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Insurance Risk Assessor Jobs in Arizona (NOW HIRING)

Sr Risk Control Consultant

Phoenix, AZ ยท On-site +1

$112K - $143K/yr

... focus on risk assessment and service work, providing leadership in division/branch-level ... UFG Insurance is committed to fair and equitable compensation practices. The base salary range for ...

... corporate insurance programs, administering the risk management program on a day-to-day basis ... Performs risk assessments in various clinical settings and inspects patient care areas. Maintains ...

... corporate insurance programs, administering the risk management program on a day-to-day basis ... Performs risk assessments in various clinical settings and inspects patient care areas. Maintains ...

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Insurance Risk Assessor information

See Arizona salary details

$18

$36

$62

How much do insurance risk assessor jobs pay per hour?

As of Aug 1, 2026, the average hourly pay for insurance risk assessor in Arizona is $36.05, according to ZipRecruiter salary data. Most workers in this role earn between $22.16 and $50.62 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as an Insurance Risk Assessor, and why are they important?

To thrive as an Insurance Risk Assessor, you need strong analytical skills, attention to detail, and a background in finance, mathematics, or a related field, often supported by a relevant degree or professional qualification. Familiarity with risk assessment software, data analysis tools, and industry regulations is typically required. Excellent communication, critical thinking, and negotiation skills help build trust with clients and collaborate effectively with underwriters and other stakeholders. These competencies ensure accurate risk evaluations, sound underwriting decisions, and the financial stability of insurance providers.

What does an Insurance Risk Assessor do?

An Insurance Risk Assessor evaluates the potential risks associated with insuring individuals or organizations. They analyze data, review applications, and assess factors like health, occupation, lifestyle, or business operations to determine the likelihood of a claim being made. Based on their findings, they recommend policy terms, coverage amounts, and premiums. Their work helps insurance companies manage risk and remain financially stable.

What is the difference between Insurance Risk Assessor vs Insurance Underwriter?

AspectInsurance Risk AssessorInsurance Underwriter
CredentialsCertifications like CPCU, ARM, or RIMSSimilar certifications often required
Work EnvironmentAnalyzing risk data, field inspections, office workEvaluating applications, decision-making, office-based
Industry UsageUsed in insurance companies, risk management firmsCore role in insurance companies, underwriting departments

Insurance Risk Assessors analyze potential risks to determine insurance eligibility and premiums, often conducting inspections and data analysis. Insurance Underwriters evaluate applications and decide on coverage terms. While both roles require similar credentials and work environments, Risk Assessors focus on risk analysis, whereas Underwriters make final coverage decisions.

What are some common challenges faced by Insurance Risk Assessors when evaluating complex or unconventional insurance applications?

Insurance Risk Assessors often encounter challenges when dealing with complex or unconventional insurance applications, such as those involving unique business models, high-value assets, or emerging risks like cyber threats. These cases require a deep understanding of industry trends, regulatory requirements, and the ability to analyze incomplete or ambiguous information. Collaborating closely with underwriters, actuaries, and sometimes external experts is essential to ensure accurate risk evaluation and fair premium pricing. Staying current with continuing education and industry developments helps assessors manage these complexities effectively.
What are popular job titles related to Insurance Risk Assessor jobs in Arizona? For Insurance Risk Assessor jobs in Arizona, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Assessor jobs in Arizona look for? The top searched job categories for Insurance Risk Assessor jobs in Arizona are:
Infographic showing various Insurance Risk Assessor job openings in Arizona as of July 2026, with employment types broken down into 25% Locum Tenens, 32% Full Time, 2% Part Time, 1% Contract, 39% Nights, and 1% Summer. Highlights an 87% Physical, 2% Hybrid, and 11% Remote job distribution, with an average salary of $74,979 per year, or $36 per hour.

Third-Party Risk Professional

Western Alliance Bancorporation

Phoenix, AZ โ€ข On-site

Full-time

Medical, Dental, Retirement

This job post hasย expired 1 day ago.ย Applications are no longer accepted.


Job description

Job Title:
Third-Party Risk Professional
Location:
Block 23
What you'll do:
As a Third-Party Risk Professional, you'll partner with business lines and third parties to support adherence to the Third-Party Risk & Controls (TPRC) program. You'll manage a portfolio of third-party relationships and engagements of moderate complexity and risk, helping ensure effective third-party oversight and compliance with regulatory requirements. In this role, you'll serve as the Third-Party Manager (TPM) for a portfolio of engagements. You'll partner with third-party engagement owners to conduct inherent risk analyses during onboarding and at required risk-based refresh and reassessment intervals. In addition, you'll coordinate and monitor the assessment process throughout onboarding and reassessment. In addition, you'll collect documentation from third parties and perform program-level due diligence activities. Working closely with business engagement owners, you'll follow up with third parties on outstanding requests and respond to clarifying questions from Risk Control Partners. In addition, you'll support the business in engaging Legal for contract review and provide guidance on contract signing authority to move engagements to active status. Once third-party engagements are onboarded, you'll work with the business to conduct risk-based ongoing monitoring like scorecards and service-level agreement monitoring.
  • Responsible for supporting the business in performing all activities across the TPRC lifecycle for a small and/or moderate-risk portfolio of third-party relationships.
  • Conduct inherent risk questionnaire workshops with business engagement owners to determine the inherent risk rating and in scope risk domains that defines necessary activities for onboarding due diligence or reassessment and ongoing monitoring.
  • Collect third-party documents in support of required due diligence or risk and control assessments.
  • Perform general due diligence activities like OFAC, financial health, prohibited entity checks, etc.
  • Confirm appropriate legal review and signatory authority on executed contracts. Identify service level agreements (SLAs) for tracking during ongoing monitoring.
  • Guide and supports the business in the documentation of exit strategies, performance scorecards, or other engagement-specific monitoring requirements.

What you'll need:
  • 4+ years of related experience in Vendor Management or similar field.
  • Bachelor's degree or equivalent experience required; Bachelor's degree in related field preferred.
  • Intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
  • Intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
  • Intermediate proficiency in Microsoft Word, Excel, and Outlook.
  • Intermediate experience working multiple, concurrent projects and carrying out assignments to completion within parameters of instructions given, prescribed routines, and standard accepted practices.
  • Advanced speaking and writing communication skills.
  • Certification(s) in COSO internal control framework, IT control objectives (COBIT) guidelines, NIST Cyber Security Framework, ISO 27001, PCI-DSS, GDPR, or GBLA preferred.

Benefits you'll love:
We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!
About the company:
Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands - Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank - that remain part of the company's heritage, as well as AmeriHome Mortgage, a Western Alliance Bank Company.
Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.
ยฉ Western Alliance Bancorporation