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Junior Risk Analyst Jobs in Aurora, IL (NOW HIRING)

Ability to coach and mentor junior team members. * A collaborative mindset and a passion for improving processes and systems. * Experience in catastrophe risk analysis or a related field is a plus.

Lead status meetings, oversee campaign reviews, delegate tasks, and mentor junior staff. * Calendar ... Analytical Prowess: Utilize social analytics tools, including native reporting, to drive ...

Senior Credit Underwriter

Chicago, IL · On-site

$125K - $170K/yr

Senior Credit Risk Analyst - Financial Products As a Senior Credit Risk Analyst based in Chicago ... to junior analysts, and values shared success across regions and cultures. Please note that this ...

Senior Credit Underwriter

Chicago, IL · On-site +1

$125K - $170K/yr

Senior Credit Risk Analyst - Financial Products As a Senior Credit Risk Analyst based in Chicago ... to junior analysts, and values shared success across regions and cultures. Please note that this ...

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Junior Risk Analyst information

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How much do junior risk analyst jobs pay per hour?

As of May 28, 2026, the average hourly pay for junior risk analyst in Aurora, IL is $31.84, according to ZipRecruiter salary data. Most workers in this role earn between $22.88 and $35.05 per hour, depending on experience, location, and employer.

What is a Junior Risk Analyst job?

A Junior Risk Analyst is an entry-level professional responsible for identifying, assessing, and mitigating potential risks within an organization. They analyze financial data, market trends, and operational processes to help senior risk analysts and management make informed decisions. Key tasks include data collection, risk modeling, report preparation, and ensuring compliance with regulatory guidelines. Strong analytical skills, attention to detail, and knowledge of risk management principles are essential for success in this role.

What are the key skills and qualifications needed to thrive in the Junior Risk Analyst position, and why are they important?

To thrive as a Junior Risk Analyst, you need strong analytical abilities, attention to detail, and a degree in finance, economics, mathematics, or a related field. Familiarity with risk management software, Excel, data analysis tools, and an understanding of regulatory frameworks such as Basel or SOX are beneficial, and certifications like FRM or CFA are advantageous. Effective communication, critical thinking, and a collaborative mindset are key soft skills for excelling in this role. These competencies enable you to accurately assess risks, contribute valuable insights, and work seamlessly within interdisciplinary teams to support organizational decision-making.

What are the typical responsibilities of a Junior Risk Analyst on a day-to-day basis?

As a Junior Risk Analyst, your daily tasks often include gathering and analyzing data related to market, credit, or operational risks, preparing risk reports, and assisting with the development of risk models. You may also support more senior analysts with research projects, help monitor compliance with risk policies, and participate in meetings to discuss findings and recommendations. Collaboration with other departments, such as finance, compliance, and operations, is common to ensure all relevant data is considered. This role provides hands-on experience in risk assessment processes and working as part of a broader risk management team, making it a great opportunity to learn and grow in the field.
What are the most commonly searched types of Risk Analyst jobs in Aurora, IL? The most popular types of Risk Analyst jobs in Aurora, IL are:
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Senior Catastrophe Risk Analyst

Senior Catastrophe Risk Analyst

Gallagher

Chicago, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 5 days ago


Arthur J. Gallagher & Co. rating

7.7

Company rating: 7.7 out of 10

Based on 66 frontline employees who took The Breakroom Quiz

174th of 258 rated insurance


Job description

Introduction
At Gallagher Re, we bring clarity to complexity by helping clients around the world make confident, data-driven decisions in a rapidly evolving risk landscape. Here, you’ll be part of a team that leverages world-class analytics and deep reinsurance expertise to deliver strategic advisory services and transactional excellence. Together, we transform advanced insights and market intelligence into strategies that protect businesses, drive performance, and shape the future of reinsurance. We’re a community of decision makers, future shapers, and trusted experts working side by side to deliver meaningful impact through innovative thinking and practical solutions. At Gallagher Re, your curiosity is welcomed, your growth is championed, and your work truly matters. This is a place where you'll have the freedom to explore new ideas, take ownership of your career, and collaborate with people who are as driven and inquisitive as you are.

Overview

At Gallagher Re, we’re looking for a Senior Catastrophe Risk Analyst to join our team and help analyze natural catastrophe risks for insurance and reinsurance underwriting. In this role, you’ll work with advanced tools and data to assess portfolio risks, develop exposure models, and create analysis procedures that support critical business decisions.

This is a dynamic role where you’ll contribute to impactful projects, collaborate with cross-functional teams, and help improve processes and systems to enhance performance.


How you'll make an impact

You’ll process and analyze natural catastrophe risk information to support underwriting and portfolio risk assessments. You’ll prepare analyses for realistic disaster scenarios, risk aggregation, and other risk measurement requirements.

You’ll also manage projects and processes independently, coach junior team members, and contribute to process improvements. By leveraging your expertise, you’ll help improve products, systems, and procedures to enhance the function’s overall performance.

 

Here’s what you’ll bring to the role:

  • Experience managing projects, systems, or processes with limited supervision.
  • Strong problem-solving skills to address moderately complex challenges.
  • Ability to coach and mentor junior team members.
  • A collaborative mindset and a passion for improving processes and systems.
  • Experience in catastrophe risk analysis or a related field is a plus.

About You
  • Typically requires a University Degree and minimum 5 years of prior relevant experience, or equivalent experience
  • Experience with catastrophe modeling platforms including AIR (Verisk) and RMS
  • Exceptional written and verbal communication skills to effectively engage with clients and colleagues 
  • Strong problem-solving skills and keen attention to detail 

#LI-BB1


Compensation and benefits

We offer a competitive and comprehensive compensation package. The base salary range represents the anticipated low end and high end of the range for this position. The actual compensation will be influenced by a wide range of factors including, but not limited to previous experience, education, pay market/geography, complexity or scope, specialized skill set, lines of business/practice area, supply/demand, and scheduled hours. On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits. 

Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:

  • Medical/dental/vision plans, which start from day one!
  • Life and accident insurance
  • 401(K) and Roth options
  • Tax-advantaged accounts (HSA, FSA)
  • Educational expense reimbursement
  • Paid parental leave

Other benefits include:

  • Digital mental health services (Talkspace)
  • Flexible work hours (availability varies by office and job function)
  • Training programs
  • Gallagher Thrive program – elevating your health through challenges, workshops and digital fitness programs for your overall wellbeing
  • Charitable matching gift program
  • And more...

**The benefits summary above applies to fulltime positions. If you are not applying for a fulltime position, details about benefits will be provided during the selection process.

We value inclusion and diversity

Click Here to review our U.S. Eligibility Requirements

Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws.

Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.

Qualifications:
  • Typically requires a University Degree and minimum 5 years of prior relevant experience, or equivalent experience
  • Experience with catastrophe modeling platforms including AIR (Verisk) and RMS
  • Exceptional written and verbal communication skills to effectively engage with clients and colleagues 
  • Strong problem-solving skills and keen attention to detail 

#LI-BB1

Education:UNAVAILABLEEmployment Type: FULL_TIME

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