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Insurance And Risk Management Jobs in Somerset, NJ

The Director of Risk Management provides strategic leadership and operational oversight for risk ... Insurance Program Management * Lead all aspects of annual insurance renewals across all lines of ...

Comprehensive medical, dental, vision, life insurance, and disability benefits * Flexible working ... Partner with Control Management and other stakeholders to support broader risk, governance, and ...

Comprehensive medical, dental, vision, life insurance, and disability benefits * Flexible working ... Knowledge of risk management frameworks, regulatory landscape, and methodologies. Preferred ...

Risk Manager

Morristown, NJ ยท On-site

$61.18 - $107.69/hr

Advises site nursing staff, medical staff and administration on legal issues, billing, insurance, risk management, corporate compliance, EMTALA, HIPAA and other regulatory concerns following the ...

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Insurance And Risk Management information

See Somerset, NJ salary details

$87.2K

$128.4K

$196.5K

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

As of Aug 8, 2026, the average yearly pay for insurance and risk management in Somerset, NJ is $128,376.00, according to ZipRecruiter salary data. Most workers in this role earn between $106,700.00 and $145,800.00 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?

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 job categories do people searching Insurance And Risk Management jobs in Somerset, NJ look for? The top searched job categories for Insurance And Risk Management jobs in Somerset, NJ are:
What cities near Somerset, NJ are hiring for Insurance And Risk Management jobs? Cities near Somerset, NJ with the most Insurance And Risk Management job openings:
Infographic showing various Insurance And Risk Management job openings in Somerset, NJ as of July 2026, with employment types broken down into 1% As Needed, 81% Full Time, 15% Part Time, 1% Temporary, and 2% Contract. Highlights an 86% Physical, 2% Hybrid, and 12% Remote job distribution, with an average salary of $128,376 per year, or $61.7 per hour.

Analyst, Insurance and Risk Management

New York City Economic Development Corporation

New York, NY โ€ข On-site

Full-time

Re-posted 10 days ago


Job description

Position Overview:ย NYCEDC is seeking an Analyst, Insurance & Risk Management, to support the Vice President inย identifying, analyzing, and mitigating risk across NYCEDC's operations, assets, programs, and projects. This role will work closely with the VP,ย toย assistย NYCEDCย Project Managers, Asset Management, Legal, Accounting, and external insurance partnersย inย supportingย insurance renewals, claims administration, contract reviews, risk documentation, and day-to-day operational needs. The ideal candidate is highly detail-oriented, analytical, collaborative, and comfortable supporting multiple priorities in a dynamic environment.ย 

Essential Duties and Responsibilities:

  • Coordinate with NYCEDC's Asset Management team and Project Managers to gather property, occupancy, construction, protection, exposure, address, and total insured value informationย 
  • Maintain schedules of values and related insurance budget and allocation information by assetย 
  • Prepare, update, and review insurance renewal submissions for all lines of business and new policy placements prior to VP reviewย 
  • Review insurance quotes, binders, policies, and endorsements for accuracy and completenessย 
  • Collect, review, andย submitย documentation to support property-related loss claims that exceed the deductibleย 
  • Coordinate risk engineering and loss prevention site visits with internal stakeholders and external partnersย 
  • Support administrative requirements related to NYCEDC's captive insurer, City Lights Insurance Companyย 
  • Process payment requests, signoffs, and supporting documentation related to insurance renewals, policy changes, and captive insurer activitiesย 
  • Attend industry conferences, seminars, and events, as recommended and as work responsibilities permitย 
  • Work directly with insurance brokers to request certificates of insurance, auto ID cards, and other insurance documentation needed to support NYCEDC operationsย 
  • Other duties as assignedย 

Qualifications:ย 

  • Bachelor's degree or equivalent experienceย required; coursework or concentration in Risk Management, Insurance, Finance, Business, or a related field preferredย 
  • At least 2ย years of relevant experience in commercial insurance, brokerage, risk management, claims, real estate, construction, or a related field preferredย 
  • Demonstratedย accuracy and thoroughness in analytical work, documentย reviewย and problem resolutionย 
  • Demonstratedย verbal and written communication skills, withย experience collaboratingย with internal and external stakeholdersย 
  • Ability to manage multiple priorities, meet deadlines, and collaborate effectively in a cross-departmental, team-oriented environmentย 
  • Proficiencyย with Microsoft Officeย required, with intermediate-to-advanced Excel and PowerPoint skills preferredย 
  • Ability to learn and use systems, databases, and tools that support insurance and risk management functionsย 
  • Process-oriented mindset with a focus on accuracy, efficiency, and continuous improvementย 
  • New York City residency isย requiredย withinย 180 daysย of hireย