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Insurance Risk Analyst Jobs in Minnesota (NOW HIRING)

Beacon Mobility

Risk Manager

Maple Grove, MN · On-site

$150K/yr

... Insurance - Wholly owned captives - Collateral negotiation - Actuarial analysis (does not need to ... in risk management, security operations, or a related field - Intermediate Microsoft Suite ...

Donaldson Company, Inc.

Risk Manager

Bloomington, MN · Hybrid

$93K - $122K/yr

The Risk Manager partners closely with the Director of Risk Management to support the ... analysis * Manage certificates of insurance, policy documentation, and related compliance ...

Donaldson Company, Inc.

Risk Manager

Bloomington, MN · On-site

$93K - $122K/yr

The Risk Manager partners closely with the Director of Risk Management to support the ... analysis * Manage certificates of insurance, policy documentation, and related compliance ...

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$48K

$81.5K

$152.8K

How much do insurance risk analyst jobs pay per year?

As of Jun 18, 2026, the average yearly pay for insurance risk analyst in Minnesota is $81,523.00, according to ZipRecruiter salary data. Most workers in this role earn between $63,700.00 and $84,700.00 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 Minnesota? For Insurance Risk Analyst jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Analyst jobs in Minnesota look for? The top searched job categories for Insurance Risk Analyst jobs in Minnesota are:
What are popular job titles related to Insurance Risk Analyst jobs in MN? For Insurance Risk Analyst jobs in MN, the most frequently searched job titles are:
Insurance Risk Analyst jobs near you
Infographic showing various Insurance Risk Analyst job openings in Minnesota as of June 2026, with employment types broken down into 4% Internship, 87% Full Time, and 9% Part Time. Highlights an 91% In-person, and 9% Remote job distribution, with an average salary of $81,523 per year, or $39.2 per hour.
Commercial Real Estate Insurance Analyst

Commercial Real Estate Insurance Analyst

Northmarq

Richfield, MN • On-site, Remote

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 4 days ago

Job description

At Northmarq, you can be part of something special. Northmarq is a unique capital markets resource for commercial real estate investors, providing our clients access to experts in debt, equity, investment sales, loan servicing, and fund management. We offer you a career path with best-in-class training, and we foster inclusive teams committed to collaboration, mentoring, and growth. At Northmarq, we will help you unlock your potential – whether you are an industry veteran or you're just getting started. Your new career is waiting. Start something special today. Northmarq was voted by Real Estate Forum as one of The Best Places to Work in Commercial Real Estate!

Northmarq is seeking a Commercial Insurance Analyst to join its Insurance department in the Minneapolis (Bloomington, MN) headquarters office. This position requires a deadline-driven, organized, and detail-minded individual who will be responsible for commercial insurance compliance, ensuring minimized risk to all investor portfolios. They will interact daily with internal and external customers, working to achieve customer satisfaction while communicating the potential insurance risk and/or investor requirements. The focus will be on developing a high-level understanding of commercial insurance terminology, independent management of an assigned portfolio, and consistent attention to detail and accuracy in all job responsibilities. Additional responsibilities may be added to adapt to company growth.

*This role supports a flexible schedule that prioritizes in‑office teamwork, with flexibility for remote work when appropriate.

Position Responsibilities:
  • Plan and schedule own workload to most efficiently meet benchmarks and manage assigned portfolio, prioritizing according to risk and urgency.
  • Provide premier customer service to investors, borrowers, agents, and other Northmarq staff.
  • Monitor and collect evidence of insurance, upon expiration.
  • Conduct due diligence of loan documents to ensure proper loan setup and servicing of the loan.
  • Audit insurance certificates and policies to ensure conformity with investor and company regulations at renewal to ensure proper policy performance and compliance, applying guidelines and procedures that may require some interpretation in dealing with exceptions.
  • Maintain and update commercial mortgage insurance files and servicing system files.
  • Identify potential risks for the company and the investor and promptly notify the appropriate parties following identification of any coverage issue, deficiency, or lapse in coverage.
  • Achieve a high level of commercial insurance expertise, quality, understanding of risk, and possible outcomes due to coverage non-compliance.
  • Achieve the ability to analyze insurance deficiencies, corresponding risks, and possible impacts on property financial performance, focusing on recommending the course of action based on the outcome of the applicable research.
  • Demonstrate growth in risk and waiver analyses; utilize gained expertise to prepare comprehensive written analyses of complex issues for investor and/or management review.
  • Reach prompt and satisfactory resolution of insurance non-compliance, or other issues.
  • Monitor and update monthly loan reports utilized by investors and management to analyze potential risk.
  • Demonstrate continued growth and development towards the Commercial Insurance Analyst II position..
  • Perform other reasonable tasks/projects, as assigned.
What We're Looking For:
  • 1 to 3 years of Commercial Real Estate (CRE) and/or Insurance experience
  • Bachelor's degree in Risk Management and/or Insurance; or Commercial Real Estate Insurance-related industry designations
  • Familiarity with insurance and commercial mortgage terminology
  • Strong skills in Microsoft Outlook, Excel, and Word
  • A customer-focused mindset by proactively identifying opportunities to deliver added value beyond immediate needs.
  • Advanced organizational skills with the ability to handle multiple tasks and assignments, and ability to consistently prioritize deadlines
  • Capacity to identify and analyze risk, continually applying knowledge gained to improve job performance
  • Excellent oral and written communication skills
  • Aptitude to work both independently and within a team, and with minimal supervision
  • Problem-solving skills to reflect the level of responsibilities
  • Attention to detail and accuracy required
  • Ability to maintain a positive attitude in all situations
  • Demonstrated work ethic and willingness to work extended hours when necessary

Northmarq offers a highly competitive benefits package including: medical, dental, vision, paid time off, 401K match and an annual discretionary contribution based on business performance, paid parental leave and adoption assistance, education assistance, volunteer paid time off, charitable contribution match and so much more!

Northmarq carefully considers multiple factors to determine compensation, including a candidate's education, training, and experience. The salary range for the Commercial Insurance Analyst position is $60,000.00 to $75,000.00 annually . This range is a good faith estimate and the actual compensation that is offered to a successful candidate will depend on the candidate's skills, qualifications, and experience.

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