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Insurance And Risk Management Jobs in Illinois (NOW HIRING)

powercon

Director of Risk Management

Chicago, IL · On-site

$150K - $175K/yr

POSITION SUMMARY The Director of Risk Management is responsible for the strategic oversight and execution of the Company's insurance, claims, and risk management programs. This position provides ...

Chicago Public Schools

Reporting to the Risk and Insurance Manager, the Risk and Insurance Analyst assists in the administration of various financial and risk management matters for CPS. This position involves ...

Baxter

PV Risk Management Specialist

Deerfield, IL · On-site

$112K - $154K/yr

Your role at Baxter As a Pharmacovigilance Risk Management Specialist , you will lead the ... insurance coverage for basic life, accident, short-term and long-term disability, and business ...

Medline

Risk Management Engineer

Northfield, IL · On-site

$79K - $119K/yr

Responsible for managing an automated risk-based trending system that will help the organization ... Our benefit package includes health insurance, life and disability, 401(k) contributions, paid time ...

Medline

Risk Management Engineer

Northfield, IL

$79K - $119K/yr

Responsible for managing an automated risk-based trending system that will help the organization ... Our benefit package includes health insurance, life and disability, 401(k) contributions, paid time ...

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Insurance And Risk Management information

What is insurance and risk management?

Insurance and risk management is a field focused on identifying, assessing, and minimizing potential risks that individuals or organizations may face, as well as providing financial protection through insurance products. Professionals in this field analyze possible threats, develop strategies to mitigate them, and recommend appropriate insurance policies to cover potential losses. This helps businesses and individuals protect their assets, comply with regulations, and maintain financial stability in the face of unexpected events.

What are the key skills and qualifications needed to thrive as an insurance and risk management professional?

To thrive in Insurance and Risk Management, you need strong analytical abilities, a solid understanding of insurance principles, and typically a degree in finance, business, or a related field. Familiarity with risk assessment software, claims management systems, and relevant certifications such as CPCU (Chartered Property Casualty Underwriter) or ARM (Associate in Risk Management) are highly valued. Excellent communication, negotiation, and problem-solving skills help professionals build trust with clients and effectively manage complex situations. These skills are crucial for accurately assessing risk, developing sound policies, and ensuring organizational stability and client satisfaction.

What are some common challenges faced by professionals in insurance and risk management, and how can they be addressed?

Professionals in insurance and risk management often encounter challenges such as keeping up with evolving regulations, accurately assessing complex risks, and managing client expectations. Addressing these challenges requires continuous learning, leveraging new technologies for data analysis, and effective communication with clients and stakeholders. Team collaboration is also essential, as working closely with underwriters, actuaries, and claims specialists helps ensure comprehensive risk solutions and client satisfaction.

What is the difference between Insurance And Risk Management vs Insurance Underwriter?

AspectInsurance And Risk ManagementInsurance Underwriter
CredentialsCertifications like CRM, ARM, CPCU often preferredAdjustments vary; CPCU common but not mandatory
Work EnvironmentCorporate offices, risk assessment teamsUnderwriting departments, insurance companies
Industry UsageUsed across insurance, risk consulting, corporate risk teamsPrimarily within insurance companies for policy evaluation

Insurance And Risk Management professionals focus on identifying, analyzing, and mitigating risks for organizations, often working on strategic risk planning. Insurance Underwriters evaluate insurance applications and determine policy terms and premiums. While both roles involve risk assessment, Insurance And Risk Management has a broader scope, including risk control and management strategies, whereas Insurance Underwriters specialize in assessing individual insurance risks for policy issuance.

Is insurance and risk management a good career?

Insurance and risk management is a stable career that involves assessing and mitigating financial risks for individuals and organizations. It often requires strong analytical skills, certifications such as CPCU or ARM, and offers opportunities in various industries with potential for advancement and steady employment.

What do insurance and risk management risk managers do?

Insurance and risk management risk managers assess and analyze potential risks to an organization, develop strategies to mitigate those risks, and oversee insurance policies and claims. They use data analysis, risk assessment tools, and industry regulations to protect the company's assets and ensure compliance.

What jobs can you get with a degree in insurance and risk management?

A degree in insurance and risk management prepares individuals for roles such as insurance underwriters, risk analysts, claims adjusters, and insurance agents. These jobs involve evaluating risks, analyzing policies, and using industry-specific software, often requiring strong analytical skills and knowledge of insurance regulations.

What are popular job titles related to Insurance And Risk Management jobs in Illinois?

For Insurance And Risk Management jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Insurance And Risk Management jobs in Illinois look for?

The top searched job categories for Insurance And Risk Management jobs in Illinois are:

What cities in Illinois are hiring for Insurance And Risk Management jobs?

Cities in Illinois with the most Insurance And Risk Management job openings:

Insurance And Risk Management jobs near you
Infographic showing various Insurance And Risk Management job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 78% Full Time, 17% Part Time, and 4% Contract. Highlights an 89% Physical, 1% Hybrid, and 10% Remote job distribution.

Director of Risk Management

powercon

Chicago, IL • On-site

$150K - $175K/yr

Full-time

Re-posted 4 days ago

Job description

ABOUT POWER:
Power Construction is consistently regarded as one of Chicago's largest and most respected General Contractors according to Crain's Chicago. But beyond that, you can find us on the golf course, brewing beer, attending neighborhood festivals, giving back to the community, and spending time together during a range of company-sponsored events. Our culture is one of the reasons we’ve been selected by our employees as a top workplace year after year and it’s reflected in our current 91% employee retention rate.


We are builders. We crave being in the field and share an appetite for innovation. We believe that bringing diverse perspectives together helps foster stronger outcomes. We are driven to wow our clients and business partners, improve our processes, hire the right people, and help them grow.

POSITION SUMMARY 

The Director of Risk Management is responsible for the strategic oversight and execution of the Company’s insurance, claims, and risk management programs. This position provides enterprise-level leadership across construction operations, contractual risk transfer, insurance placement, claims management, and controlled insurance programs (CCIP/OCIP/SDI). The Director serves as a trusted advisor to executive leadership, operations, and project teams, ensuring the Company’s risk profile is proactively managed, financially optimized, and aligned with long-term business objectives. The Director owns program design, renewals, and claims management while partnering with Operations, Safety, Legal, Finance, outside counsels and brokers to drive consistent risk decisions across the business.

KEY RESPONSIBILTIES

  • Partners with the VP of Risk direct departmental strategy, mentoring high-performing teams and scaling risk service offerings to support evolving business operations.
  • Optimizes the company's total cost of risk (TCOR) by strategically structuring insurance program coverages, limits, and deductibles.
  • Directs the Company's casualty insurance strategy, leading annual renewals and broker partnerships to secure optimal market placement, pricing, and coverage terms.
  • Directs the comprehensive corporate insurance portfolio—including WC, GL, Auto, Umbrella/Excess, Professional, Cyber, and SDI—ensuring program structures evolve alongside the Company's expansion.
  • Directs the claims management (investigation, reserving, litigation, resolution) and lead quarterly reviews and develop action plans to reduce severity and protect outcomes.
  • Govern CCIP/OCIP performance (enrollment, compliance, loss results) and partnering with Operations and Safety.
  • Oversee subcontractor insurance compliance and onboarding and train PM/field teams on requirements to strengthen contractual risk transfer.
  • Negotiates complex contractual risk terms—including indemnity, insurance, and liability caps—to limit corporate financial exposure.
  • Support the subcontractor prequalification framework, driving consistent enforcement of compliance policies and risk thresholds across all subcontract awards.

POSITION REQUIREMENTS

  • Required: Bachelor’s degree. Preferred: Risk Management, Insurance, Finance, Construction Management, or related field.
  • Required: CRIS designation (or equivalent risk/insurance credential). Preferred: ARM, CPCU, or similar advanced designation.
  • Required: 10+ years progressive construction risk/insurance experience with direct ownership of insurance placement/renewals, claims governance, contractual risk transfer, and controlled insurance programs (CCIP/OCIP).
  • Proven people leadership and executive-level communication, that drives strategic alignment and collaboration among diverse internal stakeholders (Operations, Safety, Legal, Finance) and major external partners.

KEY COMPETENCIES

  • Translates complex loss trends, premium data, and operational metrics into actionable executive recommendations and high-impact risk management directives.
  • Directs the end-to-end placement and claims lifecycle for all primary lines (WC/GL/Auto/Professional), utilizing specialized construction sector knowledge to protect corporate assets.
  • Conveys complex risk and insurance concepts through concise, executive-level messaging that facilitates fast, informed decision-making.
  • Builds partnership across the organization to execute process improvements and secure cross-functional alignment.
  • Exercises the ability to influence and negotiate effectively with brokers, carriers, and internal partners to reach equitable outcomes.
  • Drafts key contract clauses to balance risk, secure necessary insurance, and limit legal exposure.

COMPENSATION DETAILS

Salary Range: $150,000 - $175,000

Compensation for this role includes a base salary plus an annual discretionary bonus. Details on our benefits can be found on the Benefits tab within the Careers section of the website.

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