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Insurance Risk Analyst Jobs in Arizona (NOW HIRING)

Gallagher

Medicare Insurance Agent

Chandler, AZ · Remote

$21/hr

Now part of Gallagher, a global leader in insurance, risk management, and consulting, you'll join a ... Conduct personalized needs analyses for customers to understand their Medicare. * Walk customers ...

Northern Trust

Risk Treatment Specialist

Tempe, AZ · Hybrid

$108K - $185K/yr

Produce impactful and insightful thematic analysis to support proactive risk management * Maintain ... insurance, and other voluntary and well-being benefits. Northern Trust also provides a ...

Gallagher

Captive Risk Consultant

Phoenix, AZ · On-site

Introduction At Artex, we reimagine what risk management can be and we do it with bold thinking ... Overview Our Advisory and Analytics team assists clients with their insurance buying decisions ...

Northern Trust

Risk Treatment Specialist

Tempe, AZ · On-site

$108K - $185K/yr

Produce impactful and insightful thematic analysis to support proactive risk management * Maintain ... insurance, and other voluntary and well-being benefits. Northern Trust also provides a ...

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All JobsInsurance Risk Analyst JobsInsurance Risk Analyst Jobs in Arizona

Insurance Risk Analyst information

See Arizona salary details

$45.7K

$77.6K

$145.4K

How much do insurance risk analyst jobs pay per year?

As of Jun 19, 2026, the average yearly pay for insurance risk analyst in Arizona is $77,568.00, according to ZipRecruiter salary data. Most workers in this role earn between $60,600.00 and $80,600.00 per year, depending on experience, location, and employer.

What are some common challenges faced by Insurance Risk Analysts in evaluating emerging risks?

Insurance Risk Analysts often encounter challenges when assessing emerging risks such as cyber threats, climate change, or new technologies, as there may be limited historical data available. This requires them to continuously update their knowledge, collaborate with underwriters, actuaries, and external experts, and adopt advanced analytical tools to make informed recommendations. Staying proactive in identifying trends and adapting risk models is essential for success in this dynamic environment.

How much do risk analysts get paid?

Risk analysts in the insurance industry typically earn a median annual salary between $60,000 and $80,000, with experienced professionals or those in senior roles earning over $100,000. Salaries vary based on experience, location, and certifications such as the Chartered Property Casualty Underwriter (CPCU).

What is the highest paid position in insurance?

In insurance, executive roles such as Chief Underwriting Officer, Chief Risk Officer, or Chief Executive Officer tend to be the highest paid positions, often earning six- to seven-figure salaries. These roles require extensive experience, leadership skills, and often advanced certifications or degrees, and they oversee strategic decision-making and risk management at the highest level.

What are Insurance Risk Analysts?

Insurance Risk Analysts are professionals who assess and analyze potential risks that could affect an insurance company or its clients. They evaluate data and financial information to determine the likelihood and potential cost of events such as accidents, natural disasters, or other losses. Their work helps insurance companies set appropriate premiums and develop strategies to minimize financial loss. Insurance Risk Analysts also monitor trends and provide recommendations to reduce risk exposure.

What does a risk analyst do for an insurance company?

An insurance risk analyst evaluates potential risks that could affect an insurance company's financial stability by analyzing data, assessing policyholders' risk profiles, and using statistical tools. They help determine appropriate premiums and develop strategies to mitigate losses, often working with underwriting teams and utilizing risk management software.

What is the difference between Insurance Risk Analyst vs Insurance Underwriter?

AspectInsurance Risk AnalystInsurance Underwriter
Required CredentialsBachelor's degree in finance, economics, or related field; certifications like CPCU or ARM beneficialBachelor's degree in finance, economics, or related field; certifications like CPCU or ARM beneficial
Work EnvironmentAnalyzes data, assesses risks, and provides reports; often in an office settingEvaluates applications, determines policy terms, and approves or declines coverage; office-based
Employer & Industry UsageInsurance companies, risk management firms, consulting agenciesInsurance companies, brokerage firms, underwriting agencies

While both roles require similar credentials and work in the insurance industry, Insurance Risk Analysts focus on analyzing and quantifying risks to inform decision-making, whereas Insurance Underwriters evaluate individual applications to determine policy terms. Understanding these differences helps clarify career paths and employer expectations in the insurance sector.

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

To thrive as an Insurance Risk Analyst, you need strong analytical skills, a solid understanding of risk assessment methodologies, and typically a bachelor’s degree in finance, mathematics, or a related field. Familiarity with statistical software, risk modeling tools, and certifications such as Chartered Property Casualty Underwriter (CPCU) or Associate in Risk Management (ARM) are often required. Attention to detail, critical thinking, and effective communication are crucial soft skills for interpreting data and presenting findings to stakeholders. These skills ensure accurate risk evaluation, informed decision-making, and the development of effective risk mitigation strategies within insurance organizations.

Is risk analyst an entry level job?

A risk analyst position can be entry level or require several years of experience, depending on the employer and specific role. Entry-level risk analyst jobs typically require a bachelor's degree in finance, economics, or a related field, and may involve on-the-job training or certifications such as FRM or CRM. More advanced roles may require prior experience or specialized skills in data analysis or risk modeling.

What Does an Insurance Risk Analyst Do?

An insurance risk analyst performs a variety of duties related to assessing risks your clients may undergo and how to insure them properly. You collect and analyze data, such as past claims in the industry, competitor pricing, and various risk management strategies to help your company keep costs down. Qualifications for the job include career training, education, and specialized skills. Typically, you need a bachelor’s degree in accounting or finance and some work experience in the industry. Important skills include an excellent eye for detail and strong analytical problem-solving.

More about Insurance Risk Analyst jobs
What are popular job titles related to Insurance Risk Analyst jobs in Arizona? For Insurance Risk Analyst jobs in Arizona, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Analyst jobs in Arizona look for? The top searched job categories for Insurance Risk Analyst jobs in Arizona are:
What cities in Arizona are hiring for Insurance Risk Analyst jobs? Cities in Arizona with the most Insurance Risk Analyst job openings:
What are popular job titles related to Insurance Risk Analyst jobs in AZ? For Insurance Risk Analyst jobs in AZ, the most frequently searched job titles are:
Insurance Risk Analyst jobs near you
Infographic showing various Insurance Risk Analyst job openings in Arizona as of June 2026, with employment types broken down into 1% Locum Tenens, 1% Internship, 86% Full Time, 9% Part Time, and 3% Contract. Highlights an 80% Physical, 9% Hybrid, and 11% Remote job distribution, with an average salary of $77,568 per year, or $37.3 per hour.
Risk Program Manager

Risk Program Manager

Phoenix Children's Hospital

Phoenix, AZ • On-site

Full-time

Posted 11 days ago

Job description

Position Details
Department: CORP | Risk Management
Location: Phoenix
Shift: Mon-Fri, Days, 8am-5pm
Category: Legal/Risk/Reg Compliance
Posting #: 1025835
Employee Type: Full-Time
Position Summary
The Risk Program Manager collaborates with senior leaders and key stakeholders or experts, (e.g., Clinical Operations, Patient Safety, Supply Chain, Legal, and Regulatory Services), throughout Phoenix Children's to develop system-wide responses to risk issues that impact specific groups or the entire organization with policies/procedures, guidelines, tools, forms, and education/training. In addition, this position serves as a liaison between patients, families, and all hospital departments, facilitating conflict management and complaint resolution to achieve optimal communication between patients and healthcare team.
Position Duties
  • I. Develops risk mitigation strategies based on analysis of relevant data (e.g. claims, complaints/grievances, Serious Reportable Events, and risk assessments). Investigates and analyzes potential and actual professional liability exposures in the organization; evaluate the extent and elements of exposure and recommend appropriate actions for risk mitigation
    a. Works in conjunction with the Quality Management and operational leaders in the investigation of potential or actual events/concerns. Participates in root cause analysis (RCA), Failure Mode and Effects Analysis (FMEA), or risk mitigation and investigation strategies.
    b. Supports the Risk Management and Quality Management teams in error prevention efforts by investigating and analyzing events and trends, and communicates findings to appropriate departments/staff.
    c. Develops processes and benchmarks to monitor the effectiveness of risk mitigation strategies.
    d. Collaborates with Risk Management and Quality Management staff in developing periodic in-services, teleconferences, face-to face meetings and work groups regarding health care risk management and related topics.
    e. Performs risk assessments and audits in various clinical settings and coordinates development of clinical loss prevention plans for Phoenix Children's based on event or claims analysis. Assumes an active role in on-boarding newly acquired practices and mitigating potential liabilities using risk assessment tools.
    f. Assists Quality Management in gathering information requested by regulatory agencies, in regards to complaints/grievances, and event investigations. Assists Quality Management in the identification of policies/procedures, and other information that identifies and supports organizational efforts in response to regulatory investigations.
  • II. Under the direction of Risk Management Leadership and Phoenix Children's Counsel, investigate and analyze potential and actual professional liability exposures in the organization; evaluate the extent and elements of exposure and recommend appropriate actions for risk mitigation.
    a. Ensures the quality of legal services for HPL lawsuits and the efficient use of funds
    allocated for legal expenses by directing the activities of outside defense counsel,
    performing internal audits of defense legal services and continually evaluating
    strategic alternatives and opportunities for early mediation/resolution of claims and
    litigation.
    b. Serves as a liaison between Counsel, other business units and external contacts to
    coordinate and expedite legal matters to ensure discovery and other related documents
    are prepared and executed accurately and in a timely manner. Coordinates activities
    related to meetings, depositions, mediations, and other legal activities and ensures the
    litigation calendar is up to date.
    c. In conjunction with the Risk Management Director, will keep Phoenix Children's Risk Management Leadership and General Counsel regularly apprised of all significant developments in claims and litigation matters. Such leaders shall be consulted sufficiently in advance of the date by which any significant decision must be made regarding a particular matter. This includes obtaining settlement authority and discussing any other discovery or public relations topics.
    d. Collaborates in the completion of notifications and financial recommendations needed for compliance with tracking and insurer requirements, including excess insurance carrier notifications, reserve recommendations, and any federal, state, or entity reporting requirements (including SMDA, MMSEA Section 111, DataBank, etc.) as necessary.
    e. Provides oversight and maintains the accuracy and integrity of documentation in the Risk Management System (RMIS). Ensures that the claims/litigation files and other documentation are organized, clear, concise, and timely updated.
  • Works with clinical leaders to manage complex or unresolved complaints and grievances.
    a. Researches medical records, policies and procedures to gather information required for the resolution of complaints/grievances.
    b. Supports operational leaders in implementing and sustaining patient experience improvement initiatives. Is a key partner is supporting the culture of patient and family centered care.
    c. Initiates rounding on patients and staff and prioritizes focused re-visits to improve the patient and family experience.
    d. Works with clinical leaders to ensure a written response to grievances in accordance with applicable policies and regulations.
  • IV. Provides on-call assistance for emergent/urgent risk management issues.
  • Performs miscellaneous job related duties as requested.

Phoenix Children's Mission, Vision, & Values
Mission
To advance hope, healing and the best healthcare for children and their families
Vision
Phoenix Children's will be the leading pediatric health system in the Southwest, nationally recognized for exceptional care, innovative research and advanced medical education.
We realize this vision by:
  • Offering the most comprehensive care across ages, communities and specialties
  • Investing in innovative research, including emerging treatments, tools and technologies
  • Advancing education and training to shape the next generation of clinical leaders
  • Advocating for the health and well-being of children and families
Values
  • We place children and families at the center of all we do
  • We deliver exceptional care, every day and in every way
  • We collaborate with colleagues, partners and communities to amplify our impact
  • We set the standards of pediatric healthcare today, and innovate for the future
  • We are accountable for making the highest quality care accessible and affordable
Phoenix Children's Hospital logo

About Phoenix Children's Hospital

Sourced by ZipRecruiter

Phoenix Children's Hospital, located in Phoenix, AZ, is a prominent establishment within the healthcare industry. Known for its commitment to pediatric healthcare, the hospital provides a vast range of services catering to the unique health needs of children. Originally founded in 1983, Phoenix Children's Hospital prides itself on being one of the largest and most respected children's hospitals in the country. Guided by its mission–"to provide hope, healing and the best healthcare for children and their families"–the hospital holds strong on its core values of family-centered care, excellence in clinical care, innovation, and stewardship.

Industry

Health care and social assistance

Company size

1,001 - 5,000 Employees

Headquarters location

Phoenix, AZ, US

Year founded

1983

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