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Independent Contractor Risk Analyst Jobs in Chicago, IL

Cyber Risk Analyst W-2 Only (no 1099) Must be a U.S. Citizen Company's Location: Lemont, IL ... The project managers measure work performed by the contractor on a task basis. The tasks typically ...

Fraud Risk Analytics Manager

Chicago, IL · Hybrid

$105K - $130K/yr

... analytics, fraud risk management, or financial crime data science * Strong experience with fraud ... Proven track record of independent problemsolving , ownership, and delivery in ambiguous problem ...

Fraud Risk Analytics Manager

Chicago, IL · Hybrid

$106K - $130K/yr

... analytics, fraud risk management, or financial crime data science * Strong experience with fraud ... Proven track record of independent problemsolving , ownership, and delivery in ambiguous problem ...

Fraud Risk Analytics Manager

Chicago, IL · Hybrid

$105K - $130K/yr

... analytics, fraud risk management, or financial crime data science * Strong experience with fraud ... Proven track record of independent problemsolving , ownership, and delivery in ambiguous problem ...

Fraud Risk Analytics Manager

Chicago, IL · Hybrid

$106K - $130K/yr

... analytics, fraud risk management, or financial crime data science * Strong experience with fraud ... Proven track record of independent problemsolving , ownership, and delivery in ambiguous problem ...

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Independent Contractor Risk Analyst information

See Chicago, IL salary details

$15

$41

$67

How much do independent contractor risk analyst jobs pay per hour?

As of Jul 21, 2026, the average hourly pay for independent contractor risk analyst in Chicago, IL is $41.71, according to ZipRecruiter salary data. Most workers in this role earn between $30.72 and $50.77 per hour, depending on experience, location, and employer.

What is an Independent Contractor Risk Analyst?

An Independent Contractor Risk Analyst is a professional who evaluates and manages risks associated with hiring and working with independent contractors. Their responsibilities include assessing legal, financial, and operational risks, ensuring compliance with labor laws, and advising organizations on best practices for engaging independent contractors. They may also help implement risk mitigation strategies and ensure that contractor relationships are structured correctly to avoid misclassification and potential liabilities. This role is crucial for businesses that rely on flexible workforce arrangements and want to minimize exposure to legal and financial risks.

How does an Independent Contractor Risk Analyst typically collaborate with clients and other stakeholders?

As an Independent Contractor Risk Analyst, you will frequently work directly with clients to assess their risk exposure and develop practical mitigation strategies. Collaboration usually involves conducting interviews with key personnel, reviewing documentation, and presenting findings to both technical and non-technical stakeholders. You may also coordinate with legal, finance, and compliance teams to ensure recommendations align with organizational objectives. Strong communication and project management skills are essential for managing multiple client relationships and delivering actionable insights.

What are the key skills and qualifications needed to thrive as an Independent Contractor Risk Analyst, and why are they important?

To thrive as an Independent Contractor Risk Analyst, you need strong analytical skills, a background in finance or risk management, and often a relevant degree or certification such as FRM or CFA. Familiarity with risk assessment software, data analytics tools (like Excel, SAS, or Python), and compliance systems is typically required. Exceptional communication, attention to detail, and the ability to work independently set top performers apart in this role. These skills ensure accurate risk evaluations and effective recommendations, which are critical for protecting clients' interests and maintaining regulatory compliance.
What are the most commonly searched types of Risk Analyst jobs in Chicago, IL? The most popular types of Risk Analyst jobs in Chicago, IL are:

Senior Vice President, Risk & Portfolio Analytics

Unison Risk Advisors

Chicago, IL

Full-time

Posted 27 days ago


Job description

Position Summary

The Senior Vice President, Risk & Portfolio Analytics role will be based in our Chicago office and will lead the analytics function across all platform MGAs and play a critical role in shaping underwriting strategy. This role serves as an independent, data-informed voice to the business, providing portfolio insight, pricing discipline, and performance analysis that support sound underwriting and capital decisions.

This is a senior leadership role spanning portfolio management, actuarial oversight, catastrophe risk analysis (RMS), business intelligence, and product review. The successful candidate will build and mentor a high-performing team, strengthen analytics capabilities across the organization, and partner closely with underwriting, technology, finance, and risk capital stakeholders.

Key Responsibilities

·       Lead the analytics function by delivering portfolio reporting, deep-dive performance analysis, and actionable insight into underwriting trends across the group.

·       Translate complex data into clear decision support for senior leadership, underwriting teams, and external stakeholders through well-structured reports, exhibits, and data visualizations.

·       Oversee business intelligence and reporting capabilities, including the continued development of our reporting dashboard platform and other automated reporting tools in partnership with the software development team.

·       Provide regular management reporting on key portfolio KPIs across the underwriting platform.

·       Direct actuarial and exposure management activities, including rate methodology reviews, pricing adequacy assessments, exposure monitoring, and portfolio trend analysis by geography and class of business.

·       Produce ad hoc portfolio and carrier analytics, including premium, aggregate, and modelling projections, to support business planning and stakeholder requests.

·       Perform actuarial analysis, including loss ratio projections, technical loss picks, projection oversight, and coordination with external actuarial partners where appropriate.

·       Oversee catastrophe risk modelling workflows for property lines and provide concise, decision-ready exposure accumulation reporting to business leaders.

·       Review new products and contract structures to ensure pricing adequacy, technical soundness, and readiness for market rollout.

·       Establish and maintain robust documentation for pricing frameworks, portfolio modelling methodologies, and internal analytics processes.

·       Build, mentor, and develop a high-performing team of analytically strong professionals while fostering a culture of curiosity, rigor, and continuous improvement.

QualificationsThe ideal candidate will bring a strong blend of technical expertise, commercial judgment, and leadership capability.Key Qualifications:

·       Significant experience within an insurance carrier, reinsurance company, underwriting agency, MGA/MGU, or international insurance or reinsurance broker.

·       A strong foundation in actuarial science; progress toward or completion of ACAS, FCAS, or an equivalent analytical credential is preferred.

·       Demonstrated knowledge of ISO-based pricing methodologies and commercial property and casualty rating structures.

·       Demonstrated experience working with risk modelling platforms, including RiskModeler (RMS).

·       Hands-on experience with advanced analytical and reporting tools such as SQL, Python, Power BI, Sigma, or proprietary insurance systems.

·       A proven ability to communicate complex analytical issues clearly and credibly to executive leadership, underwriting teams, and external stakeholders.

·       Strong leadership skills, including the ability to recruit, mentor, and develop high-potential analytical talent.

·       A collaborative, intellectually curious approach with the confidence to provide independent challenge and constructive insight together with the ability to communicate complex themes clearly at all levels of the organization and to key stakeholders.

SSalary Range: $120,000-$200,000

Employment Type: FULL_TIME