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Insurance Risk Analyst Jobs in New Jersey (NOW HIRING)

DHD Consulting

Credit Analyst

Ridgefield, NJ

... insurance risk management solutions to solve complex business -issues, working closely with the ... Qualified candidates must have: - Minimum 2~5 years of experience in financial credit analysis ...

Cesna Group

Credit Analyst

Ridgefield Park, NJ · On-site

$50K - $100K/yr

... insurance risk management solutions to solve complex business issues, working closely with the ... Qualifications * - 0-3 years of experience in financial credit analysis or risk management ...

Atlantic Health System

Risk Manager

Morristown, NJ · On-site

$61.18 - $107.69/hr

Organizes and moderates Root Cause Analysis and assists with the development of corrective action ... Advises site nursing staff, medical staff and administration on legal issues, billing, insurance ...

Atlantic Health System

Risk Manager

Morristown, NJ

Organizes and moderates Root Cause Analysis and assists with the development of corrective action ... Advises site nursing staff, medical staff and administration on legal issues, billing, insurance ...

DTCC

Market Risk Executive Director

Jersey City, NJ · On-site

Comprehensive health and life insurance and well-being benefits, based on location * Pension ... analyze, and mitigate potential risks and safeguard financial market in which DTCC plays a pivotal ...

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All JobsInsurance Risk Analyst JobsInsurance Risk Analyst Jobs in New Jersey

Insurance Risk Analyst information

See New Jersey salary details

$49.7K

$84.5K

$158.4K

How much do insurance risk analyst jobs pay per year?

As of Jul 5, 2026, the average yearly pay for insurance risk analyst in New Jersey is $84,505.00, according to ZipRecruiter salary data. Most workers in this role earn between $66,000.00 and $87,800.00 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
What are popular job titles related to Insurance Risk Analyst jobs in New Jersey? For Insurance Risk Analyst jobs in New Jersey, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Analyst jobs in New Jersey look for? The top searched job categories for Insurance Risk Analyst jobs in New Jersey are:
What are popular job titles related to Insurance Risk Analyst jobs in NJ? For Insurance Risk Analyst jobs in NJ, the most frequently searched job titles are:
Insurance Risk Analyst jobs near you
Infographic showing various Insurance Risk Analyst job openings in New Jersey as of June 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $84,505 per year, or $40.6 per hour.

Consulting Partner _ Insurance Risk

Tata Consultancy Service Limited

Edison, NJ • On-site

$147K - $203K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 11 days ago

Job description

Job Description:
Consulting Partner for Insurance Risk Logos in BFSI; working to identify opportunities for the unit in the Insurance Risk space by sharing our experience, capabilities to deliver large-scale change initiatives for leading clients across Insurance landscape for both PnC, Life, etc
• Experience in risk management and Solvency guidelines , ORSA reporting, Assessments of counterparties credit worthiness
• Knowledge of the insurance sector, including a strong understanding of a relevant area of compliance, structuring or regulation;
• Knowledge and understanding of risks and controls along the P&C reinsurance value chain
• Worked with insurers in Global markets
• Understanding of Cat Modelling and Stress Testing Participate in the development of Whitepapers / Points of View (PoV) and otherl eminence materials
• Collaborate with the team to conduct structured data gathering, research, and analysis while evaluating controls to provide relevant recommendations for enhancing current operations
• Prepare, facilitate, document, and actively participate in client meetings and workshops
• Create high quality presentations and reports to effectively communicate project findings
• Participate in the development of new market opportunities
TCS Employee Benefits Summary:
Discretionary Annual Incentive.
Comprehensive Medical Coverage: Medical & Health, Dental & Vision, Disability Planning & Insurance, Pet Insurance Plans.
Family Support: Maternal & Parental Leaves.
Insurance Options: Auto & Home Insurance, Identity Theft Protection.
Convenience & Professional Growth: Commuter Benefits & Certification & Training Reimbursement.
Time Off: Vacation, Time Off, Sick Leave & Holidays.
Legal & Financial Assistance: Legal Assistance, 401K Plan, Performance Bonus, College Fund, Student Loan Refinancing.
Salary Range: $147,000- 203,000 a year

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