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Insurance Risk Manager Jobs in Minnesota (NOW HIRING)

Target

Sr Manager Risk and Controls

Minneapolis, MN · On-site

$95K - $171K/yr

... insurance and more, to help you and your family take care of your whole selves.Other benefits for ... As a Senior Manager in Risk & Controls , you will be a leader on a team that builds strong ...

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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 Sep 3, 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 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 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:

Insurance Risk Manager jobs near you
Infographic showing various Insurance Risk Manager job openings in Minnesota as of August 2026, with employment types broken down into 95% Full Time, 3% Part Time, and 2% Contract. Highlights an 77% In-person, 11% Hybrid, and 12% Remote job distribution, with an average salary of $119,004 per year, or $57.2 per hour.

Risk Management Consultant

Federated Mutual Insurance Company

Owatonna, MN • On-site

$90K - $137K/yr

Full-time

Medical, Retirement

Posted 21 days ago

Federated Insurance rating

8.8

Company rating: 8.8 out of 10

Based on 6 frontline employees who took The Breakroom Quiz

57th of 315 rated insurance

Job description

At Federated Insurance, we do life-changing work, focused on our clients’ success. For our employees, we provide tremendous opportunities for growth. Over 95% of them believe our company has an outstanding future. We make lives better, and we’re looking for employees who want to make a difference in others’ lives, all while enhancing their own.
 
Federated’s culture is grounded in our Four Cornerstones: Equity, Integrity, Teamwork, and Respect.  We strive to create a work environment that embodies our core principles and values.  We value and respect individual differences, and we leverage those differences to achieve better results and outcomes for our clients, employees, and communities.  Our top priority in recruitment and development of our next generation is to ensure we align ourselves with truly exceptional people who share these values.


As a Risk Management Consultant, you will provide risk management support through education, training and development of resources. You will serve as a resource regarding insurance and risk management exposures, loss trends and industry regulations and standards. You will create and deliver training programs and risk management resources for Federated Risk Consultants, clients and others.

Responsibilities

  • Seek and maintain an advanced understanding of commercial property and casualty risk management and safety exposures and controls.
  • Serve as a risk management subject matter expert for Federated personnel, Leadership, policyholders, associations, and special interest groups. This includes, but is not limited to, analyzing loss information of business types and groups; serving on internal teams as needed to identify risk management issues; and provide relevant consultation and white-paper support.
  • Create and maintain risk management materials and programs used with policyholders, associations, and within Federated. Ensures the risk management-related accuracy of content for articles, Intranet and Internet documentation, publications, and presentations that are distributed to policyholders, associations, and/or Federated personnel.
  • Design tools, processes, and procedures to support Field Services in highly technical areas. Develops and facilitates specialized training and seminars for Risk Consultants and Regional Risk Managers.
  • Provide consulting to Risk Consultants, policyholders, and prospects regarding regulations and complex industry issues.
  • Assist with quality audits for Risk Consultants and survey vendors to ensure that procedures, priorities, and professional service expectations are met.

Minimum Qualifications

  • Four-year degree.
  • Minimum of three years' work experience demonstrating understanding and familiarity with loss exposures, risk management processes, industry regulations and safety/health standards preferred.
  • Associate in Risk Management (ARM) designation or equivalent preferred.
  • Certified Safety Professional (CSP) designation preferred.
  • Microsoft Office skills including Word, Excel, Outlook, and PowerPoint.
  • Strong presentation, facilitation, and training skills.
  • An unquestioned ability to retain confidential business and personnel information.
  • Valid driver's license, acceptable driving record, and reliable transportation required.

Pay range is $90,400 - $137,500. Pay may vary depending on job-related factors and individual experience, skills, knowledge, etc. More information can be discussed with a member of the Recruiting team.


We offer a wide variety of ways to support you as a whole, both professionally and personally. Our commitment to your growth includes opportunities for internal mobility and career development paths, inspiring excellence in performance and ensuring your professional journey thrives. Additionally, we offer exceptional benefits to nurture your personal life. We understand the importance of health and financial security, offering encompassing competitive compensation, enticing bonus programs, cost-effective health insurance, and robust pension and 401(k) offerings. To encourage community engagement, we provide paid volunteer time and offer opportunities for gift matching. Discover more about Federated and our comprehensive benefits package: Federated Benefits You. 


All candidates must be legally authorized to work in the United States for any employer. Federated will not sponsor candidates for employment visa status, such as an H1-B visa. Federated does not interview or hire students or recent graduates with J-1 or F-1 visas or similar temporary work authorization.

If California Resident, please review Federated's enhanced Privacy Policy.

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