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Insurance Contract Manager Jobs in Chicago, IL (NOW HIRING)

TREW LLC

Contract Manager

Chicago, IL · On-site

$80 - $100/hr

Contract Manager Location: West Chester, OH Job Id: 2095 # of Openings: 1 Contract Manager Legal ... insurance requirements, and standard and fallback positions. Maintain and update the company ...

AAR Corporation

Manager, Defense Contracts

Wood Dale, IL · On-site

$91K - $112K/yr

Independently analyze and respond to solicitations and contract awards for products issued through ... AAR offers a competitive benefits package, including medical/dental/vision/life/and AD&D insurance ...

AAR

Manager, Defense Contracts

Wood Dale, IL · On-site

$91K - $112K/yr

Independently analyze and respond to solicitations and contract awards for products issued through ... AAR offers a competitive benefits package, including medical/dental/vision/life/and AD&D insurance ...

AAR Corporation

Manager, Defense Contracts

Wood Dale, IL

$91K - $112K/yr

Independently analyze and respond to solicitations and contract awards for products issued through ... AAR offers a competitive benefits package, including medical/dental/vision/life/and AD&D insurance ...

Invenergy, LLC

Manager, Commercial Contracts

Chicago, IL · On-site

$125 - $150/hr

Position Overview As the Manager of Contracts, you will participate in the negotiation of Power ... Benefits include medical, dental and vision insurance, 401(k), paid time off, and other programs.

Chicago Housing Authority

Contract Analyst

Chicago, IL · Hybrid

$71K - $86K/yr

Manages and prioritizes multiple projects simultaneously and responds to change in a professional ... Pet Insurance * Parking Transit * Prepaid Legal Services * Brightstar 529 College Savings Plan

Chicago Housing Authority

Contract Analyst

Chicago, IL · On-site

$70K - $75K/yr

Manages and prioritizes multiple projects simultaneously and responds to change in a professional ... Pet Insurance * Parking Transit * Prepaid Legal Services * Brightstar 529 College Savings Plan

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All JobsInsurance Contract JobsInsurance Contract Manager JobsInsurance Contract Manager Jobs in Chicago, IL

Insurance Contract Manager information

See Chicago, IL salary details

$42.2K

$109.2K

$143.2K

How much do insurance contract manager jobs pay per year?

As of Sep 7, 2026, the average yearly pay for insurance contract manager in Chicago, IL is $109,231.00, according to ZipRecruiter salary data. Most workers in this role earn between $91,700.00 and $122,600.00 per year, depending on experience, location, and employer.

What does an insurance contract manager do?

An Insurance Contract Manager is responsible for overseeing and managing the creation, negotiation, and administration of insurance contracts within an organization. They ensure that all contracts meet legal requirements, comply with company policies, and protect the organization’s interests. Their role often includes liaising with clients, underwriters, and legal teams, as well as monitoring contract performance and resolving any disputes or issues that arise. This position requires strong attention to detail, knowledge of insurance regulations, and excellent communication skills.

What are the key skills and qualifications needed to thrive as an insurance contract manager?

To thrive as an Insurance Contract Manager, you need strong knowledge of insurance policies, contract law, and negotiation, typically supported by a degree in business, law, or a related field. Familiarity with contract management software, regulatory compliance systems, and industry-specific platforms like Salesforce or Guidewire is valuable. Excellent attention to detail, analytical thinking, and effective communication are crucial soft skills for managing complex agreements and building client relationships. These abilities are essential for ensuring compliant, profitable contracts and minimizing organizational risk.

What are some typical challenges faced by insurance contract managers when negotiating terms with clients and underwriters?

Insurance Contract Managers often encounter challenges such as balancing the interests of clients with the risk tolerance and requirements of underwriters. They must ensure that contract language is clear and compliant with regulations while also being commercially viable. Negotiations can involve complex policy details, evolving legal standards, and the need to coordinate among multiple stakeholders, requiring strong communication and problem-solving skills. Staying up-to-date with industry changes and building effective relationships are key to overcoming these challenges.

Are insurance contract managers in demand?

Insurance contract managers are in steady demand due to the ongoing need for risk assessment, policy management, and compliance within the insurance industry. They typically require strong negotiation skills and knowledge of insurance regulations, with employment prospects influenced by the overall health of the insurance sector and regulatory changes.

How much is an insurance contract manager paid?

Insurance contract managers typically earn a median annual salary of around $70,000 to $100,000, depending on experience, location, and the size of the organization. Senior or specialized contract managers may earn higher salaries, and certifications such as CPCU can influence compensation. Salaries often include benefits and opportunities for bonuses or incentives.

Is an insurance contract manager a stressful job?

An insurance contract manager's role involves overseeing policy agreements, ensuring compliance, and managing negotiations, which can be demanding due to deadlines and accuracy requirements. The job may involve high-pressure situations, especially during audits or policy disputes, but it also offers structured workflows and the use of management tools to handle workload. Stress levels vary depending on the organization, workload, and individual skills in risk assessment and communication.

What are popular job titles related to Insurance Contract Manager jobs in Chicago, IL?

For Insurance Contract Manager jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Insurance Contract Manager jobs in Chicago, IL look for?

The top searched job categories for Insurance Contract Manager jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Insurance Contract Manager jobs?

Cities near Chicago, IL with the most Insurance Contract Manager job openings:

Insurance Contract Manager jobs near you
Infographic showing various Insurance Contract Manager job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 73% Full Time, 21% Part Time, and 5% Contract. Highlights an 91% Physical, 2% Hybrid, and 7% Remote job distribution, with an average salary of $109,231 per year, or $52.5 per hour.

Insurance Contract Manager

Bionic Prosthetics and Orthotics

Merrillville, IN • On-site

$87K - $117K/yr

Full-time

Posted 19 days ago

Job description

We are a growing Prosthetic and Orthotic organization searching for an experienced Contract Manager based at our Activity and Business Center in Merrillville, IN. This is a full-time position with office hours Monday-Friday, 8 AM-5 PM.

As a key member of Bionics management team, the Contract Manager is responsible for the development, negotiation, and maintenance of all healthcare contracts. Key factors include assertively supporting the sales growth by developing new contracts with payers and expanding services with payers that have existing contracts. The position leads the entire contract process from pre-contract through post-signature phases, and closely collaborates with the sales team and internal departments to ensure staff are informed of new contracts, changes to existing contracts and updates to the medical and billing policies of the payers we serve.
***THIS IS NOT A REMOTE POSITION***

Key Responsibilities:

  • Strong knowledge of facility, contracting, and compliance requirement.
  • Develop, negotiate and maintain contracts with all payers, insurance companies and government programs. This includes researching territories to identify gaps with our payer base and supporting the expansion into new markets.
  • Actively participate in establishing strategic business goals with the Leadership Team.
  • Assure contractual arrangements meet financial targets and legal/regulatory compliance requirements.
  • Facilitate the approval process of all contract documents from pre-contract through post signature phases.
  • Responsible for the accuracy of supporting documentation for contracts and completing documents accurately.
  • Develop and maintain processes that provide timely notification of critical contract events. Such as renewals, termination and due dates contained within the agreements.
  • Maintain existing relationships with contracted providers. Ensure contractual language is kept current; evaluate fee schedule on a yearly basis to identify possible opportunities for additional covered services, medical policy changes and reimbursement.
  • Direct responsibility for the organization Facility complaisance, including staying current with the current requirements, new facility setup and ongoing maintenance of facility related compliance.

Requirements:

  • Minimum of 3 years of relevant experience with hospital, clinic, physician, and/or primary care and health system contracting. Orthotics and Prosthetics is a plus!
  • Bachelor's Degree or equivalent experience
  • Strong knowledge and understanding of healthcare industry, legal and regulatory requirements
  • Willingness to actively participate in all aspects of the contract administrative process.
  • Excellent contract negotiation skills
  • Knowledge and use of OPIE software preferred but not required.

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