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Preferred Risk Insurance Jobs in Virginia (NOW HIRING)

UVA Health

Risk Manager

Manassas, VA · Remote

Prior risk management experience strongly preferred Risk Manager Job Code: RM1505 ABOUT US We are ... The Risk Manager reports directly to the Director, Risk Management and Insurance Operations.

M.C. Dean, Inc

Insurance Risk Specialist

Tysons, VA · On-site

$99K/yr

Preferred Qualifications * ARM, CPCU, CRM, AIC, or similar insurance designation. * Experience in ... Familiarity with contractual risk transfer and insurance requirements in customer and subcontract ...

M.C. Dean, Inc

Insurance Risk Specialist

Tysons, VA · On-site

$99K/yr

Preferred Qualifications * ARM, CPCU, CRM, AIC, or similar insurance designation. * Experience in ... Familiarity with contractual risk transfer and insurance requirements in customer and subcontract ...

Brookfield

Risk Analyst

Richmond, VA

Familiarity with insurance regulatory requirements, including NAIC guidance and ORSA Preferred * Experience within a Property & Casualty insurance organization * Working knowledge of enterprise risk ...

City of Harrisonburg

Risk Manager

Harrisonburg, VA · On-site

$75K - $85K/yr

The Risk Manager is an exempt full-time position with benefits and a preferred hiring range of $36 ... Your duties will also include advising on insurance requirements for special events and vendor ...

UVA Health

Risk Manager

Manassas, VA · On-site

The Risk Manager reports directly to the Director, Risk Management and Insurance Operations ... Graduate Degree preferred. Experience: Minimum of 5 years of clinical experience. Minimum of 3 ...

Hirebridge

Risk Manager

Alexandria, VA · On-site

Extensive knowledge of the insurance market and strong organizational, time management, and ... Construction industry experience is preferred. This is an onsite, in-office-based position and can ...

PC Construction Company

Risk Manager

Alexandria, VA · On-site

Extensive knowledge of the insurance market and strong organizational, time management, and ... Construction industry experience is preferred. This is an onsite, in-office-based position and can ...

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All JobsPreferred Risk Insurance JobsPreferred Risk Insurance Jobs in Virginia

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 Virginia?

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

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

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

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

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

Preferred Risk Insurance jobs near you

Vice President of Risk Management & Insurance

Falls Church, VA • On-site

HITT Contracting, Inc.
Construction • 1 - 5K employees
Learn more about HITT Contracting, Inc.external

Full-time

Medical, Dental, Vision, Retirement

Posted 4 days ago

Job description

Every day, our team members do amazing things in pursuit of our shared purpose to build trust with our clients, partners, subcontractors, and teammates. No matter your background, education, or career path, if you share our vision to create extraordinary experiences, you belong at HITT.
Vice President of Risk Management & Insurance
Job Description:
HITT Contracting has an immediate need for a Vice President of Risk Management and Insurance. This leadership role sets strategic direction and provides operational oversight for the company's risk management and insurance functions. As a key member of the leadership team, the Vice President protects HITT's assets and profitability by managing enterprise risk, insurance programs, and claims across all business units, including the operating companies within the holding company structure.
The Vice President of Risk Management and Insurance develops, implements, and continuously improves risk management standards, insurance programs, and claims practices. This leader negotiates carrier and broker relationships, manages the corporate insurance portfolio and captive insurance program, and partners with Operations, Preconstruction, and Legal to identify and mitigate project and enterprise risk.
This position leads the Risk Management and Insurance team and reports directly to the General Counsel. The Vice President serves as a strategic partner to Operations, Preconstruction, Legal, and Executive Leadership, positioning HITT to grow profitably while managing risk exposure.
Responsibilities
  • Provide executive leadership and strategic direction for Risk Management, Insurance, and Claims functions across the organization.
  • Set strategy for corporate insurance programs, including property, casualty, professional liability, and surety and bonding, and for broker, carrier, and underwriter relationships that secure competitive terms and coverage.
  • Set strategy for Owner-Controlled and Contractor-Controlled Insurance Programs (OCIP/CCIP), including when they apply to projects.
  • Oversee the company's captive insurance program, including governance, funding, and coordination across operating companies within the holding company structure.
  • Partner with Operations and Preconstruction leadership to establish project-specific insurance requirements, default risk strategies, and risk allocation approaches.
  • Set claims strategy and escalation protocols that drive efficient resolution and minimize losses across the portfolio.
  • Direct the analysis of loss trends and claims data to identify risk exposure and shape mitigation strategy.
  • Establish and continuously improve the enterprise risk management framework, standards, policies, and best practices across risk, insurance, and claims functions.
  • Advise executive leadership on emerging risks, market conditions, and regulatory changes affecting insurance, risk exposure, and the construction insurance and surety markets.
  • Shape contract risk transfer strategy, including certificate of insurance compliance and contractual risk transfer requirements, in partnership with Legal, Safety, Preconstruction, and Finance.
  • Oversee the subcontractor default insurance (SDI) program
  • Develop and present risk management reports, loss forecasts, and insurance program summaries to executive leadership and the board as needed.
  • Set departmental budget strategy, premium forecasting, and cost allocation across business units.
  • Shape talent strategy for the risk management function, building a high-performing team through mentorship, training, and career development.
  • Champion the adoption of risk management technology, analytics, and AI-assisted tools to improve risk identification and program efficiency.
  • Represent the company at industry organizations and events related to risk management, insurance, and surety.
  • Serve on corporate committees and contribute to organizational improvement initiatives.

Qualifications
  • Bachelor's degree in Risk Management, Insurance, Finance, Business Administration, or a related field required.
  • Minimum of 15 years of progressive experience in risk management, insurance, or related roles, preferably within construction or a related industry.
  • Proven experience managing complex corporate insurance programs, including property, casualty, professional liability, and surety and bonding.
  • Demonstrated ability to build and maintain strong relationships with brokers, carriers, legal counsel, and internal stakeholders.
  • Demonstrated success negotiating with brokers, carriers, and underwriters to secure favorable coverage and terms.
  • Strong knowledge of construction risk management practices, including OCIP/CCIP programs, subcontractor default insurance, and contractual risk transfer.
  • Experience managing claims processes and working with legal counsel and carriers to resolve complex claims.
  • Professional designations such as CPCU, ARM, or RPLU preferred.
  • Strong financial acumen with the ability to analyze risk exposure, loss trends, and insurance costs.
  • Exceptional verbal, written, presentation, and client-facing communication skills.
  • Ability to think strategically and manage multiple priorities in a fast-paced environment.
  • Demonstrated leadership competencies including strategic orientation, talent development, innovation, collaboration, and executive presence.

In accordance with Virginia Senate Bill 215 (SB 215), the base salary range for this position is:
$160,000.00 - $220,000.00
Compensation in other cities and states may vary. HITT Contracting offers a competitive total benefits and compensation package including performance-based bonuses, premium health care coverage including vision and dental, employer-matched 401(k), wellness reimbursement program, paid holidays and time-off, and other voluntary benefits and leave types. The determination of salary is based on the candidate's individual professional experience, qualifications, education, skills, and training.
HITT Contracting is an equal opportunity employer. We are committed to hiring and developing the most qualified individuals based on job-related experience, skills, and merit. All employment decisions are made without regard to race, color, religion, sex, national origin, age, disability, veteran status, or any other protected characteristic. We value a respectful, inclusive workplace where everyone has the opportunity to succeed. HITT Contracting maintains a drug-free workplace, consistent with applicable local, state, and federal laws.

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