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Insurance Risk Consultant Jobs in Chicago, IL (NOW HIRING)

Invenergy LLC

Manager, Insurance (Captive)

Chicago, IL · On-site

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

Invenergy

Manager, Insurance (Captive)

Chicago, IL · On-site

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

Invenergy

Associate, Insurance

Chicago, IL

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 ...

Invenergy LLC

Associate, Insurance

Chicago, IL · On-site

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 ...

Invenergy LLC

Associate, Insurance

Chicago, IL

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 ...

Invenergy

Associate, Insurance

Chicago, IL · On-site

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 ...

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Showing results 1-20

All JobsInsurance Risk Consultant JobsInsurance Risk Consultant Jobs in Chicago, IL

Insurance Risk Consultant information

See Chicago, IL salary details

$25

$54

$89

How much do insurance risk consultant jobs pay per hour?

As of Jul 17, 2026, the average hourly pay for insurance risk consultant in Chicago, IL is $54.56, according to ZipRecruiter salary data. Most workers in this role earn between $45.05 and $59.90 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 Chicago, IL? For Insurance Risk Consultant jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Consultant jobs in Chicago, IL look for? The top searched job categories for Insurance Risk Consultant jobs in Chicago, IL are:
Insurance Risk Consultant jobs near you
Infographic showing various Insurance Risk Consultant job openings in Chicago, IL as of July 2026, with employment types broken down into 2% Locum Tenens, 86% Full Time, 9% Part Time, and 3% Contract. Highlights an 89% Physical, 3% Hybrid, and 8% Remote job distribution, with an average salary of $113,476 per year, or $54.6 per hour.
Supervisor, Risk Consulting (Insurance)

Supervisor, Risk Consulting (Insurance)

RSM

Chicago, IL

Full-time

Re-posted 15 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

As a Supervisor in RSM's growing Financial Services Risk Consulting Practice, you will have the opportunity to draw from your experience and knowledge while continuing to grow your leadership skills through a high degree of client and industry exposure, career development and mentorship opportunities, and a diverse and inclusive culture. The fast-paced and dynamic environment in which we operate will provide you with daily challenges and exciting opportunities.

Key Responsibilities

Contributions to Firm Culture

  • Model the core RSM values of respect, integrity, teamwork, excellence and stewardship in all interactions with clients and team members
  • Lead teams in identifying out of the box solutions to complex issues. Encourage innovative thinking from seniors and associates
  • Support RSM's goals around diversity and inclusion by nurturing an environment that understands individuality, promotes authenticity, and values varied perspective in arriving at solutions

Client Experience

  • Identify current and relevant insurance industry thought leadership and incorporate this into client service
  • Leverage your understanding of the insurance industry and trends to effectively communicate leading risk management practices as your clients' trusted advisor
  • Independently implement and coach others on foundational industry policies, procedures, and work-programs
  • Own process level client relationships and collaboration with external stakeholders
  • Draft test plans or work programs for review by senior members of the team
  • Create/review narratives or flowcharts for a process
  • Identify and review all risks and controls for a process as needed
  • Perform review of staff work for accuracy, completeness, and well-reasoned conclusions
  • Manage budgets and provide accurate analysis of estimates to complete to engagement leader
  • Master and accurately explain or apply the following: IIA Professional Standards, Internal Methodology, Insurance Industry specific guidelines/requirements (as applicable)
  • Have the ability to support multiple client projects simultaneously, while actively contributing to other firm initiatives
  • Participate in relevant insurance industry associations and events to develop and/or maintain industry focus and relationships

Talent Experience

  • Encourage colleagues to think creatively, strive for growth through development opportunities, and maximize results while working within a team environment
  • Proactively seek out opportunities to learn from or teach team members, build a coaching/mentoring network and take advantage of training opportunities to continually expand skills and demonstrate leadership capability
  • Maintain willingness to give and receive candid feedback in both written and verbal form. Commit to self-development in response to constructive feedback received.
  • Provide assistance, guidance, mentoring and feedback to staff assigned to work with you
  • Support recruiting efforts by understanding and promoting the RSM brand and developing the ability to accurately assess talent

Business Development

  • Actively participate in relevant insurance industry associations and events
  • Build an internal network and actively demonstrate familiarity with other services provided by the firm
  • Contribute to new pursuits by teaming and developing proposals
  • Identify new client opportunities or identify subject matter resources to introduce to existing client relationships

Position Qualifications

  • Bachelor's or Master's Degree in business, engineering, accounting or related discipline.
  • Minimum of 4 years of experience in insurance, audit, internal audit or related internal control positions
  • Proficiency in professional writing, spreadsheet, and presentation creation tools
  • Job relevant certification (e.g., ARM, CRM, CPA, CIA) preferred
  • Ability to travel to meet client needs and work collaboratively with others in-person and remotely
  • Effective communication skills, both verbally and in writing
  • Effective time management and prioritization skills
  • Established experience in the insurance industry (claims, product, underwriting, distribution, etc.)

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: $88,900 - $168,300

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

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