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Insurance Analyst Jobs in Minnesota (NOW HIRING)

Merchants Bancorp

Insurance Analyst

Bloomington, MN · On-site

$71K - $83K/yr

Job Type Full-time Description An Insurance Analyst is responsible for the pre-closing compliance reviews of our loan portfolio. This position requires a detail-oriented, deadline-driven individual ...

CSAA

Job Title Commercial Insurance Analyst, Claims Insights - Remote Requisition Number R7770 Commercial Insurance Analyst, Claims Insights - Remote (Open) Location California - Home Teleworkers ...

CSAA

$85K - $112K/yr

Job Title Senior Commercial Insurance Analyst - Remote Requisition Number R7696 Senior Commercial Insurance Analyst - Remote (Open) Location Arizona - Home Teleworkers Additional Locations Alabama ...

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All JobsInsurance Analyst JobsInsurance Analyst Jobs in Minnesota

Insurance Analyst information

See Minnesota salary details

$13

$23

$35

How much do insurance analyst jobs pay per hour?

As of Jun 13, 2026, the average hourly pay for insurance analyst in Minnesota is $23.31, according to ZipRecruiter salary data. Most workers in this role earn between $18.85 and $25.67 per hour, depending on experience, location, and employer.

What position in insurance pays the most?

In insurance, executive roles such as Chief Actuary, Chief Underwriting Officer, or Chief Risk Officer tend to have the highest salaries. These positions require extensive experience, advanced certifications like FCAS or FCIA, and strong leadership skills. Compensation varies by company and location but generally exceeds other roles in the industry.

What does an analyst do in insurance?

An insurance analyst evaluates insurance policies, assesses risk, and analyzes data to help companies determine coverage options and pricing. They often use statistical tools and industry knowledge to identify trends and ensure profitability. Strong analytical skills and understanding of insurance regulations are essential for this role.

What jobs pay 2000 a day?

Insurance analysts typically do not earn $2,000 a day; such high daily earnings are more common in specialized roles like top-tier consultants, investment bankers, or certain executive positions. These roles often require extensive experience, advanced skills, and sometimes certifications, and they may involve high-pressure environments or significant client responsibilities.

What is the difference between Insurance Analyst vs Claims Adjuster?

AspectInsurance AnalystClaims Adjuster
Required CredentialsBachelor's degree in finance, business, or related field; certifications like CPCU or ARMBachelor's degree; state licensing may be required; certifications like AIC or CPCU
Work EnvironmentOffice setting, analyzing data, preparing reportsField and office work, investigating claims
Employer & Industry UsageInsurance companies, brokerage firms, consultingInsurance companies, third-party administrators
Common Search & Comparison IntentUnderstanding analytical roles in insuranceEvaluating claims processing and adjustment roles

Insurance Analysts focus on data analysis, risk assessment, and policy evaluation within insurance companies, often working in an office environment. Claims Adjusters investigate and settle insurance claims, frequently working in the field. Both roles require similar credentials and industry experience, but their daily tasks and work settings differ significantly.

What are Insurance Analysts?

Insurance Analysts are professionals who evaluate insurance policies, claims, and risks for individuals or organizations. They analyze data to determine appropriate coverage, assess the likelihood of claims, and help set premiums. Insurance Analysts play a critical role in ensuring that insurance products are financially sound and comply with industry regulations. Their work helps insurance companies manage risk effectively and provide fair policies to clients.

What are some typical challenges Insurance Analysts face when working with large data sets, and how can they address them?

Insurance Analysts often work with vast and complex data sets, which can present challenges such as ensuring data accuracy, identifying meaningful trends, and managing incomplete or inconsistent information. To address these challenges, analysts frequently use specialized software tools for data cleaning and analysis, collaborate closely with IT teams, and develop strong attention to detail. Proactively communicating with underwriters, actuaries, and other stakeholders also helps ensure that data-driven insights are accurate and actionable.

What Does an Insurance Analyst Do?

As an insurance analyst, you use computer software to evaluate insurance policies to determine the risks for a policyholder and an insurance company. You meet with clients and offer recommendations for choosing a policy that suits their needs. You review insurance applications to ensure they are complete and accurate. Other duties include completing policy renewals, changes, and cancellations, analyzing quotes and binders, and verifying record accuracy. You review claims to ensure legitimacy by verifying the details, conducting investigations (going to the scene of an accident, interviewing witnesses, police, etc.), gathering underwriting data, and providing recommendations to management. Some positions require you to create analytical reports to keep clients informed of trends.

Is an analyst an entry-level job?

An insurance analyst can be an entry-level position, especially for those with a bachelor's degree in finance, business, or a related field. However, some roles may require prior experience or specific certifications, and advancement often involves gaining industry knowledge and technical skills such as data analysis or familiarity with insurance software.

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

To thrive as an Insurance Analyst, you need strong analytical abilities, attention to detail, and a background in finance, economics, or a related field, often supported by a relevant degree. Familiarity with data analysis tools, insurance management systems, and sometimes certifications like CPCU or AINS are typically required. Excellent communication, problem-solving, and organizational skills help you interpret data and present insights effectively. These skills are crucial for accurately assessing risk, supporting sound decision-making, and ensuring compliance within the insurance industry.
More about Insurance Analyst jobs
What are popular job titles related to Insurance Analyst jobs in Minnesota? For Insurance Analyst jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Insurance Analyst jobs in Minnesota look for? The top searched job categories for Insurance Analyst jobs in Minnesota are:
What cities in Minnesota are hiring for Insurance Analyst jobs? Cities in Minnesota with the most Insurance Analyst job openings:
What are popular job titles related to Insurance Analyst jobs in MN? For Insurance Analyst jobs in MN, the most frequently searched job titles are:
Insurance Analyst jobs near you
Infographic showing various Insurance Analyst job openings in Minnesota as of June 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $48,482 per year, or $23.3 per hour.
Insurance Analyst

Insurance Analyst

Merchants Bancorp

Bloomington, MN • On-site

$71K - $83K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 10 days ago

Job description

Job Type
Full-time
Description
An Insurance Analyst is responsible for the pre-closing compliance reviews of our loan portfolio. This position requires a detail-oriented, deadline-driven individual who can work individually, with members of other teams and with his/her own team to manage multiple tasks and projects simultaneously. This position will have extensive internal and external customer interaction.
Requirements
  • Work with Merchant Capital's production team, underwriting team, closing team and Insurance Consultants during the prefunding insurance review process.
  • Manage vendor relationships, including but not limited to; engage consultants to begin the insurance review process, participate in weekly progress calls, manage timelines/deadlines of your portfolio.
  • Point of contact on insurance questions, coverage requirements and investor guidelines for both internal and external stakeholders.
  • Review Loan Documents, Appraisals, Engineering, Seismic, Zoning and Phase I Environmental Reports to determine loan-specific insurance requirements.
  • Identify potential risk for the company and the investor and promptly notify the appropriate parties following identification of any coverage issue or deficiencies.
  • Assist with processing Insurance waivers/exceptions with supporting documentation for non-compliant insurance issues.
  • Prepare closing folder for loan boarding and loan administration.
  • Onboard new loans in the servicing system and prepare the documents for hand-off to the insurance renewal team.
  • Compile data samples for department and/or lender audits, as requested by manager.

Expected Experience, Skills and Education:
  • Bachelor's degree, preferably in the business or finance areas; or insurance related industry designations or equivalent experience.
  • Minimum of 1-2 years of insurance experience.
  • Some knowledge of Commercial Insurance Coverage - Property, (including Flood, Wind, Earthquake and Terrorism), General Liability (including Workers Comp and Auto), Professional Liability and Umbrella/Excess Liability Insurance.
  • Familiarity with Agency and Lenders (Fannie Mae, and Freddie Mac) programs a plus.
  • Requires problem solving skills as well as the initiative to troubleshoot and find resolutions.
  • Requires excellent communication skills, written and oral, through all levels of the organization.
  • Must demonstrate the ability to identify, interpret and apply applicable guidelines in managing assigned processes.
  • Must possess strong organization and communication skills with a focus on accuracy and attention to detail.
  • Must demonstrate the ability to successfully schedule own workload to meet multiple deadlines most efficiently. Ability to prioritize workload according to risk and urgency.
  • Ability to work well as part of a team while also capable of self-motivation and strong individual performance.
  • Provide premier customer service to investors, borrowers, agents and co-workers.
  • Ability to maintain a positive attitude in all situations.
  • Requires high level of computer proficiency in Microsoft Office, specifically regarding Outlook, Word and Excel.

Pay Range:
The total compensation pay range for new hires in Minnesota is $71,000 - $83,000 annually. This range includes a base pay, plus an annual discretionary bonus. The amount of any actual bonus may vary and is subject to individual and company performance. Please note that the pay range provided is a good faith estimate of total compensation for the position at the time of posting. Actual total compensation will be dependent on factors, including but not limited to, the individual's qualifications, experience, knowledge, skills, and abilities.
Our Benefits:
Merchants offers a comprehensive package of benefits for eligible employees, including, but not limited to: 401(k) employer contributions; employee stock ownership plan (ESOP); medical, dental and vision insurance; various types of leaves of absence, including paid time off, paid holidays, paid leave as provided under state and local paid leave laws, and short-term and long-term disability; health savings accounts (HSAs), flexible spending accounts (FSAs), dependent care and commuter reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; telehealth, optional ancillary insurance policies, education assistance, and an employee assistance program. Eligibility for benefits is governed by the applicable plan documents and policies.
ABOUT MERCHANTS CAPITAL
With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank's balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender , Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit www.merchantscapital.com .

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