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Entry Level Risk Management Jobs in Parsippany, NJ

Macquarie Group Limited

Credit Analyst

New York, NY · On-site

$90K - $110K/yr

... Entry level, Junior Job category Credit Share Join a high-performing Credit team within a global financial services organization focused on managing and anticipating risk to create long-term value.

NICE

Intern, Project Management

Hoboken, NJ · On-site

$32K - $38K/yr

Project Management Intern Role Overview NiCE is looking for an entry-level professional to join its ... risk management, and business operations within a fast-paced technology environment. You will gain ...

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All JobsEntry Level Risk Management JobsEntry Level Risk Management Jobs in Parsippany, NJ

Entry Level Risk Management information

See Parsippany, NJ salary details

$43.7K

$104.3K

$168.4K

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

As of Jun 28, 2026, the average yearly pay for entry level risk management in Parsippany, NJ is $104,291.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,900.00 and $132,700.00 per year, depending on experience, location, and employer.

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.

How to become a risk analyst with no experience?

To become a risk analyst with no experience, focus on gaining relevant skills such as data analysis, Excel, and risk assessment through online courses or certifications like FRM or CRM. Entry-level positions often require a bachelor's degree in finance, economics, or a related field, and internships can provide practical experience to improve your prospects.

How to start a career in risk management?

To start a career in risk management, gain a bachelor's degree in finance, business, or a related field, and develop skills in analysis, problem-solving, and communication. Entry-level roles often require knowledge of risk assessment tools and may benefit from certifications like the Certified Risk Management Professional (CRMP). Internships or related experience can also help build practical understanding of risk processes.

What is the best entry level risk management certification?

For entry-level risk management roles, the Certified Risk Management Professional (CRMP) and Associate in Risk Management (ARM) are widely recognized certifications that demonstrate foundational knowledge in risk assessment and mitigation. These certifications often require passing exams and may include coursework in risk analysis, insurance, and financial principles, helping candidates stand out in 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 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.

Is IT hard to get a job in risk management?

Entry level risk management positions typically require a relevant bachelor's degree and some knowledge of industry standards like ISO 31000 or COSO frameworks. While competition can vary, gaining certifications such as CRM or FRM and developing skills in data analysis and risk assessment can improve job prospects, but the difficulty depends on individual qualifications and market demand.

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 are the most commonly searched types of Risk Management jobs in Parsippany, NJ? The most popular types of Risk Management jobs in Parsippany, NJ are:
What cities near Parsippany, NJ are hiring for Entry Level Risk Management jobs? Cities near Parsippany, NJ with the most Entry Level Risk Management job openings:
Entry Level Risk Management jobs near you
Infographic showing various Entry Level Risk Management job openings in Parsippany, NJ as of June 2026, with employment types broken down into 100% Full Time. Highlights an 50% In-person, and 50% Hybrid job distribution, with an average salary of $104,291 per year, or $50.1 per hour.

Reinsurance Underwriting Analyst(Junior / Entry-Level)

MSIG Holdings USA, Inc.

Warren, NJ • Hybrid

$65K - $75K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 11 days ago

Job description

MSIG USA continues to grow!

Company Overview:

MSIG USA is the US-based subsidiary ofMS&AD Insurance Group Holdings, Inc., one of the world's top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business's unique risks.

Position Summary / Job Purpose

The Reinsurance Analyst is an entry-level role designed for a recent graduate interested in building a career in insurance and reinsurance. This position supports the underwriting and reinsurance teams through data extraction, data analytics, reporting, and Excel-based analysis. The role provides exposure to reinsurance structures, broker interactions, and contract documentation processes while developing foundational technical and analytical skills.

Essential Duties & Responsibilities

Reinsurance & Underwriting Support

  • Assist with preparation of materials for reinsurance renewals and placements (e.g., data packs, summaries, exhibits).
  • Support tracking of facultative and treaty placements, including documentation and data entry.
  • Help review incoming broker requests and support the team with data needed for timely responses.

Process & Operational Support

  • Support documentation and tracking of reinsurance contracts and placements.
  • Assist with data entry into reinsurance systems and maintain data integrity.
  • Collaborate with underwriting, finance, and operations teams to ensure smooth workflow and data consistency.

Data Extraction & Reporting

  • Extract and compile data from internal systems related to premium, losses, exposures, and reinsurance placements.
  • Prepare recurring and ad hoc reports to support underwriting, reinsurance, and finance teams.
  • Validate and reconcile data sets to ensure completeness and accuracy across systems.

Data Analytics & Insights

  • Perform basic to intermediate data analysis to support decision-making around reinsurance placements and portfolio performance.
  • Assist in analyzing trends in premium, loss ratios, and exposure concentrations.
  • Support preparation of data summaries used in treaty negotiations and broker submissions.

Excel & Data Management

  • Build and maintain Excel models, including use of:
    • Pivot tables
    • VLOOKUP/XLOOKUP
    • Basic formulas and data manipulation
  • Organize and maintain structured datasets to support reporting and analytics.
  • Assist in improving reporting efficiency through standard templates and automation.

Qualifications

Education/Experience

  • Bachelor's degree required (Finance, Risk Management, Mathematics, Economics, Data Analytics, or related field preferred)
  • 0-2 years of experience (e.g., internships, co-ops, or entry-level role)
  • Strong academic background with exposure to data analysis, finance, or insurance concepts preferred

Required Skills & Abilities

  • Strong Excel skills (required; practical proficiency expected)
  • Analytical mindset with the ability to interpret and manipulate data
  • High attention to detail and accuracy
  • Strong organizational and time management skills
  • Basic understanding of business or financial concepts
  • Strong written and verbal communication skills
SALARY: The estimated salary range for this position is $65,000.00-75,000.00 per year. This is a good-faith assessment of the salary range for this position only. In determining the actual salary within this range, MSIG USA will consider a candidate's relevant experience, location, and other job-related factors.
Additional Benefits:
Healthcare and Retirement Benefits
Comprehensive medical, dental, and vision coverage
401(k) with a generous employer match and profit-sharing contribution
Wellness incentive program
Life and accidental death and dismemberment (AD&D) insurance
Flexible spending programs
Short-term and long-term disability plans
Additional Benefit Programs
Paid time off program
Paid charitable leave
Paid parental leave
Tuition reimbursement program
Personal insurance (auto/homeowners) discount
#LI-Hybrid

It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!


It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.

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