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

Risk Management Specialist

Phoenix, AZ · Remote

$29.96 - $44.94/hr

... risk, claims, and insurance processes. Prepares and presents reports, updates, and analysis on ... program activities for leadership and other stakeholders. Maintains awareness of regulatory changes ...

Risk Management Specialist

Phoenix, AZ · On-site +1

$29.96 - $44.94/hr

... and insurance processes. * Prepares and presents reports, updates, and analysis on program ... Risk management principles and practices that protect organizational assets and reputation.

The role requires a strategic thinker with strong analytical, leadership, and communication skills ... Vision insurance. 401(k) * Pet Discount Plan. * ID Theft protection amp; Legal assistance.

Your role in our mission Prosper is seeking a Data Scientist under the Credit Risk Analytics ... pet insurance, and a bevy of additional savings through Beneplace Interview Process * Recruiter ...

... risk and potential loss to the company. Supports relationship managers and business banking ... Basic term and optional term life insurance * Short-term and long-term disability * Pregnancy ...

Job#: 3043759 IT Risk & Governance Analyst Location: Chandler, Arizona (Hybrid) Employment Type ... other insurance plans that offer an optional layer of financial protection. We offer an ESPP ...

Showing results 41-60

Insurance Risk Analyst information

See Phoenix, AZ salary details

$46.2K

$78.6K

$147.2K

How much do insurance risk analyst jobs pay per year?

As of Sep 10, 2026, the average yearly pay for insurance risk analyst in Phoenix, AZ is $78,556.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,300.00 and $81,600.00 per year, depending on experience, location, and employer.

What is an insurance risk analyst?

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 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 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.

How much do insurance risk analysts get paid?

Insurance risk analysts typically earn a median annual salary of around $70,000 to $90,000, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts or those with specialized skills can earn over $100,000 annually.

How much does an insurance risk analyst make?

The average salary for an insurance risk analyst is around $70,000 to $90,000 per year, depending on experience, location, and industry. Entry-level positions typically start lower, while experienced analysts with certifications can earn higher salaries. Skills in data analysis and risk assessment tools are often required for higher-paying roles.

Is an insurance risk analyst a good career?

An insurance risk analyst is a professional who assesses and manages risks for insurance companies, often requiring strong analytical skills and knowledge of insurance policies. The role offers opportunities for career growth, stability, and the potential for specialization in areas like underwriting or data analysis, with many positions requiring relevant certifications or degrees. Overall, it can be a stable and rewarding career for those interested in finance, risk management, and data analysis.

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:

Infographic showing various Insurance Risk Analyst job openings in Phoenix, AZ as of September 2026, with employment types broken down into 95% Full Time, and 5% Part Time. Highlights an 95% In-person, and 5% Remote job distribution, with an average salary of $78,556 per year, or $37.8 per hour.

Risk Management Specialist

Phoenix, AZ • Remote

$29.96 - $44.94/hr

Full-time

Re-posted 5 days ago


Job description

Summary First review of applications will begin September 10 , 2026; weekly thereafter until filled. Purpose of role: The Risk Management Specialist completes a variety of tasks and projects to identify and address operational effectiveness in support of Valley Metro's claim and risk management program. Reporting to the Chief Legal Officer and the Legal Operations Manager, the Risk Management Specialist processes all general liability and property damage claims and assists with the development of risk goals and objectives.

The ideal candidate will embody Valley Metro's values of being innovative, driven, and responsible, while delivering excellent service to internal and external stakeholders, fostering collaboration and best practices, supporting data-driven decisions, and managing program resources responsibly. This role may coordinate program activities and provide actionable insights to support the agency's success. Minimum Qualifications & Requirements Bachelor's degree in Risk Management, Business Administration, Public Administration, or a related field; and Four (4) years of progressively responsible experience in claims management, from claim inception, processing, closure or settlement, including all tracking and reporting.

Two (2) years of experience in organizational risk management including insurance administration and experience in a lead or supervisory capacity, with responsibility for workers' compensation, tort, and insurance programs. Risk management experience within the transit industry desired. Risk management experience in the public or government sector desired.

An equivalent combination of education and experience sufficient to successfully perform the essential duties of the job such as those listed above. Additional education cannot be substituted for experience. Human Resources reserves the right to call only the most qualified candidates to the selection process Licensing/Certification Requirements: Risk Management certifications/licensing desired Examples of Duties / Knowledge & Skills The following functions are intended to provide a representative summary of the primary duties and responsibilities of this position and are not an exhaustive list of all duties that may be performed.

Assists with the risk management program, including insurance, self-insurance, workers' compensation, and claims administration activities. Facilitates insurance program activities, including coordination with external brokers, renewals and modifications, reviewing requirements, maintaining certificates, and providing analysis and recommendations on coverage, retention levels, and policy limits. Reviews, investigates, processes, and coordinates the resolution of liability, property, automobile, restitution, and subrogation claims, and tracks and analyzes claims and loss data to support reporting, trends analysis, and program improvement.

Collaborates on the assigned program budget by monitoring expenditures, tracking claims and indemnity payments, and preparing financial data and reports to support budgeting, actuarial studies, and planning. Provides guidance and support to departments across the agency on applicable risk requirements, assisting in the identification of issues and alignment of practices with agency standards. Supports contract and compliance activities by reviewing insurance and risk-related provisions and ensuring alignment with Valley Metro's risk management and regulatory standards.

Develops and maintains program standard operating procedures, guidelines, and documentation, and coordinates training and informational sessions related to risk, claims, and insurance processes. Prepares and presents reports, updates, and analysis on program activities for leadership and other stakeholders. Maintains awareness of regulatory changes, industry trends, and best practices relevant to the risk management program.

Performs related duties as assigned. Required Knowledge & Skills: Knowledge of: Federal, state, and local laws, rules, regulations, and requirements regarding workers' compensation, ADA, and FTA regulations. Insurance, loss prevention, and risk management best practices, principles, and theories.

Reporting, research, and record-keeping techniques. Budgeting principles, fiscal management, and basic financial/accounting principles. Skill in: Methods to establish and maintain effective working relationships with internal managers, executives, and external stakeholders.

Risk management principles and practices that protect organizational assets and reputation. Communication (verbal and written). Monitoring and ensuring regulatory compliance.

Recognizing opportunities and quantifying potential gains and losses by applying principles of finance, accounting, and business management. Making well-thought-out yet efficient decisions based on pertinent facts, relevant information, and good judgment. Identifying key issues, analyzing cause-effect relationships, clarifying input from different sources, and reaching appropriate decisions in a timely manner.

Physical Demands / Work Environment Work is performed in a typical office setting with routine use of standard office equipment. This role is sedentary, requiring the physical exertion of up to 10 lbs. occasionally or negligible weights frequently; sitting most of the time.

This role typically requires sitting, handling, fine dexterity, visual acuity, hearing, speaking, walking, standing, lifting, carrying, pushing/pulling, reaching, twisting, time pressure, tedious or exacting work, changing of tasks, multitasking, irregular work schedule/overtime, and working with others on a team. Valley Metro is a Drug-Free Workplace and an Equal Opportunity Employer.