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Insurance Risk Analyst Jobs in Wisconsin (NOW HIRING)

Mercyhealth

Risk Manager

Janesville, WI · On-site

$80.72K - $129.15K/yr

The clinical risk manager is responsible for identifying, analyzing, and managing potentially ... Life & Disability Insurance * FSA/HSA Options * Generous, accruing paid time off * Paid Parental ...

La Crosse County

RISK MANAGER

La Crosse, WI · On-site

Overview The Risk Manager (Director of Risk Management) is an influential executive leader ... damage, insurance claims, and contractual disputes by identifying / analyzing risks, and ...

DataAnnotation

Risk Modeling Manager

Oregon, WI · Remote

$50 - $60/hr

Financial Accounting, Investment Banking, Wealth Management, and Insurance Planning. Benefits This ... Proficient in financial analysis, financial modeling, data analysis, and other reasoning exercises ...

DataAnnotation

Credit Risk Manager

Oregon, WI · Remote

$50 - $60/hr

Financial Accounting, Investment Banking, Wealth Management, and Insurance Planning. Benefits This ... analysis, financial modeling, data analysis, and other reasoning exercises related to finance ...

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Insurance Risk Analyst information

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$49.5K

$84K

$157.5K

How much do insurance risk analyst jobs pay per year?

As of May 29, 2026, the average yearly pay for insurance risk analyst in Wisconsin is $84,016.00, according to ZipRecruiter salary data. Most workers in this role earn between $65,600.00 and $87,300.00 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 Wisconsin? For Insurance Risk Analyst jobs in Wisconsin, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Analyst jobs in Wisconsin look for? The top searched job categories for Insurance Risk Analyst jobs in Wisconsin are:
What are popular job titles related to Insurance Risk Analyst jobs in WI? For Insurance Risk Analyst jobs in WI, the most frequently searched job titles are:
Insurance Risk Analyst jobs near you
Infographic showing various Insurance Risk Analyst job openings in Wisconsin as of May 2026, with employment types broken down into 88% Full Time, 10% Part Time, and 2% Contract. Highlights an 98% Physical, 1% Hybrid, and 1% Remote job distribution, with an average salary of $84,016 per year, or $40.4 per hour.
Risk Manager

Risk Manager

Mercyhealth

Janesville, WI • On-site

$80.72K - $129.15K/yr

Full-time

Medical, Dental, Vision, Life, PTO

Posted 14 days ago

Mercy Health rating

6.8

Company rating: 6.8 out of 10

Based on 382 frontline employees who took The Breakroom Quiz

489th of 864 rated healthcare providers

Job description

  • OVERVIEW
    The primary purpose of the Risk Program Manager position is to administer the risk management program on a day-to-day basis. The clinical risk manager is responsible for identifying, analyzing, and managing potentially compensable events, managing and analyzing risk management data, conducting risk management educational programs, performing risk assessments, and complying with risk management industry practices with the objective of improving patient safety and reducing risk for the organization. This role collaborates with leadership throughout the system to develop and maintain an effective clinical risk management program.
    Schedule: 40-hours per week
    Shift: Days
    Location: Mercyhealth Hospital and Trauma Center-Janesville, Janesville, WI; Javon Bea Hospital-Riverside, Rockford, IL
    Pay Range: $80,716.59 - $129,146.55
    ESSENTIAL DUTIES AND RESPONSIBILITIES
    To perform this job successfully, an individual must be able to perform each essential duty competently and consistently. The responsibilities listed below are representative of the knowledge, skills, education, training, licensure, certification, experience, and/or abilities required for the role. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions of the position.
    • Identify, investigate, and manage all incidents (includes management of incident reporting system, stabilization of environment, disclosure and documentation advice, evidence retrieval, record analysis, interviews, research, billing management, staff support, and follow-up).
    • Monitor, manage, and analyze risk management data collected through the incident reporting system (includes identification and tracking of incident trends, monitoring and addressing compliance with incident reporting policy, identification of system issues, and development and implementation of process improvements).
    • Develop annual risk management plan.
    • Assist department heads and clinical chairs in designing risk management programs and policies within their departments
    • Participate in Committees representing Clinical Risk Management and leads committees or projects related to risk mitigation or improving patient safety.
    • Identify cases that may be potential claims and provide an early warning to other departments (Legal, Marketing, etc.) once identified.
    • Assist with coaching healthcare providers or facility leaders regarding unanticipated outcomes.
    • Follows-up with patients and families when appropriate and works proactively toward early resolution with other appropriate parties as necessary.
    • Manage, advise, and direct Patient Representatives, physicians, and partners to resolve significant patient complaints.
    • Develop and conduct educational sessions upon request or with identified need.
    • Participate in proactive risk management activities such as risk management rounds, risk assessments, program/policy evaluations.
    • Participate in quality committees and process improvement efforts, such as root cause analysis, failure mode effect analysis, and other designated process improvement initiatives.
    • Identify and report those occurrences as required by the Safe Medical Devices Act.
    • Assist director of risk management with insurance and claim management programs when necessary.
    • Work closely with legal and quality/patient safety departments to assure alignment and advance shared goals.
    • Maintains visibility in the organization.
    • Other duties as assigned based on department need.

    EDUCATION AND/OR EXPERIENCE
    Minimum Required:
    • Bachelor's Degree
    • Clinical/professional training (RN, Pharmacist, or other).
    • Minimum five years' clinical experience required. Leadership experience preferred.
    • Minimum three years' experience in risk management, patient safety or quality management required.

    Preferred:
    • Master's degree or other advanced degree preferred.

    CERTIFICATION/LICENSURE
    Preferred:
    • Certified Professional in Healthcare Risk Management (CPHRM) within 18 months of hire.

    OTHER SKILLS AND ABILITIES
    • Ability to follow both written and oral instructions accurately and consistently.

    Technical Skills
    • Requires critical thinking skills, decisive judgment and the ability to work with minimal supervision.
    • Must be able to work in a stressful environment and take appropriate action and have demonstrated ability to work as a team member.

    Core Competencies
    • Strong communication skills, both written and verbal.
    • Ability to follow instructions and procedures accurately.
    • Demonstrated problem-solving and critical-thinking abilities.
    • Ability to work independently and as part of a team.
    • Commitment to maintaining confidentiality and ethical standards.
    • Adaptability to changing priorities and environments.
    • Customer service orientation and cultural sensitivity.

    LEVEL OF SUPERVISION
    Direction: The supervisor sets a definite objective and a general framework, but the employee is responsible for planning and arranging their own work to achieve the goal. The supervisor typically only reviews the final results.

PAY RANGE:
$80,716.59 - $129,146.55
Mercyhealth is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identify, national origin, disability, or protected veteran status.
Mercyhealth offers competitive pay and a comprehensive benefits package including:
  • Medical, Dental, Vision
  • Life & Disability Insurance
  • FSA/HSA Options
  • Generous, accruing paid time off
  • Paid Parental and caregiver leave
  • Career advancement and educational opportunities
  • Tuition and certification reimbursement
  • Certification Reimbursement
  • Well-being Programs
  • Employee Discounts
  • On-Demand Pay
  • Financial Education
  • Annual recognition/awards events
  • Partner appreciation days
  • Family entertainment/attractions discount
  • Community service/improvement opportunities

Click here for more details regarding Mercyhealth Careers Benefit Information.
At Mercyhealth, we don't simply hire people, we empower employee-partners who are passionate about making lives better. As an integrated health system, we deliver exceptional, coordinated across seven hospitals, 85 primary and specialty clinics, and a team of over 7,500 professionals serving northern Illinois and southern Wisconsin.
Mercyhealth has been nationally recognized for our commitment to our people and culture, including:
  • #1 in the nation on AARP's Best Employers for Workers Over 50
  • One of Working Mother magazine's 100 Best Companies for Working Mothers
  • A Top 50 Company and Top 10 Nonprofit for Executive Women

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