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Insurance Risk Consultant Jobs in Iowa (NOW HIRING)

We even offer pet insurance for your four-legged family members. * Early access to earned wages ... Provide risk management consultation and advice to executives, physicians, care providers and ...

We even offer pet insurance for your four-legged family members. * Early access to earned wages ... Provide risk management consultation and advice to executives, physicians, care providers and ...

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Insurance Risk Consultant information

See Iowa salary details

$23

$49

$81

How much do insurance risk consultant jobs pay per hour?

As of Jul 27, 2026, the average hourly pay for insurance risk consultant in Iowa is $49.74, according to ZipRecruiter salary data. Most workers in this role earn between $41.11 and $54.66 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 helps businesses and individuals identify, assess, and manage potential risks that could impact their financial wellbeing or operations. They analyze clients' current insurance policies, evaluate exposures to various risks, and recommend strategies to reduce or transfer those risks through insurance products or risk mitigation techniques. Their goal is to ensure clients have the appropriate coverage and risk management strategies in place. Insurance Risk Consultants often work with companies across various industries, providing expert advice on compliance, claims management, and loss prevention.

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.

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.
What are popular job titles related to Insurance Risk Consultant jobs in Iowa? For Insurance Risk Consultant jobs in Iowa, the most frequently searched job titles are:
Infographic showing various Insurance Risk Consultant job openings in Iowa as of July 2026, with employment types broken down into 1% Locum Tenens, 1% As Needed, 83% Full Time, 11% Part Time, and 4% Contract. Highlights an 87% Physical, 5% Hybrid, and 8% Remote job distribution, with an average salary of $103,465 per year, or $49.7 per hour.

Actuarial Associate, Insurance Risk Modeling

Careers at KKR

Des Moines, IA

$120K - $130K/yr

Other

Posted 12 days ago


Job description

Actuarial Associate, Insurance Risk Modeling 

Build the models that move the business 

If you love being hands-on with models - architecting them, breaking them, stress-testing them, and making them better - this role is built for you. As an Actuarial Associate on GA Risk's modelling team, you'll spend your days deep in the mechanics of insurance liability models that drive real decisions: how products are priced, how billions in liabilities are valued, how risk is hedged, and how the firm manages its balance sheet. You'll own models end to end and see your work shape live pricing and risk decisions. 

What makes this role different 

You won't be maintaining someone else's black box. You'll be developing and enhancing liability models directly in our risk platform, running stresses across GAAP, Stat, Econ, and Bermuda lenses to understand how liabilities behave under pressure, and building the analytical tools that let Risk challenge the status quo on modeling and pricing.  

You'll also sit close to the action. As new products launch and institutional transactions come onboard, you'll be the one bringing them onto the platform - which means you'll understand the full picture of both actuarial and market risk, not just a narrow slice of it. 

AI is going to be central in what you do.  It is already elevating everything the team does and you will be asked to explore and integrate with AI with your daily work in every way possible.   

What you'll do 

  • Develop and enhance insurance liability models in KKR Insurance Risk's liability modeling platform. 
  • Perform liability stresses under multiple lenses (GAAP / Stat / Econ / Bermuda), building a deep understanding of both actuarial and market risk. 
  • Onboard institutional transactions onto the Risk platform. 
  • Support new product launches and keep risk models current with rate changes and new product features 
  • Run validation and control reviews of actuarial and financial models, including critical assessment of the methodologies and assumptions behind them 
  • Build quantitative models and analytical tools that empower Risk to provide constructive challenges to current risk management, modeling, and pricing practices 
  • Communicate findings and their implications clearly to Risk's leadership and business stakeholders 

What you'll bring 

  • Bachelor's degree in quantitative disciplines 
  • 4 to 5+ years in a diversified life and annuity / financial or actuarial consulting environment 
  • 4 to 5+ years modeling insurance products, with a proven track record on complex products, ideally with MG-ALFA/Pathwise/PolySystem experiences.  
  • Clear, compelling communication skills, especially when translating technical concepts for both technical and non-technical audiences 

Nice to have: 

  • Professional designation such as FSA / ASA or CFA 
  • Working knowledge of life and annuity products 
  • Prior hedging or ALM experience 
    • Strong Python skills - highly desired.  

This role is not eligible for visa sponsorship now or in the future. 

This is the expected annual base salary range for this New York-based position. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.

Base Salary Range $120,000 - $130,000 

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