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Insurance Risk Consultant Jobs (NOW HIRING)

Operational Risk Consultant

Radnor, PA · On-site

$72K - $131K/yr

What you'll be doing • Maintains and maps key procedural controls to defined risk scenarios for ... in the insurance and/or financial services industry directly aligned to the specific ...

Consultant - Risk Consulting

Morristown, NJ · Remote

$84.40 - $85.59/hr

Complex Liability Coverage Consultant LHH is seeking a Complex Liability Coverage Consultant for a ... Review insurance policies and historical coverage programs to identify recovery opportunities and ...

Operational Risk Consultant

Radnor, PA · Hybrid

$72K - $131K/yr

What you'll be doing Maintains and maps key procedural controls to defined risk scenarios for each ... in the insurance and/or financial services industry directly aligned to the specific ...

Showing results 41-60

Insurance Risk Consultant information

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$25

$52

$86

How much do insurance risk consultant jobs pay per hour?

As of Aug 17, 2026, the average hourly pay for insurance risk consultant in the United States is $52.96, according to ZipRecruiter salary data. Most workers in this role earn between $43.75 and $58.17 per hour, depending on experience, location, and employer.

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?

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 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.

Does insurance risk consulting pay well?

Insurance risk consultants typically earn competitive salaries that vary based on experience, location, and certifications such as CPCU or ARM. Entry-level positions may start around $60,000 annually, while experienced professionals can earn over $100,000, especially with specialized skills and advanced degrees.
More about Insurance Risk Consultant jobs

What cities are hiring for Insurance Risk Consultant jobs?

Cities with the most Insurance Risk Consultant job openings:

What states have the most Insurance Risk Consultant jobs?

States with the most job openings for Insurance Risk Consultant jobs include:

Infographic showing various Insurance Risk Consultant job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 73% Full Time, 21% Part Time, and 5% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $110,156 per year, or $53 per hour.

Full-time

Re-posted 3 days ago


Northwestern Mutual rating

8.0

Company rating: 8.0 out of 10

Based on 75 frontline employees who took The Breakroom Quiz

164th of 309 rated insurance


Job description

About the Job:
  • Evaluates Real Estate investments to ensure compliance with architectural, construction and environmental risk policies for the Real Estate Investment Department within the mortgage loan portfolio and select equity investments within the equity portfolio as directed by the Director of Environmental and Architectural Services.
  • Manages the consultation processes within specifically assigned MSAs in conducting and reviewing due diligence for both Property Condition Assessments, Environmental Site Assessments and Seismic Risk Analyses.
  • Assists, communicates and advises business teams in the management and accounting of acceptable risks within the portfolios and against individual underwriting analyses.
  • Monitors construction quality and schedules with developers and partners on construction projects and approves changes/modifications to same.
  • Regularly contracts, hires and manages outside consulting firms for third party evaluations.
  • Responsible for understanding the entire Construction Draw management system, including reconciling development budgets and draw requests, attending construction draw meetings, and verifying construction status on individual projects on an as needed basis to assist the Construction Audit group.
  • Evaluate and enforce policies and procedures for architectural and environmental due diligence process.
  • Advise Director of ACE on potential deviations from policies and procedures and assist in amicable resolution thereof.
  • Provide Production Team with economic evaluation of capital expenditures and management of environmental risks and deferred maintenance.
  • Reviews and approves requested documentation including drawings/specifications, surveys, soils reports, consultants reports, and other documents to provide analysis as necessary to close new investments per established schedules.
  • Reviews and approves construction related documentation (design and construction contracts, budgets, soils reports, drawings and specifications) prior to construction commencement, monitors compliance, progress and quality during construction.
  • Hire and manage, nationally, consulting firms on a project by project basis to manage due diligence process. Interpret outcomes and discuss/debate issues with external consultants, Borrower's consultants and legal counsel, and represent Northwestern Mutual in a professional and ethical manner. Effectively manage costs associated with hiring third party consultants.
  • Provide timely support to Closing Unit including performing daily database entries to ensure adequate communication and management of transactions.
  • Where appropriate, ensure appropriate disbursement of construction loan and equity fundings.
  • Participates in deal review process for all new investments.

What you will Bring to the Role:
  • A bachelor's degree in architecture, engineering, environmental, or construction management with direct, relevant real estate experience working with institutional investors and lending of a minimum of 7 years.
  • Candidates with longer, more specific real estate experience in lieu of educational experience may also be considered.
  • Knowledge of multiple building types and potential issues regarding each type (high rise, mid rise, industrial/flex space, garden apartments, etc.) is required.
  • Strong communication skills are a must, and courage to defend protocols established within Real Estate Services is mandatory.
  • Cross training to various disciplines described herein is required, and willingness to train (including internal and external classes) is a requirement. Must be willing and able to be located in the Northwestern Mutual Home Office Campus in Milwaukee, WI.
  • Short term national travel is required on a scheduled and unscheduled basis. Personal life flexibility must account for this need.
  • Specific experience working within and for an institutional investor will be given highest prioritization.

#LI-Hybrid
Compensation Range:
We believe in fairness and transparency. It's why we share the salary range for most of our roles. However, final salaries are based on a number of factors, including the skills and experience of the candidate; the current market; location of the candidate; and other factors uncovered in the hiring process. The standard pay structure is listed.
Grow your career with a best-in-class company that puts our clients' interests at the center of all we do. Get started now!
Northwestern Mutual is an equal opportunity employer that welcomes talented individuals of all backgrounds. We are committed to creating and maintaining an environment in which each employee can contribute creative ideas, seek challenges, assume leadership and continue to focus on meeting and exceeding business and personal objectives.
If you work or would be working in California, Colorado, New York City, Washington or outside of a Corporate location, please click here for additional information pertaining to compensation and benefits.

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About Northwestern Mutual

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Northwestern Mutual has been helping families and businesses achieve financial security for over 160 years through a distinctive planning approach that integrates risk management with wealth accumulation, preservation, and distribution. With more than $290 billion in assets, $30 billion in revenues and more than $1.9 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to more than 4.6 million clients. People are the power behind Northwestern Mutual, and diversity makes us better. We are committed to reflecting and serving the marketplace. We do so by attracting and improving the engagement of those who bring their outstanding perspectives, ideas, and beliefs.

Industry

Finance and insurance

Company size

5,001 - 10,000 Employees

Headquarters location

Milwaukee, WI, US