ZipRecruiter

Log In

1

Insurance And Risk Management Jobs in Chicago, IL

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 ...

next page

Showing results 1-20

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 Jun 29, 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 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
Risk Management Analyst- Workers Compensation

Risk Management Analyst- Workers Compensation

Ulta Beauty

Bolingbrook, IL • On-site

$66K - $84K/yr

Full-time

Medical, Dental, Vision, Life, PTO

Posted 26 days ago

Key responsibilities

  • Analyze workers' compensation and general liability claims data to identify loss drivers, trends, and emerging risks.

  • Monitor claim performance and prepare loss summaries, dashboards, and executive-level reports for leadership.

  • Support the procurement, administration, and management of insurance programs and risk management financial budgeting, tracking, and reporting.

Ulta Beauty rating

6.0

Company rating: 6.0 out of 10

Based on 1,000 frontline employees who took The Breakroom Quiz

12th of 23 rated health and beauty retailers

Job description

OVERVIEW
Realize new levels of autonomy and professional ownership. At Ulta Beauty, our Legal, Risk & Governance team provides clarity and continuity in ways that have made our growth a seamless venture, with keen insights that have opened up new and previously unexplored areas of opportunity. Through superior leadership and work that continually challenges, you'll have the chance to help set strategic direction through ethical and collaborative thought and practice.
THE IMPACT YOU CAN HAVE
The Risk Management Analyst supports the organization's workers' compensation, general liability, and Captive Insurance programs by analyzing loss data, monitoring claim performance, and collaborating with internal teams and third-party administrators to reduce the total cost of risk. This role is crucial in translating complex claims and actuarial data into actionable insights for leadership, ensuring alignment with retail and distribution operations, legal strategy, and financial goals. Additionally, the Risk Management Analyst will assist with insurance procurement and administration, as well as risk management financial budgeting, tracking, and reporting to support effective decision-making across the organization.
YOU'LL ACCOMPLISH THESE GOALS BY:
  • Analyze workers' compensation and general liability claims data to identify loss drivers, trends, and emerging risks across retail and distribution locations.
  • Monitor claim severity, frequency, litigated claim ratios, and reserve adequacy; escalate concerns and recommend corrective actions as necessary.
  • Prepare loss summaries, dashboards, and executive-level reports for risk, finance, legal, and operations leadership.
  • Support the management of the casualty insurance program, including deductible, self-insured retention, and captive structures.
  • Support the procurement and administration of insurance policies by coordinating with brokers, underwriters, and internal stakeholders to gather necessary data, complete applications, and maintain accurate policy records.
  • Lead risk management financial budgeting, tracking, and reporting, ensuring costs are accurately projected, monitored, and communicated to leadership for effective decision-making.
  • Track total cost of risk metrics, pure loss rates, and key performance indicators in comparison to retail peers and industry benchmarks.
  • Partner with actuarial, finance, and brokerage teams during renewals, forecasts, and budget planning processes.
  • Collaborate with in-house claims team, third-party administrators (TPAs), insurance carriers, and defense counsel to ensure timely reporting, effective claim handling, and adherence to best practices.
  • Review TPA performance metrics, including three-point contact, early investigation, litigation management, and closure rates.
  • Support initiatives aimed at reducing attorney involvement through early intervention, mediation, and employee engagement strategies.
  • Work closely with Legal, People Success, Safety/EH&S, and Store Operations teams to improve incident timely reporting, claim outcomes, and return-to-work results.
  • Assist in developing training materials and guidance for field leadership on incident reporting and claims awareness.
  • Provide data-driven insights to inform policy decisions, safety initiatives, and risk mitigation strategies.
  • Ensure accurate documentation and data integrity across claims systems, insurance platforms, and internal reporting tools.
  • Assist with audits, carrier data calls, and regulatory reporting as needed.
ADDITIONAL RESPONSIBILITIES:
  • Identify the likelihood and impact of events that could cause financial or operational setbacks.
  • Help define calculated risks that align with business objectives.
  • Assist with adherence to regulatory and industry standards.
  • Identify risk-related inefficiencies and areas for improvement.
  • Promote awareness and accountability across the organization.
  • Create and modify procedures and documents related to risk processes.
  • Develop partnerships with the claims management team.
  • Track and report on target budgets.
  • Provide direct information to claimants as needed.
  • Manage insurance data for reporting purposes.
  • Generate statistical data and construct probability tables to forecast risk and liability for payment of future claims.
THE ESSENTIALS OF SUCCESS
  • 5 - 7+ years in risk analysis
  • Experience with retail corporation(s) preferred
  • Demonstrated ability to think critically and make decisions under uncertainty
  • Strong communication and presentation skills
  • Ability to work collaboratively and cross-functionally in a fast-paced environment
#LI-JR1
#LI-Hybrid
The pay range for this position is $66,200.00 - $84,500.00 / Year with the opportunity for eligible associates to earn additional compensation pursuant to the Company's bonus plan. Exact pay will be based on factors including, but not limited to relevant education, qualifications, certifications, experience, level, shift, geographic location, and business and organizational needs. Full-time positions are eligible for paid time off, health, dental, vision, life and disability benefits. Part-time positions are eligible for dental, vision, life, and disability benefits. For additional information concerning our benefits, visit our Benefits and Career Development page: https://learn.bswift.com/ulta
ABOUT
At Ulta Beauty (NASDAQ: ULTA), the possibilities are beautiful. Ulta Beauty is the largest North American beauty retailer and the premier beauty destination for cosmetics, fragrance, skin care products, hair care products and salon services. We bring possibilities to life through the power of beauty each and every day in our stores and online with more than 25,000 products from approximately 500 well-established and emerging beauty brands across all categories and price points, including Ulta Beauty's own private label. Ulta Beauty also offers a full-service salon in every store featuring-hair, skin, brow, and make-up services.
We will consider for employment all qualified applicants, including those with arrest records, conviction records, or other criminal histories, in a manner consistent with the requirements of any applicable state and local laws, including the City of Los Angeles' Fair Chance Initiative for Hiring Ordinance, the San Francisco Fair Chance Ordinance, and the New York City Fair Chance Act.

What Ulta Beauty employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom

Apply