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Contract Risk Jobs in Chicago, IL (NOW HIRING)

Manager Contract Services

Chicago, IL ยท On-site

$110K - $181K/yr

Independently reviews, drafts, negotiates, and executes complex and high-risk contracts, ensuring alignment with Medical Center policies and legal standards. * Contract types include but are not ...

Manager, Contract Manager

Chicago, IL ยท On-site

$91K - $122K/yr

Drafting and/or redlining contracts to ensure that Capital One is adequately protected from risk by leveraging industry best practices and subject matter expertise, including from a myriad of line of ...

Ensure high-risk contracts are reviewed and adjusted as needed. * Support regulatory and internal audits related to contracts. * Process contract requests submitted across HubSpot and Ironclad, and ...

Contract Administrator

Rolling Meadows, IL ยท On-site

$72K - $108K/yr

Monitor contract and associated program to ensure that contractual obligations are communicated and ... risk mitigation strategies. Assist management in achieving financial goals related to cash ...

Ensure contracts comply with company policies, risk parameters, and relevant laws. * Identify and resolve potential risks within the scope of established playbook rules. * Navigate organizational ...

Contracts Administrator

Chicago, IL ยท On-site

$75K - $85K/yr

Prepare contract redlines and coordinate negotiations with customers, suppliers, and business partners. * Ensure contracts comply with company policies, risk management standards, and approved ...

Ensure contracts comply with company policies, risk parameters, and relevant laws. * Identify and resolve potential risks within the scope of established playbook rules. * Navigate organizational ...

Ensure contracts comply with company policies, risk parameters, and relevant laws. * Identify and resolve potential risks within the scope of established playbook rules. * Navigate organizational ...

Ensure high-risk contracts are reviewed and adjusted as needed. * Support regulatory and internal audits related to contracts. * Process contract requests submitted across HubSpot and Ironclad, and ...

Ensure contracts comply with company policies, risk parameters, and relevant laws. * Identify and resolve potential risks within the scope of established playbook rules. * Navigate organizational ...

Contract Manager

Northbrook, IL ยท Hybrid

$60K - $145K/yr

This is a great opportunity for someone with procurement, vendor management, contract administration, or risk/compliance experience who wants broader exposure to a large enterprise environment and ...

Showing results 41-60

Contract Risk information

See Chicago, IL salary details

$14

$31

$76

How much do contract risk jobs pay per hour?

As of Sep 12, 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 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 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 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 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:

Infographic showing various Contract Risk job openings in Chicago, IL as of September 2026, with employment types broken down into 88% Full Time, 6% Part Time, and 6% Temporary. Highlights an 83% In-person, 6% Hybrid, and 11% Remote job distribution, with an average salary of $65,002 per year, or $31.3 per hour.

Risk and Insurance Manager

Elgin, IL โ€ข On-site

Elgin Community College
Colleges, Universities, and Professional Schoolsย โ€ขย 1 - 5K employees

$63K - $84K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 18 days ago


Job description

About ECC:
Elgin Community College serves over 9,000 students at every stage of their educational journeys, including university transfer programs, career and technical education, continuing education classes, and adult basic education. As a community, we pride ourselves on nurturing a welcoming campus where every person-students, staff members, faculty members, and campus visitors-feels valued. The work of each ECC employee is central to the college's mission, and as an employer, the college fosters a positive environment through professional challenges, excellent benefits, and opportunities for recognition and camaraderie.
Work Schedule:
8 am - 5 pm monday - friday. Must be willing to work a flexible schedule to meet the needs of the department.
Rate of Pay:
This is a Full-Time Administrative position at grade 15, with an annual salary range of $63,042 to $84,056. The salary offer will be based on education and experience, in alignment with the College's compensation philosophy and the current Collective Bargaining Agreement (CBA), if applicable.
Benefits:
  • Medical, Dental, Vision Insurance
  • Life and Long-Term Disability Insurance
  • Flexible Spending Account (FSA, DCA, Commuter)
  • Retirement Plans (Pension, 457b, 403b)
  • Time Off with Pay
  • Professional Development/Expense
  • Tuition Reimbursement
  • Employee Assistance Program (EAP)
  • Sick Banks

FLSA Status:
Exempt
Grant Funded:
No
Job Summary:
The Risk and Insurance Manager is responsible for establishing and advancing comprehensive, campus-wide risk management practices that protect the safety, assets, and operational integrity of the college. This role identifies, assesses, and mitigates risks by collaborating with departments and cross-functional teams, developing safety policies, and ensuring compliance with federal, state, and local regulations. The position manages the institution's property and casualty insurance programs, works with insurers to reduce loss exposure, and administers property and injury claims. In addition, the Risk and Insurance Manager oversees the college-wide business contract process, including intake, redlining, negotiation, assessment of contractual risk, and coordination of final approval and signatures. The role also serves as the Planning Officer on the Emergency Operations Committee (EOC), contributing to emergency preparedness and institutional resilience.
Required Knowledge, Skills & Abilities:
1. Bachelor's degree with 3 years' experience in risk management or contract administration, or relevant work experience, or an equivalent combination of training and experience.
2. Certified School Risk Manager certification (CSRM) required. Candidates without the certification must enroll in the program within the first six months of employment.
3. Working knowledge of insurance policies, contracts, safety standards, and risk management terminology.
4. Must possess and maintain a valid Illinois Driver's License.
5. Advanced proficiency in Microsoft Office applications.
6. Understanding of and proficiency in risk management regulations and laws applicable to higher education, including areas such as construction, athletics, student travel and activities, classroom and lab safety, insurance claims, liability, study abroad programs, international student issues, faculty travel, and legal compliance.
7. Understanding and application of contract law, including interpreting, evaluating, redlining, and proposing contract language, and effectively negotiating terms with vendors. Strong analytic, written and oral communication skills.
8. Strong analytical abilities and excellent written and oral communication skills.
9. Ability to work effectively with internal and external stakeholders; demonstrated customer service skills; ability to maintain strict confidentiality and exercise diplomacy in all interactions.
10. Demonstrated ability to manage multiple tasks in a dynamic environment; strong organizational skills; adaptability; teamwork; and creative problem-solving abilities.
Desired Knowledge, Skills & Abilities:
N/a
Essential Duties:
Risk Management:
1. Create, implement, and oversee comprehensive risk management functions, including administering the College's insurance program through review, evaluation, and presentation of recommendations to the Board for adequate coverage.
2. Evaluate College activities and programs to determine acceptable and unacceptable levels of risk to students, employees, and visitors, applying the guiding principle: "How do we get to yes?" to safely facilitate campus offerings.
3. Serve on the Safety Committee; lead ad hoc risk evaluation meetings, especially when certificates of insurance (COIs) are required; coordinate departmental safety inspections; assist with mitigation of findings; and collaborate with committee members to promote a safe working and learning environment.
4. Foster a campus culture of risk awareness and safety. Identify opportunities to reduce incident frequency and severity; develop and oversee mitigation initiatives; and partner with Human Resources to recommend training and risk reduction measures. Maintain working knowledge of OSHA requirements.
5. Collaborate with the College's insurance broker and carriers to analyze loss reports, claims, and industry trends, and recommend appropriate insurance coverages and deductible levels to the AVP and Vice President of Business & Finance.
6. Manage the claims administration process for general liability and property claims from incident through resolution. Serve as liaison to internal and external personnel-including city, fire, or College police officials; architects; engineers; contractors; and College leadership-to ensure complete information exchange and remediation of any fire or code violations.
7. Oversee claims involving students, athletes, and visitors, ensuring hazards or unsafe practices are addressed. Coordinate with insurance carriers, ECC Police, Operations & Maintenance, staff, students, parents, and medical facilities as needed.
8. Analyze insurance requirements and determine appropriate liability limits and documentation for contractors, entertainers, and vendors. Work with College officials, insurers, and contractors to minimize current and future risks to College property and personnel.
9. Collect, review, and ensure compliance of certificates of insurance; maintain detailed tracking spreadsheets to ensure COIs remain current.
10. Serve as budget manager for the risk management function.
11. Complete insurance applications and annual renewals by gathering information across the College. Collaborate with the Internal Auditor on underwriter inquiries or follow up testing.
12. Accompany insurance representatives during inspections, whether claim-related or for general safety. Coordinate with departments to implement appropriate corrective actions.
13. Manage the waiver process for international students' medical insurance, including detailed comparisons of complex policies to ensure they meet ECC standards; make final determinations and communicate decisions directly with students.
14. Serve as Planning Section Chief for the Emergency Operations Committee (EOC), responsible for collecting, evaluating, disseminating, and utilizing incident-related information. Complete required emergency preparedness training.
Contracts:
1. Oversee the College-wide business contract process, including intake, redlining, negotiation with vendors and internal stakeholders, risk assessment of contract terms, and coordination of final signature through appropriate authorities.
2. Communicate regularly with General Counsel, Vice President and AVP of Business & Finance, Managing Director of Business Services, vendors, and College departments to clarify contract terms, resolve discrepancies, and ensure mutually agreeable outcomes.
3. Determine when vendor certificates of insurance are required; obtain COIs as appropriate; exercise discretion to grant waivers when justified.
4. Approve Purchasing's issuance of purchase orders following completion of contract review processes.
5. Monitor and ensure compliance with administrative procedures related to contracts, COIs, and risk assessment. Oversee purchasing activity to verify that required COIs and contracts are secured.
6. Manage the College's contract management system as a system super user. Recommend workflow enhancements, coordinate new form development, implement process improvements, train new users, and collaborate with the systems analyst to test and deploy updates. Oversee the contract review workflow for Procurement, the AVP, VP, and Legal.
7. Supervise temporary or student employees, as applicable.
8. Manage the College's liquor license program, including preparing and submitting local and state applications for sales and BASSET training. Maintain updated insurance requirements and develop appropriate risk-control measures for alcohol use during College-sponsored events.
9. Administer the waiver process for high-risk campus events and activities. Maintain a repository of legally required waivers and coordinate development of new documents with the legal department.
10. Maintain confidentiality of sensitive information and adhere to all applicable privacy laws.
Other Duties:
1. Other duties as assigned that pertain to the job description
Physical Demands:
Light (up to 25 lbs occasionally or 10lbs frequently)
Visual Acuity:
Close visual acuity (e.g. computer, assembly)
Work Environment:
Moderate noise
Environmental Conditions:
Typical office or administrative
Current SSECCA Union Member Information:
The initial posting date for this position is 06/25/26. Elgin Community College Support Staff Association (SSECCA) members that apply by 07/06/2026 and meet the posted minimum qualifications will receive full consideration.
Equal Employment Opportunity Statement:
Elgin Community College does not discriminate, or tolerate discrimination, against any member of its community on the basis of race, color, national origin, ancestry, sex/gender/gender identity, age, religion, disability, pregnancy, veteran status, marital status, sexual orientation, or any other status protected by applicable federal, state or local law in matters of admissions, employment, or in any aspect of the educational programs or activities it offers.
In addition, Elgin Community College provides reasonable accommodations to qualified individuals with disabilities to ensure equal access and equal opportunities with regard to employment practices, educational opportunities, and programs and services. If you need a reasonable accommodation for any part of the application and hiring process, please notify the College's EEO/AA Officer. Determinations on request for a reasonable accommodation will be made on a case-by-case basis.