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Insurance Risk Manager Jobs in Troy, MI (NOW HIRING)

Conduct risk management surveys, determine insurance coverage needs, develop stewardship reporting and advise existing and prospective clients with insurance coverage options. * Provide continuous ...

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Insurance Risk Manager information

See Troy, MI salary details

$78.2K

$115.2K

$176.3K

How much do insurance risk manager jobs pay per year?

As of Jun 12, 2026, the average yearly pay for insurance risk manager in Troy, MI is $115,161.00, according to ZipRecruiter salary data. Most workers in this role earn between $95,700.00 and $130,800.00 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 Troy, MI look for? The top searched job categories for Insurance Risk Manager jobs in Troy, MI are:
What cities near Troy, MI are hiring for Insurance Risk Manager jobs? Cities near Troy, MI with the most Insurance Risk Manager job openings:
Risk Management Specialist (Controlled Insurance Program)

Risk Management Specialist (Controlled Insurance Program)

Walbridge

Detroit, MI

Other

Posted 23 days ago


Walbridge rating

8.3

Company rating: 8.3 out of 10

Based on 5 frontline employees who took The Breakroom Quiz


Job description

Overview

The Opportunity

As the Risk Management Specialist, you will be responsible for strategic oversight, internal coordination, and financial performance of Walbridge's Controlled Insurance Program (CIP) and compliance with the requirements of Owner Controlled Insurance Programs the enterprise is enrolled in. This role serves as the primary point of accountability for CIP administration, working closely with executive leadership, including the CFO and General Counsel, to ensure effective program governance, compliance, cost control, and alignment with project delivery and business development objectives.

This position is ideal for a risk management professional with strong financial acumen who thrives in a cross-functional, project-driven environment and can translate complex insurance and financial data into clear, actionable insights for project teams and leadership.

Location

You will work from our Enterprise headquarters in Detroit, MI

Responsibilities

Your Key Responsibilities

CCIP Governance & Oversight

  • Serve as the internal point of accountability for all CCIP projects.
  • Oversee broker and program administrator execution of contractor enrollment, payroll tracking, compliance, reporting, and closeout activities.
  • Review and validate CCIP processes, controls, and deliverables to ensure accuracy, timeliness, and contractual compliance.
  • Identify, escalate, and resolve program issues impacting project teams, subcontractors, or financial performance.

Program Administration Oversight

  • Ensure proper setup of CCIP projects, including scope definition, eligibility requirements, and coordination of kick-off and pre-bid meetings.
  • Review enrollment metrics, bid deduct processes, payroll submissions, and certificate issuance for completeness and consistency.
  • Monitor subcontractor compliance trends and direct corrective actions as needed.
  • Oversee renewals, reporting, and subcontractor closeout activities.

Financial Management, Forecasting & Analytics

  • Develop and maintain CCIP financial models, including enrollment assumptions, payroll projections, loss forecasts, and overall program cost tracking.
  • Monitor CCIP performance against budget and forecast, identifying financial risks and opportunities.
  • Coordinate with Finance, Project Controls, and brokers to reconcile CCIP costs, credits, and allocations.
  • Support internal audits and leadership reporting related to CCIP financial performance.

Internal & External Coordination

  • Act as the primary liaison between project teams, executive leadership, insurance brokers, program administrators, and carriers.
  • Provide training and guidance to Project Executives, Project Managers, and Estimating teams on CCIP requirements, processes, and responsibilities.
  • Ensure consistent communication practices and documentation standards across all CCIP projects.
Qualifications

To Qualify for the Role, You Must Have

  • Bachelor's degree in Risk Management, Finance, Construction Management, Business, or a related field, or equivalent experience.
  • 5+ years of experience in construction risk management, insurance programs, or wrap-up administration.
  • Direct experience with CCIPs and/or OCIPs, including enrollment, payroll, and compliance processes.
  • Strong financial acumen with experience in forecasting, budgeting, and cost analysis.
  • Demonstrated ability to oversee third-party administrators, brokers, and professional service providers.

Ideally, You'll Also Have

  • Experience working for a General Contractor, large construction manager, or owner.
  • Familiarity with wrap-up administration platforms and insurance reporting tools.
  • Experience supporting CCIP-related sales efforts or project pursuit activities.

Why Join Us

  • Play a critical role in the strategic oversight and financial performance of enterprise insurance programs.
  • Partner closely with executive leadership, project teams, and external stakeholders
  • Contribute to risk management excellence across complex, high-impact construction projects.
  • Be part of a collaborative, values-driven organization committed to continuous improvement.

Excited to make an impact? Apply now by clicking the "Apply" button below! We can't wait to hear from you! 

EEO/AA Employer M/F/D/V

Walbridge is an equal opportunity employer committed to fostering a diverse and inclusive workforce. We provide equal employment opportunities to all employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status, or any other legally protected status.

Employment Type: OTHER