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Insurance Risk Manager Jobs in Bloomington, IL (NOW HIRING)

IT Project Manager

Bloomington, IL

$94.50K - $111.80K/yr

... Insurance / Financial IT project execution Knowledge in service levels and metrics Experience ... Risk mitigation Experience in handling the customer projects liaisons Qualifications Degree ...

IT Project Manager

Bloomington, IL

$94.50K - $111.80K/yr

... Insurance / Financial IT project execution Knowledge in service levels and metrics Experience ... Risk mitigation Experience in handling the customer projects liaisons Qualifications Degree ...

P/C Senior Actuary

Bloomington, IL · On-site

$110K - $151.25K/yr

... risk management, carried reserves and/or profitability. May direct simple to complex actuarial ... state insurance departments; and/or to implement new rates and rating plans, using existing ...

P/C Senior Actuary

Bloomington, IL · On-site

$110K - $151.25K/yr

... risk management, carried reserves and/or profitability. May direct simple to complex actuarial ... state insurance departments; and/or to implement new rates and rating plans, using existing ...

Proof of Auto Insurance - Varies; Commercial Driver's License (CDL) within 4 months - Secretary of ... Keeps director/manager informed of problematic cases, especially those involving legal or risk ...

... risk, and compliance (GRC) requirements. Main Responsibilities: * Support the Plant Manager in ... In addition to base salary, we offer a comprehensive benefits package, including health insurance ...

Plant PMO

Bloomington, IL · On-site

$93K - $115K/yr

... risk, and compliance (GRC) requirements. Main Responsibilities: * Support the Plant Manager in ... In addition to base salary, we offer a comprehensive benefits package, including health insurance ...

Driver - Bloomington, IL

Bloomington, IL · On-site

$16 - $20.25/hr

At Kirby Risk Electrical Supply, our Service Delivery Drivers are the face of our company--ensuring ... Strong attention to detail and time management. * Ability to lift up to 50 lbs. and work in an ...

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Insurance Risk Manager information

See Bloomington, IL salary details

$79.1K

$116.6K

$178.4K

How much do insurance risk manager jobs pay per year?

As of May 31, 2026, the average yearly pay for insurance risk manager in Bloomington, IL is $116,552.00, according to ZipRecruiter salary data. Most workers in this role earn between $96,900.00 and $132,400.00 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 job categories do people searching Insurance Risk Manager jobs in Bloomington, IL look for? The top searched job categories for Insurance Risk Manager jobs in Bloomington, IL are:
What cities near Bloomington, IL are hiring for Insurance Risk Manager jobs? Cities near Bloomington, IL with the most Insurance Risk Manager job openings:

Commercial Relationship Manager II

First Financial Bank NA

Bloomington, IL • On-site

Other

Medical, Dental, Vision, Life, PTO

Posted 18 days ago


Job description

Commercial Relationship Manager II
Location: Bloomington, IL or Champaign, IL (On-Site)

Status: Full-Time, Salary Exempt Officer

Why Join First Financial Bank?

If you are a results-driven professional with a passion for building relationships and managing commercial lending, our Commercial Relationship Manager II role may be the next step in your banking career. In this role, you will play a key part in growing a commercial loan portfolio, managing client relationships, structuring commercial loans, and identifying growth opportunities. This position offers a strong foundation for career advancement in commercial banking while contributing to the success of local businesses. If you thrive in a client-focused, strategic role, we invite you to join our team.

What You’ll Do

  • Sales & Business Development: Develop a strategic pipeline of qualified commercial relationship leads and generate new business through developed leads, client referrals, and networking.
  • Originate Loans: Work with clients to structure, underwrite, and close commercial loans while ensuring compliance with regulatory guidelines.
  • Develop Deposits: Deepen client relationships and connectivity to the bank by developing deposit operating accounts from new and existing customers.
  • Identify Growth Opportunities: Cross-sell other banking products and services to help clients achieve their business goals.
  • Manage Relationships: Build and cultivate long-term customer relationships through ongoing communication and financial solutions.
  • Evaluate Loan Quality: Review financial data, assess collateral, and determine appropriate loan structures.
  • Conduct Market Research: Stay up to date on industry trends, competitor offerings, and economic changes that impact commercial clients.
  • Monitor Loan Portfolio: Track and maintain appropriate risk ratings on all relationships in your portfolio.
  • Ensure Compliance: Follow all regulatory lending guidelines and internal policies to manage risk effectively.

What We’re Looking For

  • Bachelor’s degree in business administration, finance, economics, or accounting is preferred.
  • Minimum 5-10 years of experience in commercial lending, audit, loan review, or finance.
  • Commercial & Industrial loan experience preferred.
  • Proven ability to build relationships, develop referral sources, and grow new account relationships.
  • Strong sales skills with experience in prospecting and customer outreach.
  • Excellent problem-solving and interpersonal skills.
  • Strong written and verbal communication skills.
  • Ability to work in a time-sensitive environment with a flexible schedule.
  • Ability to remain in a stationary position for up to 75% of an eight (8) hour workday.
  • Ability to review information and details at close range (within a few feet).
  • Ability to travel to client locations and other work sites as needed.

What We Offer

  • Competitive Pay & Benefits: Medical, dental, vision, and employer-paid life and disability insurance.
  • Financial Perks: 401(k) match, Employee Stock Ownership Program (ESOP), and banking benefits.
  • Work-Life Balance: Paid time off, including 11 Federal Reserve bank holidays.
  • Growth Opportunities: Tuition assistance and professional development programs.
  • A Supportive Culture: Integrity, collaboration, innovation, and respect are at the heart of what we do.

Who We Are

First Financial Bank is a dynamic financial institution with over $6+ billion in assets and a proud history dating back to 1834. With more than 75 banking centers across five states, we are committed to empowering our clients, fostering personal growth, and building community.

Joining First Financial Bank means becoming part of a legacy where your work directly contributes to the stability and growth of the communities we serve. Here, you are more than an employee; you are an essential member of a team dedicated to living out the values of "One First" every day. Be part of a bank that values your contributions and invests in your future!

Ready to Join Us?

Apply now and take the next step in your banking career! We review all applications and will respond promptly.

First Financial Bank is an Equal Opportunity Employer. All applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, genetic information, national origin, disability, military and/or veteran status, cross-bases issues, or any other Federal or State legally protected classes.