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Insurance Risk Analyst Jobs in Virginia (NOW HIRING)

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Senior Fraud Investigations Analyst

Mclean, VA · On-site

Use fraud detection tools, machine learning outputs, and risk-scoring systems to drive high-quality ... voluntary life and AD&D insurance, 401(k) with company match, parental leave, ability to ...

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$48.6K

$82.5K

$154.7K

How much do insurance risk analyst jobs pay per year?

As of May 29, 2026, the average yearly pay for insurance risk analyst in Virginia is $82,523.00, according to ZipRecruiter salary data. Most workers in this role earn between $64,400.00 and $85,800.00 per year, depending on experience, location, and employer.

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 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 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.

More about Insurance Risk Analyst jobs
What are popular job titles related to Insurance Risk Analyst jobs in Virginia? For Insurance Risk Analyst jobs in Virginia, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Analyst jobs in Virginia look for? The top searched job categories for Insurance Risk Analyst jobs in Virginia are:
What cities in Virginia are hiring for Insurance Risk Analyst jobs? Cities in Virginia with the most Insurance Risk Analyst job openings:
What are popular job titles related to Insurance Risk Analyst jobs in VA? For Insurance Risk Analyst jobs in VA, the most frequently searched job titles are:
Insurance Risk Analyst jobs near you
Infographic showing various Insurance Risk Analyst job openings in Virginia as of May 2026, with employment types broken down into 100% Full Time. Highlights an 74% In-person, 5% Hybrid, and 21% Remote job distribution, with an average salary of $82,523 per year, or $39.7 per hour.
Risk Manager

Risk Manager

Metropolitan Washington Airports Authority

Arlington, VA • On-site

$133.24K - $193.20K/yr

Full-time

Medical, Dental, Vision, Retirement

Posted 15 days ago

Job description

Compensation Grade:
S23
Salary Range:
$133,238.00-$193,195.00
Opening Date:
May 15, 2026
Closing Date:
May 30, 2026
Please Note: All job announcements close at 11:59 p.m. of the day before the posted closing date.
As the Risk Manager, you will develop and implement strategies and programs that minimize and mitigate the Airports Authority's risk exposure.
Risk Manager
Serves in the Risk Management Department of the Office of Human Resources and Administrative Services at the Headquarters Office.
Directly and through subordinate staff, administers a comprehensive property and casualty risk management program designed to minimize the Airports Authority's operational and construction risks and financial exposure to losses. Performs related functions.
GENERAL RESPONSIBILITIES
Consults with the Insurance Broker of Record to gather industry data and performs analyses to assess risk exposure and determine levels of risk to transfer to commercial insurers and other appropriate risk financing alternatives.
Meets with insurance underwriters to secure coverage; prepares and presents underwriting submissions to obtain or renew insurance coverage.
Negotiates with insurance underwriters through the Insurance Broker of Record and reviews premiums, insurance terms and conditions, and premium billings.
Establishes internal controls and procedures for the investigation and settlement of insurance claims. Approves strategies to investigate incidents and establishes internal settlement authority for staff.
Administers the Owner Controlled Insurance Programs (OCIPs), providing insurance coverage for on-site Aviation Enterprise activity. Oversees Insurance Broker of Record consultant staff for the administration of the OCIPs and the construction insurance risk control program.
Oversees vendor contract management through subordinate staff managers.
Reviews leases, contracts, and agreements for potential liability and establishes mandatory insurance requirements for such documents.
Consults with the Insurance Broker of Record's actuary on the appropriate funding levels for retained losses. Coordinates with the Airports Authority's Controller to establish reserves for financial statements.
Interprets Federal Occupational Safety and Health Administration (OSHA) and Virginia Occupational Safety and Health (VOSH) regulations, including the Virginia Workers' Compensation Act and works with outside attorneys, insurers, and Office of General Counsel on claims and other risk management-related matters.
Oversees occupational safety and health training for all aspects of the Airports Authority.
Responsible for department budget projections and adherence to and compliance with federal guidelines.
Performs other duties as assigned.
QUALIFICATIONS
Eight years of progressively responsible experience in risk management.
Knowledge of principles and practices, procedures for managing risk and safety, administering insurance programs, and claims processing.
Knowledge of OCIPs applicable to large-scale construction programs.
Knowledge of Federal, state, and local insurance standards, including occupational safety and health, environmental, and other applicable regulations.
Knowledge of supervisory principles and ability to manage the operations of the unit/team.
Ability to perform detailed analyses of data and information and make recommendations.
Ability to maintain strict confidentiality regarding personal and confidential employee information.
Ability to speak and write effectively, with emphasis on communicating technical issues to nontechnical audiences.
Skill in using a computer and modern office suite software, with emphasis on automated risk management systems.
PREFERRED QUALIFICATIONS
Experience in risk management in the public sector or the aviation industry.
EDUCATION
A Bachelor's Degree in Risk Management, Occupational Safety and Health Management, Business Administration, or related field.
CERTIFICATIONS AND LICENSES REQUIRED
A state driver's license in good standing.
NECESSARY SPECIAL FACTORS
Operates vehicle airside and landside (requires AOA permit).
Moves about the airport complexes and areas under construction to conduct inspections.
May be exposed to some adverse weather conditions and dust, grease, dirt, and loud noise when visiting work sites. Wears personal protective equipment, as needed, at work sites.
Work is typically reviewed in progress and upon completion for quantity, quality, timeliness, teamwork, customer service, and other factors.
WHAT WE OFFER
A career with the Airports Authority comes with more than just a paycheck; it offers a comprehensive benefits package designed to support you and your family's health, financial security, and professional growth. Benefits include medical, dental, and vision coverage; well-being resources; health savings and flexible spending accounts; pension and retirement plans; and ongoing training and development opportunities. Discover more about our benefits package here.
A background security investigation will be required for all new hires.
Metropolitan Washington Airports Authority is an Equal Opportunity Employer.| Follow us on Twitter @MWAAcareers.

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