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Insurance Risk Consultant Jobs in Illinois (NOW HIRING)

... consultant to lead teams of risk consulting professionals in addressing our clients' needs. Key Responsibilities As a Senior Associate in the Financial Services Risk Consulting (Insurance) practice ...

Aon is looking for a Senior Property Risk Control for our Property Consulting Group This is a ... Applicant must be proficient in managing client, carrier, and insurance brokerage relationships.

Provide regulatory, insurance, risk management, underwriting expertise, and administrative captive management support. * Coordinate new placements and renewal efforts with brokers, consultants ...

Provide regulatory, insurance, risk management, underwriting expertise, and administrative captive management support. * Coordinate new placements and renewal efforts with brokers, consultants ...

General insurance support: * Assist with the preparation of monthly, quarterly, and annual risk ... Engage with lenders' insurance consultants to ensure project insurance compliance with applicable ...

General insurance support: * Assist with the preparation of monthly, quarterly, and annual risk ... Engage with lenders' insurance consultants to ensure project insurance compliance with applicable ...

General insurance support: * Assist with the preparation of monthly, quarterly, and annual risk ... Engage with lenders' insurance consultants to ensure project insurance compliance with applicable ...

Now part of Gallagher, a global leader in insurance, risk management, and consulting, you'll join a network of professionals committed to empowering individuals, businesses, and communities to thrive.

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Insurance Risk Consultant information

See Illinois salary details

$24

$51

$84

How much do insurance risk consultant jobs pay per hour?

As of Jun 16, 2026, the average hourly pay for insurance risk consultant in Illinois is $51.32, according to ZipRecruiter salary data. Most workers in this role earn between $42.40 and $56.39 per hour, depending on experience, location, and employer.

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

AspectInsurance Risk ConsultantInsurance Underwriter
CredentialsOften requires industry certifications like CPCU or ARMTypically holds similar certifications, sometimes with additional licensing
Work EnvironmentAdvises clients and analyzes risks for insurance companiesEvaluates applications and determines policy terms
Employer & Industry UsageConsulting firms, insurance companies, brokersInsurance companies, underwriting agencies

While both roles involve assessing risks, Insurance Risk Consultants focus on advising clients and analyzing complex risk scenarios, whereas Insurance Underwriters evaluate applications to determine policy eligibility and pricing. Understanding these differences helps in choosing the right career path or job search focus.

What does an insurance risk consultant do?

An insurance risk consultant evaluates potential risks that could affect an organization and advises on strategies to mitigate those risks. They analyze data, review policies, and may use risk assessment tools to help clients reduce financial losses and ensure compliance with regulations.

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

To thrive as an Insurance Risk Consultant, you need a strong background in risk assessment, analytical thinking, and a relevant degree such as finance, business, or actuarial science. Familiarity with risk modeling software, data analysis tools, and industry certifications like ARM (Associate in Risk Management) is typically required. Excellent communication, problem-solving abilities, and relationship-building skills help set top consultants apart. These skills are vital for accurately evaluating risk, advising clients effectively, and ensuring comprehensive risk mitigation strategies.

How much does a risk consultant earn?

Insurance risk consultants typically earn a median annual salary ranging from $70,000 to $100,000, depending on experience, location, and industry sector. Senior or specialized risk consultants with certifications like CPCU or ARM can earn higher salaries, often exceeding $120,000 annually.

How much do insurance risk advisors make?

Insurance risk consultants typically earn a median annual salary of around $70,000 to $100,000, depending on experience, location, and certifications. Senior or specialized advisors can earn higher, often exceeding $120,000 annually. Compensation may also include bonuses and benefits based on performance and client portfolio size.

What are some common challenges faced by Insurance Risk Consultants when assessing client risk profiles?

Insurance Risk Consultants often encounter challenges such as gathering accurate and comprehensive data from clients, keeping up with evolving regulatory requirements, and addressing complex or unique risk scenarios. Building trust with clients to obtain sensitive information and navigating diverse industries with varying risk exposures can also be demanding. Successful consultants overcome these obstacles through strong communication skills, continuous professional development, and close collaboration with underwriters, actuaries, and legal teams.

Does risk consulting pay well?

Risk consulting for insurance risk consultants generally offers competitive salaries that vary based on experience, location, and certifications such as CPCU or ARM. Entry-level positions may start lower, but experienced professionals with specialized skills can earn higher compensation, often including bonuses and benefits. Overall, it is considered a well-paying field within the consulting and insurance industries.
What are popular job titles related to Insurance Risk Consultant jobs in Illinois? For Insurance Risk Consultant jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Consultant jobs in Illinois look for? The top searched job categories for Insurance Risk Consultant jobs in Illinois are:
What cities in Illinois are hiring for Insurance Risk Consultant jobs? Cities in Illinois with the most Insurance Risk Consultant job openings:
Senior Associate, Risk Consulting (Insurance)

Senior Associate, Risk Consulting (Insurance)

RSM

Chicago, IL

$15.50 - $18.50/hr

Full-time

Posted 13 days ago


Job description

We are the leading provider of professional services to the middle market globally, our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled, culture and talent experience and our ability to be compelling to our clients. You'll find an environment that inspires and empowers you to thrive both personally and professionally. There's no one like you and that's why there's nowhere like RSM.

The Position

Due to rapid growth of our Financial Services Risk Consulting practice within the insurance industry and the evolving risk landscape of our clients, RSM is seeking a highly motivated senior consultant to lead teams of risk consulting professionals in addressing our clients' needs.

Key Responsibilities

As a Senior Associate in the Financial Services Risk Consulting (Insurance) practice at RSM, you'll be asked to consistently:

  • Model the core RSM values of respect, integrity, teamwork, excellence and stewardship in all interactions with clients and team members
  • Demonstrate your ability to:
    • Provide subject-matter expertise in risk consulting strategies and internal controls
    • Lead client engagement activities through the project lifecycle from initiation to close-out, including conducting risk assessments and client walkthroughs, preparing and reviewing work product, helping with process redesign and preparing client deliverables
    • Manage projects to successful completion through clear communication, expectation setting with stakeholders, deadline management, and within applicable resource and economic requirements.
    • Support multiple client projects simultaneously, while actively contributing to internal initiatives such as talent, practice, and business development
    • Leverage your understanding of the insurance industry and trends to effectively communicate leading risk management practices as your clients' trusted advisor
    • Communicate effectively with your internal management team and develop executive presence through interactions with senior management within RSM and our clients
    • Support our people - work collaboratively with others and provide on the job training to develop team members
    • Support our clients - conduct yourself in a professional manner and develop meaningful relationships with client personnel in order to maximize client value

Position Qualifications

  • Bachelor's or Master's Degree in business, accounting, engineering or related discipline.
  • A minimum of 2 years of experience working in the insurance industry as an internal auditor, controls specialist, claims specialist, underwriting specialist, management consultant with a minimum of 1 year at a public accounting or professional services firm.
  • Experience with leading projects across the three lines of defense and with various lines of business (e.g. CFO group, operations (claims, product, underwriting, actuarial) data, technology, regulatory compliance, risk management, internal audit)
  • Proficiency in word processing, spreadsheet, and presentation creation tools
  • Job relevant certification (e.g., ARM, CRM, CPA, CIA, CFE, PMP) preferred
  • Ability to travel to meet client needs.
  • Established experience in the financial services industry with a focus on insurance

At RSM, we offer a competitive benefits and compensation package for all our people.We offer flexibility in your schedule, empowering you to balance life's demands, while also maintaining your ability to serve clients.Learn more about our total rewards at https://rsmus.com/careers/working-at-rsm/benefits.

All applicants will receive consideration for employment as RSM does not tolerate discrimination and/or harassment based on race; color; creed; sincerely held religious beliefs, practices or observances; sex (including pregnancy or disabilities related to nursing); gender; sexual orientation; HIV Status; national origin; ancestry; familial or marital status; age; physical or mental disability; citizenship; political affiliation; medical condition (including family and medical leave); domestic violence victim status; past, current or prospective service in the US uniformed service; US Military/Veteran status; pre-disposing genetic characteristics or any other characteristic protected under applicable federal, state or local law.

Accommodation for applicants with disabilities is available upon request in connection with the recruitment process and/or employment/partnership.RSM is committed to providing equal opportunity and reasonable accommodation for people with disabilities. If you require a reasonable accommodation to complete an application, interview, or otherwise participate in the recruiting process, please call us at 800-274-3978 or send us an email at careers@rsmus.com.

RSM does not intend to hire entry level candidates who will require sponsorship now OR in the future (i.e. F-1 visa holders). If you are a recent U.S. college / university graduate possessing 1-2 years of progressive and relevant work experience in a same or similar role to the one for which you are applying, excluding internships, you may be eligible for hire as an experienced associate.

RSM will consider for employment qualified applicants with arrest or conviction records. For those living in California or applying to a position in California, please click here for additional information.

At RSM, an employee's pay at any point in their career is intended to reflect their experiences, performance, and skills for their current role. The salary range (or starting rate for interns and associates) for this role represents numerous factors considered in the hiring decisions including, but not limited to, education, skills, work experience, certifications, location, etc. As such, pay for the successful candidate(s) could fall anywhere within the stated range.

Compensation Range: $77,700 - $146,900

Individualsselected for this role will be eligible for a discretionary bonus based on firm and individual performance.