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

Newcastle

Operational Risk Specialist

Cobalt, CT · Hybrid

$99K/yr

About You We're looking for someone with a solid understanding of Operational Risk Management ... Private medical insurance * Access to a health cash plan through a Medicash scheme * Access to an ...

Munich Re

Senior IT Risk Officer

Hartford, CT · Hybrid

What You Bring * 8+ years of experience in IT audit, IT compliance, technology risk management, or a related field, ideally within insurance, reinsurance, banking, financial services, or another ...

Munich RE

Senior IT Risk Officer

Hartford, CT · On-site

What You Bring * 8+ years of experience in IT audit, IT compliance, technology risk management, or a related field, ideally within insurance, reinsurance, banking, financial services, or another ...

HomeServices of America

Insurance Producer

Hartford, CT · On-site

$19.23 - $24.03/hr

Market and sell personal lines insurance policies. Proactively contact all leads to recommend ... Working knowledge of risk assessment and risk management techniques. * Excellent analytical ...

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All JobsInsurance Risk JobsInsurance Risk Manager JobsInsurance Risk Manager Jobs in Portland, CT

Insurance Risk Manager information

See Portland, CT salary details

$83.5K

$123K

$188.3K

How much do insurance risk manager jobs pay per year?

As of Aug 12, 2026, the average yearly pay for insurance risk manager in Portland, CT is $123,034.00, according to ZipRecruiter salary data. Most workers in this role earn between $102,300.00 and $139,700.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as an Insurance Risk Manager?

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 cities near Portland, CT are hiring for Insurance Risk Manager jobs? Cities near Portland, CT with the most Insurance Risk Manager job openings:
Insurance Risk Manager jobs near you
Infographic showing various Insurance Risk Manager job openings in Portland, CT as of August 2026, with employment types broken down into 100% Full Time. Highlights an 74% In-person, 15% Hybrid, and 11% Remote job distribution, with an average salary of $123,034 per year, or $59.2 per hour.

Operational Risk Specialist

Newcastle

Cobalt, CT • Hybrid

$99K/yr

Full-time

Medical, Life, Retirement, PTO

Posted 12 days ago

Job description

Job Posting Title

Operational Risk Specialist

Salary Band

MP3

35,691 - 48,228

Job Description

About the role

As an Operational Risk Specialist, you'll play a key role in helping us maintain a strong and effective operational risk framework across the business. Working as part of our Operational Risk team, you'll partner closely with stakeholders to provide expert guidance, oversight and constructive challenge, helping them understand and manage operational risks effectively.

You'll support the development of a strong risk culture, promote accountability and ownership, and contribute to the ongoing enhancement of our risk management practices and systems.

About You

We're looking for someone with a solid understanding of Operational Risk Management within a regulated financial services environment. You'll have experience of operational risk methodologies such as RCSA, risk event management and scenario analysis, alongside the confidence to engage and challenge stakeholders at all levels.

You'll be a strong communicator with excellent attention to detail, commercial awareness and the ability to build effective working relationships across the business. If you're proactive, organised and passionate about helping businesses identify, manage and mitigate risk, we'd love to hear from you.

About us

The Newcastle Building Society Group comprises of Newcastle Building Society, Manchester Building Society, Newcastle Financial Advisers and Newcastle Strategic Solutions. Our purpose, connecting our communities with a better financial future inspires and directs our activities.

As an inclusive employer and member owned mutual, we aim to reflect the diverse communities we serve and encourage applications from candidates of all backgrounds. We believe everyone should feel valued, respected, and celebrated for who they are, we want colleagues to feel this is a place they belong. A place to be you.
What do you get in return? As well as receiving a competitive annual salary based on above-market pay scales, our reward package includes:

Financial

  • Corporate bonus scheme (on target 10%, up to a maximum 15%)

  • Pension scheme (up to 9% employer contribution)

  • Annual performance related pay reviews

  • Colleague mortgage scheme

  • Electric car salary sacrifice scheme

  • Life assurance (4x salary) and income protection

  • Access to our financial advisers

  • Access to a range of high street and online discounts

Work/Life Balance

  • A 35-hour weekly contract - We are happy to talk flexible working and welcome discussions

  • 30 days' annual leave + bank holidays

  • The option to buy and sell up to 5 days' holiday

  • Hybrid working (typically 3 days' home based)

  • Above statutory family leave entitlement - 3 months full pay, 3 months half pay, regardless of gender or route to parenthood

Health and Wellbeing

  • Private medical insurance

  • Access to a health cash plan through a Medicash scheme

  • Access to an employee assistance programme

  • Free onsite gym at our Cobalt head office and access to discounted gym's

  • Two paid volunteering days' each year

  • Cycle to work scheme

Recognising there's no one-size-fits-all approach to recruitment, we're committed to ensuring every candidate has the opportunity to showcase their full potential throughout the recruitment process. We strive to make our processes as accessible as possible, if there are any ways in which we can provide support or make adjustments, we would love to discuss this with you, you can contact your Recruiter for this vacancy at kate.wilkinson@newcastle.co.uk

Company:

Newcastle Building Society

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