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Insurance Risk Analyst Jobs in Phoenix, AZ (NOW HIRING)

The Position The Senior Risk Analyst, Risk and Insurance will report to the Sr. Director, Risk and Insurance and is responsible for supporting all aspects of Arevon's corporate insurance programs.

Developing and undertaking advanced Quantitative Risk Analysis including Cost, Schedule and ... insurance, service recognition awards, retirement savings plan, and employee stock purchase plan.

Senior GRC Analyst

Phoenix, AZ · On-site

$85K - $121.80K/yr

Manager, IT Risk and Compliance, the Senior GRC analyst will be responsible for supporting the day ... thcare Insurance: Take advantage of comprehensive healthcare plans and options to ensure your ...

A GSOC Risk Analyst Flex plays a critical role in Global Physical Security and Loss Prevention ... Health insurance and 401k plans for full-time positions * Schedules that fit with your personal ...

A GSOC Risk Analyst Flex plays a critical role in Global Physical Security and Loss Prevention ... Health insurance and 401k plans for full-time positions * Schedules that fit with your personal ...

A GSOC Risk Analyst Flex plays a critical role in Global Physical Security and Loss Prevention ... Health insurance and 401k plans for full-time positions * Schedules that fit with your personal ...

A GSOC Risk Analyst Flex plays a critical role in Global Physical Security and Loss Prevention ... Health insurance and 401k plans for full-time positions * Schedules that fit with your personal ...

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Insurance Risk Analyst information

See Phoenix, AZ salary details

$48.7K

$82.6K

$154.9K

How much do insurance risk analyst jobs pay per year?

As of May 29, 2026, the average yearly pay for insurance risk analyst in Phoenix, AZ is $82,647.00, according to ZipRecruiter salary data. Most workers in this role earn between $64,500.00 and $85,900.00 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.

What cities near Phoenix, AZ are hiring for Insurance Risk Analyst jobs? Cities near Phoenix, AZ with the most Insurance Risk Analyst job openings:
Infographic showing various Insurance Risk Analyst job openings in Phoenix, AZ 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 $82,647 per year, or $39.7 per hour.

Senior Analyst, Risk & Insurance

Arevon

Scottsdale, AZ

Other

Retirement, PTO

Posted 14 days ago


Job description

The Position

The Senior Risk Analyst, Risk and Insurance will report to the Sr. Director, Risk and Insurance and is responsible for supporting all aspects of Arevon's corporate insurance programs. Responsibilities will include the compilation of underwriting information to support coverage placement, assisting in the administration of insurance policies, certificates, claims, contract review, and analysis to support loss mitigation. The position is full-time and is based in our Scottsdale, AZ office. The role will require occasional travel in the U.S. for site visits, meetings, or participation in risk assessments.

Key Responsibilities

  • Assist in the management of insurance policies and certificates. Ensure accuracy of all documentation. Serve as a liaison with internal and external stakeholders.
  • Support the claims process (reporting, tracking, and analysis), including prompt notification of incidents, compiling necessary documentation, and maintaining communication with all relevant parties.
  • Review and implement contractual insurance requirements to support the company's operations, construction, development, and financing activities with the support of our insurance broker.
  • Coordinate risk analyses and loss control services with internal departments, and external parties including insurance carriers, brokers, and consultants.
  • Develop and maintain insurance budget and administration of invoices.
  • Provide general administrative assistance to the Sr. Director, Risk and Insurance, and engage in additional support as may be required. Clearly communicate findings, concerns, and recommendations to internal and external stakeholders as needed.

Required Qualifications

Educational Experience

  • Undergraduate degree with a focus in business, finance, insurance, risk management, or a closely related discipline is preferred.

Required Work Experience

  • Candidates should have at least 3 or more years of risk management experience in either brokerage, risk management, or underwriting industry.
  • Understanding of fundamental insurance terms and ability to apply that knowledge to company exposures.

Technical Skills

  • Proficient knowledge of the Microsoft Office Suite (e.g., Word, Excel, PowerPoint, Outlook) with an emphasis on using PowerPoint presentations to clearly communicate messaging to all levels of management, and Excel to analyze complex data.
  • Experience in data analytics or risk modeling tools is a plus.

Additional Skills

  • CPCU / ARM designation is a plus.
  • Experience in the power generation or energy industry is a plus.
  • Self-starter with ability to work independently and with a team in a fast-paced and high-volume environment with emphasis on accuracy and timeliness.
  • Highly organized team player - can easily respond to changes in work scope/deadlines as priorities shift.
  • Outstanding communication (written and verbal) and interpersonal skills with ability to work across cross-functional teams effectively and represent the company with third parties in a professional way.
  • Strong organizational and time management skills.
  • Positive attitude and ability to adapt to changing projects and operations.

Why Join Arevon?

We believe you should love what you do and love where you work, which is why we offer a wide range of benefits to support your personal and professional well-being.

  • Competitive Compensation and Incentives
  • Generous Paid Time Off
  • Flexible Work Environment
  • 401(k) Plan with 6% Company match
  • Tuition Reimbursement Program
  • Paid Parental and Caregiver Leave
  • Inspiring Company Culture
  • Professional Development Opportunities

Equal Opportunity Employer Statement

Arevon is an equal opportunity employer committed to fostering a diverse and inclusive workplace. We do not discriminate based on race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status, or any other protected characteristic under applicable law. We encourage candidates of all backgrounds to apply.