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

AMR Safety Lead

Kitchener, ON · Hybrid

CA$92K - CA$115K/yr

Maintaining oversight of residual risk management and customer-facing safety documentation. * Lead ... Health Insurance including Medical and Dental * Health Care Spending Account (HCSA - dependent on ...

Account Manager

Kitchener, ON · On-site +1

CA$78K - CA$90K/yr

Our easy-to-use software platform enables thousands of restoration contractors and insurance ... Work with the CSM team to identify at-risk accounts and put together a strategy to secure the ...

FIU Analyst

Waterloo, ON · Hybrid

CA$51K - CA$86K/yr

The Manufacturers Life Insurance Company, Manulife Investment Management Limited, Manulife Wealth ... Investigate and assess the risk of alerts identified by Manulife's customer risk assessment tools ...

Maintenance Supervisor

Milton, ON · On-site

CA$85K - CA$95K/yr

Health Insurance (includes Virtual Health, and HCSA), Dental Insurance, Vision Insurance * Life ... Lead safety performance through hazard identification, risk management, and regulatory compliance.

Smart Risk-Taking. We transform risk into progress through data, experience, and intuition ... You will manage a range of accounts, ensuring customer SLA's are consistently met and manage ...

Smart Risk-Taking. We transform risk into progress through data, experience, and intuition ... You will manage a range of accounts, ensuring customer SLA's are consistently met and manage ...

Typically, 5+ in the group insurance industry specifically in group retirement services. * Strong ... We help companies and individuals around the globe address their most significant risk, workforce ...

Typically, 5+ in the group insurance industry specifically in group retirement services. * Strong ... We help companies and individuals around the globe address their most significant risk, workforce ...

Join HUB as an Account Manager, Personal Lines Insurance Are you passionate about building ... Analyze risk and pricing strategies to optimize coverage and ensure protection that's both ...

Join HUB as an Account Manager, Personal Lines Insurance Are you passionate about building ... Analyze risk and pricing strategies to optimize coverage and ensure protection that's both ...

Showing results 41-60

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:

Senior Business Development Representative - Ontario

Wawanesa Insurance

Kitchener, ON

CA$100K/yr

Full-time, Part-time

Retirement, PTO

Re-posted 20 days ago


Job description

Job ID: 9686 


Employment Type:
Existing Role


Working Business Language: English. This role is considered a head-office role and will be required to communicate with internal and external stakeholders across Canada where the primary business language for this role is English.  As such, the successful candidate must be fully proficient in English.

Salary: At Wawanesa, salary is only one component of a holistic, comprehensive and competitive offering that we provide to our employees. In addition to salary, full-time and part-time permanent employees are eligible for an annual bonus plan, leave of absence top-up programs and provided with generous vacation time, personal days, premium free benefits and pension plan. 
 

The salary offered for this role is determined with consideration to various factors, including but not limited to: your work location, local labour market conditions, external market salary data, internal pay equity and the knowledge, skills, experience and anticipated proficiency in the role. The base salary offered is estimated to be $100,000 +.  Candidates with salary expectations outside of the range are still encouraged to apply. 

About Us

The Wawanesa Mutual Insurance Company ("Wawanesa Mutual"), founded in 1896, is one of Canada's largest mutual insurers, with over $3.5 billion in annual revenue and assets of $10 billion (CAD). Wawanesa Mutual, with its National Headquarters in Winnipeg, is the parent company of Wawanesa Life, which provides life insurance products and services throughout Canada, and Western Financial Group, which distributes personal and business insurance across Canada. Wawanesa proudly serves more than 1.7 million members in Canada, and we are home to more than 3,300 employees distributed across the Canadian regions and communities where we operate. We give back to organizations that strengthen communities, donating more than $3.5 million annually to charitable organizations, including over $2 million annually in support of people on the front lines of climate change. We are also proud to be recognized as one of Manitoba's Top Employers. To learn more visit wawanesa.com. 


We are currently looking for dedicated, driven, and enthusiastic individuals who thrive in an environment that welcomes change and are looking for an opportunity for diverse experience and advancement on a growing team.
 

Job Overview

Under minimal supervision the Sr. Business Development Representative will; manage brokerage relationships between Wawanesa and brokerage network, develop and achieve targeted business goals with contracted brokers, and develop opportunities to grow the business with new brokerages and territories within the region, all which reflect Wawanesa's strategies.

Job Responsibilities

  • Act as the central liaison between Wawanesa and our brokers to ensure flow of communication and assist in solving any company/brokerage concerns.
  • Manage the brokerage relationship which includes; establishing and managing production results, setting and achieving growth and marketing plans based on individual brokerage plans and regional goals, and assessing a brokerages benefit or risk to regional goals.
  • Work effectively with functional departments and management teams to achieve plans and goals, which includes; training sessions, facilitating meetings with Wawanesa and brokerage staff, implementing underwriting plans, providing marketplace information, and directing claim or underwriting concerns to the appropriate channels at broker and Wawanesa offices.
  • Maintain a strong understanding and knowledge of marketplace, products, brokerages, and competitors.
  • Assess non contracted brokerage opportunities and territories to achieve growth and production plans.
  • Liaison and coordinate efforts with all Marketing and Business Development departments as required.
  • Perform other duties as assigned.
Qualifications
  • Minimum 5 years of relevant insurance experience within the commercial lines.
  • Strong understanding of broker operations, market dynamics, and regional business environments.
  • Experience working within the Ontario broker network and solid understanding of the local market (GTA and surrounding areas) is required. 
  • Post-secondary education in Business, Marketing, Communications, or a related field preferred; insurance designation considered an asset.
  • Ability to travel within assigned regions to meet with brokers, support relationship management, and drive growth initiatives.
  • Proven ability to analyze data, monitor performance, and provide insights that support strategic decision-making and broker success.
  • Proficient in Microsoft Office applications, with solid planning and organizational skills to manage multiple priorities effectively.
  • Strong presentation and training abilities, with the capability to tailor communication to diverse audiences.
  • Excellent verbal and written communication skills, with a collaborative approach that supports team and organizational goals.
  • Must reside in the Greater Toronto Area (GTA) to effectively support the regional market and travel within the territory as required.
  • Clean drivers abstract. 

#LI-WAWAWA


Diversity Equity, Inclusion& Belonging
At Wawanesa, we are committed to Diversity, Equity, Inclusion and Belonging (DEIB) and believe that our strength lies in the diversity of our people - this is supported by having a representative workforce.

We welcome applications from all qualified candidates, including racialized persons, women, Indigenous Peoples, persons with disabilities, members of the 2SLGBTQIA+ community, gender-diverse and neurodiverse individuals, and anyone who can contribute to the further diversification of thought and ideas. 
 

We aim to ensure our recruitment process is accessible to all candidates. If you require accommodations during any stage of the recruitment process, please reach out in confidence to jobs@wawanesa.com.
 

All Wawanesa job applicants are subject to Wawanesa's Privacy Policy.

Please note that the recruitment process for this position may involve the use of AI tools to screen, assess, or select applicants. All final decisions are taken or reviewed by human recruiters and human hiring leaders in compliance with all applicable legislation.