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Insurance Risk Manager Jobs in Fairfield, CT (NOW HIRING)

Insurance and Reinsurance and Monoline Excess. The Company is an equal employment opportunity employer. Enterprise Risk Management (ERM) Team Our key risk management aim is to maximize Berkley ...

Bachelor's degree in Business, Risk Management, Finance, Insurance, or related field preferred. * 5+ years of experience in insurance operations, risk management, brokerage, or corporate insurance ...

OR • Associates degree in Insurance, Risk Management, Business Administration, or related field and 4 years' experience within the New York insurance market, specifically regarding Workers ...

Insurance & Risk Management * Vehicle Acquisition & Disposition * Registration & Compliance * Vendor & Service Provider Management * Budgeting & Cost Control * Documentation & Recordkeeping

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Insurance Risk Manager information

See Fairfield, CT salary details

$84.1K

$123.9K

$189.7K

How much do insurance risk manager jobs pay per year?

As of Jul 22, 2026, the average yearly pay for insurance risk manager in Fairfield, CT is $123,891.00, according to ZipRecruiter salary data. Most workers in this role earn between $103,000.00 and $140,700.00 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 Fairfield, CT look for? The top searched job categories for Insurance Risk Manager jobs in Fairfield, CT are:
What cities near Fairfield, CT are hiring for Insurance Risk Manager jobs? Cities near Fairfield, CT with the most Insurance Risk Manager job openings:
Infographic showing various Insurance Risk Manager job openings in Fairfield, CT as of July 2026, with employment types broken down into 1% As Needed, 71% Full Time, 22% Part Time, and 6% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $123,891 per year, or $59.6 per hour.
Senior Analyst/Analyst, ERM

Senior Analyst/Analyst, ERM

Berkley

Greenwich, CT

Full-time

Posted 3 days ago


Job description

'Our Company provides a state of predictability which allows brokers and agents to act with confidence." 

Founded in 1967, W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States. 

Along the way, we’ve been listed on the New York Stock Exchange, become a Fortune 500 Company, joined the S&P 500, and seen our gross written premiums exceed $10 billion. 

Today the Berkley brand comprises more than 60+ businesses worldwide and is divided into two segments:  Insurance and Reinsurance and Monoline Excess.  

The Company is an equal employment opportunity employer.  

 


Enterprise Risk Management (ERM) Team
Our key risk management aim is to maximize Berkley’s return on capital over the long term for an acceptable level of risk. This requires regular interaction with senior management both in corporate and our business units. The ERM team comprises ERM actuaries and catastrophe modelers responsible for identification, quantification and reporting on insurance, investment, credit and operational risks. The ERM team is a corporate function at Berkley’s headquarters in Greenwich, CT.

The Role
The successful candidate will work on high-impact projects with a focus on casualty accumulation, risk assessment and group reporting. This role is an excellent fit for someone who is energized by analytical depth, eager to understand how insurance products drive risk and capital, and motivated to improve and automate existing processes using data and AIenabled tools. Candidates who thrive in this role enjoy learning, collaborating, and taking initiative as our ERM function continues to evolve.

Key responsibilities include:

Casualty Accumulation
• Assist with the design and automation of the casualty data ETL process to improve accuracy and scalability
• Analyze and visualize casualty accumulations by insureds, lines and industries to generate actionable insight for business leaders


Emerging Risk Monitoring
• Assist with assessment of exposure to cyber insurance risk and climate change
• Assist with research of artificial intelligence and other emerging risks and evaluate their potential implications on property and casualty lines
• Assist with the development of casualty event scenarios to help senior management understand the financial impact of extreme events


Risk Assessment and Group Reporting
• Support the implementation and continuous improvement of risk assessment processes across domestic and international business units
• Contribute to Group-level ERM reports
• Support international business units in their ERM reporting


Group Capital Assessment
• Perform capital and solvency projections, including stress tests
• Assist with the Group’s capital allocation process


Business & Strategic Thinking
• Minimum of 2 years of experience in P&C (re)insurance, preferably in actuarial, risk or related analytical roles
• Strong critical thinking and problem solving skills; able to evaluate different options, challenge assumptions and connect analytical results to meaningful business implications

Communication & Collaboration
• Strong verbal and written communication skills
• Collaborative work style and a willingness to partner closely with colleagues across disciplines and geographies

Growth Orientation
• Proven ability to manage multiple priorities and meet deadlines in a dynamic environment
• Self motivated, diligent and comfortable with hands on work, including detailed data and process tasks, while also stepping back to see the bigger picture

Technical Fluency and Automation Mindset
• Proficiency in Excel; experience with data visualization tools is a plus
• Working knowledge of programming concepts, including functions and loops
• Ability to work with large datasets and produce reliable, well structured analysis
• Interest in using technology, including AI enabled tools, to streamline and automate recurring processes
• Bachelor’s degree or higher


Professional Development
Berkley has an actuarial study program that offers both time and financial compensation for passing exams