ZipRecruiter

Log In

1

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

SageSure

Catastrophe Risk Analyst

Chicago, IL · On-site

... Engineering, Applied Mathematics, Statistics, or a related quantitative field. * 32-5 years of experience in catastrophe modeling, natural hazard risk research, insurance analytics, or a related ...

Origami Risk LLC

Site Reliability Engineer

Chicago, IL · On-site +1

$100K - $120K/yr

Overview The Site Reliability Engineer is a key force behind improving Origami's time to resolution ... Fully Paid by Origami Risk - Vision insurance, Short & Long-Term Disability Insurance, and Basic ...

Hanchey

Senior Environmental Consultant

Chicago, IL · On-site

Maintain a broad technical expertise in environmental risk evaluations and environmental insurance coverages. * Collaborate with internal and external engineers and environmental scientists in ...

Robinhood

Futures Risk Program Manager

Chicago, IL · On-site

... programming tools to identify trends and quantify risk exposures; * Utilize industry-standard ... Employer-paid life & disability insurance, fertility benefits, and mental health benefits * Time ...

Robinhood

Futures Risk Program Manager

Chicago, IL · On-site

... programming tools to identify trends and quantify risk exposures; * Utilize industry-standard ... Employer-paid life & disability insurance, fertility benefits, and mental health benefits * Time ...

SageSure

Senior Catastrophe Risk Analyst

Chicago, IL · On-site

... Engineering, Applied Mathematics, Statistics, or a related quantitative field. * 5+ years of experience in catastrophe modeling, natural hazard risk research, insurance analytics, or a related field.

RSM

Senior Associate, Risk Consulting (Insurance)

Chicago, IL · On-site

$15.50 - $18.50/hr

Key Responsibilities​ As a Senior Associate in the Financial Services Risk Consulting (Insurance ... Bachelor's or Master's Degree in business, accounting, engineering or related discipline. * A ...

next page

Showing results 1-20

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

Insurance Risk Engineer information

See Chicago, IL salary details

$40.2K

$104.9K

$141.8K

How much do insurance risk engineer jobs pay per year?

As of Jul 3, 2026, the average yearly pay for insurance risk engineer in Chicago, IL is $104,902.00, according to ZipRecruiter salary data. Most workers in this role earn between $86,600.00 and $120,100.00 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 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 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 most commonly searched types of Insurance Risk Engineer jobs in Chicago, IL? The most popular types of Insurance Risk Engineer jobs in Chicago, IL are:
What are popular job titles related to Insurance Risk Engineer jobs in Chicago, IL? For Insurance Risk Engineer jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Engineer jobs in Chicago, IL look for? The top searched job categories for Insurance Risk Engineer jobs in Chicago, IL are:
Insurance Risk Engineer jobs near you
Infographic showing various Insurance Risk Engineer job openings in Chicago, IL as of June 2026, with employment types broken down into 67% Full Time, and 33% Part Time. Highlights an 100% In-person job distribution, with an average salary of $104,902 per year, or $50.4 per hour.
Portfolio Risk Associate, Risk & Analytics

Portfolio Risk Associate, Risk & Analytics

Avant LLC

Chicago, IL • On-site

$77K - $115K/yr

Full-time

Medical, Dental, Vision, Retirement

Posted 28 days ago

Job description

Avant is looking for a Portfolio Risk Associate to join our Risk & Analytics team. We are seeking a motivated and analytically driven candidate who is passionate about problem-solving, customer behavior analysis, and portfolio performance monitoring. This person will play an important role in supporting portfolio risk monitoring and insight generation across the credit lifecycle while partnering closely with teams across Originations Risk and Account Management Risk.
This role is ideal for someone who enjoys combining analytics, business understanding, and strategic thinking to help drive data-informed decisions in a fast-paced fintech environment.
What you'll do at Avant:
  • Analyze portfolio trends, customer behavior, and credit performance across originations and existing accounts
  • Support portfolio monitoring through recurring analyses, reporting, and strategic insight generation
  • Identify emerging risks, behavioral trends, and performance shifts within the portfolio
  • Conduct deep dive analyses on delinquency trends, utilization behavior, payment patterns, profitability metrics, and customer segments
  • Partner with Originations Risk and Account Management teams to evaluate portfolio performance and strategy impacts
  • Mine and analyze large datasets using SQL and Python to support business decisions and risk monitoring initiatives
  • Build and maintain dashboards, analytical datasets, and reporting frameworks
  • Translate analytical findings into clear business insights and recommendations for leadership
  • Perform ad hoc analyses related to portfolio strategy, growth initiatives, and macroeconomic trends
  • Collaborate cross-functionally with Risk, Finance, Data Engineering, Product, and other internal teams

Why you're at fit at Avant:
  • Bachelor's or Master's degree in Finance, Economics, Statistics, Mathematics, Data Analytics, Computer Science, Engineering, or a related quantitative field
  • 1-3 years of experience in analytics, strategy, risk, financial services, or a related quantitative field preferred
  • Strong analytical, problem-solving, and critical thinking skills
  • Experience with SQL and Python preferred
  • Ability to communicate analytical findings clearly to both technical and non-technical audiences
  • Comfortable working with large datasets and ambiguous business problems
  • Interest in consumer lending, credit risk, portfolio analytics, customer behavior analytics, or fintech preferred

This role is based on our downtown Chicago Office, located in the Merchandise Mart. We highly value collaboration and our hybrid schedule (M, T, Th in-office) enables flexibility to balance work and individual priorities.
Compensation Range:
The base salary range for this job is USD $77,000 - USD $115,000/ Year
Employees new to Avant typically come in below the midpoint of the pay range. The compensation range is based on the level outlined in the job posting, and compensation decisions are dependent on each applicant's experience, skills and abilities.
[If an outstanding applicant's experience and skill level is above or below the qualifications outlined in the job posting, we reserve the right to make an offer at a different level than the one listed in this job posting, which may have a different compensation range.]
This role is eligible for additional incentives, including an annual bonus. These rewards are allocated based on level, impact and performance in the role.
Our benefits include:
  • Choice of great Medical, Dental, and Vision Insurance Plan options
  • 401(k) match
  • Flexible Time Off
  • Flexible Work Environment - (i.e. Mon/Tues/Thurs in-person)
  • Generous Paid Parental Leave, Adoption Assistance and Post-parental leave ramp-up program
  • Lunch Allowance (Fooda) and In-office Snacks
  • Summer Fridays
  • Fun In-Office and Virtual Social Events
  • And who doesn't love the swag

Check out our Avant Blog!
We believe that a diverse set of backgrounds and experiences helps us create the most innovative solutions for our customers. We invite you to apply to our positions even if you do not meet 100% of the qualifications listed in the description. If you're passionate about our mission and aligned to our values, we hope you'll come contribute to our awesome culture.
Why Avant is the place for you:
At Avant, we believe our values make a difference:
Authenticity. We show up to work as our whole selves and make sure others can too.
Collaboration. We can only succeed when we do so as a team.
Problem-Solving. The harder the problem, the more satisfying the solution.
Customer. We are all owners of the customer experience.
Initiative. Plan. Adapt. Get Sh!t Done.
We believe that great ideas come from anyone and anywhere, that everyone is an owner who drives change, and that we have more fun when we work together. We're problem solvers who love collaborating with intelligent and highly-motivated people to reshape the face of digital banking. Avant offers terrific perks and benefits, fun social events with employees who actually like hanging out together, and a flexible growth environment where trying your hand at new projects and being the active owner of your career path is encouraged and supported.
To learn more about how Avant collects and uses your personal information, please see the Avant Privacy Policy.

Apply