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Commercial Risk Manager Jobs in Washington, DC (NOW HIRING)

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Commercial Risk Manager information

See Washington, DC salary details

$58.3K

$126.3K

$192.5K

How much do commercial risk manager jobs pay per year?

As of Aug 19, 2026, the average yearly pay for commercial risk manager in Washington, DC is $126,348.00, according to ZipRecruiter salary data. Most workers in this role earn between $101,900.00 and $146,100.00 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 Washington, DC?

For Commercial Risk Manager jobs in Washington, DC, the most frequently searched job titles are:

What job categories do people searching Commercial Risk Manager jobs in Washington, DC look for?

The top searched job categories for Commercial Risk Manager jobs in Washington, DC are:

Senior Associate, Claims & Risk Management

HITT Contracting

Falls Church, VA • On-site

$77K - $112K/yr

Other

Medical, Dental, Vision, Retirement

Re-posted 2 days ago


Job description

Every day, our team members do amazing things in pursuit of our shared purpose to build trust with our clients, partners, subcontractors, and teammates. No matter your background, education, or career path, if you share our vision to create extraordinary experiences, you belong at HITT. Senior Associate, Claims & Risk Management Job Description: The Senior Associate, Claims & Risk Management, is responsible for daily management and handling of a wide variety of claims for HITT’s construction organizations. The Senior Associate, Claims & Risk Management meaningfully contributes to analytical support to the Insurance & Risk Management team and leadership as needed on periodic reporting of claim and incident trends. The Senior Associate, Claims & Risk Management performs work that is varying in scope and is in support of their development and growth within the Insurance & Risk Management department. This role proactively develops solutions to problems and uses sound judgement in issue escalation to leadership. This role applies fundamental insurance and claim concepts, practices, and procedures in support of the claim's functions within the Insurance & Risk Management Department. This position reports to Senior Manager, Claims & Risk Management in the Insurance & Risk Management Department. This position is an exceptional individual contributor and does not directly manage any team members. This full-time position reports out of HITT’s Headquarters in Falls Church, VA with a minimum 4-day per week in-office schedule. KEY RESPONSIBILITIES Claims and Incident management Manage property and casualty incidents including investigation, follow up, and closure within authority Claim reporting and handling including but not limited to auto, general liability, property, workers’ compensation, builder’s risk, pollution, and professional liability Claim reporting for various lines of coverages including but not limited to auto, general liability, property, workers compensation, pollution, and professional Independent claims handling and shared coordination with Senior Manager, Claims & Risk Management Provide guidance on applicable insurance coverage, limits and deductibles Liaison with insurance company claims professionals and internal stakeholders for successful outcome of claim Draft settlement recommendation memorandums within prescribed authority Pursue subrogation recovery when warranted Review claim deductible billings for accuracy and process invoices Insured Litigation Support Assist in the production of documents and coordinating internal depositions for litigated cases Work in conjunction with Legal team to identify and track cases requiring a legal hold Manage calendar of key dates for open matters Participate in interviews with prospective attorneys and vendors; update and maintain list of approved attorneys and vendors Insurance Claims Program Management Create and distribute program documents Collect and organize loss run reports, invoices, and other financial information in support of captive insurance Contribute to captive management, analysis, and reporting Risk Data Health & Safety data administration and analytics utilizing health and safety software Technical subject matter expert on claims data within insurer platform Analyze incident and claims data and draw meaningful conclusions to include in the company’s internal reporting Risk Management Communications Generate company resources such as news articles and presentations regarding relevant topics Liaison with insurance company resources for claim and loss control best practices QUALIFICATIONS Bachelor’s degree in Risk Management, Business, Finance, Economics, Safety, or related fields preferred, but not required; in lieu of a degree, additional work experience is acceptable Minimum of 3-5 years of experience handling property & casualty insurance claims Experience in the architecture/engineering/construction (AEC) field or commercial real estate development highly desirable Adept with Microsoft Excel for data analytics and financial summaries In accordance with Virginia Senate Bill 215 (SB 215), the base salary range for this position is: $77,000.00 - $112,000.00 Compensation in other cities and states may vary. HITT Contracting offers a competitive total benefits and compensation package including performance-based bonuses, premium health care coverage including vision and dental, employer-matched 401(k), wellness reimbursement program, paid holidays and time-off, and other voluntary benefits and leave types. The determination of salary is based on the candidate’s individual professional experience, qualifications, education, skills, and training. HITT Contracting is an equal opportunity employer. We are committed to hiring and developing the most qualified individuals based on job-related experience, skills, and merit. All employment decisions are made without regard to race, color, religion, sex, national origin, age, disability, veteran status, or any other protected characteristic. We value a respectful, inclusive workplace where everyone has the opportunity to succeed. HITT Contracting maintains a drug-free workplace, consistent with applicable local, state, and federal laws.