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Entry Level Risk Analyst Jobs in Madison, NJ (NOW HIRING)

Initio Capital

Fund Manager

New York, NY · Remote

$145K - $185K/yr

... (Entry-Level) - Initio Capital Talent Network Location: San Francisco, CA or New York, NY ... risk management. Fund Managers often collaborate with investment analysts, senior portfolio ...

Balfour Beatty

Tax Accountant

Woodcliff Lake, NJ · On-site

$59.80K - $99.74K/yr

Research and analyze tax laws and prepare final field reports for risk assessment reviews ... Internship or entry-level experience in corporate tax or public accounting * Exposure to ASC 740 ...

Elite Partners LLC

Insurance Sales Agent

Manhattan, NY · On-site

$65K - $85K/yr

The ideal candidate for our entry-level insurance agent position has the solid communication skills ... Develop risk management strategies for each customer to ensure his or her policy needs are ...

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How much do entry level risk analyst jobs pay per hour?

As of May 29, 2026, the average hourly pay for entry level risk analyst in Madison, NJ is $41.73, according to ZipRecruiter salary data. Most workers in this role earn between $30.72 and $50.82 per hour, depending on experience, location, and employer.

What is an Entry Level Risk Analyst job?

An Entry Level Risk Analyst is responsible for identifying, assessing, and mitigating risks that could impact an organization’s financial stability and operations. They analyze data, create reports, and assist in developing risk management strategies under the guidance of senior analysts. This role typically involves working with financial models, market trends, and regulatory guidelines to support decision-making. Strong analytical skills, attention to detail, and proficiency in risk assessment tools are essential for success in this position.

What are the key skills and qualifications needed to thrive in the Entry Level Risk Analyst position, and why are they important?

To thrive as an Entry Level Risk Analyst, you need strong analytical abilities, attention to detail, and a foundational understanding of finance, economics, or a related field, often supported by a relevant bachelor’s degree. Familiarity with risk management software, Excel, and data analysis tools is advantageous, and some companies value certifications like FRM or CFA Level I. Excellent communication, problem-solving skills, and the ability to work collaboratively make candidates stand out in this role. These skills and qualities are critical for accurately assessing risks, providing actionable insights, and supporting effective decision-making within the organization.

What are some typical challenges faced by Entry Level Risk Analysts, and how can new hires prepare for them?

Entry Level Risk Analysts often face challenges such as quickly interpreting large volumes of complex data, adapting to evolving regulatory requirements, and learning industry-specific risk assessment methodologies. New hires can prepare by familiarizing themselves with common risk metrics, staying updated on regulatory changes, and practicing effective data analysis. It's also helpful to proactively seek guidance from more experienced team members and participate in relevant training sessions. With diligence and curiosity, most analysts develop confidence and expertise rapidly in this collaborative, knowledge-driven work environment.
More about Entry Level Risk Analyst jobs
What cities near Madison, NJ are hiring for Entry Level Risk Analyst jobs? Cities near Madison, NJ with the most Entry Level Risk Analyst job openings:
Entry Level Risk Analyst jobs near you
Employee Benefits Account Specialist

Employee Benefits Account Specialist

Foundation Risk Partners

New York, NY • On-site

$65K - $75K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 24 days ago

Job description

Foundation Risk Partners, one of the fastest growing insurance brokerage and consulting firms in the US, is adding an Employee Benefits Account Specialist to their Corporate Synergies team in New York Metro Region.
Job Summary:
Essential to developing a strong foundation in employee benefits brokerage/consulting, the Account Specialist (AS) is an entry-level position, responsible for developing the industry knowledge/skills necessary to support Sales, Account Management and Underwriting (the team) with activities related to marketing, sales, and service of multiple client accounts (Book of Business).
Essential Functions:
  • Maintain up-to-date client files/internal systems in accordance with CSG's standard protocols.
  • Support the various pre-renewal/renewal/post-renewal and wellness activities.
  • Coordinate data gathering for reporting efforts (analytical, compliance, etc.).
  • Complete training/professional development to gain understanding of the industry and CSG.
  • As part of the client life-cycle (on-boarding, ongoing support and renewal), assist/support the Account Management and Underwriting Team for all lines of coverage by:
    • Gathering all necessary data to fulfill our obligations (including the outreach to carriers and client to secure information)
    • Supporting the team with the preparation, analysis and delivery of materials that makeup the deliverable (i.e. exhibits, reports and presentations)
    • Completing/fulfilling assigned implementation tasks associated with client related projects
    • Coordinating activities and successfully completing regulatory tasks (i.e. 5500's, ACA and other notices/disclosures) throughout the year
    • Prepare standard and ad-hoc reports (as needed)
    • Tracking receipt of deliverables and update the Annual Action Plan to ensure both the accuracy and timeliness of materials
    • Participating (whenever appropriate) in client meetings/presentations
  • At various times throughout the year (i.e. Open Enrollment), prepare and review employee education and communication materials (i.e. Benefit Guides).
  • Assist in the coordination Open Enrollment activities (includes conducting meetings).
  • Maintain internal systems (i.e. BenfitPoint and Oracle) and client files in accordance with CSG's data standards and filing requirements.
  • Perform necessary steps (including timely follow-up) to help resolve client service or claim issues/inquiries and/or administrative concerns.
  • Interact with carriers and vendors on behalf of the client and the team.

Competencies & Qualifications:
  • Strong attention to detail, well organized and responsive,
  • Strong desire and willingness to learn all aspects of:
    • CSG suite of services and available solutions
    • Insurance and healthcare related products
    • Regulatory and compliance related matters (including healthcare reform)
  • Very comfortable with numbers
  • Proficient in Microsoft Excel, PowerPoint, Word and Publisher
  • Ability to quickly learn new skills
  • Comfortable working independently as well as in a team environment
  • Ability to establish relationships
  • Strong oral and written communication skills
  • Ability to multi-task and demonstrate composure/resilience under pressure - Comfortable switching between clients and tasks to meet deadlines
  • Basic understanding of insurance and healthcare.

Education & Experience:
  • Education - High School Diploma, Bachelor's Degree preferred.
  • Experience - Entry level position requiring no previous job experience
  • Licensure/Certification - State Specific Resident Life & Health License is required within six months from date of hire.

This range represents the estimated low and high end of the salary range for this position. Actual salaries will vary and may be above or below the range based on factors including but not limited to performance, location, and experience. The range listed is just one component of FRP's total compensation package for employees.
Pay Transparency Range
$65,000-$75,000 USD
Disclaimer:
While this job description is intended to be an accurate reflection of the job requirements, management reserves the right to modify, add, or remove duties from particular jobs and to assign other duties as necessary.
Equal Employment Opportunity (EEO):
FRP provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or any other classifications protected by law.
Benefits:
FRP offers a comprehensive range of health-related benefit options including medical, vision, and dental. We offer a 401(k) with company match, company paid life insurance, STD, LTD and a generous PTO policy starting at 18 days per year plus 10 paid holidays & 2 floating holidays!

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