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

Finance Director

Springfield, IL · On-site

$175K - $215K/yr

Captive Insurance & Risk Management * Serve as the primary financial liaison for the organization's captive insurance program. * Oversee captive financial reporting, premium allocations, loss reserve ...

IT Program Manager

Springfield, IL · On-site

$70 - $90/hr

Experience managing regulatory, compliance, risk management, or digital transformation initiatives. Knowledge of insurance operations, including policy administration, claims processing, underwriting ...

Investigator

Springfield, IL · On-site

$28 - $38/hr

Ethos Risk Services is a leading insurance claims investigation and medical management company, specializing in surveillance and fraud detection. At the forefront, we provide accurate data and ...

Ethos Risk Services is a leading insurance claims investigation and medical management company, specializing in surveillance and fraud detection. At the forefront, we provide accurate data and ...

Investigator

Springfield, IL · On-site

$28 - $38/hr

Ethos Risk Services is a leading insurance claims investigation and medical management company, specializing in surveillance and fraud detection. At the forefront, we provide accurate data and ...

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Showing results 1-20

Insurance Risk Manager information

See Springfield, IL salary details

$81.8K

$120.4K

$184.3K

How much do insurance risk manager jobs pay per year?

As of Sep 8, 2026, the average yearly pay for insurance risk manager in Springfield, IL is $120,425.00, according to ZipRecruiter salary data. Most workers in this role earn between $100,100.00 and $136,800.00 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.

What job categories do people searching Insurance Risk Manager jobs in Springfield, IL look for?

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

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

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

Infographic showing various Insurance Risk Manager job openings in Springfield, IL as of August 2026, with employment types broken down into 1% As Needed, 75% Full Time, 20% Part Time, and 4% Contract. Highlights an 90% Physical, 1% Hybrid, and 9% Remote job distribution, with an average salary of $120,425 per year, or $57.9 per hour.

Enterprise Risk and Training Manager

Chatham, IL

United Community Bank
Commercial Banking • 11 - 50 employees

$80K - $100K/yr

Full-time

Posted 18 days ago


Key responsibilities

  • Coordinate the drafting, review, approval, and publication of enterprise policies.

  • Administer the enterprise training calendar, develop training content, and monitor completion status.

  • Coordinate enterprise risk and control self-assessments, document risks and controls, and track remediation activities.


Job description

United Community Bank is looking for an Enterprise Risk & Training Manager. This position will help the Chief Risk Officer administer the Bank's enterprise risk governance framework by coordinating policy lifecycle management, enterprise training, and risk and control assessments. The position partners with business-unit leaders and subject-matter experts to maintain clear, current, and consistently applied governance documentation; facilitate timely training; and produce reliable, auditable risk information for management and Board oversight.

Essential Duties and Responsibilities:

Policy Governance

  • Coordinate the drafting, periodic review, approval, and publication of enterprise policies with document owners, executive management, and applicable Board or management committees
  • Monitor policy review deadlines, follow up on overdue items, and maintain evidence supporting approvals, revisions, exceptions, and retirements
  • Promote consistent policy structure, terminology, version control, and record retention practices across the Bank
  • Coordinate communication of material regulatory changes that require policy and/or process updates and help document change management tasks and employee acknowledgements

Training Coordination

  • Administer the enterprise training calendar and coordinate assignment of required courses based on job responsibilities, regulatory requirements, policy changes, identified risks, and management direction
  • Partner with Compliance Officers, Human Resources, Information Security, business leaders, and other subject-matter experts to develop, obtain, schedule, and distribute training content
  • Monitor completion status, issue reminders and escalation reports, maintain training records, and prepare periodic completion and exception reporting for management and the Board.
  • Assess the continuing relevance of assigned curricula and recommend changes to course content, timing, audiences, and delivery methods

Risk and Control Assessments

  • Coordinate enterprise risk and control self-assessments, including assessment scheduling, business-unit outreach, data collection, documentation standards, and quality review
  • Facilitate identification and documentation of risks, mitigating controls, control owners, inherent and residual risk ratings, control effectiveness assessments, and supporting rationale
  • Challenge incomplete or inconsistent assessment information and work with business owners to resolve documentation gaps
  • Maintain assessment records in the Bank's governance, risk, and compliance systems to ensure accurate aggregation of risk results
  • Coordinate recurring control assessments and help track weaknesses, significant deficiencies, remediation plans, responsible parties, and target completion dates

Governance Reporting and Program Support

  • Prepare status reports, committee materials, and Board reporting related to policy administration, training completion, risk assessments, control effectiveness, and remediation activity
  • Identify opportunities to improve governance workflows, templates, data quality, automation, and reporting consistency
  • Develop and maintain effective working relationships at all levels
  • Maintain familiarity with bank products and services
  • Maintain familiarity with all regulatory standards
  • Maintain familiarity with and uphold all Bank policies and procedures
  • Complete all training requirements as assigned
  • Performs other related duties and special projects as assigned

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Computer Requirements:

  • Proficiency in Microsoft Office (Word, Excel, Access, and Power Point)
  • Experience with project and issue tracking software
  • ProSight (AKA BAI) Learning Manager experience is a plus

Education/Experience Requirements:

  • Bachelor's Degree in business or related field or equivalent experience is preferred
  • 8-12 years of banking experience, preferably in Compliance and Risk Management
  • 3-5 years of project management and/or training coordination experience preferred

Additional Requirements:

  • Proven leadership qualities
  • Familiarity with all areas of banking
  • Strong attention to detail and accuracy
  • Strong time management and organizational skills
  • Ability to practice discretion and handle confidential information in a professional manner
  • Ability to handle sensitive and confidential situations and comprehend the level of confidentiality that comes along with the position and protecting employee's, customer's and bank information
  • Problem Solving/Analysis skills
  • Ability to communicate effectively and professionally with customers and coworkers
  • Ability to read, write and comprehend simple instructions, short correspondence and memos
  • Ability to perform basic mathematical calculations and to work with mathematical concepts and apply them to work situations
  • Ability to manage and execute more than one task at a time
  • Ability to define problems, collect data, establish facts, and draw valid conclusions
  • Ability to independently perform duties, establish priorities and meet deadlines with limited supervision
  • Ability to adhere to safety and compliance regulations and procedures
  • Knowledge of financial institution regulations
  • Ability to exercise sound judgement that is consistent with established policies, procedures and business practices
  • Understanding of Machine Learning and Artificial Inteligence as they apply to risk management

Attendance Requirements:

Employees are expected to report to work as scheduled, on time and prepared to start work. Employees are expected to remain at work for their entire work schedule. Late arrival, early departure or other absences from scheduled hours should be avoided.

Certificates, licenses, or registrations: (certifications not required)

Working Conditions:

This job operates in a clerical setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.

Physical requirements:

  • Requires bending, stooping or standing as necessary
  • Requires sitting for extened peiods of time
  • Requires the ability to hear, speak and/or signal people
  • Effectively communicate verbally, in writing, and in English
  • Requires manual dexterity, typing, and the ability to key in data
  • The employee may occasionally lift and/or move up to 25 pounds