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Insurance Risk Analyst Jobs in New Jersey (NOW HIRING)

Everest Insurance

Risk Analyst I

Warren, NJ · On-site

$57K - $98K/yr

Risk Management Risk Analyst I - Exposure Management About Everest Everest is a global leader in ... Prepare, consolidate, validate, and analyze exposure data across Insurance and Reinsurance ...

Everest Re Group

Risk Analyst I

Warren, NJ · Hybrid

$57K - $98K/yr

Risk Management Risk Analyst I - Exposure Management About Everest Everest is a global leader in ... Prepare, consolidate, validate, and analyze exposure data across Insurance and Reinsurance ...

Adecco

Credit Risk Analyst

Parsippany, NJ · Hybrid

$29.25/hr

This hybrid opportunity is ideal for an analytical professional with experience in credit risk ... life insurance, short-term disability, additional voluntary benefits, EAP program, commuter ...

Adecco

Credit Risk Analyst

Parsippany, NJ · Hybrid

$29.25/hr

This hybrid opportunity is ideal for an analytical professional with experience in credit risk ... life insurance, short-term disability, additional voluntary benefits, EAP program, commuter ...

City of Atlantic City

Risk Manager

Atlantic City, NJ

$50K - $95K/yr

Some of the technical analysis work may be accomplished on a contractual basis by a firm specializing in loss control or risk identification. Insurance risk management is a systematic effort on the ...

City of Atlantic City, NJ

Risk Manager

Atlantic City, NJ · On-site

$50K - $95K/yr

Some of the technical analysis work may be accomplished on a contractual basis by a firm specializing in loss control or risk identification. Insurance risk management is a systematic effort on the ...

DHD Consulting

Credit Analyst

Ridgefield, NJ · On-site

... 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 ...

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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 Aug 18, 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.

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 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 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.

How much do insurance risk analysts get paid?

Insurance risk analysts typically earn a median annual salary of around $70,000 to $90,000, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts or those with specialized skills can earn over $100,000 annually.

How much does an insurance risk analyst make?

The average salary for an insurance risk analyst is around $70,000 to $90,000 per year, depending on experience, location, and industry. Entry-level positions typically start lower, while experienced analysts with certifications can earn higher salaries. Skills in data analysis and risk assessment tools are often required for higher-paying roles.

Is an insurance risk analyst a good career?

An insurance risk analyst is a professional who assesses and manages risks for insurance companies, often requiring strong analytical skills and knowledge of insurance policies. The role offers opportunities for career growth, stability, and the potential for specialization in areas like underwriting or data analysis, with many positions requiring relevant certifications or degrees. Overall, it can be a stable and rewarding career for those interested in finance, risk management, and data analysis.
More about Insurance Risk Analyst jobs

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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:

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Insurance Risk Analyst jobs near you
Infographic showing various Insurance Risk Analyst job openings in New Jersey as of August 2026, with employment types broken down into 1% As Needed, 76% Full Time, 19% Part Time, and 4% Contract. Highlights an 89% Physical, 1% Hybrid, and 10% Remote 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

Re-posted 25 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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