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Commercial Risk Manager Jobs in Chicago, IL (NOW HIRING)

Epitec

Risk Manager - US

Chicago, IL · On-site

$78 - $82/hr

Manage commercial insurance programs including General Liability, Product Liability, Umbrella ... Conduct risk assessments across manufacturing plants, warehouses, and distribution facilities.

Aon Corporation

Risk Manager

Chicago, IL · Hybrid

$100K - $150K/yr

Jones Lang LaSalle (JLL) is looking for a Risk Manager to join its global team. The position ... Proven experience negotiating insurance provisions in commercial contracts. * Strong analytical ...

PremiStar

Risk Manager

Deerfield, IL · On-site

The Risk Manager is responsible for leading the organization's enterprise insurance strategy ... Review of contractual insurance requirements in commercial service and construction agreements

International Motors, LLC

Senior Risk Manager

Lisle, IL · On-site

$138K - $207K/yr

The Senior Risk Manager will lead the enterprise insurance and risk financing programs; assess ... The Group's product portfolio comprises trucks, buses, and light-duty commercial vehicles ...

JPMorgan Chase & Co.

Industry Risk Manager

Chicago, IL · On-site

$108K - $183K/yr

... across Commercial & Investment Banking contributing to our mission of maintaining the highest ... As a Manager within our Industry Risk team, you will support Bankers and KYC Officers by providing ...

JP Morgan Chase

Industry Risk Manager

Chicago, IL · On-site

... across Commercial & Investment Banking contributing to our mission of maintaining the highest ... As a Manager within our Industry Risk team, you will support Bankers and KYC Officers by providing ...

JPMorgan Chase & Co

Industry Risk Manager

Chicago, IL

... across Commercial & Investment Banking contributing to our mission of maintaining the highest ... As a Manager within our Industry Risk team, you will support Bankers and KYC Officers by providing ...

Belden Inc

Commercial Operations Manager

Chicago, IL · On-site +1

$150K/yr

The CommOps Manager will mitigate commercial risk, enforce proposal quality standards, and ensure adherence to policies, templates, pricing guardrails, and approval workflows. You will serve as a ...

Belden Inc

Commercial Operations Manager

Chicago, IL · On-site +1

The CommOps Manager will mitigate commercial risk, enforce proposal quality standards, and ensure adherence to policies, templates, pricing guardrails, and approval workflows. You will serve as a ...

Belden, Inc.

Commercial Operations Manager

Chicago, IL · On-site

The CommOps Manager will mitigate commercial risk, enforce proposal quality standards, and ensure adherence to policies, templates, pricing guardrails, and approval workflows. You will serve as a ...

Pernix Group, Inc.

Commercial Manager

Lombard, IL · On-site

Establish and enforce governance protocols ensuring consistent commercial reporting, risk ... Cost Management Oversight * Oversee the development and maintenance of project budgets, cost ...

ElectronX

Head of Risk

Chicago, IL · On-site

$225K - $300K/yr

... commercial teams to embed risk thinking into business decisions. * Manage relationships with regulators, clearing members, and industry risk bodies. * Represent ElectronX in industry risk forums and ...

ElectronX

Head of Risk

Chicago, IL · On-site

$150 - $250/hr

... commercial teams to embed risk thinking into business decisions. * Manage relationships with regulators, clearing members, and industry risk bodies. * Represent ElectronX in industry risk forums and ...

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All JobsCommercial Risk JobsCommercial Risk Manager JobsCommercial Risk Manager Jobs in Chicago, IL

Commercial Risk Manager information

See Chicago, IL salary details

$53.1K

$114.9K

$175.1K

How much do commercial risk manager jobs pay per year?

As of Aug 18, 2026, the average yearly pay for commercial risk manager in Chicago, IL is $114,919.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,700.00 and $132,900.00 per year, depending on experience, location, and employer.

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 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.

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 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 requires strong analytical skills and knowledge of risk assessment tools.

What are popular job titles related to Commercial Risk Manager jobs in Chicago, IL?

For Commercial Risk Manager jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Commercial Risk Manager jobs in Chicago, IL look for?

The top searched job categories for Commercial Risk Manager jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Commercial Risk Manager jobs?

Cities near Chicago, IL with the most Commercial Risk Manager job openings:

Commercial Risk Manager jobs near you
Infographic showing various Commercial Risk Manager job openings in Chicago, IL as of August 2026, with employment types broken down into 83% Full Time, 16% Part Time, and 1% Contract. Highlights an 84% Physical, 3% Hybrid, and 13% Remote job distribution, with an average salary of $114,919 per year, or $55.2 per hour.

Risk Manager - US

Epitec

Chicago, IL • On-site

$78 - $82/hr

Contractor

Posted 7 days ago

Job description

  • Location: Chicago, Illinois
  • Type: Contract
  • Job #105874

Risk Manager
Location: White Plains, NY (Onsite)
Industry: Product Manufacturing
Compensation: $78.00 - $82.00 per hour
Position Summary
We are seeking an experienced Commercial Insurance Casualty Risk Manager to lead and enhance commercial insurance and casualty risk programs within a manufacturing environment. This role is responsible for managing complex general liability exposures, overseeing casualty claims, coordinating insurance renewals, and partnering with cross-functional teams to reduce operational risk and protect company assets. The ideal candidate will have a strong background in commercial insurance, liability claims management, and risk mitigation within manufacturing or industrial operations.
Key Responsibilities
  • Manage commercial insurance programs including General Liability, Product Liability, Umbrella/Excess Liability, Environmental Liability, and D&O coverage.
  • Lead insurance renewals, underwriting submissions, policy evaluations, and broker/carrier negotiations.
  • Oversee casualty claims management, including general liability and product liability claims, reserve reviews, settlement strategies, and litigation exposure.
  • Analyze insurance coverage, identify coverage gaps, and develop strategies to optimize risk transfer and cost containment.
  • Conduct risk assessments across manufacturing plants, warehouses, and distribution facilities.
  • Collaborate with EHS, Operations, Legal, HR, and Finance teams to implement loss prevention and risk reduction initiatives.
  • Monitor claim trends, loss data, and Total Cost of Risk (TCOR) metrics to drive continuous improvement.
  • Manage relationships with brokers, carriers, TPAs, legal counsel, and other external service providers.
  • Ensure compliance with insurance regulations, contractual obligations, and internal risk management policies.
  • Prepare executive-level reports on risk exposures, claims activity, insurance performance, and emerging risks.
Required Qualifications
  • Bachelor's degree in Risk Management, Business Administration, Finance, Insurance, Occupational Safety, or a related field.
  • 7+ years of risk management, commercial insurance, casualty claims, or insurance program management experience.
  • 3+ years supporting manufacturing, industrial, distribution, or supply chain operations.
  • Strong experience with Complex General Liability programs and claims management.
  • Experience managing large deductible, self-insured, or captive insurance programs.
  • Proven success working directly with insurance brokers, carriers, TPAs, and legal counsel.
  • Knowledge of insurance policy interpretation, risk transfer, liability claims, and OSHA-related risk controls.
Preferred Qualifications
  • ARM, CRM, CPCU, AIC, or RIMS-CRMP certification.
  • Experience analyzing TCOR metrics, insurance budgets, reserve evaluations, and loss trends.
  • Strong understanding of manufacturing operations, workplace safety practices, and enterprise risk management.
Key Skills
  • Commercial Insurance Program Management
  • General & Product Liability Claims
  • Risk Assessment & Loss Prevention
  • Insurance Renewal Strategy
  • Coverage Analysis & Risk Transfer
  • Claims Investigation & Settlement Negotiation
  • Vendor, Broker & Carrier Management
  • Financial Analysis & Budgeting
  • Executive Communication & Reporting
  • Cross-Functional Leadership

If you are a risk management professional with deep expertise in complex liability programs, casualty claims, and manufacturing operations, we encourage you to apply. This is an opportunity to play a critical role in protecting business operations while driving strategic risk management initiatives across the organization.
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