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Insurance Risk Manager Jobs in Indiana (NOW HIRING)

As part of the Global Risk Management (GRM) team, you will play a key role in protecting Circle from internal and external fraud risk. You will own Circle's fraud risk management program, oversee ...

As part of the Global Risk Management (GRM) team, you will play a key role in protecting Circle from internal and external fraud risk. You will own Circle's fraud risk management program, oversee ...

As part of the Global Risk Management (GRM) team, you will play a key role in protecting Circle from internal and external fraud risk. You will own Circle's fraud risk management program, oversee ...

As part of the Global Risk Management (GRM) team, you will play a key role in protecting Circle from internal and external fraud risk. You will own Circle's fraud risk management program, oversee ...

Risk Lead

Indianapolis, IN · Hybrid

$130K/yr

Lead risk management performance, establishing robust frameworks and advising project teams on key risks, opportunities and mitigations. * Facilitate risk workshops, deliver QRA for cost and time ...

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Insurance Risk Manager information

See Indiana salary details

$78.5K

$115.6K

$177K

How much do insurance risk manager jobs pay per year?

As of May 30, 2026, the average yearly pay for insurance risk manager in Indiana is $115,620.00, 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 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 Indiana? For Insurance Risk Manager jobs in Indiana, the most frequently searched job titles are:
What cities in Indiana are hiring for Insurance Risk Manager jobs? Cities in Indiana with the most Insurance Risk Manager job openings:
In-House Counsel (Construction & Risk Management)

In-House Counsel (Construction & Risk Management)

F.A. Wilhelm Construction Co., Inc.

Indianapolis, IN • On-site

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 14 days ago


Job description

F.A. Wilhelm Construction – In-House Counsel

Empowering People to Build What Matters- That is our mission and our legacy.

Our nearly 100 years of building communities in which we work and play, started with one man and one dream. Today, we are a company that puts People First by providing Meaningful Partnerships, insisting on making a Positive Community Impact, with Safety Always, all with a Learn-Do-Share mentality.

F.A. Wilhelm Construction is an industry leader with the culture of doing the right things for our employees, partners, clients, and community. We have an excellent reputation in the construction industry and have enjoyed steady growth and strong financial performances for many years. Wilhelm's construction professionals turn the conceptual, and sometimes seemingly impossible, into fully completed, innovative spaces where life happens.

We are looking for the right person to join our team as an In-House Counsel. Is that you? If so, we want to talk to you!

Responsibilities

The In-House Counsel will provide legal support across the organization with a primary focus on construction contract review/negotiations, risk management, and dispute resolution. This role is responsible for reviewing and negotiating owner contracts, subcontracts, and purchase orders, managing general liability claims, assisting with insurance matters, and supporting business operations through practical, risk-balanced legal guidance. The ideal candidate is detail-oriented, collaborative, a self-starter, solutions-focused, an effective communicator, and experienced in construction law and contract administration.

A. Contract Review & Negotiation

  • Review, draft, and negotiate construction-related agreements, including owner contract, subcontracts, purchase orders, and vendor agreements.
  • Provide clear, risk-based guidance to internal stakeholders on contractual obligations and risk allocation.
  • Ensure consistency with company standards and alignment with applicable laws, industry best practices, and insurance products.

B. Claims & Risk Management

  • Manage and oversee general liability claims, including coordination with insurers, brokers, and outside counsel.
  • Investigate and evaluate claims exposure and develop resolution strategies.
  • Track and report on claims status, trends, and risk mitigation opportunities.

C. Dispute Resolution

  • Assist in the resolution of project-related disputes, including payment disputes, performance issues, and contractual claims.
  • Engage in early dispute resolution strategies to minimize litigation exposure.
  • Support mediation, arbitration, and litigation efforts as needed, including managing outside counsel.

D. Insurance & Risk Transfer

  • Participate in the annual insurance renewal process, including policy review, coverage analysis, and collaboration with brokers and leadership.
  • Review and advise on insurance requirements in contracts to ensure alignment with company risk management objectives.
  • Coordinate and collaborate with insurance brokers, underwriters, and claims professionals for the purpose of identifying and protecting against enterprise and project risk in addition to resolving encountered issues.

E. Compliance & Collaboration

  • Partner cross-functionally with project management, operations, finance, and executive leadership to provide proactive legal guidance.
  • Support internal training initiatives related to contracts, risk management, and compliance.
  • Promote a team-oriented environment by working collaboratively within and across departments.

Key Attributes

  • Comfortable at the table with all levels of leadership
  • Collaborator
  • Integrity
  • Organized and systematic
  • Proactive Problem Solver with outstanding interpersonal skills
  • Commitment to Excellence

What it takes

  • Juris Doctor (J.D.) from an accredited law school.
  • Licensed to practice law in the State of Indiana and in good standing.
  • Demonstrated experience with dispute resolution processes, including mediation and arbitration.

F.A. Wilhelm offers a unique opportunity for the right person to experience a variety of work. Working at F.A Wilhelm, you can expect:

  • A competitive compensation package.
  • A comprehensive benefits package to include medical, dental, vision, and 401K match. Basic life insurance, short-term and long-term disability insurance is paid for by F.A Wilhelm.
  • Discretionary yearly bonus program.
  • A generous PTO bank.

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