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Insurance Risk Analyst Jobs in Norfolk, VA (NOW HIRING)

Sentara

Director, Clinical Risk

Hampton, VA · On-site

$10K/mo

Risk activities include, but are not limited to, data abstraction, analysis, and committee ... Life Insurance 401k/403B with Employer Match Tuition Assistance - $5,250/year and discounted ...

Pae

Cybersecurity Analyst

Norfolk, VA

Perform risk analyses and recommend mitigating controls. Assess security compliance, support ... Disability and life insurance * Pet insurance Note: Benefits may vary based on employment type ...

New

RMC Global

Senior OT Cybersecurity Analyst

Norfolk, VA · Hybrid

$100K - $130K/yr

Life insurance policy equivalent to 1x your annual salary. * Company paid short and long-term ... Perform vulnerability and risk assessments for operational technology on DoW installations or ...

RMC Global

Senior OT Cybersecurity Analyst

Norfolk, VA · On-site

$100K - $130K/yr

Life insurance policy equivalent to 1x your annual salary. * Company paid short and long-term ... Perform vulnerability and risk assessments for operational technology on DoW installations or ...

Sentara

Senior Analyst

Norfolk, VA · On-site

$85.10K - $112.70K/yr

Third Party Risk Management (TPRM) Senior Analyst is responsible for ensuring the organization ... Life Insurance 401k/403B with Employer Match Tuition Assistance - $5,250/year and discounted ...

ThinkTek

Financial Analyst

Norfolk, VA · On-site

Support federal financial audit engagements and projects in alignment with firm risk management ... ThinkTek offers medical, dental, and vision insurance to all full-time employees; PTO and a variety ...

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Insurance Risk Analyst information

See Norfolk, VA salary details

$47.4K

$80.5K

$150.9K

How much do insurance risk analyst jobs pay per year?

As of May 30, 2026, the average yearly pay for insurance risk analyst in Norfolk, VA is $80,535.00, according to ZipRecruiter salary data. Most workers in this role earn between $62,900.00 and $83,700.00 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 Norfolk, VA? For Insurance Risk Analyst jobs in Norfolk, VA, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Analyst jobs in Norfolk, VA look for? The top searched job categories for Insurance Risk Analyst jobs in Norfolk, VA are:
Insurance Risk Analyst jobs near you
Senior Analyst - Third Party Risk Management

Senior Analyst - Third Party Risk Management

Sentara Healthcare

Norfolk, VA • On-site, Remote

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 7 days ago

Sentara Health rating

6.8

Company rating: 6.8 out of 10

Based on 379 frontline employees who took The Breakroom Quiz

488th of 864 rated healthcare providers

Job description

City/State
Norfolk, VA
Work Shift
First (Days)
Overview:
Third Party Risk Management (TPRM) Senior Analyst is responsible for ensuring the organization effectively manages risks associated with third-party vendors and partners throughout the entire third-party lifecycle, including vendor selection, contract negotiation, ongoing monitoring, and termination. This involves not only identifying and evaluating risks but also collaborating with various teams, particularly Legal and Procurement, to embed risk mitigation strategies into contractual agreements.
Key responsibilities
  • Vendor Risk Assessment (VRA):
    • Conduct thorough risk assessments for potential and existing vendors, focusing on various risk types, including cybersecurity, operational, financial, and compliance risks.
    • Utilize and potentially create vendor risk assessment questionnaires to gather detailed information about vendor practices, including data security policies, internal controls, compliance posture, and business continuity plans.
    • Analyze questionnaire responses and other relevant information to identify deficiencies, areas for remediation, and categorize vendors based on risk levels.
    • Engage with stakeholders to communicate assessment results, address security concerns, and collaborate on potential remediation actions.
    • Perform periodic reviews and reassessments of existing vendors to ensure ongoing compliance and address evolving risks.
  • Contract Negotiation:
    • Partner with Legal and Procurement teams during contract negotiations to ensure security, privacy, and other relevant risk clauses are adequately addressed.
    • Provide expert guidance on acceptable and unacceptable contract terms related to risk management, service level agreements (SLAs), and data protection.
    • Work to define and include clear performance standards, due diligence requirements, and exit strategies within contracts.
  • TPRM program development and maintenance:
    • Support the development, maintenance, and enhancement of the organization's Third-Party Risk Management program and framework.
    • Develop and update TPRM procedures to ensure alignment with organizational policies and regulatory requirements.
    • Identify and implement process efficiencies within the TPRM program and perform analyses on team metrics to enhance effectiveness.
  • Stakeholder collaboration and communication:
    • Build and maintain strong relationships with internal stakeholders across departments such as Legal, Procurement, Information Security, and Business Units.
    • Provide TPRM guidance and training to Vendor Relationship Owners and business partners on risk management practices.
    • Communicate identified risks, assessment results, and mitigation strategies to stakeholders, including senior management, clearly and concisely.
  • Ongoing monitoring and remediation:
    • Track identified risks associated with third parties and ensure timely reviews are performed.
    • Monitor key supplier performance against established SLAs and regulatory requirements.
    • Track and collaborate with internal partners and vendors to remediate any risk-related issues.

Education
  • Bachelor's degree in a relevant field such as Business, Finance, Information Technology, or a related discipline (Preferred)
  • Experience in lieu of Bachelor's Degree -7+ years of relevant experience without a degree

Certification/Licensure
  • CISA, CRISC, CISM, CISSP, or other relevant certifications are preferred

Experience
  • 5+ years of relevant experience with a degree
  • Strong understanding of Third-Party Risk Management (TPRM) principles, concepts, and best practices.
  • Experience in conducting vendor risk assessments and evaluating internal controls, potentially leveraging frameworks like ISO 27001/2, NIST 800-53, NIST CSF, SOC1/SOC2, CSA CCM, and Shared Assessments SIG.
  • Working knowledge of contract management principles and practices, including contract negotiation and analysis.
  • Excellent communication skills, both written and verbal, with the ability to effectively articulate security control requirements, assessment results, and risk considerations to diverse audiences.
  • Strong analytical, critical thinking, and problem-solving skills, with the ability to digest and analyze complex information with attention to detail and accuracy.
  • Ability to work collaboratively in a cross-functional environment and build strong relationships with internal and external partners.
  • Proficiency in Microsoft Office Suite (Excel, PowerPoint, Word) and potentially GRC (Governance, Risk, and Compliance) tools like OneTrust (highly desirable), Archer, or ServiceNow

Keywords: TPRM, Third party Risk assessment
Benefits: Caring For Your Family and Your Career
• Medical, Dental, Vision plans
• Adoption, Fertility and Surrogacy Reimbursement up to 10,000
• Paid Time Off and Sick Leave
• Paid Parental & Family Caregiver Leave
• Emergency Backup Care
• Long-Term, Short-Term Disability, and Critical Illness plans
• Life Insurance
• 401k/403B with Employer Match
• Tuition Assistance - 5,250/year and discounted educational opportunities through Guild Education
• Student Debt Pay Down - 10,000
• Reimbursement for certifications and free access to complete CEUs and professional development
• Pet Insurance
• Legal Resources Plan
• Colleagues have the opportunity to earn an annual discretionary bonus if established system and employee eligibility criteria is met.
Sentara Health is an equal opportunity employer and prides itself on the diversity and inclusiveness of its close to an almost 30,000-member workforce. Diversity, inclusion, and belonging is a guiding principle of the organization to ensure its workforce reflects the communities it serves.
In support of our mission "to improve health every day," this is a tobacco-free environment.
For positions that are available as remote work, Sentara Health employs associates in the following states:
Alabama, Delaware, Florida, Georgia, Idaho, Indiana, Kansas, Louisiana, Maine, Maryland, Minnesota, Nebraska, Nevada, New Hampshire, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

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