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

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 ...

Senior Procurement Manager

Champaign, IL · On-site

$98K - $140K/yr

This role partners closely with business leaders, including Legal, Risk, Compliance, IT, and ... insurance, short-term and long-term disability, wellness incentives and an employee assistance ...

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 ...

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 ...

The Director of Insurance Finance is responsible for leading the financial strategy, planning ... Support enterprise risk management initiatives and business continuity planning. * Identify ...

Nurse Manager (RN)

Urbana, IL · On-site

$82K - $97K/yr

... Risk Management • Monitor clinical quality indicators including falls, infections, medication ... Insurance • Vision Insurance • Medical and Dependent Flexible Spending Account • AFLAC ...

Communicates with Risk Management, Construction and other corporate departments regarding equipment ... insurance; short-term and long-term disability insurance program, Flexible Spending Account and/or ...

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Showing results 1-20

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 Jul 21, 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 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 are popular job titles related to Insurance Risk Manager jobs in Champaign, IL? For Insurance Risk Manager jobs in Champaign, IL, the most frequently searched job titles are:
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:
Infographic showing various Insurance Risk Manager job openings in Champaign, IL as of July 2026, with employment types broken down into 1% As Needed, 69% Full Time, 25% Part Time, and 5% Contract. Highlights an 95% Physical, 1% Hybrid, and 4% Remote job distribution, with an average salary of $121,683 per year, or $58.5 per hour.
Instructor/Lecturer- Actuarial Science & Risk Management

Instructor/Lecturer- Actuarial Science & Risk Management

University of Illinois

Urbana, IL • On-site

$78K - $88K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 24 days ago


Job description

Instructor/Lecturer Actuarial Science and Risk Management
College of Liberal Arts & Sciences
University of Illinois at Urbana-Champaign
The Actuarial Science and Risk Management program in the College of Liberal Arts & Sciences at the University of Illinois at Urbana Champaign invites applications for an Instructor or Lecturer.
This position is a one-year appointment; renewal of the position is contingent on availability of funding, positive performance reviews and sufficient course enrollments.
Duties
• Preparing and teaching actuarial science and risk management content for corresponding courses. These may include large service courses and small discussion sections.
• Monitoring and mentoring teaching assistants and graders for these courses.
• Holding regular office hours to meet with students outside of class time.
• Writing and grading examinations and assigning grades.
• Develop and maintain curriculum and stewardship material for these courses. Willingness to undertake additional responsibilities as the undergraduate director, as needed.
Required Qualifications
Candidates who are ABD or hold a Master's degree in Actuarial Science or related areas such as Mathematics, Statistics, Risk Management and Insurance, Finance or another subject appropriate for Actuarial Science and a record of teaching effectiveness or professional training at the graduate and undergraduate levels will be considered as an Instructor.
Candidates with a Ph.D.in Actuarial Science or related areas such as Mathematics, Statistics, Risk Management and Insurance, Finance, or another subject appropriate for Actuarial Science and a record of teaching effectiveness or professional training at the graduate and undergraduate levels will be considered as a Lecturer.
Preferred Qualifications
3+ years of college teaching or similar corporate training experience.
Experiences with actuarial professional exams.
Professional credentials such as the Associate or the Fellow of the Society of Actuaries, etc.
Appointment Information
This is a 100% full-time academic position, appointed on a 9-month basis. The expected start date is August 16, 2026. The budgeted salary ranges for the position are Instructor: 60,000-70,000 and Lecturer: $78,000 - $88,000. Final salary offered will be determined by a thorough assessment of available market data, internal salary equity, candidate experience and qualifications, collective bargaining agreements, and budget constraints. This position is eligible for sponsorship for work authorization, except for sponsorship of a new H1B petition that would incur the $100,000 fee. This position will be expected to work at the University of Illinois Urbana-Champaign campus on a full-time basis per the University's Workplace Flexibility policy.
Application Procedures & Deadline Information
To apply for this position, please create a candidate profile at https://jobs.illinois.edu and upload your cover letter and resume by 6pm CST, June 15, 2026.
Full consideration will be given to complete applications received by the closing date. Applications not submitted through https://jobs.illinois.edu will not be considered.
For further information about this specific position, please contact lascollegehiring@illinois.edu. For questions regarding the application process, please contact 217-333-2137.
The University of Illinois must also comply with applicable federal export control laws and regulations and, as such, reserves the right to employ restricted party screening procedures for applicants.
The University of Illinois offers a very competitive benefits portfolio, depending on the position. Click for a complete list of Employee Benefits.
Founded in 1867 as Illinois's flagship public university, the University of Illinois Urbana-Champaign empowers a global community of students, scholars, and alumni to change the world through bold, innovative research and transformative education. With a land-grant heritage rooted in progress, Illinois faculty drive paradigm-shifting discoveries, mentor future leaders, and collaborate across 15 colleges and instructional units and more than 20 research institutes. The university's legacy of excellence includes 24 Nobel Prizes and 29 Pulitzer Prizes awarded to its faculty and alumni, $755 million in sponsored research funding, and 94 academic programs ranked in the top 20 nationally. Illinois offers the resources, recognition, and reach to accelerate your career - along with a highly competitive benefits portfolio. Discover how the Illinois Value Proposition fosters professional longevity, personal fulfillment, and a deep sense of purpose in every role.
Faculty Recruitment
Champaign-Urbana
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.
This position is intended to be eligible for benefits. This includes Health, Dental, Vision, Life Insurance, a Retirement Plan, Paid time Off, and Tuition waivers for employees and dependents.
The University of Illinois System is an equal opportunity employer, including but not limited to disability and/or veteran status, and complies with all applicable state and federal employment mandates. Please visit Required Employment Notices and Posters to view our non-discrimination statement and find additional information about required background checks, sexual harassment/misconduct disclosures, and employment eligibility review through E-Verify.
Applicants with disabilities are encouraged to apply and may request a reasonable accommodation under the Americans with Disabilities Act (2008) to complete the application and/or interview process. Accommodations may also be requested on the basis of pregnancy, childbirth, and related conditions, or religion. Requests may be submitted through the reasonable accommodation portal, or by contacting the Office for Access & Equity at 217-333-0885, option #1, or accessibility@illinois.edu.
Requisition ID: 1036677
Job Category: Faculty
Apply at: https://jobs.illinois.edu

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About University of Illinois

Sourced by ZipRecruiter

The University of Illinois, located in Urbana, Illinois, US, is a prominent entity in the higher education sector. Operating its official functions through its website uillinois.edu, the institution provides a range of educational programs and services. The University was founded in 1867 and has since grown dramatically both in size and reputation. Its core values are embodied in its mission to enhance the lives of its students and citizens in the state, nation, and world through leadership in learning, discovery, engagement, and economic development. The university boasts several notable achievements including producing Nobel laureates and Pulitzer prize winners. It is renowned for its research programs and is known for significant advancements across various fields including engineering, science, and humanities.

Industry

Colleges, universities, and professional schools

Company size

5,001 - 10,000 Employees

Headquarters location

Urbana, IL, US

Year founded

1974

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