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Insurance Risk Engineer Jobs in Philadelphia, PA

Venerable

AVP Asset Risk & Analytics

West Chester, PA · On-site

Demonstrated knowledge of insurance company portfolio management, asset-liability management ... Significant relevant investment, actuarial, programming, and/or modeling experience * Advanced ...

NJM Insurance Group

Quality Engineer

Trenton, NJ · On-site

$83K - $97K/yr

Perform manual and automated testing to ensure alignment with software requirements, risk ... Experience in P&C Insurance Domain * Experience using Agentic AI-based testing tools to support ...

NJM Insurance Group

Senior Quality Engineer

Trenton, NJ · On-site

$100K - $116K/yr

Perform manual and automated testing to ensure alignment with software requirements, risk ... Experience in P&C Insurance Domain * Experience with Guidewire Insurance Suite * Experience using ...

Wood Plc

Water Resources Engineer

Blue Bell, PA · Remote

$75K - $103K/yr

... Insurance Program (NFIP) experience to join our highly collaborative team ... The successful candidate will provide FEMA NFIP program support associated with flood risk analysis ...

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Insurance Risk Engineer information

See Philadelphia, PA salary details

$37.3K

$97.2K

$131.4K

How much do insurance risk engineer jobs pay per year?

As of Jun 7, 2026, the average yearly pay for insurance risk engineer in Philadelphia, PA is $97,247.00, according to ZipRecruiter salary data. Most workers in this role earn between $80,300.00 and $111,300.00 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 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.

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 Philadelphia, PA? The most popular types of Insurance Risk Engineer jobs in Philadelphia, PA are:
What are popular job titles related to Insurance Risk Engineer jobs in Philadelphia, PA? For Insurance Risk Engineer jobs in Philadelphia, PA, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Engineer jobs in Philadelphia, PA look for? The top searched job categories for Insurance Risk Engineer jobs in Philadelphia, PA are:
Insurance Risk Engineer jobs near you

AVP Asset Risk & Analytics

Venerable

West Chester, PA • On-site

Full-time

Posted 20 hours ago

Job description

As our AVP of Asset Risk & Analytics, you will contribute to and support risk management of the General Account investment portfolios of Venerable. This includes understanding all aspects of the investment portfolio, analyzing investment strategies, advising and interfacing with internal and external parties which includes external Investment Managers, external modeling and analytics providers as well as internal Venerable Investment, Risk and Finance functions, Actuarial teams, and Venerable senior management
You will have responsibility for modeling, monitoring, and reporting on Venerable's general account asset and investment risks encompassing liquidity, capital, and earnings / economic. Specifically, this individual will lead a team responsible for monthly portfolio risk reporting, investment risk scenario generation and stress testing, general account asset modeling for inforce and reinvestment assets, and maintenance of Venerable's investment risk framework.
Primary Responsibilities:
Lead the asset risk and analytics function at Venerable, including hiring, managing, and developing a team of investment, actuarial, and quantitative professionals. Key department functions:
  • Oversee asset risk management in Venerable's general account portfolios
  • Support the development, production, maintenance, and enhancement of general account asset portfolio analytics and risk reporting
  • Develop, implement, and maintain investment and asset risk assumptions, scenarios, and stress tests
  • Oversee general account asset modeling for existing and reinvestment assets
  • Develop, implement, and maintain investment risk framework at Venerable for general account portfolios

Specific Responsibilities:
  • Develop and enhance the management of Risk exposures of the investment portfolios; this includes measuring, monitoring, and analyzing the investment risk exposures, performing risk stress analysis, and analyzing potential hedging strategies and their integration with the larger investment strategy
  • Support and enhance Venerable's Liquidity Management, by working with internal and external parties to establish and maintain a comprehensive Liquidity Management framework
  • Research and develop methodologies and models to quantify, assess, and monitor market and financial risks with a focus on liquidity, capital, and earnings / economic value
  • Develop and utilize code libraries for portfolio optimization, investment strategy research, statistics, optimization problems, analytics, and attributions
  • Apply scalable technology to support the Investment Management, Risk, and Finance departments
  • Support comprehensive Investment and Risk reporting to senior management and the Investors
  • Communicate and explain investment analytics & stress test results and components of reported risk metrics
  • Provide clear direction and ownership of asset modeling assumptions used in the actuarial projection models at Venerable
  • Contribute to the partnership with Risk Management to analyze risk, ALM, and hedging strategies for specific liability types and their integration within Venerable's investment and hedging strategies
  • Ownership of bespoke business systems & models
  • Maintain an understanding of product liability structures and managing the investment portfolios to meet any asset/liability management needs
  • Provide input to investment assumptions that support actuarial projection models
  • Manage large data sets, organizing data, working on database optimization, etc. in partnership with the Investment Data Strategy and Management team
  • Maintain knowledge about industry/peer activities and trends in investment portfolios and an understanding of the implications for our business

Key Qualifications:
  • Minimum 7 years of progressive experience in a highly technical quantitative field (Mathematics, Computer Science, Finance, Actuarial Science, Investments, Research) with an orientation toward investment risk & analysis
  • Advanced education, CFA, ASA, FSA, or Ph.D in a quantitative discipline, a plus
  • Demonstrated knowledge of insurance company portfolio management, asset-liability management, hedging, and derivatives
  • Significant relevant investment, actuarial, programming, and/or modeling experience
  • Advanced knowledge of Fixed Income investment products, capital markets, asset modeling, and risk management
  • Knowledge of VA product features and embedded optionality
  • Strong knowledge of systems design and development principles. OOP, abstraction, modularity, reusability, etc.
  • Demonstrated ability to lead a diverse team of professionals
  • Strong quantitative/analytic reasoning and problem-solving abilities
  • Ability to conceptualize/understand and implement novel ideas based on sound theoretical foundations into concrete business solutions
  • Ability to multi-task and pivot efficiently as the market or business landscape changes
  • Proven track record of constant process improvement and innovation
  • Exceptional oral and written communication skills, with strong interpersonal skills to interact effectively across Venerable and with senior management
  • Demonstrated ability to deliver results under pressure in a tight timeframe
  • Excellent facilitation, organization, and interpersonal skills
  • Ability to manage and negotiate competing priorities and deadlines, strong management orientation and problem-solving skills, and able to work in fast-paced entrepreneurial environment
  • Preferred programming skills: R, Python, VBA, Excel, SQL

#LI-DP1
#greaterphiladelphia
#hybrid
Venerable Values:
Every position at Venerable has responsibility for living out the company's values as described here:
We are Courageous - We think critically, ask "why?" and seek out creative solutions.
We are Curious - We take calculated risks, learn from out failures, and challenge traditional ways of thinking.
We are Connected - We are connected to each other, our customers and our community.
Please note: The use of AI tools (such as ChatGPT or similar platforms) during interviews is not permitted without the prior approval of Venerable, as the use of such tools may interfere with company confidentiality, misrepresent a candidate's skills and experience or otherwise conflict with Venerable's hiring policies. If you are selected for an interview and a reasonable accommodation is needed, please notify the Venerable Human Resources recruiter aligned to the open position in which you are interviewing for.
If Venerable, in its sole discretion, determines that AI is being used during an interview without prior approval, Venerable reserves the right to end the interview early and/or disqualify a candidate.

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