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Insurance Procurement Jobs (NOW HIRING)

This role oversees insurance procurement, renewals, claims administration, captive insurance operations and risk reporting to ensure adequate protection of company assets and compliance with internal ...

Risk Coordinator

Des Plaines, IL · On-site

$25 - $35/hr

Experience with insurance procurement, policy renewals, and certificate management. * Hands-on experience managing general liability, auto, workers' compensation, and property claims. * Proficiency ...

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Insurance Procurement information

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How much do insurance procurement jobs pay per hour?

As of Jul 6, 2026, the average hourly pay for insurance procurement in the United States is $31.80, according to ZipRecruiter salary data. Most workers in this role earn between $23.32 and $37.50 per hour, depending on experience, location, and employer.

Is procurement a stressful job?

Insurance procurement professionals often face deadlines, negotiation challenges, and the need for accuracy, which can contribute to stress. However, the level of stress varies depending on the organization, workload, and individual skills in areas like communication and risk management.

What are the key skills and qualifications needed to thrive in Insurance Procurement, and why are they important?

To thrive in Insurance Procurement, you need a solid understanding of risk management, insurance products, and procurement processes, often supported by a degree in business, finance, or a related field. Familiarity with contract management systems, insurance databases, and procurement software such as SAP Ariba or Oracle Procurement is typically required. Strong negotiation, analytical thinking, and communication skills help professionals build relationships with insurers and secure optimal terms. These skills are vital to effectively manage organizational risk, control costs, and ensure comprehensive coverage.

What is the highest paid position in insurance?

In insurance, executive roles such as Chief Executive Officer (CEO), Chief Underwriting Officer, or Chief Risk Officer tend to be the highest paid positions, often earning six-figure salaries plus bonuses. These roles require extensive experience, leadership skills, and industry knowledge, and they oversee company strategy, underwriting, and risk management functions.

What is procurement in insurance?

In insurance, procurement involves sourcing and acquiring insurance policies, services, or related resources needed by an organization. Insurance procurement professionals evaluate providers, negotiate terms, and manage contracts to ensure the organization obtains appropriate coverage at competitive rates. Strong negotiation skills and knowledge of insurance products are essential in this role.

What is insurance procurement?

Insurance procurement refers to the process of identifying, evaluating, and purchasing insurance policies to protect an individual or organization against potential risks or losses. This process involves assessing the insurance needs, researching available policies, soliciting bids from insurance providers, and selecting the most appropriate coverage based on cost and terms. Insurance procurement can apply to a wide range of insurance types, including property, liability, health, and more, depending on the needs of the person or business. Professionals in this field often work closely with insurance brokers, agents, and underwriters to ensure adequate coverage is obtained.

How much does procurement get paid?

Salaries for procurement professionals, including those in insurance procurement, typically range from $50,000 to $100,000 annually, depending on experience, location, and industry size. Entry-level roles may start lower, while experienced procurement managers can earn higher salaries and bonuses. Certifications like CPSM or CIPS can also influence compensation levels.

What are some common challenges faced in an Insurance Procurement role, and how can they be addressed?

One common challenge in Insurance Procurement is balancing comprehensive coverage with cost-effectiveness, as it requires thorough market research and negotiation with multiple providers. Professionals in this role often need to stay updated on changing regulations and policy options, which can be time-consuming. Collaborating closely with internal stakeholders to accurately assess risk exposure and coverage needs is crucial. To address these challenges, cultivating strong provider relationships, leveraging data analytics for informed decision-making, and regularly reviewing policy performance are recommended industry practices.

What is the difference between Insurance Procurement vs Insurance Underwriter?

AspectInsurance ProcurementInsurance Underwriter
Required CredentialsTypically requires a bachelor's degree in business, finance, or related fields; certifications like CPCU or ARM are commonRequires a bachelor's degree in finance, economics, or related; professional certifications such as CPCU or FCAS are often preferred
Work EnvironmentOffice-based, collaborating with insurance providers and internal teamsOffice or remote, assessing risks and determining policy terms
Employer & Industry UsageUsed by insurance companies, brokers, and large corporations for sourcing insurance policiesEmployed by insurance companies to evaluate and price risks

Insurance Procurement focuses on sourcing and negotiating insurance policies, while Insurance Underwriters assess risks and determine policy terms. Both roles require similar credentials and often work within the insurance industry, but their core responsibilities differ significantly.

More about Insurance Procurement jobs
What states have the most Insurance Procurement jobs? States with the most job openings for Insurance Procurement jobs include:
Infographic showing various Insurance Procurement job openings in the United States as of June 2026, with employment types broken down into 1% As Needed, 71% Full Time, 22% Part Time, and 6% Contract. Highlights an 91% Physical, 1% Hybrid, and 8% Remote job distribution, with an average salary of $66,142 per year, or $31.8 per hour.
Enterprise Risk & Insurance Procurement

Enterprise Risk & Insurance Procurement

Sullivan Brothers Family of Companies

Houston, TX • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 20 days ago


Job description

The Insurance Manager is a senior individual contributor who serves as the enterprise’s primary governance authority over the insurance procurement process across a diversified portfolio of companies operating in multiple industries. Reporting directly to the Chief Risk Officer, this role is accountable for establishing, enforcing, and continuously improving the standards, processes, and controls through which the enterprise identifies, quantifies, and transfers insurable risk. This position owns the full insurance procurement lifecycle — from standardized data collection and pre-underwriting analysis through submission development, market negotiation, policy binding, and post-placement administration. Beyond transactional execution, the Insurance Manager is responsible for instituting enterprise-wide governance frameworks that ensure consistency, accountability, and transparency in how insurance is procured, documented, and maintained across all operating entities.

The ideal candidate brings deep fluency in commercial insurance underwriting and broker operations, understands how submissions move through insurer decision chains, and can craft risk narratives that differentiate the enterprise from other insureds in competitive markets. Equally important is the ability to build governance infrastructure — policies, procedures, workflows, and controls — that scales across a multi-entity enterprise and creates a durable, auditable procurement function.

Key Responsibilities

Insurance Procurement Governance - Establish and own the enterprise’s insurance procurement governance framework — defining the policies, procedures, standards, roles, and controls that govern how insurance is purchased, renewed, documented, and monitored across all operating entities.

Insurance Procurement & Renewal Management - Own the full annual renewal cycle across all lines of coverage for the enterprise portfolio, including property, general liability, auto, umbrella/excess, management liability (D&O, EPLI, Fiduciary), professional liability, cyber, and specialty lines.

Underwriting Submission Development - Build professional-grade underwriting submissions that serve as the enterprise’s definitive risk narrative — combining quantitative exposure data with qualitative context to differentiate the organization from other insureds in the market.

Pre-Underwriting Analysis & Risk Financing Strategy - Conduct annual pre-underwriting analysis for all major coverage lines — modeling expected losses, retention options, and program structures to inform negotiation strategy before submissions go to market.

Broker Strategy & Relationship Management - Support the Chief Risk Officer in developing and executing the organization’s insurance broker strategy, including broker panel selection, service standards, and periodic performance evaluation.

Certificate of Insurance (COI) Management - Develop and govern a scalable COI fulfillment program across all operating companies, including issuance standards, approval workflows, and templates aligned with organizational risk appetite and contractual obligations.

Document & Data Management - Serve as the enterprise custodian of all insurance-related documentation — policies, endorsements, binders, applications, submissions, loss runs, and correspondence — maintaining a structured system with version control, accessibility, and audit readiness.

Business Unit Coaching & Insurance Education - Serve as the primary coach and resource for business unit personnel with local insurance or risk management responsibilities, helping them understand coverage structures, renewal data obligations, and governance requirements.

Claims Collaboration - Partner closely with the Claims Manager throughout the commercial insurance claims process, providing policy interpretation, coverage analysis, and insurer liaison support.

Required Experience

• Minimum of 10 years of directly relevant experience in one or more of the following: corporate risk management, commercial insurance underwriting, or insurance brokerage services (account management, placement, or analytics).

• Demonstrated experience managing complex, multi-entity or multi-industry insurance programs across multiple lines of coverage.

• Direct, hands-on experience developing underwriting submissions and marketing risks to commercial insurance carriers.

• Working knowledge of captive insurance structures and alternative risk financing concepts.

• Experience building or operating governance frameworks, process standards, or procurement controls in a multi-entity environment.

• Experience managing certificate of insurance programs at scale.

Education

• Bachelor’s degree in Risk Management, Finance, Business Administration, or a related field required; or, in lieu of a degree, a minimum of 15 years of directly relevant experience in corporate risk management, commercial insurance underwriting, or insurance brokerage services demonstrating equivalent professional knowledge and capability.

• Advanced degree (MBA or MS in Risk Management/Insurance) preferred.

Licenses & Certifications (Preferred)

• Associate in Risk Management (ARM) or Chartered Property Casualty Underwriter (CPCU) strongly preferred.

• Certified Risk Management Professional (RIMS-CRMP) a plus. Active P&C broker’s license beneficial but not required.

Knowledge, Skills & Abilities

• Deep technical knowledge of commercial P&C insurance products, coverage terms, and policy forms across property, casualty, management liability, professional lines, and specialty coverages.

• Strong understanding of the commercial underwriting process — including how underwriters evaluate submissions, price risk, and obtain internal approvals — enabling the candidate to craft submissions that move efficiently through insurer decision chains.

• Demonstrated ability to design, implement, and maintain governance frameworks, process standards, and procurement controls in complex, multi-entity environments.

• Ability to translate complex operational and financial data into clear, persuasive risk narratives for both insurance professionals and executive audiences.

• Strong project management skills with the ability to manage multiple renewal timelines, data streams, and stakeholders simultaneously.

• Excellent written and verbal communication skills; comfortable presenting to senior leadership and providing governance reporting to the CRO.

• High proficiency in Microsoft Excel, Word, and PowerPoint; familiarity with risk management information systems (RMIS) or insurance data platforms a plus.

• Collaborative, service-oriented approach with the ability to influence without direct authority across diverse operating companies.

Compensation & Benefits

Competitive base salary commensurate with experience. Comprehensive benefits package including health, dental, vision, 401(k) with employer match, paid time off, and professional development support including industry certifications and RIMS membership.