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Insurance Risk Manager Jobs in Illinois (NOW HIRING)

PNC Bank

LOB Risk Manager II

Downers Grove, IL

As a LOB Risk Manager II within PNC's HR Strategy, Delivery and Risk organization, you can be based ... This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act ...

Niemann Foods, Inc

NFI Operations Risk Manager

Quincy, IL · On-site

$60K - $90K/yr

SUMMARY We are seeking a highly analytical and detail-oriented Operations Risk Manager to lead the ... Life Insurance * Voluntary Benefits * Paid Time Off * Retirement Plans * Employee Assistance ...

Niemann Foods

NFI Operations Risk Manager

Quincy, IL · On-site

$60K - $90K/yr

SUMMARY We are seeking a highly analytical and detail-oriented Operations Risk Manager to lead the ... Life Insurance * Voluntary Benefits * Paid Time Off * Retirement Plans * Employee Assistance ...

Niemann Foods

NFI Operations Risk Manager

Quincy, IL · On-site

$60K - $90K/yr

SUMMARY We are seeking a highly analytical and detail-oriented Operations Risk Manager to lead the ... Life Insurance * Voluntary Benefits * Paid Time Off * Retirement Plans * Employee Assistance ...

Amazon

Risk Manager III - AMZ19105.3

Chicago, IL · On-site

$142.21K - $163.90K/yr

Risk Manager III - AMZ19105.3 Location: Chicago, IL Multiple Positions Available: 1. Support the execution of governance and compliance activities for AI and machine learning (ML) risk models. 2. ...

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Insurance Risk Manager information

See Illinois salary details

$79.9K

$117.7K

$180.2K

How much do insurance risk manager jobs pay per year?

As of May 28, 2026, the average yearly pay for insurance risk manager in Illinois is $117,742.00, according to ZipRecruiter salary data. Most workers in this role earn between $97,900.00 and $133,700.00 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 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 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 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 are popular job titles related to Insurance Risk Manager jobs in Illinois? For Insurance Risk Manager jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Manager jobs in Illinois look for? The top searched job categories for Insurance Risk Manager jobs in Illinois are:
What cities in Illinois are hiring for Insurance Risk Manager jobs? Cities in Illinois with the most Insurance Risk Manager job openings:
Insurance Risk Manager jobs near you
Manager - Financial Services Risk and Controls Consulting (Insurance)

Manager - Financial Services Risk and Controls Consulting (Insurance)

RSM

Chicago, IL • On-site

Full-time

Posted 15 days ago

Job description

We are the leading provider of professional services to the middle market globally, our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled, culture and talent experience and our ability to be compelling to our clients. You'll find an environment that inspires and empowers you to thrive both personally and professionally. There's no one like you and that's why there's nowhere like RSM.

The Position

Due to rapid growth of our Financial Services Risk Consulting practice within the insurance industry and the evolving risk landscape of our clients, RSM is seeking a highly motivated manager to lead teams of risk consulting professionals in addressing our clients' needs.

Key Responsibilities

As a Manager in the Financial Services Risk Consulting practice at RSM, you'll be asked to consistently:

  • Model the core RSM values of respect, integrity, teamwork, excellence and stewardship in all interactions with clients and team members
  • Support RSM's goals around diversity and inclusion by nurturing an environment that understands individuality, promotes authenticity, and values varied perspective in arriving at solutions
  • Effectively manage, motivate and mentor multidisciplinary teams to work as a cohesive, client-centric unit in delivering high-quality solutions to sophisticated clients
  • Support multiple client projects simultaneously, while actively contributing to internal initiatives such as talent, practice, and business development
  • Leverage your understanding of the insurance industry trends to effectively communicate leading risk management practices
  • Provide subject-matter expertise in risk consulting strategies and internal controls pertaining to the core functions of insurance (claims, product, underwriting, etc.)
  • Manage a diverse book of business, maintaining overall responsibility for the profitability, effective delivery and engagement risk of all client related work within the portfolio
  • Leverage your experience and expertise to recruit and retain future leaders of the firm through mentorship that focuses on advancing the professional aspirations and skills of your colleagues
  • Be proactive in your personal development in areas such as insurance industry expertise, technical specializations, and leadership to drive expansive personal value to our people and our clients
  • Focus on developing your network and personal brand in the marketplace to drive growth for the insurance risk consulting practice; including: identifying and securing new opportunities

Position Qualifications

  • Bachelor's or Master's Degree in business, engineering, accounting, finance or related discipline
  • A minimum of 5 years of experience working in the insurance industry as an internal auditor, controls specialist, claims specialist, underwriting specialist, management consultant with a minimum of 3 years at a public accounting or professional services firm
  • Experience with leading projects across the three lines of defense and with various lines of business (e.g. CFO group, operations (claims, product, underwriting, distribution, etc.), data, technology, regulatory compliance, risk management, internal audit)
  • Proficiency in word processing, spreadsheet, and presentation creation tools
  • Job relevant certification (e.g., ARM, CRM, CPA, CIA, CFE, PMP)
  • Ability to travel to meet client needs
  • Established experience in the financial services industry with a focus on insurance

At RSM, we offer a competitive benefits and compensation package for all our people.We offer flexibility in your schedule, empowering you to balance life's demands, while also maintaining your ability to serve clients.Learn more about our total rewards at https://rsmus.com/careers/working-at-rsm/benefits.

All applicants will receive consideration for employment as RSM does not tolerate discrimination and/or harassment based on race; color; creed; sincerely held religious beliefs, practices or observances; sex (including pregnancy or disabilities related to nursing); gender; sexual orientation; HIV Status; national origin; ancestry; familial or marital status; age; physical or mental disability; citizenship; political affiliation; medical condition (including family and medical leave); domestic violence victim status; past, current or prospective service in the US uniformed service; US Military/Veteran status; pre-disposing genetic characteristics or any other characteristic protected under applicable federal, state or local law.

Accommodation for applicants with disabilities is available upon request in connection with the recruitment process and/or employment/partnership.RSM is committed to providing equal opportunity and reasonable accommodation for people with disabilities. If you require a reasonable accommodation to complete an application, interview, or otherwise participate in the recruiting process, please call us at 800-274-3978 or send us an email at careers@rsmus.com.

RSM does not intend to hire entry level candidates who will require sponsorship now OR in the future (i.e. F-1 visa holders). If you are a recent U.S. college / university graduate possessing 1-2 years of progressive and relevant work experience in a same or similar role to the one for which you are applying, excluding internships, you may be eligible for hire as an experienced associate.

RSM will consider for employment qualified applicants with arrest or conviction records. For those living in California or applying to a position in California, please click here for additional information.

At RSM, an employee's pay at any point in their career is intended to reflect their experiences, performance, and skills for their current role. The salary range (or starting rate for interns and associates) for this role represents numerous factors considered in the hiring decisions including, but not limited to, education, skills, work experience, certifications, location, etc. As such, pay for the successful candidate(s) could fall anywhere within the stated range.

Compensation Range: $101,000 - $203,000

Individualsselected for this role will be eligible for a discretionary bonus based on firm and individual performance.

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