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Insurance Risk Analyst Jobs in Arizona (NOW HIRING)

SRP

Financial Risk Management Analyst

Tempe, AZ · On-site

Medical, vision, dental, and life insurance * Over 200+ hours of PTO (includes vacation days ... focus on risk. What You'll Do * Conduct financial and economic analysis to support planning ...

JP Morgan Chase

Insurance Svc Analyst

Tempe, AZ · On-site

$19.50 - $26.50/hr

Analyze and report on the quality and timeliness of insurance servicing activities, identifying ... Property Underwriting experience assessing risk/occupancy/construction/protection, evaluating ...

JPMorgan Chase & Co

Insurance Svc Analyst

Tempe, AZ · On-site

$19.50 - $26.50/hr

Analyze and report on the quality and timeliness of insurance servicing activities, identifying ... Property Underwriting experience assessing risk/occupancy/construction/protection, evaluating ...

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

$108.97K - $185.16K/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 ...

Northern Trust

Risk Treatment Specialist

Tempe, AZ · Hybrid

$108.97K - $185.16K/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 ...

Archgroup

Director, Risk Control

Scottsdale, AZ · Remote

$150K - $165K/yr

The Director, Risk Control supports Arch Insurance's Large Account Construction business unit by ... Provide expert analysis of workers' compensation, general liability, and auto liability exposures

Archgroup

Director, Risk Control

Scottsdale, AZ · Remote

$150K - $165K/yr

The Director, Risk Control supports Arch Insurance's Large Account Construction business unit by ... Provide expert analysis of workers' compensation, general liability, and auto liability exposures

The Gowan Co.

Insurance Specialist

Yuma, AZ · On-site

Analyze loss data and prepare management reports. Ensure loss data trends are identified and risk mitigation strategies are implemented where needed. * Insurance Certificates & Documentation:

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Insurance Risk Analyst information

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$45.7K

$77.6K

$145.4K

How much do insurance risk analyst jobs pay per year?

As of May 30, 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 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.

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.

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.

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 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.

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 May 2026, with employment types broken down into 86% Full Time, 12% Part Time, and 2% Contract. Highlights an 98% Physical, 1% Hybrid, and 1% Remote job distribution, with an average salary of $77,568 per year, or $37.3 per hour.
Financial Risk Management Analyst

Financial Risk Management Analyst

Salt River Project

Tempe, AZ • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 18 days ago

Salt River Project rating

9.0

Company rating: 9.0 out of 10

Based on 23 frontline employees who took The Breakroom Quiz

Job description

Requisition ID: 20118
Join us in building a better future for Arizona!
SRP is one of the largest public power and water utilities in the U.S. providing electricity to approximately one million customers in the greater metropolitan Phoenix area. Since its founding in 1903, SRP has fostered a culture of stewardship and customer service consistently ranking as an industry leader in customer service according to J.D. Power and named one of Arizona's best employers by Forbes. SRP continues to adapt to its changing business environment by seeking innovative ways to reimagine utility service and the provision of critical resources essential to the life and economy of Arizona.
Why Work at SRP
At SRP, we foster an inclusive work environment and believe everyone should have a fair chance to work, regardless of who they are. That's why we value teams with diverse perspectives, experiences, and backgrounds to help SRP deliver on its mission of providing reliable, affordable and sustainable water and power.
SRP's success is rooted in our employees' happiness, health, and safety. That's why we offer a comprehensive benefits package to meet the needs of our employees and enhance their well-being. In addition to competitive pay and performance incentives, eligible employees can take advantage of the following benefits:
  • Pension Plan (at no cost to the employee)
  • 401(k) plan with employer matching
  • Available your first day: Medical, vision, dental, and life insurance
  • Over 200+ hours of PTO (includes vacation days, holidays, floating holidays, and sick leave)
  • Parental leave (up to 4 weeks) and adoption assistance
  • Wellness programs (including access to a recreation and fitness facility)
  • Short and long-term disability plans
  • Tuition assistance for both undergraduate and graduate programs
  • 10 Employee Resource Groups for career development, community service, and networking

Summary
This role focuses on financial analysis, forecasting, monitoring and reporting on organization's market exposure for various physical and financial commodities. The position is responsible for developing insights into market trends, revenue drivers, and risk to support strategic decision-making for Finance, the Risk Oversight Committee and across Supply & Trading & Fuels. The selected candidate will build and maintain financial models, evaluate market scenarios, and support the development of forward-looking plans and forecasts for energy commodities including natural gas, power, and related markets with a strong focus on risk.
What You'll Do
  • Conduct financial and economic analysis to support planning, forecasting, and pricing strategies across SRP's commodity portfolio (natural gas, power, emissions, and related products).
  • Develop and maintain forecasting and valuation models to assess revenues, costs, and margin under various market scenarios.
  • Analyze market trends, supply/demand fundamentals, and pricing dynamics to inform short- and long-term financial planning.
  • Support the development of budgets, financial plans, and outlooks related to commodity activity and hedging strategies.
  • Evaluate potential transactions and strategies through scenario modeling, sensitivity analysis, and risk-adjusted financial metrics.
  • Produce executive-level reporting and insights on financial performance, market conditions, and key drivers of variance to plan.
  • Partner with Supply & Trading & Fuels, Finance, and Pricing teams to translate operational activity into financial implications and actionable insights.
  • Develop dashboards and reporting tools (Power BI, SQL, Excel) to track key financial, operational, and market indicators.
  • Support revenue forecasting and price-setting processes by analyzing cost drivers, demand assumptions, and market conditions.
  • Provide analytical support for strategic initiatives, including long-term resource planning, pricing proposals, and large customer analysis.
  • Perform ad hoc financial analyses and business case evaluations to support leadership decision-making.
  • Perform quantitative analysis, modeling, and valuation to assess commodity positions, hedging strategies, and transaction economics.
  • Develop and maintain reporting, dashboards, and data tools (Power BI, SQL, Excel) to support financial insights, position tracking, and executive reporting.
  • Partner with internal teams to analyze transactions, monitor exposures and receivables, and support cross-functional financial and risk-related initiatives.
  • Maintain robust compliance with Board-established trading policies by monitoring trading floor activity.
  • Other duties as assigned.

Education
A bachelor's degree relevant to the assignment from an accredited institution is required.
Experience
This position may be filled at one of three levels outlined below, based on the candidate's relevant education, experience, or a combination of both that demonstrates the required knowledge, skills, and competencies.
  • Level 1 - Associate: In lieu of a degree, 4 years of relevant experience or an equivalent combination of education and experience totaling 4 years may be considered.
  • Level 2 - Journey: Minimum 2 years of relevant experience required. In lieu of a degree, 6 years of relevant experience or an equivalent combination of education and experience totaling 6 years may be considered.
  • Level 3 - Senior: Minimum 5 years of relevant experience required. In lieu of a degree, 9 years of relevant experience or an equivalent combination of education and experience totaling 9 years may be considered.

Eligibility for advancement (progression) to the next level in the same role is based on overall job performance, mastery of all functional responsibilities, and time in position, as assessed by the supervisor.
Additional Requirements and Qualifications
  • Strong analytical and modeling capabilities with the ability to translate complex data into clear financial insights.
  • Demonstrated ability to support budgeting, forecasting, and financial planning processes.
  • Understanding of market fundamentals and pricing dynamics, particularly in energy or commodity markets (preferred).
  • Ability to communicate financial concepts and insights effectively to both technical and non-technical stakeholders.
  • Advanced proficiency in Excel; experience with Power BI, SQL, or other data visualization/reporting tools preferred.
  • Analytical experience in Finance, Economics, Engineering, Mathematics, or related fields.

Hybrid Workplace
SRP currently offers a hybrid workplace, which allows employees whose jobs can be performed remotely, and who have sufficient technical capability, to telework up to three days per week. Although teleworking is available, all employees must live and work in Arizona.
Drug/Alcohol Policy Statement
To promote the safety and well-being of our employees, customers, and the communities we serve, SRP is committed to maintaining a drug/alcohol free work environment. Although marijuana may now be legal in Arizona, except as otherwise specified under Arizona law, SRP considers it to be an illegal drug for the purpose of our drug/alcohol policy because marijuana remains illegal at the federal level. Any candidate found to be impaired during the hiring process or who has the presence of an illegal drug or unauthorized substance in their system during the pre-employment drug/alcohol test may be disqualified from further consideration in the hiring process.
Equal Opportunity Employer Statement
Salt River Project (SRP) is committed to equal employment opportunity regardless of race, color, religion, sex (including pregnancy), gender identity, sexual orientation, national origin, age, disability, genetic information, military status, or any other protected status under applicable federal, state or local law.
Work Authorization
All candidates must be legally authorized to work in the United States.
Currently, SRP does not sponsor H1B visas, OPT, or other employment-related visa's.

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