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Insurance Risk Manager Jobs in Minnesota (NOW HIRING)

Maintain and update risk management documentation (e.g., certificates of insurance, local policies) to ensure accuracy and consistency across entities. * Partner with Finance to ensure premium ...

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Insurance Risk Manager information

See Minnesota salary details

$80.8K

$119K

$182.2K

How much do insurance risk manager jobs pay per year?

As of Aug 13, 2026, the average yearly pay for insurance risk manager in Minnesota is $119,004.00, according to ZipRecruiter salary data. Most workers in this role earn between $98,900.00 and $135,200.00 per year, depending on experience, location, and employer.

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 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 Minnesota? For Insurance Risk Manager jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Manager jobs in Minnesota look for? The top searched job categories for Insurance Risk Manager jobs in Minnesota are:
What cities in Minnesota are hiring for Insurance Risk Manager jobs? Cities in Minnesota with the most Insurance Risk Manager job openings:
Infographic showing various Insurance Risk Manager job openings in Minnesota as of August 2026, with employment types broken down into 80% Full Time, and 20% Temporary. Highlights an 100% In-person job distribution, with an average salary of $119,004 per year, or $57.2 per hour.

$85 - $128/hr

Other

Medical, Dental, Vision, Life, Retirement

This job post has expired today. Applications are no longer accepted.


Job description

At Duly Health and Care, you are supported to do your best work and make a meaningful impact every day. You will be part of a collaborative, physician-led team that works as one and puts patients at the center of everything we do. With a connected network of providers, care teams, and services across primary and specialty care, surgery centers, imaging, lab, and therapy, you are part of a system designed to deliver high-quality, coordinated care. Together, we create an environment where you can grow, contribute, and help improve the experience and outcomes for every patient we serve.

Benefits
  • Comprehensive medical, dental, and vision benefits that include healthcare navigation assistance.
  • Access to a mental health benefit at no cost.
  • Employer provided life and disability insurance.
  • $5,250 Tuition Reimbursement per year.
  • Immediate 401(k) match.
  • 40 hours paid volunteer time off.
  • A culture committed to community engagement and social impact.
  • Up to 12 weeks parental leave at 100% pay and a financial benefit for adoption and surrogacy for non-physician team members once eligibility requirements are met.

The primary purpose of this position will be to work with clinicians and leadership throughout the organization across the enterprise to conduct pro-active risk assessments, review and investigate occurrence reports, review and process medical dismissals, complete root cause analysis, patient safety improvement plans, identify and review adverse and sentinel events, identify patient safety concerns, potential liability concerns, and system breakdowns.

The Senior Risk Manager/Patient Safety Specialist will work to support the VP of Risk Management and be the point person for all Risk Managers/Patient Safety Specialist and front‑line staff. The Senior Risk Manager/Patient Safety Specialist is also responsible for assisting with patient and payor grievances and assisting to support the patient advocacy team. The Senior Risk Manager/Patient Safety Specialist will work to prevent harm by changing and managing all clinical policies, programs, processes to prevent future harm or error. Must have great communication skills and be able to have difficult conversations. Must have great writing skills and basic familiarity with Microsoft Word, Excel, and PowerPoint. Must be organized and have great follow‑up.

MAJOR RESPONSIBILITIES
  • Provides consultation to organizational leadership at an enterprise level, providers, and staff
  • Event reporting system management
  • Manage the system set up
  • Provide system education
  • Support system users
  • Review and investigate organizational reports
  • Review and investigate occurrence reports
  • Review and investigate concerns brought to Risk Management by leadership and staff
  • Identify trends and create action plan to minimize/eliminate the trend on a quarterly basis
  • Conduct investigations related to: Near miss occurrences Patient safety concerns Potential liability concerns Harm events Sentinel events
  • Conduct proactive patient safety/risk assessments
  • Visits clinical sites to identify areas for improvement
  • Implements action plans based on these findings and completes follow‑up
  • Review, Manage and Process all clinical dismissals
  • Provide education to organizational leadership, providers, and staff
  • Potential Compensatory Events (PCE)
  • Identify, investigate and mitigate PCE’s
  • Write up PCE’s within 30 days of notification
  • Conduct Root Cause Analysis
  • Investigate and conduct root cause analysis under the Patient Safety Organization guidelines
  • Complete Patient Safety Improvement Plan
  • Manage and assist with patient complaints
  • Investigate and respond to patient complaints
  • Assist the patient experience department with patient complaints
  • Other duties as assigned

License / Registration / Certification: Clinical experience required- Registered Nurse preferred or hospital experience

Level of Education: Bachelor’s degree or higher with clinical focus

Years of Experience: Minimum of 3-5 years of clinical experience required. Risk Management/Patient Safety experience preferred

The compensation for this role includes a base pay range of $ 85K-128K with the actual pay determined by factors such as skills, experience, education, certifications, geographic location, and internal equity. Additional compensation may be available through shift differentials, bonuses, and other incentives. Base pay is only a portion of the total rewards package.

Artificial Intelligence Disclosure: Artificial Intelligence (AI) tools may be used in some portions of the candidate review process for this position, however, all employment decisions will be made by a person.

Let’s start with what matters. People. Purpose. Care. At Duly Health and Care, we believe healthcare works best when it’s personal, connected, and led by people who truly care. We are a physician‑led medical group built on trusted relationships, teamwork, and a shared commitment to putting patients first in every decision we make. Our team members are caregivers, collaborators, problem‑solvers, and leaders. Together, we show up with compassion, act with purpose, and take ownership of the care we deliver and the experience we create. Whether you’re caring directly for patients or supporting the teams who do, your role matters here, and your voice is valued. We listen with intention, work as one, and challenge ourselves to keep improving, not for recognition, but because our patients, families, and communities count on us. Innovation at Duly isn’t about chasing what’s next for its own sake. It’s about finding better ways to deliver high-quality, affordable, and accessible care, today and into the future. If you’re looking for meaningful work, supportive teammates, and the opportunity to help shape the future of care while staying grounded in compassion and community, you’ll find your place at Duly.

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