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Director Of Risk Management Jobs in Worcester, MA

Insurance & Risk Analyst

Milford, MA · On-site

$80K - $100K/yr

Director of Risk Management Supervisory Duties: No Salary Range: $80,000 - $100,000 The Insurance & Risk Analyst is a key member of the Risk Management team, supporting the identification, analysis ...

Insurance & Risk Analyst

Milford, MA · On-site

$80K - $100K/yr

Director of Risk Management Supervisory Duties: No Salary Range: $80,000 - $100,000 The Insurance & Risk Analyst is a key member of the Risk Management team, supporting the identification, analysis ...

... of Risk Management is also responsible for analysis, projections, and assessment of Medicare ... Direct, hands-on RADV experience - working fluency with the CMS-HCC model, including the V24-V28 ...

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Director Of Risk Management information

See Worcester, MA salary details

$53.9K

$142.9K

$259.4K

How much do director of risk management jobs pay per year?

As of Aug 3, 2026, the average yearly pay for director of risk management in Worcester, MA is $142,873.00, according to ZipRecruiter salary data. Most workers in this role earn between $105,300.00 and $167,100.00 per year, depending on experience, location, and employer.

What is the highest paying risk management job?

The highest paying risk management roles are often executive-level positions such as Chief Risk Officer (CRO) or Vice President of Risk Management, with salaries exceeding $200,000 annually. These roles typically require extensive experience, advanced certifications like FRM or CRM, and strong leadership skills in overseeing enterprise-wide risk strategies.

What does a risk management director do?

A risk management director oversees an organization’s risk assessment and mitigation strategies to minimize financial, legal, and operational risks. They develop policies, analyze potential threats, and coordinate with other departments to ensure compliance and safety, often using risk management software and requiring relevant certifications. Their role involves strategic planning and leadership to protect the organization’s assets and reputation.

What does a director of risk management make?

A director of risk management typically earns a salary ranging from $100,000 to $200,000 annually, depending on industry, experience, and location. They often oversee risk assessment, mitigation strategies, and compliance efforts within organizations, requiring strong analytical and leadership skills.

What is the difference between Director Of Risk Management vs Risk Analyst?

AspectDirector Of Risk ManagementRisk Analyst
CredentialsTypically requires advanced degrees (e.g., MBA, Risk Management certifications)Bachelor's degree in finance, risk management, or related field
Work EnvironmentStrategic leadership, overseeing risk policies and teamsData analysis, risk assessment, supporting risk management strategies
Industry UsageUsed in large corporations, financial institutions, insurance companiesCommon in finance, insurance, and corporate sectors

The Director Of Risk Management focuses on strategic oversight and leadership in risk policies, while the Risk Analyst handles data analysis and risk assessment tasks. Both roles are essential in risk management but differ in scope and seniority.

How much does a head of risk management make?

A Director of Risk Management typically earns between $90,000 and $180,000 annually, depending on industry, experience, and location. Senior risk managers with certifications like CRM or FRM may earn higher salaries, especially in large organizations or financial sectors.
What are popular job titles related to Director Of Risk Management jobs in Worcester, MA? For Director Of Risk Management jobs in Worcester, MA, the most frequently searched job titles are:
What job categories do people searching Director Of Risk Management jobs in Worcester, MA look for? The top searched job categories for Director Of Risk Management jobs in Worcester, MA are:
What cities near Worcester, MA are hiring for Director Of Risk Management jobs? Cities near Worcester, MA with the most Director Of Risk Management job openings:
Infographic showing various Director Of Risk Management job openings in Worcester, MA as of July 2026, with employment types broken down into 1% As Needed, 79% Full Time, 18% Part Time, 1% Temporary, and 1% Contract. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution, with an average salary of $142,873 per year, or $68.7 per hour.

$80K - $100K/yr

Full-time

Re-posted 17 days ago


Job description

Employment Type:   Full-Time 

FSLA:  Salary/Exempt 

Division:  Finance  

Department:  Risk Management 

Reports to:  Director of Risk Management 

Supervisory Duties: No 

Salary Range: $80,000 - $100,000

The Insurance & Risk Analyst is a key member of the Risk Management team, supporting the identification, analysis, and management of project-related risk across a diverse portfolio of construction projects. This role works closely with Project Teams, Insurance Brokers, and internal partners including Marketing and Legal to ensure that insurance requirements, coverage, and compliance documentation are managed accurately and effectively. The position provides hands-on exposure to construction risk, insurance placement, and coverage evaluation in a fast-paced, collaborative environment. 

Responsibilities / Essential Functions 
  • Review project insurance requirements and contracts to ensure compliance and identify coverage gaps 
  • Secure insurance quotes and facilitate coverage changes as needed 
  • Request and obtain certificates of insurance through insurance brokers 
  • Support management of Builder's Risk across projects, including data gathering, coverage review, and policy tracking 
  • Evaluate coverage needs, including Difference in Conditions and Deductible Buydown opportunities 
  • Coordinate procurement of Payment & Performance Bonds, including documentation and broker/surety coordination 
  • Review insurance invoices and deductible billings for accuracy and track associated costs 
  • Provide support for CCIP and OCIP programs 
  • Collaborate with Project Teams, brokers, and internal stakeholders to manage risk effectively 
  • Assist the Risk Management Department with additional needs as required 
Key Skills 
  • Strong verbal and written communication skills 
  • Ability to manage multiple priorities and meet deadlines 
  • Strong attention to detail and organizational skills 
  • Analytical and problem-solving mindset 
  • Ability to work collaboratively across teams and departments 
  • Proactive, self-motivated, and adaptable in a fast-paced environment 
  • Strong team player with a positive and professional approach 
Required Experience  
  • Bachelor's degree required 
  • 3-5+ years of relevant industry experience 
  • Working knowledge of insurance coverage types, terms, and policy structures 
  • Experience in construction insurance, brokerage, or carrier environment preferred 
  • Familiarity with construction projects and risk management practices 
  • Experience supporting insurance programs in Massachusetts and New York preferred 
  • Proficiency in Microsoft Office, including Excel