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Insurance Risk Analyst Jobs in Austin, TX (NOW HIRING)

Finastra

Enterprise Risk Manager

Austin, TX · Hybrid

Quantify risk exposure using advanced data analytics and provide actionable insights to leadership ... Medical, life and disability insurance, retirement plans, lifestyle, and other benefits.

Wood Plc

GIS Analyst - FEMA

Austin, TX · Remote

Perform GIS database development, qualitative/quantitative analysis, and mapping as a member of a ... Experience with FEMA's Risk MAP and National Flood Insurance Program (strongly preferred)

Acrisure

Governance, Risk & Compliance Analyst

Austin, TX · On-site

$93K - $93K/yr

... of insurance, reinsurance, payroll, benefits, cybersecurity, mortgage services - and more. In the ... risk, and compliance (GRC) frameworks. As a GRC Analyst, you will collaborate across departments to ...

Career Renew

Strategy and Analytics, Credit

Austin, TX · On-site +1

$180K - $220K/yr

We are the leading provider of innovative identity and risk solutions, empower institutions and ... insurance for you and dependents. * Remote Flexibility: Work from anywhere in the US with optional ...

Steadily

Insurance Product Analyst

Austin, TX · On-site

We're looking for an Insurance Product Analyst who is the very best at what they do. They will have ... We're growing fast, we manage over $20 billion in risk, and we're exceptionally well-funded.

CAPPS

SORM | Enterprise Risk Specialist | 26-0570

Austin, TX · On-site

$97K/yr

Review and analyze loss control data for workers' compensation and insurance * Perform inspections and consult with agency risk management representatives to identify risk exposures and hazards, and ...

Hippo Insurance

Data Analyst

Austin, TX

... and risk-aware decision-making. The analyst will partner closely with leaders across Sales ... Build and maintain dashboards to track performance across growth and insurance KPIs (e.g ...

Hippo Insurance

Data Analyst

Austin, TX · On-site

... and risk-aware decision-making. The analyst will partner closely with leaders across Sales ... Build and maintain dashboards to track performance across growth and insurance KPIs (e.g ...

Frost Bank

Senior Credit Risk Officer

Austin, TX

... trend analysis, and identification of emerging risks * Review and approve credit requests ... Medical, dental, vision, long-term disability, and life insurance * 401(k) matching * Generous ...

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All JobsInsurance Risk Analyst JobsInsurance Risk Analyst Jobs in Austin, TX

Insurance Risk Analyst information

See Austin, TX salary details

$48.6K

$82.5K

$154.6K

How much do insurance risk analyst jobs pay per year?

As of Jun 9, 2026, the average yearly pay for insurance risk analyst in Austin, TX is $82,505.00, according to ZipRecruiter salary data. Most workers in this role earn between $64,400.00 and $85,700.00 per year, depending on experience, location, and employer.

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.

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 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 Austin, TX? For Insurance Risk Analyst jobs in Austin, TX, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Analyst jobs in Austin, TX look for? The top searched job categories for Insurance Risk Analyst jobs in Austin, TX are:
What cities near Austin, TX are hiring for Insurance Risk Analyst jobs? Cities near Austin, TX with the most Insurance Risk Analyst job openings:
Insurance Risk Analyst jobs near you
Infographic showing various Insurance Risk Analyst job openings in Austin, TX as of June 2026, with employment types broken down into 1% Locum Tenens, 1% Internship, 86% Full Time, 9% Part Time, and 3% Contract. Highlights an 82% Physical, 7% Hybrid, and 11% Remote job distribution, with an average salary of $82,505 per year, or $39.7 per hour.

Enterprise Risk Manager

Finastra

Austin, TX • Hybrid

Full-time

Medical, Life, Retirement, PTO

Posted 13 days ago

Job description

Who are we?


At Finastra, we're a global leader in financial services software, dedicated to expanding access to financial services and shaping what's next for the industry. Our technology powers missioncritical solutions across Lending, Payments and Universal Banking, supporting over 7,000 customers, including 80% of the world's top 50 banks, in more than 110 countries.

Location: Sandy Springs, GA OR Austin, TX (Hybrid role with 2 days a week in office requirement and flexibility to work remotely 3 days a week).
Reports To: Senior Director, Enterprise Risk Management

Overview

We are seeking a forward-thinking Enterprise Risk Manager to strengthen our risk assessment capabilities by integrating advanced analytics and AI-driven insights into the enterprise risk management framework. This role will partner with business units, technology teams, and governance functions to identify, assess, and monitor risks using innovative tools and methodologies, ensuring proactive risk mitigation and strategic decision-making.

Key Responsibilities

  • AI-Enhanced Risk Assessment:
    • Design and implement risk assessment processes leveraging AI and machine learning for predictive analytics, anomaly detection, and scenario modeling.
    • Develop dashboards and automated workflows to improve risk visibility and accelerate decision-making.
  • Risk Identification & Evaluation:
    • Conduct enterprise-wide and targeted risk assessments to identify emerging risks and control gaps.
    • Quantify risk exposure using advanced data analytics and provide actionable insights to leadership.
    • Ensure Compliance with regulatory frameworks (COSO, NIST, ISO 27001, FFIEC).
  • Control Validation & Continuous Monitoring:
    • Use AI-driven monitoring solutions to validate key controls and detect deviations in real time.
    • Establish automated alerts and reporting for high-risk indicators.
  • Stakeholder Collaboration:
    • Work closely with IT, Cybersecurity, Compliance, and Audit teams to embed AI-enabled risk practices across the organization.
    • Serve as a trusted advisor to business leaders on risk trends and mitigation strategies.
  • Innovation & Best Practices:
    • Champion the adoption of emerging technologies in risk management.
    • Continuously evaluate AI tools and methodologies to enhance risk assessment maturity.

Qualifications & Skills

  • Experience:
    • Proven expertise in enterprise risk management, risk consulting, or related fields, with exposure to AI/analytics in risk assessment.
  • Technical Expertise:
    • Familiarity with AI/ML platforms, predictive modeling, and data visualization tools.
    • Strong understanding of cybersecurity and IT risk frameworks.
  • Education:
    • Bachelor's degree in Risk Management, Data Science, Finance, or related field; advanced degree preferred.
  • Certifications:
    • CRISC, CISA, CIA, or AI/analytics certifications (e.g., Certified Analytics Professional) are a plus.
  • Core Competencies:
    • Analytical mindset, innovative thinking, and ability to translate complex data into strategic insights.
    • Excellent communication and stakeholder engagement skills.

We are proud to offer a range of incentives to our employees worldwide. These benefits are available to everyone, regardless of grade, and reflect the values we stand for:

Flexibility: Enjoy unlimited vacation, subject to local regulations and business priorities. Benefit from hybrid working arrangements and inclusive policies such as paid time off for voting, bereavement, and sick leave.

Wellbeing: Access confidential onetoone support through our Employee Assistance Program, connect with our network of Wellbeing Champions and Gather Groups, and take part in monthly events and initiatives designed to help you thrive-inside and outside of work.

Health & Financial Security: Medical, life and disability insurance, retirement plans, lifestyle, and other benefits.*

Sustainability: Paid time off for volunteering and donationmatching opportunities to support causes that matter to you.

Inclusion: Get involved in our inclusion communities, such as Count Me In, Culture@Finastra, Proud@Finastra, Disabilities@Finastra, and Women@Finastra-open to everyone who wants to participate and contribute.

Career Development: Access online learning and accredited courses through our Skills & Career Navigator tool.

Recognition: Take part in our global recognition program, Finastra Celebrates, and share your voice through regular employee surveys that help shape our culture and ways of working.

*Specific benefits may vary by location.

At Finastra, each individual is unique-bringing their own ideas, perspectives, cultural backgrounds, and experiences. We learn from one another, value what makes us different, and create an environment where everyone feels included, supported, and able to be their authentic selves.

Be unique. Be exceptional. Help us make a difference at Finastra.

Applicants for this position need to be located in posted location or their immediate surrounding areas. Due to the requirements of this position, this job posting is not available for, and Finastra will not be considering any applicants who currently reside in New York City or California.

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