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Insurance Risk Analyst Jobs in Virginia (NOW HIRING)

Risk Mitigation Analyst - MID

Quantico, VA

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

RMU evaluates relevant analytic products to develop effective risk management strategies addressing ... Disability and life insurance * Pet insurance Note: Benefits may vary based on employment type ...

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Insurance Risk Analyst information

See Virginia salary details

$48.6K

$82.5K

$154.7K

How much do insurance risk analyst jobs pay per year?

As of Aug 19, 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 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.

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:

Infographic showing various Insurance Risk Analyst job openings in Virginia as of August 2026, with employment types broken down into 1% As Needed, 68% Full Time, 27% Part Time, and 4% Contract. Highlights an 89% Physical, 1% Hybrid, and 10% Remote job distribution, with an average salary of $82,523 per year, or $39.7 per hour.

Risk Analyst (Configuration & Risk Management)

Sedulous Consulting Services LLC

Stafford, VA • On-site

$80K - $85K/yr

Full-time

Medical, Dental, Life, Retirement, PTO

Posted 16 days ago


Job description

Risk Analyst (Configuration & Risk Management)
Location: Stafford, VA
BENEFITS: 401K, Life/Health/ Dental/Disability Insurance, Flexible Paid Leave, and Tuition Reimbursement.
TRAVEL REQUIREMENTS: Up to 25%
Clearance Required: Active SECRET Security Clearance
Employment Type: Full-Time
About the Opportunity
Sedulous Consulting Services is seeking a Senior Risk Analyst to support Configuration Management (CM) and Risk Management (RM) activities for the U.S. Marine Corps Amphibious Combat Vehicle (ACV) Program.
The successful candidate will play a critical role in managing program risk, supporting Configuration Control Boards, maintaining engineering repositories, and ensuring configuration management processes support successful acquisition and lifecycle management of the ACV platform.
Responsibilities
  • Support Configuration Management and Risk Management operations for the ACV program.
  • Maintain Configuration Management and Risk Management Plans.
  • Analyze CM and RM processes and recommend process improvements.
  • Develop and maintain performance metrics for Configuration Management and Risk Management activities.
  • Coordinate and support:
    • Configuration Control Boards (CCBs)
    • Configuration Review Boards (CRBs)
    • Risk Management Boards (RMBs)
  • Review engineering documentation, including:
    • Engineering Change Proposals (ECPs)
    • Technical Data Packages (TDPs)
    • Engineering drawings
    • Contract Data Requirements Lists (CDRLs)
  • Maintain repositories for:
    • Engineering Change Proposals
    • Deviations
    • Program risks
    • Risk mitigation strategies
  • Support Functional Configuration Audits (FCAs) and Physical Configuration Audits (PCAs).
  • Participate in engineering and technical reviews.
  • Track action items and provide status reports to Government leadership.
  • Assess Product Quality Deficiency Reports (PQDRs) and support technical risk evaluations.

Required Qualifications
  • Bachelor's Degree in Engineering, Systems Management, Program Management, or a related discipline.
  • 4+ years of experience supporting Configuration Management and/or Risk Management for a DoD acquisition program.
  • Experience supporting ACAT I, II, or III programs.
  • Experience facilitating Configuration Control Boards and Risk Management Boards.
  • Experience maintaining configuration baselines and risk registries.
  • Strong analytical, organizational, and written communication skills.
  • Experience preparing executive-level status reports and technical briefings.

Preferred Qualifications
  • Experience supporting the U.S. Marine Corps.
  • Experience supporting the Amphibious Combat Vehicle (ACV) program.
  • Knowledge of DoD Configuration Management processes.
  • Familiarity with Technical Data Packages (TDPs), Engineering Change Proposals (ECPs), and Product Quality Deficiency Reports (PQDRs).

Clearance Requirement
  • Active SECRET Security Clearance required.

PHYSICAL REQUIREMENTS AND WORK ENVIRONMENT:
This is primarily sedentary work requiring the ability to perform tasks involving: reaching, lifting, finger dexterity, grasping, repetitive motions, standing, talking, hearing, and visual acuity. Must be able to lift up to 20 pounds occasionally.
Employees must be able to read, write, and communicate effectively in English. Work requires dependability, accuracy, strong judgment, and the ability to apply oral and written instructions. Must be able to make decisions that significantly impact the immediate work unit.
Company EEO Statement:
Sedulous Consulting Services is an EEO/AA/Disability/Veterans Employer. All qualified applicants receive consideration for employment without regard to race, color, religion, gender, national origin, age, sexual orientation, gender identity, protected veteran status, status as a qualified individual with a disability, or any other category protected by law. Sedulous hires and promotes individuals solely on the basis of their qualifications for the job.