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

Dir Senior Counsel

Chicago, IL · On-site

$143K - $195K/yr

Manage legal and commercial risk in partner, vendor, and subcontractor relationships critical to services delivery * Handle escalated contract negotiations involving material customer relationships ...

Dir Senior Counsel

Chicago, IL · On-site

$143K - $195K/yr

Manage legal and commercial risk in partner, vendor, and subcontractor relationships critical to services delivery * Handle escalated contract negotiations involving material customer relationships ...

Dir Senior Counsel

Chicago, IL

$143K - $195K/yr

Manage legal and commercial risk in partner, vendor, and subcontractor relationships critical to services delivery * Handle escalated contract negotiations involving material customer relationships ...

VP, Credit Risk Oversight

Rosemont, IL · On-site

$117K - $150K/yr

Wintrust provides community and commercial banking, specialty finance and wealth management ... Be part of a strong, mature, risk management governance framework. * Option to work at corporate ...

VP, Credit Risk Oversight

Rosemont, IL · On-site

$117K - $150K/yr

Wintrust provides community and commercial banking, specialty finance and wealth management ... Be part of a strong, mature, risk management governance framework. * Option to work at corporate ...

VP, Credit Risk Oversight

Rosemont, IL · On-site

$117K - $150K/yr

Wintrust provides community and commercial banking, specialty finance and wealth management ... Be part of a strong, mature, risk management governance framework. * Option to work at corporate ...

Showing results 21-40

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:

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.

Senior Loss Control/Risk Management Consultant (Commercial P&C)

Amerisure Mutual Insurance Company

Lisle, IL • Remote

Full-time

Medical, Retirement, PTO

Re-posted 2 days ago


Job description

Amerisure creates exceptional value for its partners, policyholders, and employees. As a property and casualty insurance company, Amerisure's promise to our partner agencies and policyholders begins with a comprehensive line of insurance products designed to protect businesses, as well as the health and safety of every employee. With an A.M. Best "A" (Excellent) rating, Amerisure serves mid-sized commercial enterprises focused in construction, manufacturing and healthcare. Ranked as one of the top 100 Property & Casualty companies in the United States, we proudly manage nearly $1 Billion of Direct Written Premium and maintain $1.21 billion in surplus.

We are recruiting for a Senior Risk Management/Loss Control Consultant to join our team. This is a remote position that will ideally sit in the Chicagoland area, or potentially in western IL.

Position Summary:

Conducts insurance risk management surveys on a range of moderate to complex risks, aiming to enhance policyholder risk profiles by identifying and mitigating safety hazards. Actively contributes to the development and support of technical expertise. Drives the promotion, marketing, and advancement of Company initiatives, focusing on profitable growth. Demonstrates One Amerisure behaviors with dedication, fostering strong relationships with assigned Partners for Success (PFS) Agencies and their clients.

Responsibilities:

  • Execute risk management consultations at policyholders' premises and develop risk management programs recommendations based on observations.

  • Leverages technology to support virtual engagement within a hybrid work environment.

  • Initiates, provides, and shares resources with policyholders and agency customers on risk management topics and trends.

  • Provide quantitative/qualitative analysis with conclusions to drive customer service objectives and activities and develop a plan to improve risk exposures across the book.

  • Manage workload assignments to attain agency customer engagement activities to meet organizational objectives.

  • Leverages technology and innovation to support virtual engagement within a hybrid work environment.

  • Collaborate with underwriting and claims in new business acquisition and account retention.

  • Conduct training sessions for the policyholder and agency customers. As required, participate in conference presentations

  • Promote markets and otherwise advance the company initiatives through relationships with their assigned agency and their clients. Serve as an advisor on risk management matters.

  • Participates in assigned workgroups supporting profitability and service delivery

  • Elevates any trends or issues identified.

  • Engage with vendors to support our service delivery and risk improvement strategies.

  • Mentor and train other risk management consultants and support new employee onboarding activities under leadership direction.

Requirements:

  • Bachelor's degree in risk management or a related field with advanced certification/designation (CSP, ARM, CRM, CIC, CPCU) preferred.

  • 5 or more years of Loss Control experience in multi-line commercial property & casualty.

  • We're targeting candidates with commercial property insurance experience.

  • High acumen with business computer applications including MS Office products and other industry platforms. This includes virtual meeting and conferencing applications.

  • Demonstrated successful ability to build positive relationships and partnerships within department, across the organization and with external customers. Engages as needed with corporate underwriting to support business activities.

  • Well-developed conflict resolution skills - with the ability to engage other departments.

  • Excellent organizational skills, including ability to multi-task and prioritize workload.

  • Excellent problem-solving, critical thinking, analytical, and decision-making skills, including the ability to deal with ambiguity.

  • Ability to work independently but collaboratively.

  • Excellent verbal and written communication skills with the ability to interact with internal and external customers and communicate complex technical subjects both verbally and written format.

  • Ability to work effectively with minimal supervision.

  • Must have a valid driver's license, an acceptable driving record

  • The ability to travel up to 4 overnights a month.

#LI-Remote #LI-CR1

Just as we are committed to creating exceptional value for our Partners For Success agencies and policyholders, Amerisure also remains committed to being an employer of choice. We reinforce this commitment by adhering to an Employee Value Proposition that, in part, is provided through a competitive total rewards package. This package includes competitive base pay, performance-based incentive pay, comprehensive health and welfare benefits, a 401(k) savings plan with profit sharing, and generous paid time off programs. We also offer flexible work arrangements to promote work-life balance. Recognized as one of the Best and Brightest Companies to Work For in the Nation and one of Business Insurance magazine's Best Places to Work in Insurance, we provide a workplace that fosters excellence and professional growth. If you are looking for a collaborative and rewarding career, Amerisure is looking for you.

Amerisure Mutual Insurance Company is an Equal Employment Opportunity employer. Amerisure provides equal employment opportunities to all employees and applicants without regard to race, color, religion, sex (to include sexual orientation and gender identity), national origin, age, disability, genetic information, veteran status, or any other protected characteristic under applicable federal, state, or local laws. Amerisure complies with all applicable laws governing nondiscrimination in employment in all locations where the company operates. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training. Amerisure prohibits harassment or discrimination of any kind and is committed to maintaining a workplace free from unlawful harassment or discrimination. Amerisure prohibits retaliation against anyone who reports discrimination, participates in an investigation, or opposes unlawful practices. Any improper interference with an employee's ability to perform their job duties may result in disciplinary action, up to and including termination.