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Contract Insurance Jobs in Burr Ridge, IL (NOW HIRING)

First Industrial

Insurance Coordinator

Chicago, IL · On-site

$58K - $68K/yr

Resolves non-compliance with contract requirements. Interacts with Corporate Insurance/Risk Management when needed to adjust contract requirements or complete internal waiver documentation. Essential ...

First Industrial

Insurance Coordinator

Chicago, IL · On-site

$58K - $68K/yr

Resolves non-compliance with contract requirements. Interacts with Corporate Insurance/Risk Management when needed to adjust contract requirements or complete internal waiver documentation. Essential ...

LHH US

Contract Paralegal/Contract Attorney

Chicago, IL · On-site +1

$30 - $35/hr

LHH is looking for a Contract Attorney or Contract Paralegal (Temporary) for a client in Chicago ... Benefit offerings include medical, dental, vision, life insurance, short-term disability ...

LHH US

Contract Paralegal/Contract Attorney

Chicago, IL · On-site +1

$30 - $35/hr

LHH is looking for a Contract Attorney or Contract Paralegal (Temporary) for a client in Chicago ... Benefit offerings include medical, dental, vision, life insurance, short-term disability ...

Chicago Housing Authority

Contract Analyst

Chicago, IL · On-site

$70K - $75K/yr

The Contract Analyst provides support for multiple contract types including Professional Service ... Pet Insurance * Parking Transit * Prepaid Legal Services * Brightstar 529 College Savings Plan

Chicago Housing Authority

Contract Analyst

Chicago, IL · Hybrid

$71K - $86K/yr

The Contract Analyst provides support for multiple contract types including Professional Service ... Pet Insurance * Parking Transit * Prepaid Legal Services * Brightstar 529 College Savings Plan

Marmon

Contract Analyst

Chicago, IL · Hybrid

$68K - $85K/yr

Help ensure compliance with corporate contract policies, OFAC sanctions checks, and insurance requirements. * Run compliance checks and support due diligence activities for new and existing customers ...

Marmon

Contract Analyst

Chicago, IL · Hybrid

$68K - $85K/yr

Help ensure compliance with corporate contract policies, OFAC sanctions checks, and insurance requirements. * Run compliance checks and support due diligence activities for new and existing customers ...

Marmon

Contract Analyst

Chicago, IL · Hybrid

$68K - $85K/yr

Help ensure compliance with corporate contract policies, OFAC sanctions checks, and insurance requirements. * Run compliance checks and support due diligence activities for new and existing customers ...

Regal Rexnord

Contract Specialist

Rosemont, IL · On-site

$90K - $120K/yr

The Contract Specialist supports Regal Rexnord's enterprise Strategic Sourcing function by ... Life and Accidental Death & Dismemberment (AD&D) Insurance * Paid Leaves * Tuition Assistance About ...

Marmon Holdings, Inc.

Contract Analyst

Chicago, IL · On-site

$68K - $85K/yr

Help ensure compliance with corporate contract policies, OFAC sanctions checks, and insurance requirements. * Run compliance checks and support due diligence activities for new and existing customers ...

Covista

Contract Specialist

Lisle, IL · Hybrid

$42K - $75K/yr

Analyzes contract management needs, communicates/negotiates where appropriate with Contractual ... Health, dental, vision, life and disability insurance * 401k Retirement Program + 6% employer match

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All JobsContract Insurance JobsContract Insurance Jobs in Burr Ridge, IL

Contract Insurance information

What are some common challenges faced by professionals working in contract insurance roles?

Professionals in contract insurance often navigate complex policy language, ensuring that contracts accurately reflect coverage needs and compliance requirements. Managing multiple clients or projects simultaneously can be demanding, especially when addressing unique risk exposures or negotiating terms with underwriters. Additionally, staying current with changing regulations and industry standards is essential for mitigating potential liabilities and providing reliable guidance. Strong attention to detail and clear communication with both clients and other stakeholders are crucial to overcoming these challenges.

What jobs pay 4000 a week without a degree?

Contract insurance roles such as independent insurance adjusters or brokers can pay around $4,000 per week, especially with experience and a strong client network. These jobs often require licensing, good negotiation skills, and the ability to work independently, with income depending on the volume of claims or policies handled.

What are the key skills and qualifications needed to thrive as a Contract Insurance Specialist, and why are they important?

To thrive as a Contract Insurance Specialist, you need in-depth knowledge of insurance policies, risk assessment, and contract law, often supported by a bachelor’s degree in business, finance, or a related field. Familiarity with insurance management software, policy administration systems, and relevant certifications such as CPCU or ARM is highly beneficial. Exceptional attention to detail, negotiation skills, and strong interpersonal communication set top performers apart in this field. These skills ensure accurate policy management, effective risk mitigation, and successful client relationships in a complex regulatory environment.

What is the highest paid position in insurance?

In insurance, executive roles such as Chief Executive Officer (CEO), Chief Underwriting Officer, or Chief Risk Officer tend to be the highest paid positions, often earning six-figure salaries plus bonuses. These roles require extensive experience, leadership skills, and industry knowledge, and they oversee company strategy, underwriting, and risk management functions.

What does an insurance contract do?

An insurance contract is a legal agreement between an insurer and a policyholder that outlines the coverage, terms, and conditions of the insurance policy. It specifies the risks covered, premium payments, and the obligations of both parties, providing financial protection against specified losses. Contract insurance professionals review, draft, and explain these agreements to ensure clarity and compliance with regulations.

What is the difference between Contract Insurance vs Insurance Agent?

AspectContract InsuranceInsurance Agent
CredentialsTypically requires licensing and insurance-specific certificationsRequires licensing and often ongoing training
Work EnvironmentUsually project-based, working with clients or companies on specific contractsOffice or field-based, selling and advising clients on policies
Employer & IndustryInsurance companies, brokers, or agenciesInsurance agencies, brokerages, or direct companies
Search & Comparison IntentUnderstanding contractual roles in insuranceSeeking insurance sales or advisory careers

Contract Insurance professionals focus on providing insurance services through specific contracts, often working on a project basis. Insurance Agents, on the other hand, sell and advise clients on insurance policies, typically working within agencies or brokerages. While both roles require licensing and industry knowledge, their work environments and career paths differ.

What contract job pays the most?

Contract insurance roles such as senior underwriters, claims managers, or risk analysts tend to offer the highest pay, especially with specialized skills or certifications like CPCU or ARM. These positions often require extensive experience and may involve working in high-stakes environments, leading to higher compensation compared to entry-level roles.

What is contract insurance?

Contract insurance is a type of insurance policy designed to protect parties involved in a contractual agreement from financial losses due to specific risks outlined in the contract. This coverage typically addresses issues such as non-performance, damage, or loss that may occur during the execution of a contract. Businesses often use contract insurance to manage risks and ensure all parties fulfill their obligations. It can be customized depending on the nature of the contract and the potential risks involved. Contract insurance provides peace of mind and financial protection for both contractors and clients.
What are the most commonly searched types of Insurance jobs in Burr Ridge, IL? The most popular types of Insurance jobs in Burr Ridge, IL are:
What cities near Burr Ridge, IL are hiring for Contract Insurance jobs? Cities near Burr Ridge, IL with the most Contract Insurance job openings:
Contract Insurance jobs near you

Insurance Coordinator

First Industrial Realty

Chicago, IL • On-site

Other

Posted 27 days ago

Job description

Compliance Analyst

Investigates, analyzes, and determines compliance of tenants/vendors with lease and contract insurance requirements for assigned region(s). Responsible to collect and verify that active tenants and vendors have valid COIs on file at all times. Supports Company's contractual risk transfer program by collecting and verifying timely renewals of Certificates of Insurance (COI's). Reviews and approves incoming COIs and documents insurance policy data in the Company's proprietary tracking software applications. Analyzes lease agreements and vendor contracts to confirm accuracy of contract requirement data input to the software applications. Resolves non-compliance with contract requirements. Interacts with Corporate Insurance/Risk Management when needed to adjust contract requirements or complete internal waiver documentation.

Essential Job Functions
  1. Analyze and interpret lease and vendor contract language to ensure compliance and support insurance coordination efforts.
  2. Performs the collection, analysis, and data input of Certificate of Insurance "COI" data with accuracy and timeliness.
  3. Interacts with tenants, vendors and assigned regional offices to identify and resolve outstanding COI compliance issues, including confirmation that appropriate leases and contracts are scanned into AskFred/OnBase.
  4. Become proficient in the Company COI tracking software applications and follow established review process.
  5. Ability to comprehend insurance policies, cancellations, reinstatements, endorsements and other insurance-related documents.
  6. Follows up with insurance agents, brokers, tenants and vendors when necessary to obtain outstanding COIs.
  7. Processes internal waiver forms for tenants or vendors, where appropriate and as approved by regional VPO and Corporate Insurance/Risk Management
  8. Performs related functions such as running periodic compliance reports, responding to routine questions from assigned manager and Corporate Insurance/Risk Management. Assists in fielding questions regarding the annual Loss Control Report Card.
  9. Performs other duties as assigned, some of which may be essential to the job.

Knowledge, Skills & Abilities

  1. Must have knowledge of customary property/casualty insurance policies, COI evidence and their relationship to real estate. Bachelor's degree and/or experience in audit or compliance is preferred.
  2. Must possess strong analytical skills to effectively interpret and understand lease and vendor contract language
  3. Good interpersonal, written and telephone communication skills to respond promptly to internal and external inquiries with courtesy and professionalism.
  4. Strong organization and time management skills, able to work independently adhering to deadlines.
  5. Computer skills necessary to enter and manipulate words and data and use the Company's proprietary software to communicate with others, prepare documentation, and/or analyze data.
  6. Internal Contacts: All levels of personnel within the corporate and regional offices to gather and exchange information.
  7. External Contacts: Insurance agents/brokers, tenant and vendor representatives.

Physical Requirements

  1. Work requires regularly sitting for extended periods of time when working with computer system.
  2. Work performed in a normal office environmental where there are relatively few physical discomforts due to dust, dirt and noise.

Equal Employment Opportunity

First Industrial Realty Trust, Inc. is an Equal Opportunity Employer Committed to Diversity, M/F/D/V

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