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Insurance Risk Manager Jobs in Milwaukee, WI (NOW HIRING)

Associated Bank

Model Risk Manager

Milwaukee, WI · On-site

Responsible for ongoing management, the bank's Model Risk Management Program including continuous ... Personal banking, loan, investment and insurance benefits. Associated Bank serves more than 120 ...

Associatedbank

Model Risk Manager

Milwaukee, WI

Responsible for ongoing management, the bank's Model Risk Management Program including continuous ... Personal banking, loan, investmentand insurance benefits. Associated Bank serves more than 120 ...

US Bank

Risk Manager - Global Fund Services

Milwaukee, WI · On-site

$105K - $124K/yr

Bank is seeking a highly effective and dynamic Risk Manager to lead our pursuit of effectively ... Basic term and optional term life insurance * Short-term and long-term disability * Pregnancy ...

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All JobsInsurance Risk Manager JobsInsurance Risk Manager Jobs in Milwaukee, WI

Insurance Risk Manager information

See Milwaukee, WI salary details

$81.3K

$119.7K

$183.3K

How much do insurance risk manager jobs pay per year?

As of Jun 10, 2026, the average yearly pay for insurance risk manager in Milwaukee, WI is $119,712.00, according to ZipRecruiter salary data. Most workers in this role earn between $99,500.00 and $136,000.00 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 Milwaukee, WI look for? The top searched job categories for Insurance Risk Manager jobs in Milwaukee, WI are:
What cities near Milwaukee, WI are hiring for Insurance Risk Manager jobs? Cities near Milwaukee, WI with the most Insurance Risk Manager job openings:
Insurance Risk Manager jobs near you

Insurance Risk Manager

Timothy Jon & Associates

Milwaukee, WI • On-site

Full-time

Medical, Dental, Life, Retirement, PTO

Posted 14 days ago

Job description

A national commercial real estate firm based in Milwaukee, WI, is seeking an experienced Insurance Risk Manager to join its team. In this role, you will support enterprise-wide risk management and insurance programs by providing high-level expertise across a broad range of coverages. The position requires managing a complex, fast-paced insurance program and serving as a key liaison between internal stakeholders and external insurance brokerage partners to deliver best-in-class insurance solutions across multiple business units.
This role involves exercising independent judgment to analyze operations and contractual obligations in the context of insurance solutions to mitigate risk. You will coordinate risk management due diligence for new locations, projects, and business ventures, lead initiatives to enhance safety and risk control programs, and maintain strong relationships within the insurance marketplace, including carriers and brokers.
Key Responsibilities:
  • Build and maintain strong business relationships through phone, email, virtual meetings, and in-person interactions
  • Support leadership and operations teams with day-to-day insurance and risk management activities
  • Partner with insurance brokers to execute business priorities and risk-related deliverables
  • Coordinate internal and external risk management processes, ensuring accuracy, timeliness, and professionalism
  • Lead the annual insurance renewal process in collaboration with leadership and brokers, including preparation of underwriting information and carrier engagement
  • Drive improvements across insurance renewals, compliance, loss control, and overall risk management initiatives
  • Collaborate cross-functionally with finance, operations, legal, and other departments to achieve organizational objectives
  • Assist internal teams, adjusters, and brokers with insurance program administration, billing, claims management, and issue resolution
  • Perform additional duties as assigned by leadership

Required Qualifications:
  • Bachelor's degree or equivalent combination of education and experience
  • 5+ years of relevant experience in risk management and insurance
  • Strong relationship management and communication skills, with the ability to work effectively with brokers, carriers, and internal stakeholders
  • Proficiency in Microsoft Office Suite or similar tools
  • Willingness and ability to travel domestically and internationally

Preferred Qualifications:
  • Advanced degree in a related field
  • Professional insurance designations (CPCU, ARM, AIC, etc.)
  • Experience managing complex property insurance programs across U.S., London, and Bermuda markets, including layered program structures
  • Experience investigating complex or fatal liability claims
  • Familiarity with Risk Management Information Systems (RMIS), such as Origami
  • 10+ years of experience leading cross-functional teams
  • Captive insurance management experience (831(b) and 831(a))
  • Multiline and multistate claims investigation and documentation experience
  • Experience resolving large property loss claims, including negotiating advances
  • Experience implementing nationwide loss control programs in a remote environment
  • Knowledge of executive liability lines (Cyber, D&O, Crime, etc.)
  • Understanding of trust structures and related risk strategies
  • Strong training, development, and presentation skills
  • Experience in the retail insurance brokerage marketplace
  • Insurance modeling experience
  • Personal lines experience
  • Experience securing coverage for coastal properties (e.g., Florida, California)
  • Advanced database and spreadsheet skills
  • Experience working with public adjusters and negotiating recovery terms
  • Audit experience, including driver safety reporting systems such as Samba Safety
  • Ability to manage multi-state insurance broker teams

Compensation & Benefits:
  • Paid training, holidays, and vacation
  • Company-sponsored 401(k)
  • Comprehensive benefits package, including medical, dental, and life insurance
  • Additional company perks and wellness offerings

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