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Insurance Risk Manager Jobs in Connecticut (NOW HIRING)

Ascend Bank

Asset Quality Risk Manager

Wallingford, CT · On-site

Oversees collateral valuation, appraisal, and insurance processes and condition monitoring, and ... proactively manage risk. * Proficiency with bank systems, reporting platforms, and emerging ...

New

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Robert Half

Life Insurance Underwriter

New Haven, CT · On-site

$85K - $95K/yr

We're seeking a detail-oriented Underwriter to join our growing team and help assess and manage individual life insurance risk. We need help guiding by our mission, we've donated $1.7B+ over the past ...

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IFG Companies

Risk Management Actuary

Hartford, CT · On-site

$150K - $200K/yr

S. college/university, with a major or coursework in insurance, risk management, economics, actuarial science, or related fields. * Required: At least ten (10) years of experience in the Property ...

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Diedre Moire Corp.

Insurance Underwriter

Bridgeport, CT · On-site

$100K - $300K/yr

Required: • Bachelors in Economics, Finance, Insurance, Risk Management, Business Administration, or similar field. • 2+ years of Excess - Umbrella, Excess & Surplus, Commercial, or similar ...

AQR

2027 Risk Summer Analyst

Greenwich, CT · On-site

AQR Capital Management AQR is a global investment firm built at the intersection of financial ... The Team AQR's Risk Management team has direct responsibility for monitoring and managing market ...

AQR

2027 Risk Summer Analyst

Greenwich, CT

AQR Capital Management AQR is a global investment firm built at the intersection of financial ... The Team AQR's Risk Management team has direct responsibility for monitoring and managing market ...

Berkley

Senior Analyst/Analyst, ERM

Greenwich, CT

Insurance and Reinsurance and Monoline Excess. The Company is an equal employment opportunity employer. Enterprise Risk Management (ERM) Team Our key risk management aim is to maximize Berkley ...

Berkley

Senior Analyst/Analyst, ERM

Greenwich, CT · On-site

Insurance and Reinsurance and Monoline Excess. The Company is an equal employment opportunity employer. Responsibilities Enterprise Risk Management (ERM) Team Our key risk management aim is to ...

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All JobsInsurance Risk Manager JobsInsurance Risk Manager Jobs in Connecticut

Insurance Risk Manager information

See Connecticut salary details

$78.5K

$115.6K

$176.9K

How much do insurance risk manager jobs pay per year?

As of Jul 1, 2026, the average yearly pay for insurance risk manager in Connecticut is $115,587.00, according to ZipRecruiter salary data. Most workers in this role earn between $96,100.00 and $131,300.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as an Insurance Risk Manager, and why are they important?

To thrive as an Insurance Risk Manager, you need expertise in risk assessment, analytical thinking, and a strong understanding of insurance principles, often supported by a relevant degree and certifications like ARM or CPCU. Familiarity with risk modeling software, statistical analysis tools, and regulatory compliance systems is typically required. Strong communication, decision-making, and problem-solving skills help you effectively advise stakeholders and manage complex risk scenarios. These abilities are crucial for identifying, evaluating, and mitigating risks to protect organizational assets and ensure regulatory compliance.

What is the difference between Insurance Risk Manager vs Insurance Underwriter?

AspectInsurance Risk ManagerInsurance Underwriter
CredentialsTypically requires a bachelor's degree in risk management, finance, or related fields; professional certifications like ARM or CPCU are commonUsually holds a bachelor's degree in finance, economics, or related areas; certifications like CPCU or ARe are beneficial
Work EnvironmentWorks in corporate risk management departments, analyzing and mitigating risks for the companyWorks in insurance companies, assessing individual or business applications to determine coverage and premiums
Employer & Industry UsageUsed by insurance companies and large corporations to manage risk exposurePrimarily employed by insurance carriers to evaluate and approve insurance policies

While both roles involve understanding insurance policies, the Insurance Risk Manager focuses on overall risk mitigation strategies within an organization, whereas the Insurance Underwriter evaluates individual insurance applications to determine coverage and pricing.

What does an Insurance Risk Manager do?

An Insurance Risk Manager is responsible for identifying, assessing, and mitigating risks that could negatively impact an organization’s assets, operations, or reputation. They analyze various types of risks—including financial, operational, and compliance risks—and develop strategies to minimize potential losses. Insurance Risk Managers also advise on appropriate insurance coverage, negotiate policies with insurers, and ensure that the company complies with relevant regulations to protect against unforeseen events.

What are the most common challenges Insurance Risk Managers face when working across different departments?

Insurance Risk Managers often collaborate with various departments such as underwriting, claims, and compliance to identify and mitigate potential risks. One common challenge is ensuring clear communication and alignment of risk policies across teams that may have different priorities or levels of risk awareness. Balancing regulatory requirements with business objectives can also be complex, requiring strong negotiation and relationship-building skills. Successfully navigating these challenges helps create a unified risk culture and strengthens the organization's overall resilience.
What are popular job titles related to Insurance Risk Manager jobs in Connecticut? For Insurance Risk Manager jobs in Connecticut, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Manager jobs in Connecticut look for? The top searched job categories for Insurance Risk Manager jobs in Connecticut are:
What cities in Connecticut are hiring for Insurance Risk Manager jobs? Cities in Connecticut with the most Insurance Risk Manager job openings:
Insurance Risk Manager jobs near you
Infographic showing various Insurance Risk Manager job openings in Connecticut as of June 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $115,587 per year, or $55.6 per hour.

Asset Quality Risk Manager

Ascend Bank

Wallingford, CT • On-site

Full-time

Posted yesterday

Be an early applicant

Job description

POSITION DESCRIPTION:

The Asset Quality Risk Manager is an experienced leader with end‑to‑end responsibility for the Bank’s problem asset portfolio, accountable for reducing non‑performing loans, nonaccrual assets, and credit losses while maximizing recoveries and ensuring regulatory compliance. The role drives proactive identification of credit deterioration, execution of remediation and recovery strategies, and continuous improvement in portfolio performance to minimize losses and optimize recoveries.

In partnership with Credit, Lending, Finance, and Operations, the role ensures strong asset quality outcomes, regulatory compliance, and clear reporting to Executive Management and the Board, supporting CAMELS ratings and overall risk governance.

GENERAL DESCRIPTION OF DUTIES:

  • Owns lifecycle management of criticized, classified, and non-performing loans
  • Provides end‑to‑end leadership and accountability for the Bank’s non‑performing, classified, criticized, substandard, and doubtful asset portfolio, including commercial, consumer, residential and loans serviced or resolved under secondary market / agency guidelines (e.g. Freddie Mac and Fannie Mae) where applicable.
  • Develops and maintains enhanced procedures to ensure consistent execution.
  • Manages risk with appropriate controls. Monitors control design and effectiveness to ensure safe and sound execution.
  • Proactively identifies emerging credit deterioration in partnership with the CRO, CLO, Senior Credit Risk Manager, Finance, Operations and intervenes early to limit losses.
  • Develops forward‑looking strategies to reduce inflows into non‑performing status and improve migration trends.
  • Leads workouts, restructures, and recovery strategies
  • Defines, executes, and adjusts portfolio‑level and loan‑specific remediation strategies to reduce NPL balances, days in nonaccrual, and loss severity.
  • Establishes standardized workout frameworks, decision trees, approval thresholds, exception tracking and escalation protocols to ensure consistent, timely, and well‑documented problem loan resolutions.
  • Evaluates borrower viability and determines appropriate remediation strategies in alignment with regulatory guidance.
  • Considers borrower assistance programs and investor/agency loss mitigation waterfalls (repayment plans, forbearance, modifications, liquidation pathways) as appropriate.
  • Leads and negotiates loan workouts, restructurings, repayment plans, settlements, and exit strategies, coordinating with borrowers, legal counsel, and external stakeholders as needed.
  • Ensures strategies align with investor/agency workout requirements, servicing timelines and documentation where applicable.
  • Oversees collections, foreclosures, repossessions, and OREO
  • Directs complex recovery activities, including collateral realization, foreclosures, repossessions, and OREO management and disposition.
  • Partners across business lines to improve asset quality performance. Oversee QC of commercial loan documentation.
  • Ensures accurate risk ratings and regulatory classifications.
  • Oversees collateral valuation, appraisal, and insurance processes and condition monitoring, and third‑party reviews to support informed resolution and recovery decisions.
  • Provides clear, concise insights to support Board oversight, regulatory exam readiness, loan reviews, and audit activities. Owns and manages key performance indicators related to asset quality, resolution timeliness, recoveries, and regulatory outcomes.
  • Ensures compliance with regulatory and policy requirements and supports audits, loan reviews, and regulatory exams.
  • Partners with Loan Servicing/Insurance Tracking functions to confirm adequacy and enforceability of insurance coverage supporting loss recovery.
  • Monitors asset quality trends, NPL ratios, charge‑offs and recoveries, top exposures, and progress on action plans. Reports asset quality performance, including delinquency trends, non‑accrual loans, charge‑offs, recoveries, recovery rates, and loss severity including investor/agency status reporting, remittance/reconciliation, and exception resolution (e.g., reporting mismatches, curtailment risk, suspense/clearing items) where applicable.
  • Partners with Credit on Watched Asset and Impaired Loan documentation/reporting.
  • Evaluate opportunity to leverage outsourced collection partner. Develop performance criteria and vendor performance monitoring process.

Skills and Competencies:

  • Strong credit judgment and analytical skills
  • Experience in commercial and consumer lending and workouts and demonstrated competencies in complex workouts
  • Strong negotiation and decision-making capability; ability to manage complex negotiations and distressed situations
  • Executive-level communication and Board reporting capability
  • Strong leadership, accountability, and decision-making skills

DIGITAL LITERACY:

  • Ability to leverage portfolio analytics, trend reporting, and technology tools to proactively manage risk.
  • Proficiency with bank systems, reporting platforms, and emerging technology relevant to credit risk and asset quality.

FUNCTIONS SUPERVISED: Special Assets

EDUCATION REQUIRED: A college degree (BS or BA) in finance, credit risk, accounting, business, or related field preferred.

Experience required: Minimum 5-8 eight years of progressive experience in consumer lending, commercial lending, workouts, collections, special assets, or credit risk management, with demonstrated responsibility for resolving non-performing loans.

*Compensation: Compensation is based on our market pay structures. However, individual salaries are determined by a variety of factors including, but not limited to business considerations, local market conditions, and internal equity, as well as candidate qualifications, such as skills, education, and experience.

Ascend is an equal opportunity employer and offers equal opportunity to all applicants for all positions without regard to race, color, religion, national origin, age, disability, and veteran status.

Applicants requiring reasonable accommodation in the application process should notify Human Resources.

Ascend participates in E-Verify.

EOE/AA/M/F/D/V