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Insurance Risk Analyst Jobs in Ohio (NOW HIRING)

HR4Me

Risk Analyst

Cincinnati, OH · On-site

Coordinate with brokers on insurance placements (GL, WC, Auto, Builders Risk, Professional Liability, OCIP/CCIP) * Analyze loss runs, claims history, and deductible exposure * Support claims ...

FirstEnergy

Risk Analyst

Akron, OH

$120K - $142K/yr

Enterprise Risk Management (ERM) and Insurance Strategy & Operations. The Enterprise Risk ... Conduct Risk Advisory Services to support business units in analyzing and managing enterprise-wide ...

FirstEnergy Corp.

Risk Analyst

Akron, OH · On-site

$120K - $142K/yr

Enterprise Risk Management (ERM) and Insurance Strategy & Operations. The Enterprise Risk ... Conduct Risk Advisory Services to support business units in analyzing and managing enterprise-wide ...

Hudson Manpower

Cyber Risk Analyst

Cincinnati, OH · On-site +1

$35/hr

Cyber Risk Analyst Location: CINCINNATI preferred, remote in EST Payrate : $35/hr on W2 TOP SKILLS ... What You'll Get Competitive base salary Medical, dental, and vision insurance coverage Optional ...

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All JobsInsurance Risk Analyst JobsInsurance Risk Analyst Jobs in Ohio

Insurance Risk Analyst information

See Ohio salary details

$46.6K

$79.1K

$148.3K

How much do insurance risk analyst jobs pay per year?

As of Jul 9, 2026, the average yearly pay for insurance risk analyst in Ohio is $79,133.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,800.00 and $82,200.00 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 Ohio? For Insurance Risk Analyst jobs in Ohio, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Analyst jobs in Ohio look for? The top searched job categories for Insurance Risk Analyst jobs in Ohio are:
What are popular job titles related to Insurance Risk Analyst jobs in OH? For Insurance Risk Analyst jobs in OH, the most frequently searched job titles are:
Insurance Risk Analyst jobs near you

Risk Analyst

HR4Me

Cincinnati, OH • On-site

Full-time

Re-posted 18 days ago

Job description

Enterprise & Project Risk Management
  • Identify and assess risks across active projects, pursuits, and corporate operations
  • Develop and maintain risk registers for major projects and business units
  • Evaluate exposure related to project size, scope, delivery method, schedule, and geography
  • Support risk reviews during pursuit, preconstruction, and project kickoff phases

Contract & Legal Risk
  • Review owner contracts, subcontracts, and vendor agreements for risk exposure
  • Identify unfavorable terms related to indemnification, liquidated damages, warranties, insurance, bonding, and force majeure
  • Collaborate with legal counsel on contract negotiations and risk mitigation strategies
  • Track contractual risk trends and recommend policy improvements

Insurance & Claims Management
  • Coordinate with brokers on insurance placements (GL, WC, Auto, Builders Risk, Professional Liability, OCIP/CCIP)
  • Analyze loss runs, claims history, and deductible exposure
  • Support claims management, documentation, and resolution
  • Assist with renewals and insurer submissions

Financial & Operational Risk Analysis
  • Analyze project financial data to identify cost, margin, and cash flow risks
  • Monitor exposure related to change orders, productivity, escalation, and supply chain disruptions
  • Support forecasting and scenario modeling for large or complex projects
  • Partner with project controls and finance teams to identify early warning indicators

Safety & Compliance Risk
  • Collaborate with Safety and Operations teams to assess safety-related risks and trends
  • Analyze incident data and recommend corrective actions
  • Support regulatory compliance (OSHA, DOT, state/local requirements)
  • Assist in audits and compliance reporting

Reporting & Communication
  • Prepare risk reports and dashboards for executive leadership
  • Present risk findings and recommendations to senior management
  • Maintain risk policies, procedures, and documentation
  • Support continuous improvement of risk management frameworks

Qualifications:
Required
  • Bachelor's degree in Finance, Risk Management, Construction Management, Engineering, or related field
  • 3-7+ years of experience in risk analysis, construction finance, insurance, or project controls
  • Experience in construction, mechanical contracting, or industrial services preferred
  • Strong understanding of construction contracts and project delivery methods (DBB, DB, CM, EPC)
  • Proficiency in Excel; experience with ERP systems (e.g., Viewpoint, Procore, SAP, Oracle) a plus

Preferred
  • Professional certifications (ARM, CPCU, CRIS, PMP, or similar)
  • Experience with large, complex projects ($25M+)
  • Knowledge of union and non-union labor environments
  • Experience with OCIP/CCIP programs

Core Competencies
  • Risk assessment & mitigation
  • Contract analysis
  • Financial modeling and data analysis
  • Cross-functional collaboration
  • Executive-level communication
  • Attention to detail with big-picture perspective

Key Performance Indicators (KPIs)
  • Reduction in claims frequency and severity
  • Improved project margin protection
  • Timely identification of high-risk projects
  • Successful insurance renewals and audits
  • Accuracy and usefulness of risk reporting

Why Join Us
  • Opportunity to influence risk strategy at an enterprise level
  • Exposure to large-scale, complex mechanical construction projects
  • Direct interaction with executive leadership
  • Competitive compensation, bonus potential, and benefits

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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