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Insurance Risk Manager Jobs in Carmel, IN (NOW HIRING)

Mace

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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All JobsInsurance Risk JobsInsurance Risk Manager JobsInsurance Risk Manager Jobs in Carmel, IN

Insurance Risk Manager information

See Carmel, IN salary details

$78.1K

$115.1K

$176.2K

How much do insurance risk manager jobs pay per year?

As of Jul 14, 2026, the average yearly pay for insurance risk manager in Carmel, IN is $115,093.00, according to ZipRecruiter salary data. Most workers in this role earn between $95,700.00 and $130,700.00 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 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 job categories do people searching Insurance Risk Manager jobs in Carmel, IN look for? The top searched job categories for Insurance Risk Manager jobs in Carmel, IN are:
What cities near Carmel, IN are hiring for Insurance Risk Manager jobs? Cities near Carmel, IN with the most Insurance Risk Manager job openings:
Insurance Risk Manager jobs near you
Risk Management (Medical Devices)

Risk Management (Medical Devices)

ALTEN Technology USA

Indianapolis, IN

Other

Posted 11 days ago

Job description

Position Summary

  • We are seeking a Risk Management Subject Matter Expert (SME) with extensive experience in medical device risk management and a solid background in Systems Engineering.
  • The consultant will support the development, review, and technical assessment of key risk management deliverables for the medical device program.

Key Responsibilities

  • Development and Review of Key Risk Management Deliverables
  • Conduct the technical review of the PHA.
  • Support the development and technical review of the BE CT CHA and platform CHA, including associated platform risk libraries:
  • Ensure alignment with Systems Engineering deliverables (e.g., consistency between RCMs and design inputs).
  • Verify alignment of risks and RCMs with applicable standards (e.g., ISO 11608, IEC 606011, etc.).
  • Support integration activities related to platform risk libraries.
  • Support for Additional Risk Management Deliverables
  • Contribute to the development and review of the Platform Risk Management Plan (RMP).
  • Participate in Functional Failure Analysis, including:
  • Identification of system-level effects.
  • Assignment of appropriate defect classifications.
  • Support additional Risk Management deliverables as required throughout the project lifecycle.
  • Reviewing and structuring existing FMEAs currently in Excel
  • Reformatting data so it can be integrated into Turbo AC (their risk management tool)
  • Supporting the upcoming import process and ensuring everything is properly structured
  • Assisting with manual linking between hazards and FMEAs once uploaded

Required Qualifications / Technical Competencies

  • 8+ years of experience in Risk Management for medical devices.
  • Strong background in Systems Engineering methodologies.
  • Expertise with key standards, including:
    • ISO 14971
    • ISO 11608
    • IEC 606011 and related standards
  • Experience with TurboAC or risk management platforms is a strong plus.

Professional Skills

  • Ability to conduct detailed and complex technical analyses.
  • Excellent technical documentation and writing capabilities.
  • High attention to detail and strong analytical mindset.
  • Ability to collaborate effectively with cross-functional teams, including Systems Engineering, Quality, Design, and Platform Engineering.

Assignment Conditions

  • On-site presence required in Indianapolis.

Work Authorization Requirement: Due to client requirements, only candidates who are U.S. Citizens or U.S. Permanent Residents (Green Card holders) are eligible for consideration for this position.

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