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Insurance And Risk Management Jobs in Chicago, IL

Invenergy

Associate, Insurance

Chicago, IL · On-site

Bachelor's degree in insurance, risk management or other relevant majors, with a proven track record of high performance and industry participation. * Proven track record evidencing commitment ...

Invenergy LLC

Associate, Insurance

Chicago, IL · On-site

Bachelor's degree in insurance, risk management or other relevant majors, with a proven track record of high performance and industry participation. * Proven track record evidencing commitment ...

Invenergy LLC

Associate, Insurance

Chicago, IL · On-site

Bachelor's degree in insurance, risk management or other relevant majors, with a proven track record of high performance and industry participation. * Proven track record evidencing commitment ...

Invenergy

Associate, Insurance

Chicago, IL · On-site

Bachelor's degree in insurance, risk management or other relevant majors, with a proven track record of high performance and industry participation. * Proven track record evidencing commitment ...

UHS

MGR - RISK MANAGEMENT (HEALTHCARE)

Streamwood, IL · On-site

$80K - $121K/yr

The Risk Management Programs are designed to comply with guidelines and standards of the Joint ... insurance offering, a physician network and various related services located all over the U.S ...

Aon Corporation

Risk Manager

Chicago, IL · On-site

$100K - $150K/yr

Insurance Program & Renewal Management: Lead the annual renewal process for liability insurance ... Serve as the primary risk management resource for internal business divisions. Provide expert ...

Aon Corporation

Risk Manager

Chicago, IL · Hybrid

$100K - $150K/yr

Insurance Program & Renewal Management: Lead the annual renewal process for liability insurance ... Serve as the primary risk management resource for internal business divisions. Provide expert ...

International Motors, LLC

Senior Risk Manager

Lisle, IL · On-site

$138K - $207K/yr

Position Overview Under the direction of the Director of Risk Management, the Senior Risk Manager will design, negotiate, manage and maintain International's global insurance programs. The Senior ...

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All JobsInsurance And Risk Management JobsInsurance And Risk Management Jobs in Chicago, IL

Insurance And Risk Management information

See Chicago, IL salary details

$85K

$125.2K

$191.6K

How much do insurance and risk management jobs pay per year?

As of Jul 24, 2026, the average yearly pay for insurance and risk management in Chicago, IL is $125,168.00, according to ZipRecruiter salary data. Most workers in this role earn between $104,000.00 and $142,200.00 per year, depending on experience, location, and employer.

What do risk managers do in insurance?

Risk managers in insurance identify, assess, and prioritize potential risks that could impact an organization. They develop strategies to mitigate or transfer these risks, often through policies, claims management, and risk analysis tools, to minimize financial losses and ensure regulatory compliance.

What is the highest paying job in the insurance industry?

Chief Risk Officer (CRO) is among the highest paying roles in the insurance industry, overseeing enterprise risk management and strategic decision-making. These executives typically have extensive experience, advanced degrees, and certifications such as FRM or CRM, and they often earn high six-figure or seven-figure salaries depending on the company size and location.

Is risk management and insurance a good career?

Risk management and insurance are stable career fields that offer opportunities in underwriting, claims, and consulting. They often require analytical skills, industry certifications, and knowledge of regulations, with job prospects influenced by economic conditions and industry demand.

What can you do with a risk management and insurance degree?

A degree in risk management and insurance prepares individuals for roles such as risk analyst, insurance underwriter, claims adjuster, or risk manager. These positions involve assessing and mitigating financial risks, analyzing data, and understanding insurance policies, often requiring knowledge of industry regulations and certifications like CPCU or ARM.

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 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 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.

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

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 popular job titles related to Insurance And Risk Management jobs in Chicago, IL? For Insurance And Risk Management jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Insurance And Risk Management jobs in Chicago, IL look for? The top searched job categories for Insurance And Risk Management jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Insurance And Risk Management jobs? Cities near Chicago, IL 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 Chicago, IL as of July 2026, with employment types broken down into 1% As Needed, 75% Full Time, 19% Part Time, and 5% Contract. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $125,168 per year, or $60.2 per hour.
Associate, Insurance

Associate, Insurance

Invenergy

Chicago, IL • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 17 days ago

Invenergy rating

8.6

Company rating: 8.6 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

Job description

Invenergy is North America's largest privately held developer, owner, and operator of power infrastructure. With 25 years of trusted execution, we deliver reliable, affordable energy through a diverse portfolio that includes natural gas, solar, land-based wind, energy storage, transmission, and domestic manufacturing. Headquartered in Chicago, we develop, own, and operate large scale projects that power communities and support the energy future.

This position will be open for application for at least 3 calendar days from the posting date. This position will remain open for application based on business need, which may be before or after the 3-day posting window.

Job Description

Position Overview

The Associate, Insurance, will report to the Manager, Insurance, and support the insurance team with execution of insurance strategy of a multinational portfolio of wind, solar, energy storage, thermal projects in various lifecycle stages.

Responsibilities

  • Claim support:

    • Responsible for a wide range of claim related activities - claim notice intake, evaluation, and reporting, oversee claim handling, support claim investigations, complex claims and coverage determination and disputes, claim payment collections and payment records management.

    • Coordinate communication between Invenergy and insurance adjusters/insurers, monitor claim activities and support speedy claim resolutions. Engage external experts as needed.

    • Maintenance of accurate records of claims across all lines of coverage in internal claim management systems.

    • Oversee regular claim reporting and maintain open claims status by working closely with the insurance team, Asset Management, Project Management and other internal departments.

    • Assist in identifying loss trends and communicate these to the appropriate internal parties.

  • Loss control support:

    • Manage insurer and third-party property insurance inspections at Invenergy's sites.

    • Work closely with Invenergy's internal stakeholders (asset management, operations, finance, and more) to review and respond to insurer recommendations.

    • Maintain recommendation registers and provide reports of recommendation trends and progress.

    • Support site managers, operations and engineering teams with insurance inspections, including but not limited to jurisdictional pressure vessel and appraisal visits.

    • Develop and maintain operational and technical knowledge or Invenergy fleet's major equipment, and support fleet-wide loss control and prevention.

  • General insurance support:

    • Assist with the preparation of monthly, quarterly, and annual risk reports for various committees and boards. Assist in preparing loss analyses and identifying opportunities to reduce Invenergy's total costs of risk. Support the preparation of annual insurance budgets.

    • Support Invenergy insurance team in coordinating insurance efforts from development through to operational phases of all projects, analyzing and evaluating insurable risks and potential risk mitigants.

    • Support the administration of insurance contracts and support Invenergy's insurance team in negotiations with insurance brokers, insurance companies and project contractors (including EPC/BOP and modules/turbine suppliers) on insurance coverages and conditions.

    • Coordinate communication between Invenergy and insurance broker to monitor upcoming construction completion activity to support placement of insurance for newly operational projects.

    • Maintain accurate records of insurance placements, including providing certificates of insurance, tracking policy endorsements, and processing invoices.

    • Engage with lenders' insurance consultants to ensure project insurance compliance with applicable financing documents.

    • Identify process improvements and automation opportunities to improve invoice production timeliness and achieve other efficiencies.

    • Work cross-functionally with Development, Project Management, Asset Management, Finance, Legal and other teams to ensure the Company has appropriately structured insurance programs

    • Provide support to ad hoc requirements as they may arise.

Basic Qualifications

  • Bachelor's degree

  • 3+ years of working insurance or risk management industry experience

  • Eligible to work in the United States without the need for employer visa sponsorship now or in the future.

Preferred Qualifications

  • Bachelor's degree in insurance, risk management or other relevant majors, with a proven track record of high performance and industry participation.

  • Proven track record evidencing commitment, endurance, initiative & drive, professional learning & development, and high performance.

  • Exhibit effective written and oral communication skills, including email, Skype and Microsoft Teams video conferencing, phone, and in-person communications.

  • Insurance or risk management designations

  • Ability to communicate verbally and in writing in Spanish or Japanese is a strong asset.

  • Power and/or natural gas experience is preferred.

  • Track record of being able to work reliably under tight timelines, experience training junior team members and propose, design and implement process improvements.

  • Strong analytical and problem-solving skills and good attention to details.

  • Exceptional organizational and time management skills to complete settlement responsibilities in accordance with internal and external deadlines.

  • Must be able to work independently with minimal oversight as well as in a team setting.

  • Must be a self-starting and motivated team player who is able to efficiently become skilled at new systems and effectively manage deadlines.

Base Pay

88,000.00 - 113,000.00 USD Annual

Bonus: 20% - 30%

The base pay range reflects the minimum and maximum target salary for the position. Invenergy considers a number of factors when determining base pay offers such as the scope and responsibilities of the position and the candidate's experience, education and skills.
In addition to base pay, the total annual compensation package may also include eligibility to participate in our bonus program(s) which are designed to reward individual and company performance. Your recruiter can share more about bonus eligibility for this position during the hiring process.
Invenergy offers a variety of other benefits including medical, dental and vision insurance, 401k, paid time off, etc.

Invenergy LLC is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to, among other things, race, color, religion, sex, sexual orientation, gender identity, national origin, age, status as a protected veteran, or disability.

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