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Insurance Risk Analyst Jobs in Illinois (NOW HIRING)

Reporting to the Risk and Insurance Manager, the Risk and Insurance Analyst assists in the administration of various financial and risk management matters for CPS. This position involves ...

Risk Analyst

Chicago, IL · On-site

$77K - $95K/yr

The Risk Analyst will identify and analyze potential operational, financial, legal and regulatory ... and life insurance, 401(k), profit sharing, paid time off, Maven family & fertility benefit ...

DV is looking for a Credit Risk Analyst to lead its counterparty and credit risk management ... Medical, dental, and vision insurance * HSA, FSA, and Dependent Care Options * Employer Paid Group ...

DV is looking for a Credit Risk Analyst to lead its counterparty and credit risk management ... Medical, dental, and vision insurance * HSA, FSA, and Dependent Care Options * Employer Paid Group ...

Credit Risk Analyst

Chicago, IL · On-site

$150K - $200K/yr

DV is looking for a Credit Risk Analyst to lead its counterparty and credit risk management ... Medical, dental, and vision insurance * HSA, FSA, and Dependent Care Options * Employer Paid Group ...

SageSure, a leader in catastrophe-exposed property insurance, is seeking a Senior Catastrophe Risk Analyst. In this role, you'll play a critical part in advancing the scientific, statistical, and ...

Risk Management Analyst

Northbrook, IL · On-site

$20.19 - $26/hr

FIRST Insurance Funding prides itself in its commitment to service. Not only do we provide ... The Risk Analyst is responsible gathering and analyzing information in order to underwrite a ...

Senior IT Risk Analyst

Rosemont, IL · Hybrid

$98K - $110K/yr

Position Overview The Senior IT Risk Analyst (Audit concentration) role supports IT Risk Leadership ... Benefits Medical Insurance Dental Vision Life insurance Accidental death and dismemberment Short ...

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Insurance Risk Analyst information

See Illinois salary details

$47.5K

$80.7K

$151.2K

How much do insurance risk analyst jobs pay per year?

As of Aug 11, 2026, the average yearly pay for insurance risk analyst in Illinois is $80,659.00, according to ZipRecruiter salary data. Most workers in this role earn between $63,000.00 and $83,800.00 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.

What is an insurance risk analyst?

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.

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 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 cities in Illinois are hiring for Insurance Risk Analyst jobs? Cities in Illinois with the most Insurance Risk Analyst job openings:
What are popular job titles related to Insurance Risk Analyst jobs in IL? For Insurance Risk Analyst jobs in IL, the most frequently searched job titles are:
Infographic showing various Insurance Risk Analyst job openings in Illinois as of August 2026, with employment types broken down into 89% Full Time, and 11% Part Time. Highlights an 94% In-person, and 6% Remote job distribution, with an average salary of $80,659 per year, or $38.8 per hour.

Insurance Risk Management Analyst

Sirva

Oakbrook Terrace, IL • On-site

$66K - $83K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired today. Applications are no longer accepted.


Sirva rating

8.6

Company rating: 8.6 out of 10

Based on 11 frontline employees who took The Breakroom Quiz

1st of 29 rated removal and storage companies


Job description

Position Summary:

The Insurance Risk Management Analyst supports the Risk Manager regarding corporate insurance programs, insurance certificates, and casualty claims management.

Functions and Responsibilities

% of Time

Description of Duty

35%

Certificates of Insurance

  • Issue certificates of insurance for van line operations, as requests are received
    1. Secure required information from van line agents, review insurance requirements from third-parties, and issue certificates of insurance in alignment with Sirva insurance policy terms & procedures. Partner with Risk Manager and Sirva legal, as needed, to respond to indemnity language requests
  • Issue certificates of insurance in support of client contractual agreements
    1. Review the insurance section of the client contract and issue certificates of insurance in alignment with agreed upon contractual insurance terms

25%

Corporate Risk Insurance Programs

  • Assist the Risk Manager in compilation of underwriting information for insurance policy placements, domestic and international. Activities include analysis of underwriting information for accuracy, timely completion of applications and maintenance and review of insurance policy documents
  • Support legal, sales and operations in the review of insurance terms in client contracts and new business proposals
  • Manage the surety bond program. Work with surety broker and internal teams on bond issuances, cancellations, reporting and invoicing

40%

Casualty Claims Management

  • Support Sirva safety deparment, agent network, and van line drivers in investigation and documentation of fleet accidents
  • Monitor the development of van line auto and general liability claims, to include tracking claim progress and identifying potential risks
  • Collaborate with the TPA claim adjuster and defense counsel on claim strategy for optimal claim resolution

Education and Certification Requirements

* BS degree in risk management, business, or finance

* Property/Casualty Insurance Producer license, preferred

Qualifications and preferred skills

* Experience with commercial insurance placements and oversight, claims management, and/or the risk management function

* Detailed-oriented and proficient in Microsoft Excel, Outlook, and Word

At Sirva, we are committed to fair and transparent compensation practices. In accordance with applicable state and federal laws, we provide the following salary information for this position:

  • Position Title: Insurance Risk Management Analyst
  • Salary Range: $66,400 - $83,000 USD
  • Benefits: Comprehensive benefits package that includes Medical, Dental, Vision, 401(k), FSA/HSA, Employer HSA Match, Life & Disability Insurance, Paid Time Off, Volunteer Time Off, ID Theft Protection Plan and more. Benefits are based on employment status and may not be available for temporary or non full-time employees

Salary ranges may vary based on location, market conditions, and other factors such as experience and qualifications. The final compensation will be determined during the hiring process based on these considerations.

For positions available outside the United States, salaries will take into account local currency and market conditions, which may differ from the USD salary range. If you have any questions about salary or benefits, we encourage you to ask during the hiring process.

  • Artificial Intelligence Usage: Artificial intelligence tools may be used to assist with administrative tasks such as notetaking and advanced candidate searches during the recruitment process. All screening, assessment, and hiring decisions are made by human recruiters and hiring managers.
  • Vacancy Status: This posting reflects an existing vacancy within our organization.

#LI-Remote

Sirva Worldwide, Inc. provides HR and mobility professionals with the resources, guidance, and support they need to achieve the best possible relocation for talent, and for the companies that move them. As a leading global relocation management and moving services company, we bring together personalized program solutions, expansive global reach, innovative technology, and an unmatched supply chain to transform businesses of any size and empower talent moving to their next opportunity. From corporate relocation and household goods to home sale and commercial moving and storage, our portfolio of brands (including Sirva, Allied, northAmerican, Global Van Lines, Alliance, and Sirva Mortgage) provide everything needed to move talent and deliver experience.

Sirva is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, military status, genetic information or any other consideration made unlawful by applicable federal, state, or local laws. Sirva also prohibits harassment of applicants and employees based on any of these protected categories.
It is also Sirva's policy to comply with all applicable state and federal laws respecting consideration of unemployment status in making hiring decisions. The Federal EEO Law Poster may be found at http://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf.
If you need a reasonable accommodation because of a disability of any part of the employment process, please send an email to Human Resources at HRSirva@Sirva.com and let us know the nature of your request and your contact information.


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