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Entry Level Risk Management Jobs in Park Ridge, IL

Accenture

Data Protection Sr. Analyst

Chicago, IL · Hybrid

$84.80K - $100.70K/yr

... Risk Management). * Participate in requirements gathering, workshops, and documentation efforts ... Prior internship, academic project, or entry-level experience in security or compliance is a plus.

Avanade

Data Protection Sr. Analyst

Chicago, IL · On-site

$84.80K - $100.70K/yr

... Risk Management). * Participate in requirements gathering, workshops, and documentation efforts ... Prior internship, academic project, or entry-level experience in security or compliance is a plus.

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Entry Level Risk Management information

See Park Ridge, IL salary details

$42.8K

$102K

$164.8K

How much do entry level risk management jobs pay per year?

As of May 29, 2026, the average yearly pay for entry level risk management in Park Ridge, IL is $102,045.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,300.00 and $129,900.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as an Entry Level Risk Management professional, and why are they important?

To thrive in Entry Level Risk Management, you need strong analytical skills, attention to detail, and a foundational understanding of finance or business, often supported by a relevant bachelor's degree. Familiarity with risk assessment tools, Microsoft Excel, and sometimes certification courses like FRM or basic compliance training is beneficial. Effective communication, critical thinking, and adaptability help you stand out when presenting findings and collaborating with teams. These skills are essential for accurately identifying and mitigating risks to protect organizational assets and ensure regulatory compliance.

What are some common challenges faced by entry-level risk management professionals, and how can they effectively address them?

Entry-level risk management professionals often face challenges such as quickly understanding complex regulatory requirements and developing strong analytical skills to identify potential risks. Adapting to fast-paced environments and learning to communicate risk assessments clearly to both technical and non-technical stakeholders are also common hurdles. To overcome these challenges, new professionals should seek mentorship, actively participate in team discussions, continuously update their knowledge of industry trends, and utilize available analytical tools and training resources provided by their organization.

What is an entry level risk management job?

An entry level risk management job involves identifying, analyzing, and helping to minimize potential risks that could impact a company’s operations and finances. People in these roles often assist senior risk managers by collecting data, preparing reports, and participating in risk assessments. Typical tasks may include reviewing policies, supporting compliance efforts, and learning to use risk assessment tools. This position serves as the starting point for a career in risk management, offering training and exposure to various aspects of the field.

What is the difference between Entry Level Risk Management vs Entry Level Insurance Underwriter?

AspectEntry Level Risk ManagementEntry Level Insurance Underwriter
Required CredentialsBachelor's degree, certifications like CRM or RIMSBachelor's degree, insurance licenses often preferred
Work EnvironmentCorporate offices, consulting firms, financial institutionsInsurance companies, brokerage firms, underwriting departments
Employer & Industry UsageUsed across finance, insurance, and corporate sectorsPrimarily in insurance industry, underwriting departments
Common Search & ComparisonYesYes

Entry Level Risk Management focuses on identifying and mitigating risks across various industries, requiring certifications like CRM or RIMS. Entry Level Insurance Underwriters evaluate insurance applications and determine policy terms, often needing insurance licenses. Both roles are found in corporate and insurance settings, but risk management has a broader industry application, while underwriting is specific to insurance companies.

What are the most commonly searched types of Risk Management jobs in Park Ridge, IL? The most popular types of Risk Management jobs in Park Ridge, IL are:
What are popular job titles related to Entry Level Risk Management jobs in Park Ridge, IL? For Entry Level Risk Management jobs in Park Ridge, IL, the most frequently searched job titles are:
What job categories do people searching Entry Level Risk Management jobs in Park Ridge, IL look for? The top searched job categories for Entry Level Risk Management jobs in Park Ridge, IL are:
What cities near Park Ridge, IL are hiring for Entry Level Risk Management jobs? Cities near Park Ridge, IL with the most Entry Level Risk Management job openings:
Entry Level Risk Management jobs near you

Risk Management and Insurance Administrator

DMG MORI USA, INC

Hoffman Estates, IL • On-site

Full-time

Posted 21 days ago

Job description

Title

Risk Management and Insurance Administrator

Reporting Manager

Global Commercial Counsel

Location

2400 Huntington Blvd., Hoffman Estates IL 60192

Hours

Monday through Friday, 8am-5pm

Classification

Non-Exempt

Travel

5%


Employment is conditioned on DMG MORI's ability to obtain and maintain any necessary export licensing.

We are seeking a detail-oriented and proactive individual to join our Legal Department as a Risk Management and Insurance Administrator. This entry-level role supports the company’s risk and insurance operations, including billing, claims management, and Legal Department administrative tasks. The ideal candidate will be organized, collaborative, and eager to learn in a fast-paced global environment.

Essential Job Functions:

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skills, and abilities required. Reasonable accommodation may be made to enable qualified individuals with disabilities to perform the essential functions. Responsibilities include up to and not limited to:

  • Assist with processing and tracking insurance claims, including auto, workers’ compensation, and cargo.
  • Coordinate with internal departments and external insurers to gather documentation and follow up on claim status.
  • Maintain accurate records of claims and insurance correspondence.
  • Review and process insurance and Legal Department invoices and billing statements
  • Assist with budget tracking and reporting for insurance and legal expenses
  • Provide administrative assistance to legal team, including document preparation, filing, and scheduling.
  • Maintain and organize Legal Department files, case records, and compliance documentation.
  • Coordinate communication with internal departments, external counsel, and regulatory bodies.
  • Handle confidential information with integrity and professionalism.
  • Other Duties as Assigned

Minimum Requirements:

  • Bachelor's degree in Business, Risk Management, Legal Studies, or related field (or equivalent experience).
  • 1–3 years of experience in a legal, compliance or risk management support role.
  • Familiarity with legal/insurance terminology, procedures, and documentation standards.
  • Proficiency in Microsoft Office Suite
  • Strong organizational and communication skills.
  • Ability to multitask and prioritize in a fast-paced environment.

Work Environment:

  • General office environment will be experienced. There will be periodic exposure to manufacturing environments which may present hazards such as noise, electricity, chemicals, heavy equipment, and other automated and manual machinery.

Physical Demands:

  • Frequent: sitting at a desk utilizing computers and phones
  • Periodic: standing, walking, repetitive foot, leg, hand, arm, shoulder, and torso movements
  • Occasional: bending, stooping, and lifting