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

First Industrial

Insurance Coordinator

Chicago, IL · On-site

$58K - $68K/yr

Interacts with Corporate Insurance/Risk Management when needed to adjust contract requirements or complete internal waiver documentation. Essential Job Functions * Analyze and interpret lease and ...

First Industrial

Insurance Coordinator

Chicago, IL · On-site

$58K - $68K/yr

Interacts with Corporate Insurance/Risk Management when needed to adjust contract requirements or complete internal waiver documentation. Essential Job Functions * Analyze and interpret lease and ...

Capital One

Principal Risk Manager

Chicago, IL · On-site

Principal Risk Manager The Principal Risk Specialist is responsible for performing business compliance and operational risk and control activities. They are also responsible for educating and ...

JP Morgan Chase

Industry Risk Manager

Chicago, IL · On-site

As a Manager within our Industry Risk team, you will support Bankers and KYC Officers by providing subject matter expertise regarding AML risks presented by specific High-Risk Industries (TPPPs, MSBs ...

Capital One

Principal Risk Manager

Riverwoods, IL · On-site

Principal Risk Manager The Principal Risk Specialist is responsible for performing business compliance and operational risk and control activities. They are also responsible for educating and ...

Deloitte

Financial Risk Manager

Chicago, IL · On-site

Financial Services Manager - Financial Risk Our Deloitte Regulatory, Risk & Forensic team helps client leaders translate multifaceted risk and an evolving regulatory environment into defensible ...

JPMorgan Chase & Co

Industry Risk Manager

Chicago, IL · On-site

As a Manager within our Industry Risk team, you will support Bankers and KYC Officers by providing subject matter expertise regarding AML risks presented by specific High-Risk Industries (TPPPs, MSBs ...

JPMorgan Chase & Co.

Industry Risk Manager

Chicago, IL · On-site

$108K - $183K/yr

As a Manager within our Industry Risk team, you will support Bankers and KYC Officers by providing subject matter expertise regarding AML risks presented by specific High-Risk Industries (TPPPs, MSBs ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL

$80K - $133K/yr

Role Overview We are seeking an experienced Risk Manager to join our investment team and oversee ... insurance, and other voluntary and well-being benefits. Northern Trust also provides a ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

Role Overview We are seeking an experienced Risk Manager to join our investment team and oversee ... insurance, and other voluntary and well-being benefits. Northern Trust also provides a ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

Role Overview We are seeking an experienced Risk Manager to join our investment team and oversee ... insurance, and other voluntary and well-being benefits. Northern Trust also provides a ...

Early Warning Services

IT Risk Manager

Chicago, IL · Hybrid

Overview The Manager, Risk Management is responsible for the building and coordination of a centralized first-line of defense (LOD1) risk and internal control program efforts for Early Warning ...

Capital One

Manager, Risk Advisor

Riverwoods, IL · On-site

Manager, Risk Advisor Do you want to be part of an organization that's dedicated to helping Capital One identify, manage and effectively mitigate risk? Can you build relationships and employ ...

Crowe LLP

Third Party Risk Manager

Chicago, IL

Manager - Third Party Risk The position will be primarily responsible for managing and leading Third Party Risk Management (TPRM) engagements, including oversight of third-party assessments, client ...

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

Insurance Risk Manager information

See Chicago, IL salary details

$85K

$125.2K

$191.6K

How much do insurance risk manager jobs pay per year?

As of Jul 22, 2026, the average yearly pay for insurance risk manager in Chicago, IL is $125,168.00, according to ZipRecruiter salary data. Most workers in this role earn between $104,000.00 and $142,200.00 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 Chicago, IL? For Insurance Risk Manager jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Manager jobs in Chicago, IL look for? The top searched job categories for Insurance Risk Manager jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Insurance Risk Manager jobs? Cities near Chicago, IL with the most Insurance Risk Manager job openings:
Insurance Risk Manager jobs near you
Infographic showing various Insurance Risk Manager job openings in Chicago, IL as of July 2026, with employment types broken down into 1% As Needed, 73% Full Time, 21% Part Time, and 5% Contract. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $125,168 per year, or $60.2 per hour.

Insurance Coordinator

First Industrial

Chicago, IL • On-site

$58K - $68K/yr

Full-time

Re-posted 10 days ago

Job description

General Summary

Investigates, analyzes, and determines compliance of tenants/vendors with lease and contract insurance requirements for assigned region(s). Responsible to collect and verify that active tenants and vendors have valid COIs on file at all times. Supports Company’s contractual risk transfer program by collecting and verifying timely renewals of Certificates of Insurance (COI’s). Reviews and approves incoming COIs and documents insurance policy data in the Company’s proprietary tracking software applications. Analyzes lease agreements and vendor contracts to confirm accuracy of contract requirement data input to the software applications. Resolves non-compliance with contract requirements. Interacts with Corporate Insurance/Risk Management when needed to adjust contract requirements or complete internal waiver documentation.

Essential Job Functions
  1. Analyze and interpret lease and vendor contract language to ensure compliance and support insurance coordination efforts.
  1. Performs the collection, analysis, and data input of Certificate of Insurance “COI” data with accuracy and timeliness.
  1. Interacts with tenants, vendors and assigned regional offices to identify and resolve outstanding COI compliance issues, including confirmation that appropriate leases and contracts are scanned into AskFred/OnBase.
  1. Become proficient in the Company COI tracking software applications and follow established review process.
  1. Ability to comprehend insurance policies, cancellations, reinstatements, endorsements and other insurance-related documents.
  1. Follows up with insurance agents, brokers, tenants and vendors when necessary to obtain outstanding COIs.
  1. Processes internal waiver forms for tenants or vendors, where appropriate and as approved by regional VPO and Corporate Insurance/Risk Management
  1. Performs related functions such as running periodic compliance reports, responding to routine questions from assigned manager and Corporate Insurance/ Risk Management. Assists in fielding questions regarding the annual Loss Control Report Card.
  1. Performs other duties as assigned, some of which may be essential to the job.

Knowledge, Skills & Abilities

  1. Must have knowledge of customary property/casualty insurance policies, COI evidence and their relationship to real estate. Bachelor’s degree and/or experience in audit or compliance is preferred.
  1. Must possess strong analytical skills to effectively interpret and understand lease and vendor contract language
  1. Good interpersonal, written and telephone communication skills to respond promptly to internal and external inquiries with courtesy and professionalism.
  1. Strong organization and time management skills, able to work independently adhering to deadlines.
  1. Computer skills necessary to enter and manipulate words and data and use the Company’s proprietary software to communicate with others, prepare documentation, and/or analyze data.
  1. Internal Contacts: All levels of personnel within the corporate and regional offices to gather and exchange information.
  1. External Contacts: Insurance agents/brokers, tenant and vendor representatives.

Physical Requirements

  1. Work requires regularly sitting for extended periods of time when working with computer system.
  1. Work performed in a normal office environmental where there are relatively few physical discomforts due to dust, dirt and noise.

How to Apply

To apply for this position, please visit http://www.firstindustrial.com and submit a resume and cover letter through our “Careers” section.

Equal Employment Opportunity

First Industrial Realty Trust, Inc. is an Equal Opportunity Employer Committed to Diversity, M/F/D/V