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Insurance Risk Analyst Jobs in Chicago, IL (NOW HIRING)

Robinhood

Senior Financial Risk Analyst

Chicago, IL · On-site

$111K - $130K/yr

... risk models, forecasting key balance sheet items and providing deep dive analysis into financial ... Employer-paid life & disability insurance, fertility benefits, and mental health benefits * Time ...

Avant LLC

Sr Analyst, Credit Risk - Loan

Chicago, IL · On-site

$66K - $88K/yr

Avant is looking for a Senior Credit Risk Analyst who will play a crucial role in evaluating and ... Choice of great Medical, Dental, and Vision Insurance Plan options * 401(k) match * Flexible Time ...

Avant

Sr Analyst, Credit Risk - Loan

Chicago, IL

$66K - $88K/yr

Avant is looking for a Senior Credit Risk Analyst who will play a crucial role in evaluating and ... Choice of great Medical, Dental, and Vision Insurance Plan options * 401(k) match * Flexible Time ...

PremiStar

Risk Manager

Deerfield, IL · On-site

Enterprise Insurance Strategy * Lead administration and strategic oversight of all property ... Analyze claim frequency, severity, lag time, and emerging loss trends to drive corrective action ...

First Industrial

Insurance Coordinator

Chicago, IL · On-site

$58K - $68K/yr

Interacts with Corporate Insurance/Risk Management when needed to adjust contract requirements or complete internal waiver documentation. Essential Job Functions * Analyze and interpret lease and ...

First Industrial

Insurance Coordinator

Chicago, IL · On-site

$58K - $68K/yr

Interacts with Corporate Insurance/Risk Management when needed to adjust contract requirements or complete internal waiver documentation. Essential Job Functions * Analyze and interpret lease and ...

Wintrust

Analyst, Counterparty Credit Risk

Rosemont, IL · On-site

$59K - $77K/yr

Position Overview The Counterparty Credit Risk Analyst will assist the VP and Department SVP in ... Insurance, Sovereign, and Mortgage counterparties, as well as Third-Party Vendors) are appropriate ...

Wintrust

Analyst, Counterparty Credit Risk

Rosemont, IL · On-site

$59K - $77K/yr

Position Overview The Counterparty Credit Risk Analyst will assist the VP and Department SVP in ... Insurance, Sovereign, and Mortgage counterparties, as well as Third-Party Vendors) are appropriate ...

Topstep

Chargeback and Abuse Risk Analyst

Chicago, IL · On-site +1

$80K - $90K/yr

The Chargeback and Abuse Risk Analyst is an independent decision-maker and subject matter expert on ... Competitive 401(k) matching, health, dental, and vision insurance are offered for full-time ...

Topstep

Chargeback and Abuse Risk Analyst

Chicago, IL · On-site

$80K - $90K/yr

The Chargeback and Abuse Risk Analyst is an independent decision-maker and subject matter expert on ... Competitive 401(k) matching, health, dental, and vision insurance are offered for full-time ...

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Showing results 1-20

All JobsInsurance Risk Analyst JobsInsurance Risk Analyst Jobs in Chicago, IL

Insurance Risk Analyst information

See Chicago, IL salary details

$50.5K

$85.7K

$160.7K

How much do insurance risk analyst jobs pay per year?

As of Jun 18, 2026, the average yearly pay for insurance risk analyst in Chicago, IL is $85,746.00, according to ZipRecruiter salary data. Most workers in this role earn between $67,000.00 and $89,100.00 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.

How much do risk analysts get paid?

Risk analysts in the insurance industry typically earn a median annual salary between $60,000 and $80,000, with experienced professionals or those in senior roles earning over $100,000. Salaries vary based on experience, location, and certifications such as the Chartered Property Casualty Underwriter (CPCU).

What is the highest paid position in insurance?

In insurance, executive roles such as Chief Underwriting Officer, Chief Risk Officer, or Chief Executive Officer tend to be the highest paid positions, often earning six- to seven-figure salaries. These roles require extensive experience, leadership skills, and often advanced certifications or degrees, and they oversee strategic decision-making and risk management at the highest level.

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 policyholders' risk profiles, and using statistical tools. They help determine appropriate premiums and develop strategies to mitigate losses, often working with underwriting teams and utilizing risk management software.

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 several years of experience, depending on the employer and specific role. Entry-level risk analyst jobs typically require a bachelor's degree in finance, economics, or a related field, and may involve on-the-job training or certifications such as FRM or CRM. More advanced roles may require prior experience or specialized skills in data analysis or risk modeling.

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 Chicago, IL? For Insurance Risk Analyst jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Analyst jobs in Chicago, IL look for? The top searched job categories for Insurance Risk Analyst jobs in Chicago, IL are:
Insurance Risk Analyst jobs near you
Infographic showing various Insurance Risk Analyst job openings in Chicago, IL as of June 2026, with employment types broken down into 1% Locum Tenens, 1% Internship, 86% Full Time, 6% Part Time, 3% Contract, and 3% Nights. Highlights an 79% Physical, 10% Hybrid, and 11% Remote job distribution, with an average salary of $85,746 per year, or $41.2 per hour.
Senior Financial Risk Analyst

Senior Financial Risk Analyst

Robinhood

Chicago, IL • On-site

$111K - $130K/yr

Full-time

Medical, Life, Retirement, PTO

This job post has expired today. Applications are no longer accepted.

Job description

Join us in building the future of finance.
Our mission is to democratize finance for all. An estimated $124 trillion of assets will be inherited by younger generations in the next two decades. The largest transfer of wealth in human history. If you're ready to be at the epicenter of this historic cultural and financial shift, keep reading.
About the team + role
We are looking for an intellectually curious and enthusiastic individual to help the organization prepare for continued rapid growth by having a good understanding of the impact of the financial markets and risks on Robinhood. This role is responsible for monitoring corporate liquidity risks and investments, developing financial risk models, forecasting key balance sheet items and providing deep dive analysis into financial market drivers of the business.
This role suits those with a bias towards action and impact, who believe in end to end execution and accountability. You are the perfect mix of analytical, technical, operational, and creative. You are a clear, confident communicator who loves taking a complicated problem, decomposing it, and building data driven models, then turning those models into processes and reports.
What you'll do
  • Monitor and report on financial risks across the firm on a daily basis, ensuring timely escalation of material exposures
  • Conduct deep-dive quantitative analyses into liquidity risks emerging across the Robinhood ecosystem
  • Enhance and maintain liquidity risk models and forecasting frameworks to support proactive risk management
  • Partner with Data Science and Engineering teams to design and deliver dashboards, automated alerts, and data pipelines that surface capital, liquidity, and counterparty credit risks for the Treasury function
  • Collaborate with Finance and Product teams to assess emerging risks associated with new products and business initiatives
What you bring
  • Bachelor's degree in mathematics, computer science, engineering or a related field.
  • 1-3 years of experience in data analytics, risk management, or a comparable analytical role
  • Strong quantitative and problem-solving skills, with the ability to communicate complex findings clearly to non-technical stakeholder
  • Solid grounding in financial risk methodologies including Value-at-Risk, stress testing, scenario analysis, and attribution modeling
  • Understanding of macroeconomics, financial markets, financial instruments, trading strategies, and investment theory
  • Advanced proficiency in SQL and Python
  • Ability to build and own process from the ground up
  • Demonstrated ability to design and own end-to-end processes in ambiguous, fast-moving environments
Bonus points:
  • Advanced graduate degree such as an MFE or in a similar technical field preferred.
  • Experience developing and deploying production-grade financial models in Python or R
  • Familiarity with sophisticated financial instruments including derivatives, futures, leveraged products, and digital assets
  • Experience with time series modeling and regression techniques
  • Hands-on experience with AI/ML tooling and business intelligence platforms such as Superset or Looker
  • Working knowledge of ETL pipelines and workflow orchestration tools such as Airflow
What we offer
  • Challenging, high-impact work to grow your career
  • Performance driven compensation with multipliers for outsized impact, bonus programs, equity ownership, and 401(k) matching
  • Best in class benefits to fuel your work, including 100% paid health insurance for employees with 90% coverage for dependents
  • Lifestyle wallet - a highly flexible benefits spending account for wellness, learning, and more
  • Employer-paid life & disability insurance, fertility benefits, and mental health benefits
  • Time off to recharge including company holidays, paid time off, sick time, parental leave, and more!
  • Exceptional office experience with catered meals, events, and comfortable workspaces

In addition to the base pay range listed below, this role is also eligible for bonus opportunities + equity + benefits.
Base pay for the successful applicant will depend on a variety of job-related factors, which may include education, training, experience, location, business needs, or market demands. The expected base pay range for this role is based on the location where the work will be performed and is aligned to one of 3 compensation zones. For other locations not listed, compensation can be discussed with your recruiter during the interview process.
Base Pay Range:
Zone 1 (Menlo Park, CA; New York, NY; Bellevue, WA; Washington, DC)
$111,000-$130,000 USD
Zone 2 (Denver, CO; Westlake, TX; Chicago, IL)
$97,000-$114,000 USD
Zone 3 (Lake Mary, FL; Clearwater, FL; Gainesville, FL)
$86,000-$101,000 USD
Click here to learn more about our Total Rewards, which vary by region and entity.
If our mission energizes you and you're ready to build the future of finance, we look forward to seeing your application.
Robinhood provides equal opportunity for all applicants, offers reasonable accommodations upon request, and complies with applicable equal employment and privacy laws. Inclusion is built into how we hire and work-welcoming different backgrounds, perspectives, and experiences so everyone can do their best. Please review the Privacy Policy for your country of application.

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