ZipRecruiter

Log In

1

Insurance Risk Engineer Jobs in Massachusetts (NOW HIRING)

Jj

Director, Corporate Risk Management

Raynham, MA · On-site

Update senior management on key insurance matters. Provide leadership for the establishment ... Bachelor's degreerequired(e.g., Business, Finance, Engineering, Risk Management, or related field)

Biogen

PO&T Risk Management Lead

Cambridge, MA · On-site

$151K - $208K/yr

Master's Degree in Science, Engineering, Supply Chain Management, Business Administration, or ... Medical, Dental, Vision, & Life insurances * Fitness & Wellness programs including a fitness ...

Dennis Group

Contracts Administrator I

Springfield, MA · On-site

Insurance & Risk Support * Request, review, and track vendor certificates of insurance (COIs) to ... About Us We plan, design, engineer, and build food plants for major brands across the country and ...

Iberdrola

Analyst, Credit - Ld/Sr

Boston, MA · On-site

Insurance/Risk (for surety and guarantee oversight), * Accounting teams (for cash postings and ... Bachelor's degree in Finance, Accounting, Economics, Engineering, or related field of study and a ...

next page

Showing results 1-20

People also search for

All JobsInsurance Risk Engineer JobsInsurance Risk Engineer Jobs in Massachusetts

Insurance Risk Engineer information

See Massachusetts salary details

$42.6K

$111.1K

$150.2K

How much do insurance risk engineer jobs pay per year?

As of Jun 3, 2026, the average yearly pay for insurance risk engineer in Massachusetts is $111,126.00, according to ZipRecruiter salary data. Most workers in this role earn between $91,700.00 and $127,200.00 per year, depending on experience, location, and employer.

What does an Insurance Risk Engineer do?

An Insurance Risk Engineer assesses potential risks associated with a business or property to help insurers make informed underwriting decisions. They analyze safety protocols, operational procedures, and structural conditions to identify hazards and recommend risk mitigation strategies. Their goal is to minimize potential losses for both the insurer and the policyholder by implementing effective preventive measures. Risk engineers often conduct site inspections, review compliance with industry regulations, and provide detailed reports to underwriters. This role requires a strong understanding of engineering principles, risk assessment methodologies, and industry-specific safety standards.

What are the key skills and qualifications needed to thrive in the Insurance Risk Engineer position, and why are they important?

To thrive as an Insurance Risk Engineer, you need a solid background in engineering or a related technical field, strong analytical abilities, and in-depth knowledge of risk assessment methodologies. Familiarity with risk modeling software, industry safety codes, and certifications such as CFPS (Certified Fire Protection Specialist) or ARM (Associate in Risk Management) is highly valued. Exceptional communication, problem-solving skills, and attention to detail are key soft skills for effectively interacting with clients and translating complex technical findings. These competencies ensure accurate risk evaluations, support underwriters, and help mitigate losses, ultimately protecting both insurers and their clients.

What are the typical daily responsibilities of an Insurance Risk Engineer?

Insurance Risk Engineers commonly spend their days conducting on-site risk assessments of commercial and industrial properties, analyzing data to identify potential hazards, and preparing detailed risk evaluation reports for underwriters and clients. They often meet with property managers, safety officers, and other stakeholders to discuss best practices and recommend loss prevention measures. The role may involve occasional travel to client locations and close collaboration with underwriting and claims teams. This dynamic work environment enables continuous learning and opportunities to make tangible impacts on risk management outcomes.

What are the 4 types of risk insurance?

In the insurance industry, the four main types of risk insurance are property insurance, liability insurance, health insurance, and life insurance. Insurance risk engineers often evaluate these categories to assess potential exposures and develop risk mitigation strategies for clients across various sectors.
More about Insurance Risk Engineer jobs
What are popular job titles related to Insurance Risk Engineer jobs in Massachusetts? For Insurance Risk Engineer jobs in Massachusetts, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Engineer jobs in Massachusetts look for? The top searched job categories for Insurance Risk Engineer jobs in Massachusetts are:
Insurance Risk Engineer jobs near you
Infographic showing various Insurance Risk Engineer job openings in Massachusetts as of May 2026, with employment types broken down into 91% Full Time, and 9% Part Time. Highlights an 73% In-person, and 27% Remote job distribution, with an average salary of $111,126 per year, or $53.4 per hour.
Quantitative Risk Analyst, Model Risk Management, Assistant Vice President

Quantitative Risk Analyst, Model Risk Management, Assistant Vice President

State Street Corporation

Boston, MA • On-site

$90K - $157.50K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 8 days ago

Job description

JOB DESCRIPTION
State Street Investment Management (State Street IM) Model Risk Management (MRM) function is seeking a Quantitative Risk Analyst to join its State Street IM Model Validation team based in Boston, MA. The Quantitative Risk Analyst will conduct model validation to ensure model risks are correctly identified, assessed, and managed across the global asset management business. Diverse product knowledge including index products, ETFs, responsible investing as well as experience in the general risk areas covering credit, liquidity, market and operational risk, securities finance, asset management, and stress testing is important.
Specific tasks performed during model reviews include:
  • Review the model workflow and identify gaps in model methodology, development, implementation, and usage process and documentation
  • Challenge the model methodology by testing its assumptions and parameters; independently evaluate model performance and perform benchmarking; suggest areas for improvement
  • Collaborate with portfolio managers, traders, researchers, model developers, IT, and Corporate Model Risk Management to conduct independent validation as well as annual reviews of models supporting State Street IM business and company-wide strategic initiatives
  • Review and assess model changes and conduct targeted validation on significant model changes
  • Evaluate remediation submissions and ongoing monitoring of models
  • Identify, assess, and report model risks on individual model and aggregate level to management through validation reports and other MRM reporting

Job Qualifications:
  • MS or PhD in Finance, Economics, Financial Engineering, Statistics, Math, or related field
  • Excellent quantitative modeling, analytical, research, and programming skills (e.g., R, Python, MATLAB, SQL)
  • Deep knowledge of economic theory and empirical finance across a broad range of products and asset classes
  • Strong understanding of the asset management business and its modeling philosophy, including factor models
  • Proven ability to leverage LLMs/GenAI or their applications in day-to-day work and model review activities
  • Solid understanding of Model Risk Management Framework including SR 11-7 and other regulatory guidance related to the model risk management
  • Strong written and verbal communication skills
  • Strong project management skills exemplified by the ability to work independently on multiple projects and meet deadlines

Salary Range:
$90,000 - $157,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Employees are eligible to participate in State Street's comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you'll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Discover more information on jobs at StateStreet.com/careers
Read our CEO Statement
Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
State Street logo

About State Street

Sourced by ZipRecruiter

State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Boston, MA, US

Year founded

1792

Social media

FacebookTwitter

View All State Street Jobs

Apply