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Junior Risk Manager Jobs in Illinois (NOW HIRING)

Lockton, Inc.

Risk Coverage Specialist

Chicago, IL · On-site

$101K/yr

... management needs * Strong leadership qualities including effective communication, motivation ... Serves as a mentor with strong focus on developing junior Associates * A thorough understanding of ...

Morgan Li LLC

Junior Estimator

Chicago Heights, IL · On-site

$50K - $60K/yr

Estimating Manager Position Status: Full Time GENERAL PURPOSE OF JOB: The Junior Estimator is ... Risk Identification * Communication Proficiency * Personal Effectiveness/Credibility * Microsoft ...

Morgan Li LLC

Junior Estimator

Chicago Heights, IL · On-site

$50K - $60K/yr

Estimating Manager Position Status: Full Time GENERAL PURPOSE OF JOB: The Junior Estimator is ... Risk Identification * Communication Proficiency * Personal Effectiveness/Credibility * Microsoft ...

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All JobsRisk JobsJunior Risk Manager JobsJunior Risk Manager Jobs in Illinois

Junior Risk Manager information

See Illinois salary details

$18.4K

$50.8K

$85.3K

How much do junior risk manager jobs pay per year?

As of Jul 16, 2026, the average yearly pay for junior risk manager in Illinois is $50,837.00, according to ZipRecruiter salary data. Most workers in this role earn between $34,900.00 and $55,700.00 per year, depending on experience, location, and employer.

What is the difference between Junior Risk Manager vs Risk Analyst?

AspectJunior Risk ManagerRisk Analyst
Required CredentialsBachelor's degree in finance, risk management, or related field; certifications like FRM or CRM are a plusBachelor's degree in finance, economics, or related field; certifications like FRM are common
Work EnvironmentCorporate risk departments, financial institutions, insurance companiesFinancial firms, consulting agencies, insurance companies
Employer & Industry UsageUsed in industries managing financial, operational, or compliance risksCommonly used in finance, banking, and insurance sectors

While both roles involve assessing and managing risks, a Junior Risk Manager typically has broader responsibilities including risk mitigation strategies and reporting, whereas a Risk Analyst focuses more on data analysis and risk assessment. The Junior Risk Manager often supervises Risk Analysts and implements risk policies, making it a more comprehensive role in risk management teams.

What are the key skills and qualifications needed to thrive as a Junior Risk Manager, and why are they important?

To thrive as a Junior Risk Manager, you need strong analytical abilities, attention to detail, and a background in finance, business, or risk management—often supported by a relevant bachelor's degree. Familiarity with risk assessment tools, data analysis software (such as Excel), and sometimes certifications like FRM or PRM are typically expected. Excellent communication, problem-solving, and organizational skills help you collaborate effectively and present risk findings clearly. These competencies are crucial for accurately identifying risks, supporting senior risk management decisions, and maintaining the organization's financial and operational integrity.

What does a Junior Risk Manager do?

A Junior Risk Manager supports the identification, analysis, and mitigation of potential risks that could impact a company's operations or financial performance. Their responsibilities often include gathering data, conducting risk assessments, preparing reports, and assisting senior risk managers with the implementation of risk management strategies. They help ensure that the organization complies with regulations and develops policies to minimize risk exposure. This role is typically entry-level and offers opportunities to learn about risk management frameworks and industry best practices.

What are the typical responsibilities of a Junior Risk Manager, and how does the role interact with other departments?

As a Junior Risk Manager, you will typically be responsible for assisting in identifying, assessing, and monitoring risks across the organization. Your day-to-day tasks may include conducting risk assessments, preparing reports, analyzing data, and supporting the implementation of risk mitigation strategies. Collaboration is key in this role; you'll work closely with departments such as compliance, finance, and operations to gather information, ensure policies are followed, and communicate risk findings. This cross-functional teamwork helps build a comprehensive understanding of the company's risk profile and offers valuable learning opportunities for career growth.
What are the most commonly searched types of Risk Manager jobs in Illinois? The most popular types of Risk Manager jobs in Illinois are:
What are popular job titles related to Junior Risk Manager jobs in Illinois? For Junior Risk Manager jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Junior Risk Manager jobs in Illinois look for? The top searched job categories for Junior Risk Manager jobs in Illinois are:
Junior Risk Manager jobs near you
Temporary Jr. Underwriter

Temporary Jr. Underwriter

Guarantee Trust Life Insurance Company

Glenview, IL • On-site

$27 - $33/hr

Temporary

Medical, Dental, Vision, Life, Retirement, PTO

Posted 28 days ago

Job description

Guarantee Trust Life Insurance Company (GTL) is currently seeking a Temporary Jr. Underwriterto join our team! The anticipated duration of the role would be through the end of September 2026.
Since 1936, GTL has offered cutting-edge insurance solutions and personalized service for our policyholders and distributors, while supporting personal growth and civic involvement from our employees. We're seeking candidates who are looking for meaningful work, who want to invest in their growth, and contribute to a company built on timeless virtues and best business practices.
This position is required to work on-site in our Chicagoland (Glenview, IL) office. We offer half-day Fridays - every Friday!
This individual will be part of an underwriting team focused on making sound decisions in helping achieve GTL's growth and profitability goals while providing exemplary service to our agents and policyholders. The key responsibility for this role is to analyze applications for health and life insurance by following established underwriting protocols and guidelines to ensure consistency with sound risk management principles.
Key Responsibilities:
  • Learn the underwriting processes associated with various GTL products and gain familiarity with the underwriting tools commonly employed.
  • Assess applications to ensure information provided is complete and correct.
  • Analyze information associated with each application to assess acceptability of risk in accordance with company protocols and guidelines. Request additional underwriting information as appropriate.
  • Act promptly while exercising sound, objective and consistent judgment in making underwriting decisions.
  • Provide support and communications, written and verbal, to sales and customer service personnel to keep them updated on application status.
  • Comply with insurance regulations as they relate to risk classification.
  • Treat underwriting information with the utmost confidentiality and use it solely for the purposes of evaluating and classifying the risk.

Education and Skills:
  • Two or more years of relevant or transferrable experience, associate degree or higher is a plus
  • Ability to work well within a team and efficiently manage multiple priorities
  • Strong communication, organizational, and analytical skills, critical thinking
  • Capacity for assimilating multiple sources of information and succeeding in a fast-paced setting
  • Underwriting experience or familiarity with medical terminology is a plus
  • Pay range for this role is $27-33 per hour, commensurate with experience

The pay range provided is not a guarantee of compensation. The range reflects potential pay for the job grade for this role at the time of this posting. Compensation will depend on several factors such as specific competencies, relevant education and experience, qualifications, and industry certifications. Compensation ranges are subject to change and may be higher or lower than the range described above.
Provided eligibility requirements are met employees will be eligible for the following benefits:
  • Medical
  • Health Savings Account (including employer contribution)
  • Dental
  • Vision
  • Basic Life Insurance (full premium paid by employer)
  • Voluntary Employee, Spouse and Child Life Insurance
  • Short-Term and Long-Term Disability
  • Paid Holidays
  • Paid time off including vacation, personal days, and sick time
    • The amount of time off varies based on tenure and hours worked
  • 401(k) and Profit-Sharing retirement plan
    • The company matches contributions up to 2% provided the employee contributes a minimum of 3%
    • The company may make a discretionary contribution to the Profit-Sharing plan

We invite you to learn more about Guarantee Trust Life by visiting our website: www.gtlic.com
Stay connected with GTL News Via:
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https://twitter.com/GTLNews
http://www.linkedin.com/company/guaranteetrustlifeinsurance
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