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Insurance Risk Specialist Jobs (NOW HIRING)

Dieterich Bank

Risk Specialist

Effingham, IL · On-site

$3.0K - $10K/wk

Risk Specialist Dieterich Bank | Effingham, IL About the Role: Are you someone who enjoys working ... Life, AD&D & LTD Insurance * 401(k) Plan - Employer matching available * Employee Assistance ...

Insurancecenterinc

Senior Family Risk Specialist

Hamden, CT · On-site

$97K/yr

Description World Insurance Associates ("World") is a unique financial services organization with a ... The Senior Family Risk Specialist serves as a senior risk advisor responsible for evaluating ...

New

Insurancecenterinc

Senior Family Risk Specialist

Webster, NY · On-site

$90K/yr

Description World Insurance Associates ("World") is a unique financial services organization with a ... The Senior Family Risk Specialist serves as a senior risk advisor responsible for evaluating ...

New

Dieterich Bank

Risk Specialist

Effingham, IL · On-site

$18 - $23/hr

Risk Specialist Dieterich Bank | Effingham, IL About the Role: Are you someone who enjoys working ... Life, AD&D & LTD Insurance * 401(k) Plan - Employer matching available * Employee Assistance ...

Dieterich Bank

Risk Specialist

Effingham, IL · On-site

$3.0K - $10K/wk

Risk Specialist Dieterich Bank | Effingham, IL About the Role: Are you someone who enjoys working ... Life, AD&D & LTD Insurance * 401(k) Plan - Employer matching available * Employee Assistance ...

Heidelbergmaterials

Risk Specialist

Irving, TX · Hybrid

$67K - $89K/yr

Service & Support Pay Range: $67,130.00 - $89,516.66 The Risk Specialist I supports the ... This role is responsible for coordinating insurance-related activities, managing supplier ...

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Insurance Risk Specialist information

See salary details

$38K

$100.5K

How much do insurance risk specialist jobs pay per year?

As of Sep 15, 2026, the average yearly pay for insurance risk specialist in the United States is $94,940.00, according to ZipRecruiter salary data. Most workers in this role earn between $98,500.00 and $98,500.00 per year, depending on experience, location, and employer.

What does an Insurance Risk Specialist do?

An Insurance Risk Specialist is responsible for identifying, analyzing, and evaluating risks that could potentially impact an insurance company's portfolio or a client's insurance coverage. They assess the likelihood and potential impact of various risks, such as financial, operational, or environmental exposures, and recommend strategies to mitigate those risks. These professionals work closely with underwriters, actuaries, and clients to develop risk management policies and ensure compliance with regulations. Their goal is to help organizations minimize losses and make informed decisions about coverage and premiums.

What are the key skills and qualifications needed to thrive as an Insurance Risk Specialist, and why are they important?

To thrive as an Insurance Risk Specialist, you need strong analytical skills, knowledge of risk assessment methodologies, and typically a degree in finance, actuarial science, or a related field. Familiarity with risk modeling software, data analysis tools, and relevant certifications such as ARM (Associate in Risk Management) are commonly required. Excellent attention to detail, problem-solving abilities, and effective communication help you explain complex risks and collaborate with stakeholders. These skills are crucial for accurately identifying, evaluating, and mitigating potential risks to protect the company's financial health and ensure regulatory compliance.

What are some common challenges faced by Insurance Risk Specialists and how can they be addressed?

Insurance Risk Specialists often encounter challenges such as evaluating complex and evolving risks, staying current with regulatory changes, and balancing risk mitigation with business objectives. To address these, specialists typically engage in continuous learning, collaborate closely with underwriters, actuaries, and compliance teams, and leverage advanced risk assessment tools. Adapting to new technologies and maintaining strong communication with internal stakeholders also help in managing these challenges effectively.

What is the difference between Insurance Risk Specialist vs Insurance Underwriter?

AspectInsurance Risk SpecialistInsurance Underwriter
Primary RoleAssess and analyze risks to inform insurance decisionsEvaluate applications and determine policy terms and premiums
CredentialsOften requires certifications like CPCU or ARMSimilar certifications, such as CPCU or ARe, are common
Work EnvironmentOffice-based, collaborating with agents and clientsOffice-based, working closely with agents and underwriters
Industry UsageUsed across insurance companies, brokers, and risk management firmsPrimarily within insurance companies and underwriting agencies

Both roles involve evaluating risks and often require similar certifications. The Insurance Risk Specialist focuses on analyzing and advising on risk factors, while the Insurance Underwriter makes final decisions on policy issuance and pricing. They work in similar environments and are integral to the insurance industry, often collaborating but with distinct responsibilities.

More about Insurance Risk Specialist jobs

What cities are hiring for Insurance Risk Specialist jobs?

Cities with the most Insurance Risk Specialist job openings:

What are popular job titles related to Insurance Risk Specialist jobs?

For Insurance Risk Specialist jobs, the most frequently searched job titles are:

Insurance Risk Specialist jobs near you
Infographic showing various Insurance Risk Specialist job openings in the United States as of September 2026, with employment types broken down into 1% As Needed, 76% Full Time, 18% Part Time, and 5% Contract. Highlights an 84% Physical, 1% Hybrid, and 15% Remote job distribution, with an average salary of $94,940 per year, or $45.6 per hour.

Risk Specialist

Effingham, IL • On-site

Dieterich Bank
Commercial Banking • 51 - 200 employees
Learn more about Dieterich Bankexternal

$3.0K - $10K/wk

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 19 days ago

Dieterich Bank rating

7.2

Company rating: 7.2 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

Job description

Risk Specialist

Dieterich Bank | Effingham, IL

About the Role:

Are you someone who enjoys working with details, solving problems, and making sure things are done the right way? Dieterich Bank is looking for a Risk Specialist to join our team and help ensure we remain compliant with banking laws, regulations, and internal policies.

In this role, you'll work closely with our Risk & BSA team to monitor compliance programs, review transactions and accounts, assist with audits and regulatory requests, and help identify and resolve potential risks. This is a great opportunity for someone who is organized, dependable, and interested in building a career in banking, compliance, or risk management.

What You'll Do:

  • Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) / Office of Foreign Assets Control (OFAC)
    • Verification of CTRs & submission through the Verafin software.
      • Annual review of CTR exempt customers.
    • New account due diligence review against the Bank's Customer Identification Program and extending review to the bank subsidiary (Prime Equipment Finance LLC). Review daily Monarch CIF Relationship Changes Report. Track and report missing items until resolution
    • Review & clear low-level alerts from the Verafin software
    • Assist the BSA Officer & Assistant BSA Officer as needed in investigations
  • Review and action the Money Instrument Report for cash transactions of $3,000 to $10,000
  • Review and action the Dormancy/FDICIA Control Report
  • Assist with any internal compliance reviews
  • Assist regulators and external auditors with providing documents for 3rd party reviews
  • Answer questions and provide support for issues and questions initiated in the Risk & Compliance Help Desk
  • Maintain job knowledge through attendance at webinars
  • Nasdaq Verafin clean up and maintenance of RDC, ACH, Foreign Individuals, etc.

Knowledge, Skills, and Abilities:

  • Must demonstrate our core values of Integrity, Value, Service Excellence, & Teamwork.
  • Detail-oriented focus
  • Organizational skills
  • Ability to use CSI Nupoint, CSI CenterDoc. and Verafin, or the ability to adapt to new programs/software
  • Ability to meet deadlines
  • Strong communication skills (verbal and written)
  • Ability to work effectively with team members
  • Knowledge and practice of proper, basic phone etiquette
  • Ability to work independently
  • Basic accounting knowledge
  • Proficient in Microsoft Office

Schedule:

This is a full-time, 40-hour-per-week position, with a typical schedule between 8:00 a.m. and 5:00 p.m. Occasional evening or weekend work may be needed based on business needs.

You may also have the opportunity to travel to other branches for quarterly training or position-specific training. Some training may take place outside of the local area.

Benefits & Perks

We offer a comprehensive benefits package, including:

  • Group Health Insurance
  • Group Dental & Vision Insurance
  • Life, AD&D & LTD Insurance
  • 401(k) Plan - Employer matching available
  • Employee Assistance Program+
  • Discretionary Profit Sharing Plan
  • Discretionary Bonus Plan
  • Profit Sharing Plan
  • Paid Time Off (Holidays, sick time, personal time, and vacation)
  • 8 hours of paid time volunteer with a charity of their choice.

Why Join Dieterich Bank?

At Dieterich Bank, we believe our people are our greatest asset. We're looking for someone who wants to grow with us, learn new skills, and make a meaningful contribution to our team. If you're organized, curious, and enjoy work where attention to detail matters, we'd love to hear from you!

Dieterich Bank is an EEO/AA/Vet/Disability Employer.

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