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Insurance Risk Consultant Jobs in Illinois (NOW HIRING)

ParetoHealth

Director, Risk Strategy

Chicago, IL

Assess alternative risk structures and determine whether/how Pareto should evolve captive ... tier consulting experience * 3-5 years in Product Management or Strategy in insurance (e.g ...

SageSure

Catastrophe Risk Analyst

Chicago, IL · On-site

Experience working within (re)insurance, ILS, consulting, or catastrophe model vendor environments ... Catastrophe Risk R&D: At SageSure, the Catastrophe Risk R&D team is redefining how the industry ...

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All JobsInsurance Risk Consultant JobsInsurance Risk Consultant Jobs in Illinois

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:
Insurance Risk Consultant jobs near you
Client Service Specialist - Construction Insurance

Client Service Specialist - Construction Insurance

Hylant

Chicago, IL

Full-time

Posted 22 days ago

Hylant rating

9.8

Company rating: 9.8 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

2nd of 261 rated insurance

Job description

The Opportunity:
The Client Service Specialist is responsible for providing a consistent level of service and support to identified clients and teams, handling or directing daily service needs while interacting in a consultative and collaborative way to deliver a best in class client experience resulting in client retention and growth while building long term relationships with our clients, colleagues, and vendor partners.
In This Role You Will Execute On:

  • Respond to and appropriately document routine client inquiries; escalate complex inquiries to more senior staff.

  • Process daily service needs such as change requests, endorsements, proofs, audits and other policy related documents.

  • Manage activities and follow-ups to document and accomplish open items in expected timeframe.

  • Review and process policies and endorsements for accuracy of coverage, policy, content, and form completion; address or escalate any discrepancies for resolution.

  • Assist and support new and renewal processes including gathering information, document preparation, binding, marketing, and other needs as directed.

  • Assist with client documentation preparation such as creating branded templates and developing basic content for proposals, stewardship, presentations, etc.

  • Leverage Hylant technology, tools and resources ensuring all internal systems, client portals, and assigned account details are proactively managed and meet client needs.

  • Assist in the research of invoicing and billing questions or issues.

  • Drive completion of Surplus Lines process for non-admitted placements including documentation and invoicing to ensure the Surplus Lines team can manage necessary and accurate state filings.

  • Perform other duties and special projects as requested.


In This Role You'll Need:

  • Bachelor's degree in business, insurance, risk management, or similar field of study. Equivalent combination of education and work experience may be considered.

  • Two (2) or more years of insurance client service experience.

  • Active Property & Casualty License

  • Intermediate Microsoft Office skills (Excel, Word, PowerPoint, and Outlook)

  • Basic analytical skills

  • Excellent attention to detail

  • Exception oral and written communication skills

  • Ability to work well in a team environment.


Why Hylant?

A multi-year recipient of Best Places to Work in Insurance, Hylant is a full-service insurance brokerage with over 20 offices in eight states. And since the founding of our family-owned business over 90 years ago, we made a promise to strengthen and protect the businesses, employees and communities of our client family by embracing them as our own. We're more than an insurance brokerage firm and you're more than a client, employee or neighbor. You're family. And that's just the way we treat you.

Hylant is proud to be an equal opportunity workplace. All qualified applicants will receive consideration for employment without regard to race, marital status, sex, age, color, religion, national origin, Veteran status, disability or any other characteristic protected by law. If you have a disability or special need that requires accommodation, please let us know. Hylant participates in E-Verify.

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