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Entry Level Risk Analyst Jobs in Schaumburg, IL (NOW HIRING)

CRC Group

Account Executive

Chicago, IL · On-site

$60K - $75K/yr

Analyze client needs and risk exposures to help develop appropriate coverage strategies and ... FUNCTIONAL SKILLS * Entry-level, foundational knowledge of insurance products, risk concepts, and ...

Tihinsurance

Account Executive

Chicago, IL

$60K - $75K/yr

Analyze client needs and risk exposures to help developappropriate coveragestrategies and insurance ... FUNCTIONAL SKILLS * Entry-level, foundational knowledge of insurance products, risk concepts, and ...

Pwc

SAP GTS Sr Associate

Chicago, IL · On-site

$77K - $202K/yr

... in SAP Governance, Risk and Compliance (GRC) - Utilizing SAP BW/4HANA for data analytics and ... PwC does not intend to hire experienced or entry level job seekers who will need, now or in the ...

Pwc

AI Governance Sr Associate

Chicago, IL · On-site

$72K - $212K/yr

... Risk and Compliance team, where you will leverage your skills to analyze complex problems and ... PwC does not intend to hire experienced or entry level job seekers who will need, now or in the ...

Pwc

Full-Stack Cloud Engineer

Chicago, IL · On-site

$77K - $202K/yr

Within our Risk Consulting practice, you will focus on creating applications that revolutionize ... PwC does not intend to hire experienced or entry level job seekers who will need, now or in the ...

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All JobsRisk Analyst JobsEntry Level Risk Analyst JobsEntry Level Risk Analyst Jobs in Schaumburg, IL

Entry Level Risk Analyst information

See Schaumburg, IL salary details

$15

$39

$64

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

As of Aug 13, 2026, the average hourly pay for entry level risk analyst in Schaumburg, IL is $39.76, according to ZipRecruiter salary data. Most workers in this role earn between $29.28 and $48.41 per hour, depending on experience, location, and employer.

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?

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.

Can I be an entry level risk analyst without a degree?

Entry level risk analyst positions typically require a bachelor's degree in fields like finance, economics, or related areas, but some employers may consider candidates with relevant experience, certifications, or strong analytical skills. Demonstrating proficiency in data analysis tools and understanding risk management concepts can also improve your chances without a formal degree.

How hard is it to become an entry level risk analyst?

Becoming an entry level risk analyst typically requires a bachelor's degree in finance, economics, or a related field, along with strong analytical skills and proficiency in data analysis tools like Excel or SQL. Gaining relevant internships or certifications such as the Financial Risk Manager (FRM) can also improve job prospects, but the overall entry process is accessible with the right education and skills.

How to become an entry level risk analyst with no experience?

To become an entry level risk analyst with no experience, focus on gaining relevant skills such as data analysis, Excel, and basic understanding of risk management principles through online courses or certifications. Internships, volunteering, or entry-level positions in related fields can provide practical experience, and a bachelor's degree in finance, economics, or a related field is often required.

What qualifications do I need to be an entry level risk analyst?

An entry-level risk analyst typically needs a bachelor's degree in finance, economics, statistics, or a related field. Strong analytical skills, proficiency in Excel and data analysis tools, and knowledge of risk management principles are also important for this role.
What are the most commonly searched types of Risk Analyst jobs in Schaumburg, IL? The most popular types of Risk Analyst jobs in Schaumburg, IL are:
What are popular job titles related to Entry Level Risk Analyst jobs in Schaumburg, IL? For Entry Level Risk Analyst jobs in Schaumburg, IL, the most frequently searched job titles are:
What job categories do people searching Entry Level Risk Analyst jobs in Schaumburg, IL look for? The top searched job categories for Entry Level Risk Analyst jobs in Schaumburg, IL are:
What cities near Schaumburg, IL are hiring for Entry Level Risk Analyst jobs? Cities near Schaumburg, IL with the most Entry Level Risk Analyst job openings:
Entry Level Risk Analyst jobs near you
Infographic showing various Entry Level Risk Analyst job openings in Schaumburg, IL as of August 2026, with employment types broken down into 1% As Needed, 84% Full Time, 11% Part Time, and 4% Contract. Highlights an 87% Physical, 5% Hybrid, and 8% Remote job distribution, with an average salary of $82,691 per year, or $39.8 per hour.

Account Executive

CRC Group

Chicago, IL • On-site

$60K - $75K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 19 days ago

Job description

The position is described below. If you want to apply, click the Apply button at the top or bottom of this page. You'll be required to create an account or sign in to an existing one.
If you have a disability and need assistance with the application, you can request a reasonable accommodation. Send an email to Accessibility (accommodation requests only; other inquiries won't receive a response).
Regular or Temporary:
Regular
Language Fluency: English (Required)
Work Shift:
1st Shift (United States of America)
Please review the following job description:
The Underwriter Development Representative role is focused on building foundational knowledge and skills across account management, inside sales, brokerage, and underwriting. This role provides hands-on exposure to core insurance functions while supporting team and office activities. The position is intended for individuals at the beginning of their career who are developing the capabilities needed for future growth in a production, service, or brokerage environment.
KEY RESPONSIBILITIES:
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
  • Learn and support new and renewal business activities, including soliciting, marketing, quoting, binding, and confirming coverage for assigned accounts

  • Build foundational skills in account management by developing client relationships and learning how to identify opportunities for retention and expansion

  • Partner with carriers and internal stakeholders to learn the placement process and support resolution of account needs

  • Analyze client needs and risk exposures to help develop appropriate coverage strategies and insurance solutions

  • Collaborate with internal teams, including support staff and specialists, while learning processes that support timely execution, accuracy, and compliance with company standards

  • Develop proficiency in maintaining accurate account documentation and following established policies, procedures, and service expectations

  • Build knowledge of insurance products, carrier markets, account management, and client service practices to support long-term development in the role

  • Gain exposure to market conditions, emerging risks, and competitive trends to support learning and development in business and placement strategy

EDUCATION AND EXPERIENCE
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
  • Bachelor's degree, relevant coursework, or equivalent combination of education and experience preferred

  • Internship, coursework, or prior experience in insurance, brokerage, sales support, client service, or a related field preferred

  • Interest in developing skills in account management, business development, and client relationship support

  • Ability to learn coverage concepts, market practices, and production workflows in a fast-paced, team-oriented environment

CERTIFICATIONS / LICENSES / REGISTRATIONS
  • Appropriate state-specific insurance license required. Professional designations such as CPCU, CIC, or ARM may be preferred.

FUNCTIONAL SKILLS
  • Entry-level, foundational knowledge of insurance products, risk concepts, and market practices

  • Ability to develop effective working relationships with clients, carriers, and internal stakeholders

  • Strong analytical abilities to be able to support development of insurance solutions

  • Organizational and time management skills to manage competing priorities and deadlines

  • Attention to detail and ability to maintain accuracy in documentation and workflow execution

  • Ability to learn quickly, apply feedback, and build effectiveness in an entry-level production environment

The annual base salary for this position is $60,000.00 - $75,000.00.
General Description of Available Benefits for Eligible Employees of CRC Group: At CRC Group, we're committed to supporting every aspect of teammates' well-being - physical, emotional, financial, social, and professional. Our best-in-class benefits program is designed to care for the whole you, offering a wide range of coverage and support. Eligible full-time teammates enjoy access to medical, dental, vision, life, disability, and AD&D insurance; tax-advantaged savings accounts; and a 401(k) plan with company match. CRC Group also offers generous paid time off programs, including company holidays, vacation and sick days, new parent leave, and more. Eligible positions may also qualify for restricted stock units and/or a deferred compensation plan.
CRC Group supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. CRC Group is a Drug Free Workplace.
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