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

Archgroup

Director, Risk Control

Scottsdale, AZ · Remote

$150K - $165K/yr

The Director, Risk Control supports Arch Insurance's Large Account Construction business unit by ... Provide expert analysis of workers' compensation, general liability, and auto liability exposures

Archgroup

Director, Risk Control

Scottsdale, AZ · Remote

$150K - $165K/yr

The Director, Risk Control supports Arch Insurance's Large Account Construction business unit by ... Provide expert analysis of workers' compensation, general liability, and auto liability exposures

Northern Trust

Risk Treatment Specialist

Tempe, AZ · On-site

$108.97K - $185.16K/yr

Produce impactful and insightful thematic analysis to support proactive risk management * Maintain ... insurance, and other voluntary and well-being benefits. Northern Trust also provides a ...

Wise Dollar Insurance

P&C Insurance Agent

Scottsdale, AZ · Remote

$40K - $50K/yr

As a P&C Insurance Agent, you will play a vital role in helping clients protect their homes ... Utilize risk analysis skills to assess client profiles (e.g., property details, driving records ...

PMA Companies

Senior Risk Control Consultant

Phoenix, AZ · On-site

$90K - $120K/yr

... lines of insurance coverage that may include workers compensation, commercial auto, general ... Use analytics to support plans and recommendations, and to help show correlation of the service ...

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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.

More about Insurance Risk Analyst jobs
What are popular job titles related to Insurance Risk Analyst jobs in Phoenix, AZ? For Insurance Risk Analyst jobs in Phoenix, AZ, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Analyst jobs in Phoenix, AZ look for? The top searched job categories for Insurance Risk Analyst jobs in Phoenix, AZ are:
What cities near Phoenix, AZ are hiring for Insurance Risk Analyst jobs? Cities near Phoenix, AZ with the most Insurance Risk Analyst job openings:
Insurance Risk Analyst jobs near you
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.
Risk and Compliance Manager

Risk and Compliance Manager

OrthoArizona

Phoenix, AZ

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 24 days ago

OrthoArizona rating

7.0

Company rating: 7.0 out of 10

Based on 30 frontline employees who took The Breakroom Quiz

403rd of 864 rated healthcare providers

Job description

Risk and Compliance Manager
About OrthoArizona:
At OrthoArizona, we are bringing the best together. Our organization was created to help serve ALL orthopedic and podiatry needs throughout the Valley! We have a wide range of orthopedic surgeons and mid-level providers including physical and occupational therapists.
Today we are one of Arizona’s largest privately owned and most comprehensive orthopedic practices with more than 75 locally and nationally renowned providers across 30 locations, in addition to 2 ambulatory surgical centers and in house state of the art MRI capabilities. At OrthoArizona we are committed to best-in-class patient care, being a pioneer in research and technology, and most importantly, rewarding and recognizing our employees.
The Risk and Compliance Manager is responsible for managing OrthoArizona’s risk management, and compliance programs. This leadership role is critical for ensuring that the organization delivers high-quality services to our patients, while minimizing risks, improving operational processes, and maintaining compliance with relevant industry regulations and standards. The role will support and lead initiatives to monitor, assess, and improve quality management systems and risk management practices across the organization. The role requires a strategic thinker with strong analytical, leadership, and communication skills, as well as an in-depth understanding of risk assessment methodologies and quality assurance principles.
As the Risk and Compliance Manager with OrthoArizona, you will:
Risk Management:
  • Lead the risk management framework, including identifying, assessing, and mitigating risks across all areas of operations.
  • Establish a risk management process for identifying, analyzing, and prioritizing risks, and develop appropriate mitigation strategies.
  • Develop and implement risk assessments, business continuity planning, and crisis management protocols.
  • Provide regular reports to executive leadership on risk exposure, status of mitigation efforts, and any emerging risks.
  • Foster a culture of proactive risk identification and management within all teams and departments.
  • Develop and execute strategies to improve organizational quality standards and reduce risk exposure.
  • Create and deliver regular reports on risk assessments, mitigation strategies, and compliance.
Compliance amp; Regulatory Oversight:
  • Ensure the organization’s quality and risk management practices comply with industry regulations, standards, and internal policies (e.g.,HIPAA, OSHA, etc.).
  • Stay updated on changes in relevant regulations and ensure compliance with applicable federal, state, and local laws.
  • Manage internal and external audits to verify compliance and ensure all corrective actions are properly addressed.
  • Serve as the point of contact for regulatory agencies and maintain relationships with external auditors or certifying bodies.
  • Investigate incidents, customer complaints, and non-conformances to identify root causes
  • Lead failure analysis and problem-solving initiatives using methodologies like root cause analysis, failure mode effects analysis
  • Evaluate guidelines for risk management and compliance
  • All other duties as assigned.
Minimum Qualifications:
  • Bachelor's degree in Business Administration, Engineering, Healthcare, or a related field
  • At least 5 years of experience in healthcare risk management/regulatory compliance
  • Experience in private or group practice is preferred
  • Physical audits are a key component of this role - must reside in the greater Phoenix metropolitan area
Preferred Qualifications:
  • Masters's degree in business administration or health care administration or equivalent experience.
  • Professional certifications such as Certified Risk Management Professional (CRMP) or other relevant certifications are highly desirable
  • 4 years of management experience
Skills and Competencies:
  • Expertise in conducting risk assessments and developing risk mitigation strategies.
  • Exceptional problem-solving and decision-making skills.
  • Excellent leadership and team management abilities with a focus on continuous improvement.
  • Ability to analyze complex data and present findings to senior leadership.
  • Strong communication, interpersonal, and negotiation skills.
  • Always maintain a professional appearance and demeanor.
  • Proficiency with quality management software, data analysis tools, and MS Office Suite (Excel, PowerPoint, Word).
  • Detail-oriented with a focus on accuracy and compliance.
  • Ability to work in a fast-paced environment and manage multiple priorities.
  • Strong business acumen and a results-driven mindset.
  • High level of integrity and ethical standards.
Full Time Benefits:
  • Robust paid time off package including, sick time, holidays, amp; paid time off!
  • Medical with multiple different plan options.
  • Health Savings account + company contributions.
  • Dental amp; Vision insurance.
  • 401(k)
  • Pet Discount Plan.
  • ID Theft protection amp; Legal assistance.

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