and oversee internal processes to ensure the proper and efficient handling of claims.
  • Manage relationships with third party service providers including brokers, insurers and other TPAs.
  • Prepare loss analyses and budgets, identify exposures, recommend solutions, implement approved risk management strategies, promote loss prevention, update and monitor compliance with insurance procedures.
  • Conduct thorough risk assessments to identify areas of vulnerability and recommend appropriate risk mitigation measures.
  • Collaborate with internal stakeholders to establish risk management protocols and promote a culture of risk awareness and compliance.
  • Develop standards for insurance requirements in contracts (both from a supplier and customer perspective) and provide review, guidance and negotiation related to insurance requirements where required to ensure third-party risk considerations are appropriately addressed.
  • Stay current with industry trends, regulations and best practices related to risk management and insurance.
  • Develop and deliver training programs to enhance internal risk management knowledge and practices.
  • Prepare comprehensive reports and presentations for senior management, board of directors and third-party stakeholders as required.
  • Participate in training or corporate initiatives as
Skills, Knowledge, & Abilities
  • Experience as a Claims and Risk Manager or similar role dealing with risk management and insurance programs within a large organization.
  • Knowledge and understanding of risk assessment techniques, commercial insurance policies and claims handling procedures.
  • Knowledge of relevant laws, regulations and industry standards related to the rail industry, risk management, compliance and insurance.
  • Strong analytical and problem-solving skills, with the ability to evaluate complex data and provide actionable recommendations.
  • Strong communication and interpersonal skills to effectively collaborate with various stakeholders at all levels of the organization.
  • Ability to negotiate and create positive relationships with insurance brokers, carriers and other risk management service providers.
  • Detail oriented with strong organizational and time management skills.
  • Experience working with employees and the applicable agencies to ensure employees safe and timely return to work after workplace injuries
  • Experience with risk management software and tools.
  • Advanced proficiency in Microsoft Office products and other data analysis tools.
  • Ability to work independently and as part of a team.
Education & Experience
  • Bachelor's degree in Risk Management, Finance, Business Administration, or related field.
  • Professional certification(s) such as CRM, ARM, or CPCU are
  • Previous experience in a heavy industrial environment or within the rail industry is

Note: This description is not intended to limit the assignment of work or be construed as a complete list of the many duties to be performed by the incumbent. The qualifications are provided so interested candidates understand of the level of expertise required.