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Insurance Risk Analyst Jobs in Arizona (NOW HIRING)

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 ...

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:

Gowan Company

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:

PMA Companies

Senior Risk Control Consultant

Phoenix, AZ · On-site

$90K - $120K/yr

... lines of insurance coverage that may include workers compensation, commercial auto, general ... Use analytics to support plans and recommendations, and to help show correlation of the service ...

US Bank

Credit Analyst (Multiple Levels)

Tempe, AZ

$75K - $89K/yr

... and minimize risk and potential loss to the company. May use technological tools, including ... Basic term and optional term life insurance * Short-term and long-term disability * Pregnancy ...

New

United Fire Group

Sr Risk Control Consultant

Phoenix, AZ · On-site +1

$112K - $143K/yr

... analysis and development of corrective action strategies. * Produce high-quality, technically ... UFG Insurance is committed to fair and equitable compensation practices. The base salary range for ...

Royal Bank of Canada

Supervisory Risk Manager

Phoenix, AZ · On-site

$90K - $160K/yr

Perform account triage and in-depth analysis for monthly account reviews and work with field ... insurance, and paid-time off. * Leaders who support your development through coaching and managing ...

OneMain Financial

Underwriter

Tempe, AZ · On-site

Experience in underwriting, lending, banking, financial services, insurance, risk management, or a related field. * Experience analyzing financial, credit, or risk-related information. * Experience ...

OneMain Financial

Underwriter

Tempe, AZ · On-site

Experience in underwriting, lending, banking, financial services, insurance, risk management, or a related field. * Experience analyzing financial, credit, or risk-related information. * Experience ...

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Showing results 1-20

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 Jul 10, 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.

How much does an insurance analyst make?

The average salary for an insurance risk analyst is around $70,000 to $85,000 per year, depending on experience, location, and certifications. Entry-level analysts typically earn less, while those with specialized skills or advanced credentials can earn higher salaries. Compensation may also include bonuses and benefits based on performance and company size.

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 of around $70,000 to $90,000, depending on experience, location, and certifications. Entry-level positions may start lower, while experienced analysts with specialized skills can earn over $100,000 annually.

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 risk exposure, and developing strategies to mitigate losses. They use statistical tools and industry knowledge to determine policy pricing and ensure the company's risk management aligns with regulatory standards.

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 some experience, depending on the employer. Entry-level risk analyst roles typically require a bachelor's degree in finance, economics, or a related field, and may involve on-the-job training. Advanced roles may require additional certifications or experience in data analysis or risk management tools.

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
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Insurance Risk Analyst jobs near you
Risk Assessment Lead - Cybersecurity Risk Oversight

Risk Assessment Lead - Cybersecurity Risk Oversight

US Bank

Tempe, AZ • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 27 days ago

U.S. Bank rating

8.2

Company rating: 8.2 out of 10

Based on 352 frontline employees who took The Breakroom Quiz

40th of 146 rated banks

Job description

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.

Job Description

The Risk Assessment Lead serves as a key member of the Cybersecurity Risk Oversight team within the Second Line of Defense (2LoD). This role is accountable for independently assessing and challenging First Line Technology and Information Security practices to ensure effective risk management and regulatory compliance.

This position requires a senior professional who can operate with a high degree of autonomy, prioritize work based on material risk, and influence outcomes through strong technical expertise and stakeholder engagement.

Key Responsibilities:

Risk Oversight & Independent Challenge

  • Provide independent oversight and credible challenge across Technology and Information Security domains including governance, controls, risk assessments, metrics, and issue management.

  • Perform risk-based assessments to identify control gaps, thematic risks, and emerging threats.

  • Develop independent risk opinions supported by analysis, evidence, and professional judgment.

  • Evaluate alignment with applicable laws, regulations, and industry frameworks (e.g., NIST, FFIEC, PCI).

Risk Management & Framework Execution

  • Partner with business and risk stakeholders to support the implementation and maintenance of effective risk management frameworks.

  • Identify gaps in processes, systems, controls and drive solutions to minimize risk exposure.

  • Ensure risks are actively identified, monitored, escalated, and remediated as appropriate.

  • Influence policies and procedures to strengthen the control environment and reduce regulatory risk.

Stakeholder Engagement & Communication

  • Build and maintain strong relationships with First Line stakeholders while maintaining independence and objectivity.

  • Provide clear, concise, and executive-ready communication of risk posture, key issues, and trends.

  • Engage senior leadership to support risk-informed decision making.

  • Translate complex technical risks into actionable business insights.

Leadership & Organizational Impact

  • Lead, coach, or mentor risk and security professionals; support talent development and team capability.

  • Contribute to strategic initiatives impacting enterprise technology, security and risk programs.

  • Act as a subject matter expert on technology and cybersecurity risk and regulatory expectations.

  • Promote a strong risk culture emphasizing accountability, transparency, and continuous improvement.

Basic Qualifications
- Bachelor's degree, or equivalent work experience
- Typically more than 10 years of applicable experience

Preferred Skills/Experience

  • Advanced knowledge of information security domains (e.g., identity and access management, application security, cloud security, vulnerability management, incident response)

  • Strong understanding of regulatory requirements and industry standards (e.g., NIST, FFIEC, PCI, and risk management frameworks)

  • Experience performing risk assessments, control evaluations, and oversight activities

  • Advanced understanding of business operations, systems, and associated risks and controls

  • Ability to operate independently with strong judgment and professional skepticism

  • Strong analytical, problem-solving, and decision-making skills

  • Excellent written and verbal communication skills, including executive-level messaging

  • Proven ability to influence stakeholders and challenge effectively without direct authority

  • Strong leadership and management skills across people, processes, and projects

  • Experience operating within Second Line of Defense, audit, or regulatory environments

  • Relevant certifications (e.g., CISSP, CISA, CRISC, CISM) preferred

  • Advanced knowledge of regulatory environment and trends in financial services

This role requires working from a U.S. Bank location three (3) or more days per week.

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to ourdisability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

  • Healthcare (medical, dental, vision)

  • Basic term and optional term life insurance

  • Short-term and long-term disability

  • Pregnancy disability and parental leave

  • 401(k) and employer-funded retirement plan

  • Paid vacation (from two to five weeks depending on salary grade and tenure)

  • Up to 11 paid holiday opportunities

  • Adoption assistance

  • Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about theE-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $133,365.00 - $156,900.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.

What U.S. Bank employees say

Pay

Benefits

Hours and flexibility

Workplace

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About U.S. Bank

Sourced by ZipRecruiter

U.S. Bank is a reputable and established financial institution that plays a significant role in the banking sector. With a history spanning over 150 years, U.S. Bank has built a strong foundation of trust and reliability. As a comprehensive bank, they offer a wide array of financial products and services to cater to the diverse needs of their customers, including individuals, businesses, and communities. Customer satisfaction is of utmost importance to U.S. Bank. They prioritize delivering exceptional service and fostering long-term relationships with their clients. Through their extensive network of branches and advanced digital banking platforms, U.S. Bank ensures convenient access to their services, empowering customers to manage their finances efficiently and securely.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Minneapolis, MN, US

Year founded

1863

Social media

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