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Insurance Risk Manager Jobs in Manitoba (NOW HIRING)

When you partner with us, you're at the center of a vast network of risk, insurance, employee benefits, retirement and wealth management specialists that bring clarity to a changing world with ...

When you partner with us, you're at the center of a vast network of risk, insurance, employee benefits, retirement and wealth management specialists that bring clarity to a changing world with ...

Negotiate credit terms and conditions with the Credit Risk Management as needed and confirm the ... Flexible group insurance * Generous pension plan * Employee Share Ownership Plan * Employee and ...

When you partner with us, you're at the center of a vast network of risk, insurance, employee benefits, retirement and wealth management specialists that bring clarity to a changing world with ...

When you partner with us, you're at the center of a vast network of risk, insurance, employee benefits, retirement and wealth management specialists that bring clarity to a changing world with ...

When you partner with us, you're at the center of a vast network of risk, insurance, employee benefits, retirement and wealth management specialists that bring clarity to a changing world with ...

When you partner with us, you're at the center of a vast network of risk, insurance, employee benefits, retirement and wealth management specialists that bring clarity to a changing world with ...

When you partner with us, you're at the center of a vast network of risk, insurance, employee benefits, retirement and wealth management specialists that bring clarity to a changing world with ...

Health insurance * Paid time off Position Summary The Finance Manager creates total financial ... Oversee and implement robust internal financial controls and risk management policies. * Drive ...

Showing results 21-40

Insurance Risk Manager information

See Manitoba salary details

$11K

$74.3K

$115.5K

How much do insurance risk manager jobs pay per year?

As of Aug 20, 2026, the average yearly pay for insurance risk manager in Manitoba is $74,335.00, according to ZipRecruiter salary data. Most workers in this role earn between $57,000.00 and $95,500.00 per year, depending on experience, location, and employer.

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 key skills and qualifications needed to thrive as an Insurance Risk Manager?

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 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 job categories do people searching Insurance Risk Manager jobs in Manitoba look for?

The top searched job categories for Insurance Risk Manager jobs in Manitoba are:

Infographic showing various Insurance Risk Manager job openings in Manitoba as of August 2026, with employment types broken down into 1% As Needed, 75% Full Time, 20% Part Time, and 4% Contract. Highlights an 83% Physical, 1% Hybrid, and 16% Remote job distribution, with an average salary of $74,335 per year, or $35.7 per hour.

Intermediate/Senior Underwriter

Sun Life Financial

Winnipeg, MB • Hybrid

Full-time

Medical, Life, Retirement, PTO

Posted 6 days ago


Sun Life Assurance Company of Canada rating

8.6

Company rating: 8.6 out of 10

Based on 18 frontline employees who took The Breakroom Quiz

90th of 310 rated insurance


Job description

You are as unique as your background, experience and point of view. Here, you'll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do.


At Sun Life, we're driven by our Purpose: helping our Clients achieve lifetime financial security and live healthier lives. Our values shape how we work: caring, authentic, bold, inspiring, and impactful.


When you join Sun Life, you'll work with passionate colleagues and empowering leaders who support your growth and celebrate your contributions, so you can make a meaningful difference in our Clients' lives.


Discover how you can make a difference in the lives of individuals, families and communities around the world.


Job Description:

Location: Hybrid, Work from Home

As an Intermediate Underwriter/Senior Underwriter, you will join one of Canada's largest insurers. We are recognized not only for our strength in the market, but also for our commitment to our employees. We offer various paths for advancement, including individual life insurance, health insurance, risk management, people management, innovation, and field sales. In addition, we have a strong mentorship program so you can learn from other experienced underwriters.

If you're ready to take the next step in your career journey, while being supported in an environment that values it's people, their ambitions, and expertise, this is where you belong.

Life is brighter under the sun

By joining our team at Sun Life, you can expect:

  • A hybrid work environment, offering you the best of in-office collaboration and the flexibility of working from home
  • Flexible benefits from your first day, meeting your needs and those of your loved ones
  • Our share ownership program and pension plan give you the opportunity to invest in Sun Life through company matching contribution opportunities
  • An annual bonus based on company performance and individual performance
  • Paid vacation based on experience, 5 care days available to take care of yourself or others (e.g., your family or others you may support), and 10 personal sick days to support your well-being
  • Our unique sabbatical program gives you the opportunity to take up to 6 weeks of leave every 5 years
  • An investment in non-profit organizations that matter to you
  • A maternity/paternity leave salary top-up program so you can focus on your growing family

What will you do?

  • Analyze medical, personal, and financial information to assess eligibility for life insurance and critical illness insurance applications, relying on quantitative and qualitative data to make informed decisions
  • Assess and classify risk using underwriting guidelines and your professional judgment; obtain additional information (e.g., medical evidence) or refer files as needed
  • Make timely and well-founded decisions within your authority and submit files that exceed those limits for co-signature
  • Collaborate with reinsurers to negotiate the best possible outcomes for complex or adverse decisions
  • Engage internal partners, business leaders, and advisors to deliver an advisor- and client-focused experience grounded in expertise, empathy, and trust
  • Communicate decisions clearly and confidently to advisors and, when necessary, to clients' physicians - explaining the rationale in a respectful, transparent, and easy-to-understand way
  • Respond to inquiries from advisors and managing general agents while protecting confidentiality
  • Document decisions and related rationales, ensuring notes are clear and concise and demonstrate a thoughtful assessment of risk
  • Promote continuous improvement by identifying opportunities to improve underwriting quality, efficiency, and consistency. Also contribute ideas that support innovation, automation, and better outcomes for clients, advisors, and Sun Life
  • Maintain strong medical knowledge and stay current on underwriting approaches, trends, and risk factors

What do you need to succeed?

  • At least 3 years of experience as an individual life insurance underwriter
  • Existing signing authority in life insurance and critical illness insurance
  • Analytical skills, judgment, problem solving, and decision making
  • Influencing and negotiation skills
  • Knowledge of medicine and risk factors
  • Service-oriented attitude and interpersonal skills allowing you to work collaboratively with our internal and external partners
  • Demonstrated ability to meet tight deadlines and work under pressure while prioritizing multiple tasks
  • Specialized training: ALU certificate (or commitment to obtain it), with the goal of obtaining the Fellow, Academy of Life Underwriting (FALU) and Fellow, Life Management Institute (FLMI) designations
  • As this position is posted in several locations, we specify that bilingualism (French, English, both oral and written) is required for Quebec only for the frequent interactions with English and French-speaking colleagues or internal partners across Canada or worldwide

When a new position becomes available which matches your background and experience, the base pay range will be disclosed and correspond to the opportunity Sun Life will consider you for.


In addition to Base Pay, eligible Sun Life employees participate in various incentive plans, payment under which is discretionary and subject to individual and company performance. Certain sales focused roles have sales incentive plans based on individual or group sales results.


Diversity and inclusion have always been at the core of our values at Sun Life. A diverse workforce with wide perspectives and creative ideas benefits our Clients, the communities where we operate and all of us as colleagues. We welcome applications from qualified individuals from all backgrounds.


Persons with disabilities who need accommodation in the application process, or those needing job postings in an alternative format, may e-mail a request to thebrightside@sunlife.com.


We are proud to be a hybrid organization that offers our employees the choice and flexibility to work from both the office and virtually based on the needs of the business, our Clients and you.


We may use artificial intelligence to support candidate sourcing, screening, interview scheduling.


We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.


Job Category:

Underwriting - Individual

Posting End Date:

04/09/2026

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