Description - External The Risk Analyst is Lockton' Northeast's entry level position and is designed for a recent college graduate or experienced professional with 1 to 2 years of relevant insurance ...
Description - External The Risk Analyst is Lockton' Northeast's entry level position and is designed for a recent college graduate or experienced professional with 1 to 2 years of relevant insurance ...
Description - External The Risk Analyst is Lockton' Northeast's entry level position and is designed for a recent college graduate or experienced professional with 1 to 2 years of relevant insurance ...
Description - External The Risk Analyst is Lockton' Northeast's entry level position and is designed for a recent college graduate or experienced professional with 1 to 2 years of relevant insurance ...
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The Risk Analyst is Lockton' Northeast's entry level position and is designed for a recent college graduate or experienced professional with 1 to 2 years of relevant insurance experience. The Analyst ...
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The Risk Analyst is Lockton' Northeast's entry level position and is designed for a recent college graduate or experienced professional with 1 to 2 years of relevant insurance experience. The Analyst ...
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Entry Level Risk Analyst information
See New Brunswick, NJ salary details
$15.88 - $20.61
3% of jobs
$20.61 - $25.35
7% of jobs
$25.35 - $30.08
12% of jobs
$31.01 is the 25th percentile. Wages below this are outliers.
$30.08 - $34.82
15% of jobs
$34.82 - $39.56
13% of jobs
The median wage is $39.71 / hr.
$39.56 - $44.29
16% of jobs
$44.29 - $49.03
8% of jobs
$49.62 is the 75th percentile. Wages above this are outliers.
$49.03 - $53.76
11% of jobs
$53.76 - $58.50
6% of jobs
$58.50 - $63.23
6% of jobs
$63.23 - $67.97
3% of jobs
$15
$41
$67
How much do entry level risk analyst jobs pay per hour?
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 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 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.

Full-time
Posted 4 days ago
Lockton rating
9.0
Based on 47 frontline employees who took The Breakroom Quiz
36th of 298 rated insurance
Job description
Description - External
The Risk Analyst is Lockton' Northeast's entry level position and is designed for a recent college graduate or experienced professional with 1 to 2 years of relevant insurance experience. The Analyst is the primary service contact for an assigned book of Property and Casualty business and is responsible for developing a strong working relationship with clients, carriers, and Lockton team members. This role will be part of our Career Foundations Program, which is designed to provide the technical and practical training needed to develop the Risk Analyst as they look forward to a successful and long-term career in the Lockton Northeast Series. The Analyst is responsible for day-to-day Client service and renewal support to Client Managers, Sr. Client Managers, and/or Account Executives. A high performing and successful Analyst will provide great customer service and support to the broader client team.
Core Responsibilities
- Supports the Account Executives, Senior Client Managers and Client Managers in:
- Responding to Client's inquiries, maintaining documentation of communications, existing issues, and issue resolutions
- The implementation of new lines of coverage by setting up account, collecting needed documentation, and reviewing plan details with Client and Carrier
- Providing Client service aligned with Lockton Northeast processes and protocols and our overall Client Engagement strategy
- Gathering and compiling exposure information from the Client, including compiling loss-run schedules and client stratifications
- Requesting and securing quotes from carriers
- Audits, quotes, binders, and endorsements and makes requests for changes as needed
- Following up for insurance policies then updates and completes policy check to ensure completeness
- Updating specifications, application, and summary information to reflect changes during the year
- Informing Client of any and all changes that may affect insurance premiums or coverage
- Creating and sending compliance communications as needed
- Preparing / drafting Client Engagement documents (Renewal Strategy, Stewardship and Renewal Presentations)
- Works with TSA to issue and process Invoices, Certificates of Insurance and Auto ID Cards
- Resolves accounting issues
- Performs other responsibilities and duties as needed
A successful candidate will have:
• An eagerness and enthusiasm to learn and be a part of their respective Unit or Practice
• Strong interpersonal skills and ability to communicate effectively and professionally, both verbally and in writing
• An ability to excel at multi-tasking, adapting to change and working on tight deadlines to meet our clients' needs
• An ability to manage time, prioritize and ensure that deadlines are met without compromising quality
• The entrepreneurial spirit, with a desire to learn the Property and Casualty insurance industry and grow within the company
• The initiative to actively participate in the Career Foundations Program and to pursue technical excellence through professional designations, industry workshops etc.
Requirements:
• Bachelor's degree in a business-related program preferred or equivalent education and/or experience required
• Ability to efficiently organize work and manage time in order to meet deadlines
• Exceptional verbal, written, and interpersonal skills
• Ability to comply with all company policies and procedures, proactively protecting confidentiality of client and company information
• Willingness and ability to work outside of normal business hours and travel as needed
• Strong knowledge of Microsoft Office Suite (Word, Outlook, Excel, and PowerPoint)
• Legally able to work in the United States