1

Contract Risk Jobs in Chicago, IL (NOW HIRING)

Director, Risk Control

Chicago, IL · Remote

$150K - $165K/yr

Strong knowledge of construction operations, delivery systems, contracts, and contractual risk transfer * Experience across general building, heavy civil/highway, and specialty trades * General ...

Director, Risk Control

Chicago, IL · Remote

$150K - $165K/yr

Strong knowledge of construction operations, delivery systems, contracts, and contractual risk transfer * Experience across general building, heavy civil/highway, and specialty trades * General ...

... contract handling. * Collaborate with team attorneys to share best practices, align and document negotiation and risk management strategies. * Advise internal clients with respect to policies and ...

... contract handling. * Collaborate with team attorneys to share best practices, align and document negotiation and risk management strategies. * Advise internal clients with respect to policies and ...

... contract handling. * Collaborate with team attorneys to share best practices, align and document negotiation and risk management strategies. * Advise internal clients with respect to policies and ...

... contract handling. * Collaborate with team attorneys to share best practices, align and document negotiation and risk management strategies. * Advise internal clients with respect to policies and ...

... contract handling. * Collaborate with team attorneys to share best practices, align and document negotiation and risk management strategies. * Advise internal clients with respect to policies and ...

... contracts, margin, risk and Globex credit limits Background in developing and maintaining risk policies, processes, procedures, and standards Execute SQL queries and apply knowledge of database ...

Contract Manager - Payer

Bannockburn, IL

$92.40K - $123.50K/yr

Resolve reimbursement issues arising from contract compliance issues for assigned regions when ... Recommends course of action to reduce/minimize risk to the organization. Identifies, and assesses ...

next page

Showing results 1-20

Contract Risk information

See Chicago, IL salary details

$14

$31

$76

How much do contract risk jobs pay per hour?

As of May 30, 2026, the average hourly pay for contract risk in Chicago, IL is $31.25, according to ZipRecruiter salary data. Most workers in this role earn between $20.05 and $39.86 per hour, depending on experience, location, and employer.

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

To thrive as a Contract Risk professional, you need strong knowledge of contract law, risk assessment, and compliance, usually supported by a degree in law, business, or a related field. Familiarity with contract management software, risk analysis tools, and regulatory frameworks is essential. Exceptional attention to detail, negotiation skills, and the ability to communicate complex concepts clearly are vital soft skills. These competencies help ensure that organizations identify, mitigate, and manage contractual risks effectively, protecting their interests and maintaining regulatory compliance.

What are some common challenges faced by professionals in Contract Risk roles, and how can they be addressed?

Professionals in Contract Risk roles often encounter challenges such as navigating ambiguous contract language, managing tight deadlines for risk assessments, and ensuring coordination between legal, compliance, and business teams. Addressing these challenges typically involves developing strong communication skills, utilizing risk management tools, and staying updated on regulatory changes. Building collaborative relationships across departments and participating in ongoing training can also help contract risk professionals effectively mitigate risks and add value to their organizations.

What is contract risk?

Contract risk refers to the potential for financial loss, legal exposure, or operational issues arising from the terms, execution, or management of contracts between parties. This can include risks such as non-performance, ambiguous clauses, regulatory non-compliance, and disputes over contract obligations. Identifying and managing contract risk is essential for organizations to safeguard their interests and ensure smooth business operations. Contract risk professionals assess agreements for potential pitfalls and develop strategies to minimize or mitigate these risks.

What is the difference between Contract Risk vs Contract Administrator?

AspectContract RiskContract Administrator
Primary FocusIdentifying and mitigating contractual risksManaging contract documentation and execution
Required CredentialsLegal or risk management background, certifications in risk managementLegal, administrative, or contract management experience
Work EnvironmentRisk departments, legal teams, project managementContract departments, procurement, project teams

Contract Risk professionals focus on analyzing and reducing contractual risks before and during contract execution, often working closely with legal and risk management teams. Contract Administrators handle the day-to-day management of contracts, ensuring compliance, documentation, and timely execution. While both roles require understanding contracts, Contract Risk emphasizes risk mitigation strategies, whereas Contract Administrators focus on contract administration and operational tasks.

What are the most commonly searched types of Risk jobs in Chicago, IL? The most popular types of Risk jobs in Chicago, IL are:

Director, Risk Control

Archgroup

Chicago, IL • Remote

$150K - $165K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 7 days ago


Job description

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility.

Position Summary:

The Director, Risk Control supports Arch Insurance's Large Account Construction business unit by managing risk control services and collaborating with underwriting to ensure appropriate risk selection, placement and renewal of profitable insurance. This is a senior level, individual contributor role providing expert construction risk control consultation services through assessing construction-related risks, developing strategic risk control strategies, and collaborating with stake holders to implement risk improvement efforts.

Responsibilities and Accountabilities:

  • Partner with Construction Underwriting to prequalify, evaluate, and assess construction risks

  • Provide expert analysis of workers' compensation, general liability, and auto liability exposures

  • Review loss history and identify trends, atypical claims, and catastrophic exposure drivers

  • Develop and deliver consultative risk control strategies to reduce loss frequency and severity

  • Conduct strategic services including loss analyses, contractual risk transfer reviews, fleet risk management, and managementlevel training

  • Collaborate with Claims and service partners to integrate risk control and claims strategies

  • Support new business development, renewals, and key broker and client relationships

  • Participate in construction industry associations and marketfacing activities

Required Skills and Abilities:

  • Strong knowledge of construction operations, delivery systems, contracts, and contractual risk transfer

  • Experience across general building, heavy civil/highway, and specialty trades

  • General liability exposures and controls, including QA/QC programs, subcontractor prequalification, work zone liability, and defect prevention

  • Strategic, consultative mindset with a proven ability to influence underwriting and client decision making

  • Strong collaborator capable of partnering internally with Underwriting and Claims and externally with brokers, producers, and client risk teams

  • Proven ability to influence underwriting decisions through clear, professional risk assessments

  • Willingness to travel up to 25 - 40%

Education and Experience:

  • 10+ years of experience in risk control, construction safety, and/or risk management (insurance carrier experience preferred)

  • Bachelor's degree preferred

  • Professional certifications such as CSP, ARM, CRIS, or similar are

    preferred, but not required

#LI-JD1

#LI-Remote

For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.

For San Francisco, Los Angeles, San Diego: $160,000 - $175,000/year
For Chicago, Denver, St. Paul: $150,000 - $165,000/year

  • Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future.

  • Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401k with generous matching; PTO beginning at 20 days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Paid Parental Leave of up to 10 weeks; Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care; and more. Click here to learn more on available benefits.

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you.If this job isn't the right fit but you're interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch's Talent Acquisition team.

For Colorado Applicants - The deadline to submit your application is:

June 29, 202614400 Arch Insurance Group Inc.