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Insurance Risk Manager Jobs in Waterloo, ON (NOW HIRING)

Portfolio Manager

Kitchener, ON · On-site

CA$80K - CA$100K/yr (+ commission)

Develop and execute strategic, risk-managed investment plans tailored to each client's unique ... Partnered with Q Wealth Partners, we deliver comprehensive investment management, tax, insurance ...

Actuarial Specialist

Cambridge, ON · Hybrid

CA$97K - CA$147K/yr

... actuarial management and business partners. ​ Capital Modelling and Risk Assessment ... Accessibility for applicants Gore Mutual Insurance Company is committed to providing accommodations ...

Actuarial Specialist

Cambridge, ON · Hybrid

CA$97K - CA$147K/yr

... actuarial management and business partners. Capital Modelling and Risk Assessment * Support ... C Insurance Company * Strong actuarial modelling and analytical capabilities. * Advanced ...

Build and maintain a knowledge base of coverage lines as well as risk management solutions and insurance products. * Articulate a tailored value proposition in a manner that distinguishes Gallagher ...

Claims Adjuster

Waterloo, ON · Hybrid

CA$45K - CA$55K/yr

Post-secondary education in Insurance, Business, Risk Management, or a related discipline preferred. * Currently pursuing or willing to pursue a Chartered Insurance Professional (CIP) designation.

Showing results 21-40

Insurance Risk Manager information

See Waterloo, ON salary details

$10.3K

$69.3K

$107.7K

How much do insurance risk manager jobs pay per year?

As of Sep 2, 2026, the average yearly pay for insurance risk manager in Waterloo, ON is $69,307.00, according to ZipRecruiter salary data. Most workers in this role earn between $53,144.00 and $89,040.00 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 cities near Waterloo, ON are hiring for Insurance Risk Manager jobs?

Cities near Waterloo, ON with the most Insurance Risk Manager job openings:

Registered Insurance Broker (Sales)

People Corporation

Kitchener, ON

CA$50K - CA$55K/yr

Full-time

Medical, Dental, Retirement

Re-posted 14 hours ago


Job description

We are hiring a Registered Insurance Broker (Sales) for our Union Power team.
The Registered Insurance Broker is responsible for building relationships, identifying client needs, and delivering tailored insurance solutions across personal and commercial lines. This role is ideal for someone who enjoys a mix of sales, client service, and problem solving while working in a fast-paced environment where no two days look the same. You will support both new and existing clients, provide expert guidance, and play a key role in growing and maintaining a strong book of business.

The Registered Insurance Broker will:

  • Assessing the client's individual insurance needs (exposure identification) and obtaining quotes from insurers

  • Using professional knowledge andexpertisetoassistclients in obtaining personal and/or commercial insurance based on assessedneeds

  • Treating all clients in a fair,professionaland friendly manner

  • Provide professional insurance advice and guidance, including, but not limited to, advising on coverage options available in themarketplace

  • Quote personal lines new business opportunities via inbound calls, emailinquiriesand referrals.

  • Provide prompt and efficient customer service to your book of business during the first term of the policy.

  • Active in front-line underwriting to ensure risk meets internal and insurance company guidelines.

  • Proactively work prospect list.

  • Cross selling and upselling policies. Ensure proper coverage is provided based on client's needs.

  • Detailed documentation in broker management and insurance company portals.

  • Ensuring all applicable insurance company portals, as well as the broker management system, are fully documented after every clientinteraction

  • Adhere to, without exception andat all times, the RIBO Code of Conduct.Related, the broker must also have a solid understanding of the RIBO definition of "Misconduct"

  • Follow and adhere to instructions given by management, in particular file maintenance, collection of premiums, bindingauthorityand workflowinstructions

  • Be in compliance withany and allprovincial licensing requirements at all times, in particular those relating to continuing educationcredits

To be successfulas a Registered Insurance Brokerwith Union Power Insurance Brokers, you will need:
  • RIBO license required

  • Minimum of 3 years of insurance industry experience

  • Strong communication skills, both written and verbal

  • Effective organization, time management, and multi-tasking skills

  • The ability to work in a fast paced environment


All-star candidates will have:
  • Other industry qualifications such as CIP and CAIB

  • Experience with Sig, Applied Rating Services, AS400, and other company portals an asset

What's in it for you:
  • Learn by working alongside our experts

  • Extended health care and dental benefits

  • A retirement savings plan with company contributions

  • A suite of Health & Wellness offerings

  • Mental Health programs and support for you and your family

  • Competitive compensation

Our mission at Union Power Insurance Brokers is to provide professional and trusted insurance advice to members of Canada's Building Trades Unions. We are committed to bringing our customers the best insurance protection for their assets at the lowest possible price.

Providing an inclusive, accessible environment, where all employees and clients feel valued, respected and supported is something we're committed to. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employeehas the opportunity toreach their potential. If you require an accommodation or an alternative format of any posting please reach out tocareers@peoplecorporation.com.

The base salary for this position is between $50,000 - $55,000 annually.

This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc). The actual base salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. If you are selected to move forward in our recruitment process, the Talent Acquisition Specialist will be able to provide additional details of the total compensation for this role.