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Insurance Risk Analyst Jobs (NOW HIRING)

Chicago Public Schools

Reporting to the Risk and Insurance Manager, the Risk and Insurance Analyst assists in the administration of various financial and risk management matters for CPS. This position involves ...

Brown & Brown Insurance

Risk Analyst

Los Angeles, CA · On-site

The Risk Analyst position is a great opportunity if you are seeking a career in Commercial Insurance and Risk Management. As a Risk Analyst, you will receive professional development and mentorship ...

Atlas Energy Solutions

Senior Risk Analyst

Austin, TX · On-site

Key Responsibilities Insurance Renewal & Program Support * Own annual and mid-term insurance ... Risk Analytics, Dashboards & Leadership Reporting * Develop and maintain dashboards, reports, and ...

Atlas Energy Solutions

Senior Risk Analyst

Austin, TX · On-site +1

Key Responsibilities Insurance Renewal & Program Support * Own annual and mid-term insurance ... Risk Analytics, Dashboards & Leadership Reporting * Develop and maintain dashboards, reports, and ...

Atlas Energy Solutions

Senior Risk Analyst

Austin, TX · On-site +1

Key Responsibilities Insurance Renewal & Program Support * Own annual and mid-term insurance ... Risk Analytics, Dashboards & Leadership Reporting * Develop and maintain dashboards, reports, and ...

Parsons Corporation

Risk Analyst

Risk Analyst Parsons is seeking a Risk Analyst to become a key member of its talented Insurance ... This role is responsible for gathering and analyzing data for insurance renewals and audits ...

Atlas Air

Sr Risk & Insurance Analyst

White Plains, NY · On-site

... analyzing the associated insurance premiums and expenses. Insurance placements include property, cyber, worker's comp, aircraft hull deductible; aviation all risk (hull & liability); war risk hull ...

Atlas Air

Sr Risk & Insurance Analyst

White Plains, NY · On-site

... analyzing the associated insurance premiums and expenses. Insurance placements include property, cyber, worker's comp, aircraft hull deductible; aviation all risk (hull & liability); war risk hull ...

Orano

Insurance & Risk Manager

Oak Ridge, TN · On-site

Description Insurance & Risk Manager ABOUT ORANO Join our team to help meet current and future ... KEY COMPENTENCIES: • Strong technical insurance expertise and analytical judgment. • Ability to ...

Cotton

Risk Analyst

Houston, TX · On-site

Insurance Contract Review : Evaluate contract language to ensure adherence to Cotton insurance standards. * Claims and Risk Analysis : Support claims management and risk analysis projects to identify ...

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Insurance Risk Analyst information

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$49K

$83.2K

$156K

How much do insurance risk analyst jobs pay per year?

As of Aug 11, 2026, the average yearly pay for insurance risk analyst in the United States is $83,237.00, according to ZipRecruiter salary data. Most workers in this role earn between $65,000.00 and $86,500.00 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.

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 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.

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
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What job categories do people searching Insurance Risk Analyst jobs look for? The top searched job categories for Insurance Risk Analyst jobs are:
What are popular job titles related to Insurance Risk Analyst jobs? For Insurance Risk Analyst jobs, the most frequently searched job titles are:
Insurance Risk Analyst jobs near you
Infographic showing various Insurance Risk Analyst job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 73% Full Time, 21% Part Time, and 5% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $83,237 per year, or $40 per hour.

Risk and Insurance Analyst

Chicago Public Schools

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 25 days ago

Job description

Chicago Public Schools (CPS) is a district on the rise, serving over 325,000 students in 500+ schools and employing over 45,000 people, most of them teachers. CPS has set ambitious goals to ensure that every student, in every school and every neighborhood, has access to a world-class learning experience that prepares each for success in college, career, and civic life. Aligned with our transformed philosophy, we are steadfastly focused on ensuring that the District provides resources equitably to support every student, every school, and every community. Six core values guide the work we do every day for our students - student-centered, whole child, equity, academic excellence, community partnership, and continuous learning. Each role in the district supports our vision that every student deserves a rigorous, joyful, and equitable learning experience.

The Office of Finance maintains the fiscal integrity of Chicago Public Schools (CPS) and provides financial leadership to the Chicago Board of Education according to state and federal legislation, government regulations, Board policies, and sound financial practices.  Under the Treasurer, the Office of Risk Management is responsible for managing the property and casualty exposure of the district's plant and operations through insurance policies, self-insurance, claims administration, and risk transfer via vendor contracts.

Job Summary: 

Reporting to the Risk and Insurance Manager, the Risk and Insurance Analyst assists in the administration of various financial and risk management matters for CPS. This position involves collaborating with CPS staff, financial professionals, insurance brokers, and vendors to identify and mitigate operational risks - making a positive impact on the public education system and the students we serve. This is a full-time, exempt position that will be paid for time worked on a salary basis.

The Risk and Insurance Analyst will be held accountable for the following responsibilities:

  • Aid in the compliance review of insurance requirements for CPS vendors, based on the guidelines established by the Office of Risk Management.

  • Oversee the issuance of CPS Certificates of Insurance to vendor partners within established limits for special event contracts. 

  • Review and evaluate insurance requirements for license agreements or short-term rental contracts related to the use of CPS property. 

  • Monitor and work with CPS Student Transportation vendors by maintaining proper insurance policy details and proof of coverage for ongoing reference.

  • Contribute to the annual organization and gathering of information for CPS's own insurance renewal applications, covering liability, property, and specialty areas. 

  • Participate in various Risk Management processes, including contracts review, vendor outreach and communication, relationship management, and reporting. 

  • Handle various department-related inquiries, escalate when necessary for further review; maintaining accurate records. 

  • Coordinate payments for departmental vendor invoices and other payment responsibilities related to Risk Management. 

  • Support the Office of Risk Management to achieve department goals. 

  • Other duties as assigned.

In order to be successful and achieve the above responsibilities, the Risk and Insurance Analyst must possess the following qualifications: 

Education Required: 

  • Bachelor's degree from an accredited college or university, preferably in Business Administration, Finance or Risk Management or similarly related field.

Experience Required: 

  • Minimum of (3) years of experience in business administration, finance, risk management, or insurance.

Knowledge, Skills, and Abilities: 

  • Strong analytical, financial, and problem-solving skills.

  • Ability to interpret and apply CPS Rules and Policies.

  • Excellent communication skills for effective collaboration with various stakeholders.

  • Proficient in Microsoft Office, with advanced Excel skills.

  • Familiarity with Enterprise Financial Systems (EFS) preferred.

  • Adept user of the internet, email, and other office automation systems.

  • Ability to define problems, analyze data, and outline valid conclusions and action steps.

Benefits:

Health & Wellness: Your Care, Your Choice

CPS is committed to providing comprehensive health coverage to our employees and their eligible dependents. You'll have access to a variety of choices to best fit your needs:

Medical Plan Options

Pharmacy

Dental

Vision

Behavioral Health & EAP

Employee Wellness Program

Financial Security: Planning for Today and Tomorrow

We understand the importance of financial stability, which is why CPS offers strong retirement and savings options:

Basic Life Insurance

Life and Disability Insurance

Pension Plans

Supplemental Retirement Plans (403(b) and 457(b))

Flexible Spending Accounts (FSAs)

Spot Pet Insurance

Work-Life Balance: Supporting Your Personal and Professional Life

CPS values the well-being of its employees and offers competitive paid time off policies:

Paid Leave

Sick Leave

Vacation Days

Parental Leaves

Short-Term Disability

Religious Holidays

Leaves

Reference the Chicago Public Schools: A Comprehensive Benefits Overview or the benefits handbook for comprehensive details.

Conditions of Employment

As a condition of employment with the Chicago Public Schools (CPS), employees are required to:

  • Establish/Maintain Chicago Residency - Employees are required to live within the geographic boundaries of the City of Chicago within six months of their CPS hire date and maintain residency throughout their employment with the district. The Chicago residency requirement does not apply to temporary/part-time positions; however, all CPS employees must be residents of Illinois.

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