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Insurance Risk Manager Jobs (NOW HIRING)

This role will be responsible for overseeing and continuously improving the organization's risk and insurance strategies, including bond and surety programs and compliance efforts. The Risk Manager ...

Remote (United States) Job Summary DLB is seeking an experienced Corporate Counsel and Risk Manager to lead enterprise risk management, contract and insurance risk oversight, and compliance ...

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Insurance Risk Manager information

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$82.5K

$121.5K

$186K

How much do insurance risk manager jobs pay per year?

As of Jul 21, 2026, the average yearly pay for insurance risk manager in the United States is $121,506.00, according to ZipRecruiter salary data. Most workers in this role earn between $101,000.00 and $138,000.00 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.
More about Insurance Risk Manager jobs
What cities are hiring for Insurance Risk Manager jobs? Cities with the most Insurance Risk Manager job openings:
What states have the most Insurance Risk Manager jobs? States with the most job openings for Insurance Risk Manager jobs include:
Infographic showing various Insurance Risk Manager job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 70% Full Time, 23% Part Time, and 6% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $121,506 per year, or $58.4 per hour.
Commercial Insurance Risk Analyst

Commercial Insurance Risk Analyst

Fairview Health Services

Minneapolis, MN • On-site

$81K - $115K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 15 days ago


Fairview Health Services rating

7.7

Company rating: 7.7 out of 10

Based on 245 frontline employees who took The Breakroom Quiz

158th of 886 rated healthcare providers


Job description

Job Overview
The Commercial Insurance Risk Analyst works closely with the System Director, Risk Insurance to safeguard the organization's assets through self-insurance and commercial insurance programs. This position assists the System Director, Risk Insurance with identifying and evaluating risks of loss to the organization, formulating appropriate insurance coverage recommendations for the self-insurance and commercial insurance programs and implementing process improvement initiatives. The Commercial Insurance Risk Analyst works with internal customers throughout the organization, insurance brokers, commercial insurers, insurance regulators and Fairview's captive insurance company. This position takes a lead role in ensuring that coverage applications, policies, records and reports are complete and accurate.
Responsibilities
  • Assist with identifying, evaluating, addressing and monitoring organizational risks.
  • Assist in notifying and consulting with insurance brokers, insurance companies, and regulatory authorities regarding coverage changes and enhancements that may be needed to address new and existing risks.
  • Assist with minimizing risk of financial loss through ongoing assessment of the scope and adequacy of the organization's insurance and self-insurance coverages.
  • Assist with reviewing contracts, agreements, and leases to identify and minimize new and transformed risks and to ensure insurance requirements are appropriate for those risks.
  • Gather underwriting and exposure data and complete applications for new and renewal insurance policies.
  • Manage surety bond program including placement of new bonds.
  • Maintain schedule of property locations/statement of values, vehicle schedule and driver roster.
  • Assist with developing and revising operational policies and procedures as needed.
  • Monitor, maintain and regularly update system for continuously monitoring motor vehicle records (MVRs) of employed and volunteer drivers subject to MVR checks as per company policy.
  • Review new and renewal commercial insurance policies for accuracy and completeness upon receipt.
  • Review insurance invoices for accuracy and submit for payment.
  • Conduct annual Directors and Officers Insurance survey to identify company employees participating on external boards as part of their job duties and to obtain the names of those boards.
  • Gather exposure data for actuary and assist with reviewing actuarial reports.
  • Assist with preparing and tracking annual budget for captive, workers' compensation and commercial insurance coverages.
  • Create and revise miscellaneous reports as needed.
  • Manage certificates of insurance function, including distribution of certificates issued from self-insurance policies.
  • Comply with and maintain knowledge of all relevant laws, regulations, policies, procedures and standards.
  • Continually seek ways to improve processes to create cost savings and efficiencies
  • Perform other duties as assigned from time to time.

Required Qualifications
  • 4-Year Degree in Business, Accounting, Finance, Insurance, or equivalent work experience in insurance
  • 3 years risk management, commercial insurance and/or self-insurance experience
  • Ability to safeguard sensitive information and effectively manage projects, deadlines and priorities
  • Self-motivated and detail-oriented with strong analytical and problem-solving skills
  • Advanced Microsoft Office skills, particularly Outlook, Excel, Word and PowerPoint

Preferred Qualifications
  • 5 years risk management, commercial insurance and/or self-insurance experience
  • Captive insurance experience
  • Health care experience
  • Minnesota Property Casualty Insurance Agent License
  • Insurance designation, such as Associate in Risk Management (ARM) or
  • Chartered Property Casualty Underwriter (CPCU)

Benefit Overview
Fairview offers a generous benefit package including but not limited to medical, dental, vision plans, life insurance, short-term and long-term disability insurance, PTO and Sick and Safe Time, tuition reimbursement, retirement, early access to earned wages, and more! Please follow this link foradditional information: https://www.fairview.org/careers/benefits/noncontract
Compensation Disclaimer
The posted pay range is for a 40-hour workweek (1.0 FTE). The actual rate of pay offered within this range may depend on several factors, such as FTE, skills, knowledge, relevant education, experience, and market conditions. Additionally, our organization values pay equity and considers the internal equity of our team when making any offer. Hiring at the maximum of the range is not typical. If your role is eligible for a sign-on bonus, the bonus program that is approved and in place at the time of offer, is what will be honored.
EEO Statement
EEO/Vet/Disabled: All qualified applicants will receive consideration without regard to any lawfully protected status

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About Fairview Health Services

Sourced by ZipRecruiter

Fairview Health Services is an industry-leading, award-winning nonprofit that offers an entire network of healthcare services. Fairview is one part of M Health Fairview, a partnership between the University of Minnesota, M Physicians and Fairview Health Services. Together, we combine the University's deep history of clinical innovation and training with Fairview's extensive roots in community medicine. Our care portfolio includes community hospitals, academic hospitals, primary and specialty care clinics, senior facilities, facilitated living centers, rehabilitation centers, home health care services, counseling, pharmacies and benefit management services.

Industry

Health care and social assistance

Company size

10,000+ Employees

Headquarters location

Minneapolis, MN, US