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Preferred Risk Insurance Jobs in Illinois (NOW HIRING)

University of Utah

Risk Analysts

Campus, IL · On-site

$50K - $60K/yr

Preferences - Experience in claims administration, risk management, insurance operations, or office administration is preferred but not required. - The ideal candidate will be a collaborative and ...

University of Utah

Risk Analysts

Campus, IL · On-site

$50K - $60K/yr

Preferences - Experience in claims administration, risk management, insurance operations, or office administration is preferred but not required. - The ideal candidate will be a collaborative and ...

Chicago Public Schools

Bachelor's degree from an accredited college or university, preferably in Business Administration ... risk management, or insurance. Knowledge, Skills, and Abilities: * Strong analytical, financial ...

Starr Insurance Companies

Underwriting Assistant

Chicago, IL · On-site

$20 - $27.50/hr

... risk. * Familiarity with insurance terminology, concepts, and processes preferred. * Excellent attention to detail, accuracy, and organizational skills. * Strong verbal and written communication ...

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Preferred Risk Insurance information

What is preferred risk insurance?

Preferred Risk Insurance refers to insurance policies offered to individuals or businesses that are considered low risk by insurance companies. These policyholders typically have a favorable claims history, good credit, and other positive risk factors, which can result in lower premiums and better coverage options. Preferred risk categories exist in various types of insurance, including auto, home, and life insurance, and are used by insurers to reward responsible customers. Being classified as a preferred risk can help you save money and access more comprehensive insurance products.

What are the key skills and qualifications needed to thrive as a preferred risk insurance underwriter?

To thrive as a Preferred Risk Insurance Underwriter, you need a solid understanding of risk assessment, insurance policies, and underwriting principles, typically supported by a bachelor's degree in finance, business, or a related field. Familiarity with underwriting software, industry databases, and insurance regulations is crucial, and professional certifications like CPCU or AU are often preferred. Strong analytical thinking, attention to detail, and effective communication are vital soft skills for evaluating applications and collaborating with agents or clients. These skills ensure accurate risk evaluation, profitable decision-making, and regulatory compliance within the insurance industry.

What are some common challenges faced by professionals working in preferred risk insurance, and how can they effectively address them?

Professionals in Preferred Risk Insurance often face the challenge of accurately assessing and underwriting applicants who fall within favorable risk categories, while ensuring compliance with regulatory standards. Balancing competitive pricing with profitability is another key challenge, as is staying updated on evolving risk factors and industry trends. To address these issues, it's important to maintain strong analytical skills, foster clear communication with underwriting and sales teams, and regularly participate in training sessions or industry seminars. Collaboration with actuaries and claims specialists is also essential to ensure consistent risk evaluation and policy management.

What is the difference between Preferred Risk Insurance vs Commercial Insurance Agent?

AspectPreferred Risk InsuranceCommercial Insurance Agent
CredentialsLicenses required, often with specific state certificationsSame licenses, may require additional certifications for commercial policies
Work EnvironmentPrimarily office-based, handling personal insurance policiesOffice and client meetings, handling business and commercial policies
Industry UsageUsed by insurance companies to classify low-risk clientsUsed by agents to sell various insurance products, including commercial policies

Preferred Risk Insurance typically refers to clients or policies with lower risk profiles, often handled by agents specializing in personal insurance. Commercial Insurance Agents focus on selling policies for businesses, which usually involve higher risks. While both roles require licensing and industry knowledge, Preferred Risk Insurance emphasizes low-risk personal policies, whereas Commercial Insurance Agents deal with business-related coverage.

What are popular job titles related to Preferred Risk Insurance jobs in Illinois?

For Preferred Risk Insurance jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Preferred Risk Insurance jobs in Illinois look for?

The top searched job categories for Preferred Risk Insurance jobs in Illinois are:

What cities in Illinois are hiring for Preferred Risk Insurance jobs?

Cities in Illinois with the most Preferred Risk Insurance job openings:

Preferred Risk Insurance jobs near you
Infographic showing various Preferred Risk Insurance job openings in Illinois as of September 2026, with employment types broken down into 80% Full Time, and 20% Part Time. Highlights an 100% In-person job distribution.

Risk Analysts

Campus, IL • On-site

University of Utah
Colleges, Universities, and Professional Schools • 10K+ employees
Learn more about University of Utahexternal

$50K - $60K/yr

Full-time

Retirement

Posted 20 days ago

University Of Utah rating

6.9

Company rating: 6.9 out of 10

Based on 161 frontline employees who took The Breakroom Quiz

Job description

Details
Open Date 08/25/2026 Requisition Number PRN46010B Job Title Risk Analysts Working Title Risk Insurance Assistant Career Progression Track P00 Track Level P2 - Developing FLSA Code Administrative Patient Sensitive Job Code? No Standard Hours per Week 40 Full Time or Part Time? Full Time Shift Day Work Schedule Summary
M-F, 8-5
VP Area President Department 00363 - Risk & Insurance Services Location Campus City Salt Lake City, UT Type of Recruitment External Posting Pay Rate Range $50,000 - $60,000 DOE Close Date 11/25/2026 Priority Review Date (Note - Posting may close at any time) Job Summary
University of Utah Risk & Insurance Services (URIS) provides entrepreneurial and innovative services that assist individuals, departments, and administrators in identifying, managing, and monitoring risks associated with their programs and activities. URIS encourages ingenuity and leverages the upside of risk.
This position provides administrative, operational, and professional support to the Director and Managers of Risk & Insurance Services. The incumbent performs a wide range of ongoing functions and serves as a resource for internal stakeholders at all levels of the University, as well as external partners. This role offers an opportunity to learn and develop skills within the risk management and insurance profession.
The successful candidate will be a team-oriented, detail-focused, and self-motivated professional with strong organizational and communication skills. The individual must be comfortable handling difficult conversations with internal and external parties, demonstrate reliability and accountability, and maintain confidentiality while managing multiple responsibilities and deadlines.
Knowledge / Skills / Abilities:
- Demonstrated interpersonal skills and the ability to collaborate effectively in team environments and group decision-making processes.
- Strong organizational, written, and verbal communication skills.
- Commitment to providing exceptional customer service.
- Ability to adapt to organizational and program changes, navigate ambiguity, and respond constructively to challenges and setbacks.
- Demonstrated ability to work independently while contributing effectively within a highly collaborative team environment.
- Strong conflict resolution and problem-solving skills.
- Ability to maintain confidentiality and exercise discretion when handling sensitive information.
- Proficiency with Microsoft Office applications and the ability to learn new systems and technologies.
This position may be eligible for a hybrid work arrangement, subject to departmental needs and University policies.

Learn more about the great benefits of working for University of Utah: benefits.utah.edu
Responsibilities
- Conduct investigations of automobile, liability, and property claims, including fact gathering, loss mitigation, claim evaluation, settlement coordination, and claim closure.
- Communicate effectively by phone, email, and in person to investigate, negotiate, and resolve claims in a timely and professional manner.
- Utilize risk management and claims information systems to document, track, and manage claims and related activities.
- Process financial transactions and claim payments in accordance with departmental procedures and supervisory direction.
- Serve as a resource to the University community by providing guidance on risk management, insurance, and claims-related matters.
- Maintain department databases and records, and prepare reports, analyses, and information requests as needed.
- Assist with the renewal and administration of commercial insurance policies and self-insurance programs.
- Process Certificates of Insurance and review special event applications.
- Provide guidance regarding University driver training requirements.
- Evaluate potential risk exposures and recommend appropriate risk mitigation and loss prevention measures.
- Direct inquiries to departmental resources, including the Risk & Insurance Services website and other University offices, as appropriate.
- Support departmental projects and initiatives and perform other duties as assigned.
Minimum Qualifications
EQUIVALENCY STATEMENT: 1 year of higher education can be substituted for 1 year of directly related work experience (Example: bachelor's degree = 4 years of directly related work experience).

Requires a bachelor's (or equivalency) + 4 years or a master's (or equivalency) + 2 years of directly related work experience.
Preferences
- Experience in claims administration, risk management, insurance operations, or office administration is preferred but not required.
- The ideal candidate will be a collaborative and service-oriented professional who is detail-oriented, self-motivated, organized, dependable, and able to communicate effectively with a variety of stakeholders. 
- Demonstrated ability to manage multiple priorities, follow through on assignments, and contribute positively to a team environment is highly valued.
- Prior experience working at the University of Utah or within a higher education environment is preferred but not required.
Type Benefited Staff Special Instructions Summary Additional Information
The University is a participating employer with Utah Retirement Systems ("URS"). Eligible new hires with prior URS service, may elect to enroll in URS if they make the election before they become eligible for retirement (usually the first day of work). Contact Human Resources at (801) 581-7447 for information. Individuals who previously retired and are receiving monthly retirement benefits from URS are subject to URS' post-retirement rules and restrictions. Please contact Utah Retirement Systems at (801) 366-7770 or (800) 695-4877 or University Human Resource Management at (801) 581-7447 if you have questions regarding the post-retirement rules.
This position may require the successful completion of a criminal background check and/or drug screen.
The University of Utah values candidates who have experience working in settings with students and possess a strong commitment to improving access to higher education.
Veterans' preference is extended to qualified applicants, upon request and consistent with University policy and Utah state law. Upon request, reasonable accommodations in the application process will be provided to individuals with disabilities.
Consistent with state and federal law, the University of Utah does not discriminate based upon race, ethnicity, color, religion, national origin, age, disability, sex, sexual orientation, gender, gender identity, gender expression, pregnancy, pregnancy-related conditions, genetic information, or protected veteran's status. The University does not discriminate on the basis of sex in the education program or activity that it operates, as required by Title IX and 34 CFR part 106. The requirement not to discriminate in education programs or activities extends to admission and employment. Inquiries about the application of Title IX and its regulations may be referred to the Title IX Coordinator, to the Department of Education, Office for Civil Rights, or both.
To request a reasonable accommodation for a disability or if you or someone you know has experienced discrimination or sexual misconduct including sexual harassment, you may contact the Director/Title IX Coordinator in the Office of Equal Opportunity and Title IX (OEO). More information, including the Director/Title IX Coordinator's office address, electronic mail address, and telephone number can be located at the: University of Utah NonDiscrimination page.
Online reports may be submitted at https://oeo.utah.edu

https://publicsafety.utah.edu/safetyreport/ This report includes statistics about criminal offenses, hate crimes, arrests and referrals for disciplinary action, and Violence Against Women Act offenses. They also provide information about safety and security-related services offered by the University of Utah. A paper copy can be obtained by request at the Department of Public Safety located at 1658 East 500 South.
As per University of Utah policy 5-108: Transfer of Benefits Eligible Staff Members, a new hire to the University of Utah who is still serving a 12 month probationary period will not be hired into another University of Utah job (a transfer) until the successful completion of the probationary period.

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About University of Utah

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The University of Utah is the state’s flagship institution of higher education, with 18 schools and colleges, more than 100 undergraduate majors and graduate programs, and an enrollment of more than 38,000 students. It is a member of the Association of American Universities—an invitation-only, prestigious group of 71 leading research institutions. The U is advancing a new national model for higher education that delivers societal impact through education, research, health care, and community service, while making social, economic, and cultural contributions that improve lives across Utah and around the world.

Industry

Colleges, universities, and professional schools

Company size

10,000+ Employees

Headquarters location

Salt Lake City, UT, US

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