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Insurance Risk Manager Jobs in Worcester, MA (NOW HIRING)

Consigli Construction

Insurance & Risk Analyst

Milford, MA · On-site

$80K - $100K/yr

Risk Management Reports to: Director of Risk Management Supervisory Duties: No Salary Range: $80,000 - $100,000 The Insurance & Risk Analyst is a key member of the Risk Management team, supporting ...

Consigli Construction

Insurance & Risk Analyst

Milford, MA · On-site

$80K - $100K/yr

Risk Management Reports to: Director of Risk Management Supervisory Duties: No Salary Range: $80,000 - $100,000 The Insurance & Risk Analyst is a key member of the Risk Management team, supporting ...

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All JobsInsurance Risk JobsInsurance Risk Manager JobsInsurance Risk Manager Jobs in Worcester, MA

Insurance Risk Manager information

See Worcester, MA salary details

$82.2K

$121.1K

$185.3K

How much do insurance risk manager jobs pay per year?

As of Jul 16, 2026, the average yearly pay for insurance risk manager in Worcester, MA is $121,068.00, according to ZipRecruiter salary data. Most workers in this role earn between $100,600.00 and $137,500.00 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 are popular job titles related to Insurance Risk Manager jobs in Worcester, MA? For Insurance Risk Manager jobs in Worcester, MA, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Manager jobs in Worcester, MA look for? The top searched job categories for Insurance Risk Manager jobs in Worcester, MA are:
What cities near Worcester, MA are hiring for Insurance Risk Manager jobs? Cities near Worcester, MA with the most Insurance Risk Manager job openings:
Insurance Risk Manager jobs near you
Infographic showing various Insurance Risk Manager job openings in Worcester, MA as of July 2026, with employment types broken down into 1% As Needed, 70% Full Time, 25% Part Time, and 4% Contract. Highlights an 91% Physical, 2% Hybrid, and 7% Remote job distribution, with an average salary of $121,068 per year, or $58.2 per hour.
Insurance & Risk Analyst

Insurance & Risk Analyst

Consigli Construction

Milford, MA

$80K - $100K/yr

Full-time

Posted 29 days ago

Job description

Employment Type:   Full-Time 

FSLA:  Salary/Exempt 

Division:  Finance  

Department:  Risk Management 

Reports to:  Director of Risk Management 

Supervisory Duties: No 

Salary Range: $80,000 - $100,000

The Insurance & Risk Analyst is a key member of the Risk Management team, supporting the identification, analysis, and management of project-related risk across a diverse portfolio of construction projects. This role works closely with Project Teams, Insurance Brokers, and internal partners including Marketing and Legal to ensure that insurance requirements, coverage, and compliance documentation are managed accurately and effectively. The position provides hands-on exposure to construction risk, insurance placement, and coverage evaluation in a fast-paced, collaborative environment. 

Responsibilities / Essential Functions 
  • Review project insurance requirements and contracts to ensure compliance and identify coverage gaps 
  • Secure insurance quotes and facilitate coverage changes as needed 
  • Request and obtain certificates of insurance through insurance brokers 
  • Support management of Builder's Risk across projects, including data gathering, coverage review, and policy tracking 
  • Evaluate coverage needs, including Difference in Conditions and Deductible Buydown opportunities 
  • Coordinate procurement of Payment & Performance Bonds, including documentation and broker/surety coordination 
  • Review insurance invoices and deductible billings for accuracy and track associated costs 
  • Provide support for CCIP and OCIP programs 
  • Collaborate with Project Teams, brokers, and internal stakeholders to manage risk effectively 
  • Assist the Risk Management Department with additional needs as required 
Key Skills 
  • Strong verbal and written communication skills 
  • Ability to manage multiple priorities and meet deadlines 
  • Strong attention to detail and organizational skills 
  • Analytical and problem-solving mindset 
  • Ability to work collaboratively across teams and departments 
  • Proactive, self-motivated, and adaptable in a fast-paced environment 
  • Strong team player with a positive and professional approach 
Required Experience  
  • Bachelor's degree required 
  • 3-5+ years of relevant industry experience 
  • Working knowledge of insurance coverage types, terms, and policy structures 
  • Experience in construction insurance, brokerage, or carrier environment preferred 
  • Familiarity with construction projects and risk management practices 
  • Experience supporting insurance programs in Massachusetts and New York preferred 
  • Proficiency in Microsoft Office, including Excel 

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