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

Farnsworth Group

Finance Director

Champaign, IL · On-site

$175K - $215K/yr

Captive Insurance & Risk Management * Serve as the primary financial liaison for the organization's captive insurance program. * Oversee captive financial reporting, premium allocations, loss reserve ...

Experience Champaign Urbana

Finance Director

Champaign, IL · On-site

$175 - $215/hr

Captive Insurance & Risk Management * Serve as the primary financial liaison for the organization's captive insurance program. * Oversee captive financial reporting, premium allocations, loss reserve ...

Carle Health

Assistant Counsel - Litigation

Champaign, IL · On-site

$47.63 - $81.92/hr

Overview The Risk Management department of Carle Health provides enterprise risk management, insurance and claims management services to entities within Carle Health ("Carle"). As part of a team of ...

PNC

Relationship Manager I - C&IB

Champaign, IL

$86K - $143K/yr

Manages risk/return and drives quality for new and/or existing clients. Actively identifies and ... This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act ...

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All JobsInsurance Risk JobsInsurance Risk Manager JobsInsurance Risk Manager Jobs in Champaign, IL

Insurance Risk Manager information

See Champaign, IL salary details

$82.6K

$121.7K

$186.3K

How much do insurance risk manager jobs pay per year?

As of Sep 2, 2026, the average yearly pay for insurance risk manager in Champaign, IL is $121,683.00, according to ZipRecruiter salary data. Most workers in this role earn between $101,100.00 and $138,200.00 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 job categories do people searching Insurance Risk Manager jobs in Champaign, IL look for?

The top searched job categories for Insurance Risk Manager jobs in Champaign, IL are:

What cities near Champaign, IL are hiring for Insurance Risk Manager jobs?

Cities near Champaign, IL with the most Insurance Risk Manager job openings:

Insurance Risk Manager jobs near you
Infographic showing various Insurance Risk Manager job openings in Champaign, IL as of August 2026, with employment types broken down into 1% As Needed, 71% Full Time, 22% Part Time, and 6% Contract. Highlights an 85% Physical, 1% Hybrid, and 14% Remote job distribution, with an average salary of $121,683 per year, or $58.5 per hour.

Farmers Insurance Account Executive

Ryan Kelly Farmers Insurance

Champaign, IL • On-site

$80K - $100K/yr

Full-time

Re-posted 3 days ago

Job description

As a Farmers Account Executive, you will play a pivotal role in helping individuals, families, and businesses protect their assets and mitigate risks through comprehensive insurance solutions. You will serve as a trusted advisor to clients, offering personalized guidance and expert recommendations to meet their insurance needs. This role requires a dynamic blend of salesmanship, customer service, risk assessment, and business management skills.

Responsibilities

Sales and Marketing:

  • Prospect for new clients through various channels, including networking events, referrals, and marketing campaigns.
  • Conduct thorough needs assessments to understand clients' insurance requirements and tailor solutions accordingly.
  • Present and explain Farmers Insurance products and services to potential clients, highlighting their features, benefits, and value propositions.
  • Close sales and achieve individual and team sales targets.
  • Implement marketing strategies and initiatives to increase brand awareness and generate leads within the local community.

Customer Service:

  • Provide exceptional customer service to existing and prospective clients, addressing inquiries, concerns, and service requests promptly and professionally.
  • Assist clients with policy selections, coverage adjustments, claims processing, and other insurance-related matters.
  • Build and maintain strong relationships with clients to foster loyalty and trust.
  • Risk Assessment and Underwriting:
  • Analyze clients' risk exposures, including property, liability, and financial risks, to identify appropriate insurance coverage options.
  • Collaborate with underwriters to evaluate insurance applications, assess risks, and determine policy terms, conditions, and pricing.
  • Stay informed about industry trends, regulatory changes, and emerging risks to provide informed recommendations to clients.


Requirements
  • Previous experience in sales, customer service, or insurance-related roles preferred.
  • Proven track record of achieving sales targets and delivering exceptional customer service.
  • Strong interpersonal skills, with the ability to build rapport and communicate effectively with clients and colleagues.
  • Excellent analytical and problem-solving abilities, with a keen attention to detail.
  • Proficiency in using computer software and applications, including MS Office and insurance industry software.
  • Ability to work independently, prioritize tasks, and manage time effectively in a fast-paced environment.
  • Must possess or obtain required insurance licenses and certifications as per state regulations.
  • Commitment to continuous learning and professional development in the insurance industry.
Benefits
Career Growth Opportunities###Flexible Schedule###Mon-Fri Schedule###Hands on Training###Group Benefits###Incentive Trips ###Team Lunches ###Immense Bonus Opportunities ###