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Insurance Risk Manager Jobs in South Portland, ME

Maine Credit Union League

Risk Manager

Freeport, ME · On-site

$85 - $110/hr

Midcoast FCU is hiring a Risk Manager in Freeport. As Midcoast FCU continues to strengthen its ... life insurance * 401(k) with employer match program * paid time off * paid birthday off ...

Bowdoin College

Procurement & Risk Manager

Brunswick, ME · On-site

$124K - $140K/yr

Oversee the annual applications for insurance and renewal applications, conduct analysis to ... Coordinate and conduct campus-wide risk management training sessions, guidelines, and procedures ...

First Command

Financial Advisor

Scarborough, ME · On-site

Insurance/risk management Training and licensing support: * First Command offers a comprehensive training and licensing program designed for veterans, transitioning service members and military ...

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All JobsInsurance Risk JobsInsurance Risk Manager JobsInsurance Risk Manager Jobs in South Portland, ME

Insurance Risk Manager information

See South Portland, ME salary details

$84.8K

$124.9K

$191.1K

How much do insurance risk manager jobs pay per year?

As of Sep 5, 2026, the average yearly pay for insurance risk manager in South Portland, ME is $124,852.00, according to ZipRecruiter salary data. Most workers in this role earn between $103,800.00 and $141,800.00 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.

Insurance Risk Manager jobs near you
Infographic showing various Insurance Risk Manager job openings in South Portland, ME as of August 2026, with employment types broken down into 1% As Needed, 68% Full Time, 26% Part Time, and 5% Contract. Highlights an 85% Physical, 1% Hybrid, and 14% Remote job distribution, with an average salary of $126,037 per year, or $60.6 per hour.

Risk Manager

Maine Credit Union League

Freeport, ME • On-site

$85 - $110/hr

Other

Medical, Dental, Life, Retirement, PTO

Posted 4 days ago

Job description

Midcoast FCU is hiring a Risk Manager in Freeport.

As Midcoast FCU continues to strengthen its enterprise risk and compliance functions, we are building roles that ensure strong controls, regulatory alignment, and organizational consistency. This position plays a key role in supporting our mission of cultivating a thriving community, together.

Midcoast FCU is seeking a detail-oriented, collaborative, and operationally focused Risk Manager to support the execution of our enterprise risk, compliance, and fraud programs. This role partners closely with the Vice President of Risk Management and leaders across the organization to translate strategy into consistent, compliant operational practices.

What You'll Do:

The Risk Manager is responsible for the day-to-day management and execution of enterprise risk, compliance, BSA/AML, fraud, and vendor management functions. This role ensures regulatory requirements are met, operational processes are consistent, and risk-related activities are effectively coordinated across the credit union.

Key Areas of Responsibility:
  • Enterprise Risk & Compliance Program Execution - Manage the execution of Enterprise Risk Management and Compliance programs, including risk assessments, monitoring activities, issue tracking, and reporting. Review and analyze outputs from Risk Specialists and elevate emerging risks, trends, and concerns.
  • BSA/CFT, Fraud, & Vendor Management Coordination - Oversee daily monitoring, investigations, and case management activities related to BSA/CFT, fraud, and vendor management. Ensure work is completed accurately, timely, and in alignment with regulatory standards, while serving as a key escalation point for complex matters.
  • Audit & Examination Support - Coordinate internal, external, and regulatory audit and exam activities. Track findings, support remediation efforts, and ensure documentation and responses are complete, accurate, and audit-ready.
  • Team Leadership & Development - Supervise and develop Risk Specialists by assigning work, monitoring workload, and providing coaching, feedback, and performance management. Support ongoing training and ensure team knowledge remains current with regulatory and procedural changes.
  • Training & Cross-Functional Support - Support employee training efforts related to compliance, fraud, and risk management. Serve as a resource for departments and assist with maintaining procedures, workflows, and documentation to promote consistency and efficiency.
What Success Looks Like:

Success is reflected in accurate and timely execution of risk and compliance activities, well-prepared audit and examination outcomes, strong team performance, and effective collaboration across departments to manage risk and maintain compliance.

What You Bring:
  • 3-5 years of relevant experience in risk, compliance, fraud, or related functions.
  • Two-year college degree or equivalent combination of education, certifications, and experience.
  • Strong organizational, analytical, and problem-solving skills with the ability to manage multiple priorities.
  • Ability to communicate effectively, work cross-functionally, and handle sensitive information with discretion.

This is a hybrid position requiring some in-office presence and the ability to report to a designated branch location as needed.

Compensation commensurate with experience. Midcoast FCU offers a comprehensive benefits package including:

  • medical
  • dental
  • short/long term disability
  • life insurance
  • 401(k) with employer match program
  • paid time off
  • paid birthday off
  • additional wellness-based incentives

Midcoast FCU is an Equal Opportunity Employer.

Midcoast FCU is an equal opportunity employer. We value diversity and inclusion and consider all qualified applicants without regard to any legally protected status.

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