ZipRecruiter

Log In

1

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

Bank of Montreal

Third Party Risk Manager

Chicago, IL · On-site

$74K - $138K/yr

Business Management In-depth knowledge of Global Third-Party Risk Management processes, lifecycle ... BMO also offers health insurance, tuition reimbursement, accident and life insurance, and ...

BMO Capital Markets

Third Party Risk Manager

Chicago, IL · On-site

$74K - $138K/yr

Management of risk stakeholder program execution and interaction with Third Party Risk Specialists ... BMO also offers health insurance, tuition reimbursement, accident and life insurance, and ...

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 ...

CJ Logistics

Risk Insurance Manager

Des Plaines, IL · Hybrid

$124K - $135K/yr

Risk Insurance Manager CJ Logistics America is seeking a Risk Insurance Manager to lead risk identification, claims resolution, and insurance compliance across our 3PL operations. In this pivotal ...

CJ Logistics

Risk Insurance Manager

Des Plaines, IL · On-site

$124K - $135K/yr

Risk Insurance Manager CJ Logistics America is seeking a Risk Insurance Manager to lead risk identification, claims resolution, and insurance compliance across our 3PL operations. In this pivotal ...

CJ Logistics

Risk Insurance Manager

Des Plaines, IL · Hybrid

Risk Insurance Manager CJ Logistics America is seeking a Risk Insurance Manager to lead risk identification, claims resolution, and insurance compliance across our 3PL operations. In this pivotal ...

CJ Logistics

Risk Insurance Manager

Des Plaines, IL · Hybrid

$124K - $135K/yr

Risk Insurance Manager CJ Logistics America is seeking a Risk Insurance Manager to lead risk identification, claims resolution, and insurance compliance across our 3PL operations. In this pivotal ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

This role supports the Risk and Investment Teams through portfolio-level risk aggregation, manager ... 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

This role supports the Risk and Investment Teams through portfolio-level risk aggregation, manager ... 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

This role supports the Risk and Investment Teams through portfolio-level risk aggregation, manager ... insurance, and other voluntary and well-being benefits. Northern Trust also provides a ...

Indeed

Senior Insurance Analyst

Chicago, IL · On-site

Maintain and update risk management documentation (e.g., certificates of insurance, local policies) to ensure accuracy and consistency across entities. * Partner with Finance to ensure premium ...

previous pagenext page

Showing results 21-40

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

Insurance Risk Manager information

See Elgin, IL salary details

$81.6K

$120.1K

$183.9K

How much do insurance risk manager jobs pay per year?

As of Sep 2, 2026, the average yearly pay for insurance risk manager in Elgin, IL is $120,109.00, according to ZipRecruiter salary data. Most workers in this role earn between $99,800.00 and $136,400.00 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 Elgin, IL look for?

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

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

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

Insurance Risk Manager jobs near you
Infographic showing various Insurance Risk Manager job openings in Elgin, IL as of August 2026, with employment types broken down into 1% As Needed, 73% Full Time, 22% Part Time, and 4% Contract. Highlights an 90% Physical, 1% Hybrid, and 9% Remote job distribution, with an average salary of $120,109 per year, or $57.7 per hour.

Risk and Insurance Analyst

Chicago Public Schools

Chicago, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 19 days ago

Job description

Chicago Public Schools (CPS) is a district on the rise, serving over 325,000 students in 500+ schools and employing over 45,000 people, most of them teachers. CPS has set ambitious goals to ensure that every student, in every school and every neighborhood, has access to a world-class learning experience that prepares each for success in college, career, and civic life. Aligned with our transformed philosophy, we are steadfastly focused on ensuring that the District provides resources equitably to support every student, every school, and every community. Six core values guide the work we do every day for our students - student-centered, whole child, equity, academic excellence, community partnership, and continuous learning. Each role in the district supports our vision that every student deserves a rigorous, joyful, and equitable learning experience.
The Office of Finance maintains the fiscal integrity of Chicago Public Schools (CPS) and provides financial leadership to the Chicago Board of Education according to state and federal legislation, government regulations, Board policies, and sound financial practices. Under the Treasurer, the Office of Risk Management is responsible for managing the property and casualty exposure of the district's plant and operations through insurance policies, self-insurance, claims administration, and risk transfer via vendor contracts.
Job Summary:
Reporting to the Risk and Insurance Manager, the Risk and Insurance Analyst assists in the administration of various financial and risk management matters for CPS. This position involves collaborating with CPS staff, financial professionals, insurance brokers, and vendors to identify and mitigate operational risks - making a positive impact on the public education system and the students we serve. This is a full-time, exempt position that will be paid for time worked on a salary basis.
The Risk and Insurance Analyst will be held accountable for the following responsibilities:
  • Aid in the compliance review of insurance requirements for CPS vendors, based on the guidelines established by the Office of Risk Management.
  • Oversee the issuance of CPS Certificates of Insurance to vendor partners within established limits for special event contracts.
  • Review and evaluate insurance requirements for license agreements or short-term rental contracts related to the use of CPS property.
  • Monitor and work with CPS Student Transportation vendors by maintaining proper insurance policy details and proof of coverage for ongoing reference.
  • Contribute to the annual organization and gathering of information for CPS's own insurance renewal applications, covering liability, property, and specialty areas.
  • Participate in various Risk Management processes, including contracts review, vendor outreach and communication, relationship management, and reporting.
  • Handle various department-related inquiries, escalate when necessary for further review; maintaining accurate records.
  • Coordinate payments for departmental vendor invoices and other payment responsibilities related to Risk Management.
  • Support the Office of Risk Management to achieve department goals.
  • Other duties as assigned.

In order to be successful and achieve the above responsibilities, the Risk and Insurance Analyst must possess the following qualifications:
Education Required:
  • Bachelor's degree from an accredited college or university, preferably in Business Administration, Finance or Risk Management or similarly related field.

Experience Required:
  • Minimum of (3) years of experience in business administration, finance, risk management, or insurance.

Knowledge, Skills, and Abilities:
  • Strong analytical, financial, and problem-solving skills.
  • Ability to interpret and apply CPS Rules and Policies.
  • Excellent communication skills for effective collaboration with various stakeholders.
  • Proficient in Microsoft Office, with advanced Excel skills.
  • Familiarity with Enterprise Financial Systems (EFS) preferred.
  • Adept user of the internet, email, and other office automation systems.
  • Ability to define problems, analyze data, and outline valid conclusions and action steps.

Benefits:
Health & Wellness: Your Care, Your Choice
CPS is committed to providing comprehensive health coverage to our employees and their eligible dependents. You'll have access to a variety of choices to best fit your needs:
Medical Plan Options
Pharmacy
Dental
Vision
Behavioral Health & EAP
Employee Wellness Program
Financial Security: Planning for Today and Tomorrow
We understand the importance of financial stability, which is why CPS offers strong retirement and savings options:
Basic Life Insurance
Life and Disability Insurance
Pension Plans
Supplemental Retirement Plans (403(b) and 457(b))
Flexible Spending Accounts (FSAs)
Spot Pet Insurance
Work-Life Balance: Supporting Your Personal and Professional Life
CPS values the well-being of its employees and offers competitive paid time off policies:
Paid Leave
Sick Leave
Vacation Days
Parental Leaves
Short-Term Disability
Religious Holidays
Leaves
Reference the Chicago Public Schools: A Comprehensive Benefits Overview or the benefits handbook for comprehensive details.
Conditions of Employment
As a condition of employment with the Chicago Public Schools (CPS), employees are required to:
  • Establish/Maintain Chicago Residency - Employees are required to live within the geographic boundaries of the City of Chicago within six months of their CPS hire date and maintain residency throughout their employment with the district. The Chicago residency requirement does not apply to temporary/part-time positions; however, all CPS employees must be residents of Illinois.

Apply