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Loss Control Risk Management Jobs in Illinois (NOW HIRING)

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Loss Control Risk Management information

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$77

How much do loss control risk management jobs pay per hour?

As of Jul 2, 2026, the average hourly pay for loss control risk management in Illinois is $58.89, according to ZipRecruiter salary data. Most workers in this role earn between $45.19 and $73.85 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Loss Control Risk Management professional, and why are they important?

To thrive in Loss Control Risk Management, you need expertise in risk assessment, safety regulations, and incident prevention, typically supported by a degree in occupational safety, engineering, or a related field. Familiarity with risk management software, safety auditing tools, and certifications like CSP (Certified Safety Professional) or ARM (Associate in Risk Management) is often expected. Strong analytical thinking, communication, and problem-solving skills help you develop effective safety programs and collaborate with stakeholders. These skills and qualifications are critical for minimizing losses, ensuring regulatory compliance, and protecting people and assets within an organization.

What are some typical challenges faced by professionals in Loss Control Risk Management, and how can they be addressed?

Professionals in Loss Control Risk Management often encounter challenges such as gaining buy-in from clients or internal teams to implement recommended safety measures and keeping up with evolving regulatory standards. Addressing these challenges requires strong communication skills to clearly convey the value of risk mitigation and continuous professional development to stay current on industry regulations. Collaboration with operational staff, management, and external stakeholders is crucial to ensure that loss control strategies are practical and effectively adopted.

How much does a risk manager get paid?

A risk manager in loss control and risk management typically earns between $70,000 and $120,000 annually, depending on experience, industry, and location. Senior risk managers or those with specialized certifications can earn higher salaries, and the role often requires strong analytical skills and knowledge of safety protocols.

What is loss control in risk management?

Loss control in risk management involves identifying, assessing, and implementing measures to reduce the frequency and severity of potential losses or accidents. Loss control specialists analyze workplace hazards, develop safety protocols, and recommend improvements to prevent injuries, property damage, or financial loss, often using tools like safety audits and risk assessments. This role supports organizations in maintaining safety standards and minimizing liability.

What is Loss Control Risk Management?

Loss Control Risk Management is a process used by organizations and insurance companies to identify potential risks and implement strategies to minimize losses, especially those related to safety, property damage, and liability. Professionals in this field assess workplaces, procedures, and systems to uncover hazards and recommend improvements. Their goal is to reduce the frequency and severity of claims, ensuring safer operations and helping organizations comply with regulations. Effective loss control can also lead to lower insurance premiums and a safer environment for employees and customers.

What is the difference between Loss Control Risk Management vs Safety Coordinator?

AspectLoss Control Risk ManagementSafety Coordinator
CertificationsCPR, OSHA, CSP or ARMOSHA 10/30, CSP, OSHA certifications
Work EnvironmentInsurance companies, risk management firms, corporate safety departmentsIndustrial sites, construction, manufacturing facilities
Employer & Industry UsageInsurance, risk management, corporate safetyConstruction, manufacturing, facilities management

Loss Control Risk Management professionals focus on identifying and mitigating risks to prevent losses, often working with insurance and corporate safety teams. Safety Coordinators primarily implement safety policies on-site to ensure compliance and protect workers. While both roles emphasize safety, Loss Control Risk Management has a broader scope related to risk assessment and insurance, whereas Safety Coordinators focus on day-to-day safety procedures.

What is the highest paying risk management job?

In risk management, executive roles such as Chief Risk Officer (CRO) typically have the highest salaries, often exceeding six figures annually. These positions require extensive experience, advanced certifications, and strong leadership skills, and they oversee enterprise-wide risk strategies in large organizations.

What is the highest salary for a risk manager?

The highest salaries for risk managers can exceed $150,000 annually, especially for those with extensive experience, advanced certifications like CRM or FRM, and leadership roles in large organizations. Senior risk managers or risk directors in major industries may earn even higher compensation, including bonuses and incentives.
What are popular job titles related to Loss Control Risk Management jobs in Illinois? For Loss Control Risk Management jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Loss Control Risk Management jobs in Illinois look for? The top searched job categories for Loss Control Risk Management jobs in Illinois are:
Loss Control Risk Management jobs near you
Infographic showing various Loss Control Risk Management job openings in Illinois as of June 2026, with employment types broken down into 72% Full Time, and 28% Contract. Highlights an 100% In-person job distribution, with an average salary of $122,482 per year, or $58.9 per hour.
Director of Risk Management

Director of Risk Management

The Inland Real Estate Group of Companies, Inc.

Oak Brook, IL • On-site

$145K - $189K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired today. Applications are no longer accepted.

Job description

Director Of Risk Management

The Inland Real Estate Group of Companies, a diversified real estate, investment, and financial services organization, is seeking an experienced Director of Risk Management to lead and advance our enterprise-wide risk management strategy. This is a highly visible, senior-level role with broad exposure to executive leadership and multiple business lines across the organization.

Reporting directly to the Chief Risk Officer, EVP, the Director of Risk Management will oversee complex insurance programs, captive operations, claims management, and key financial and strategic risk initiatives. Inland Risk Management operates as a shared service model, offering the opportunity to collaborate closely with leaders across the firm and influence risk strategy at an enterprise level.

Key Responsibilities
  • Lead the placement, structure, and ongoing management of complex property & casualty insurance programs, including D&O/E&O, Cyber, EPL, Fiduciary, Crime, and Workers' Compensation.
  • Oversee claims management, ensuring effective resolution and cost control.
  • Manage and grow a single-parent captive insurance program domiciled in Vermont, coordinating with brokers, captive managers, and internal stakeholders to maximize utilization and revenue opportunities.
  • Conduct comprehensive risk assessments and enterprise risk analysis, identifying exposures and developing mitigation strategies.
  • Support and participate in Enterprise Risk Management (ERM) and Environmental, Social & Governance (ESG) initiatives.
  • Develop and execute strategies for collateral recovery, strengthening financial outcomes and reducing losses.
  • Perform risk-related financial forecasting, providing insight and recommendations to support strategic decision-making.
  • Participate in group P&L reviews, analyzing trends, variances, and opportunities for improvement.
  • Serve as a key advisor to leadership on insurance market conditions, coverage optimization, and cost containment.
  • Develop, implement, and maintain risk management policies and procedures in alignment with regulatory and industry best practices.
  • Act as a key member of the Cyber Security Incident Response Team and ESG committee.
  • Lead, mentor, and develop the risk management team, fostering professional growth and continuous improvement.
  • Perform supervisory duties including hiring, performance management, coaching, promotion, and disciplinary actions.
  • Maintain the highest standards of professionalism, integrity, and compliance with all laws, policies, and regulations.
  • Perform other duties as assigned.
Supervisory Responsibility
  • Directly supervises two team members:
    • Administrative Assistant
    • Claims Specialist
Qualifications

Education

  • Bachelor's degree with a concentration in Risk Management, Finance, or equivalent professional experience required

Experience

  • 10+ years of progressive experience in Risk Management, Claims, Loss Control, Insurance, and Financial Management
  • Demonstrated experience with captive insurance administration (required)

Licenses & Certifications

  • Property & Casualty License required (or able to obtain within 1 year)
  • ARM (Associate in Risk Management) strongly preferred

Skills & Technical Expertise

  • Expert-level Microsoft Excel skills
  • Proficiency in Microsoft Word and Outlook
  • Experience with RMIS and TPA systems
  • Strong analytical, financial, and problem-solving skills
  • Excellent written and verbal communication abilities
  • Proven leadership skills with the ability to influence across diverse business groups
Why Join Inland
  • High-impact, enterprise-level leadership role
  • Exposure to executive leadership and multiple business platforms
  • Opportunity to shape and grow a sophisticated risk function and captive program
  • Stable, well-established organization with a long-term view

Annual Base Salary Range: $145,567-$189,237. This position is eligible to participate in the company's annual discretionary bonus program. Inland offers a competitive range of benefits for eligible Full-time employees:

  • Medical/Dental/Vision insurance (PPO)
  • Participation in the company 401(k) plan with a company match
  • Vacation Time, Nine Paid Holidays, Three floating holidays per year
  • Sick time
  • Tuition reimbursement opportunity
  • Company-paid life insurance equaling your annual base salary
  • Company-paid short-term and long-term disability
  • Paid Parental Leave

This position is eligible as an internal promotion opportunity. To learn more about the Benefits Inland offers its employees please click the link to learn more.

We are a drug-free workplace. Pre-employment background checks and drug screening is performed on all new hires, in accordance with applicable laws and regulations.

We are an Equal Opportunity Employer. We consider applicants for all positions without regard to race, color, religion, sex, national origin, age, sexual orientation, familial, marital or veteran status, disability, or any other legally protected classes. We are an E-Verify employer. Please click the following link to learn more.

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