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Preferred Risk Insurance Jobs in Downers Grove, IL

Brookfield

Risk Analyst

Chicago, IL

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

Gallagher

Client Services Manager

Rolling Meadows, IL · On-site

Solid understanding of risk, insurance, and claims. Often travels for client needs (e.g., claim reviews, stewardship discussions). Preferred: Strong working knowledge of GB products and services. Has ...

Alero Financial

Third Party Risk Manager

Elgin, IL · On-site

$120K - $150K/yr

CTPRP or similar designation preferred. Skills and Competencies * In-depth understanding of ... Life Insurance * 401(k) match * Profit sharing * PTO * Flexible Spending Account * Tuition ...

Socket.dev

Third Party Risk Manager

Carol Stream, IL · On-site

$120K - $180K/yr

CTPRP or similar designation preferred. Skills and Competencies * In-depth understanding of ... Life Insurance * 401(k) match * Profit sharing * PTO * Flexible Spending Account * Tuition ...

DV Trading

Operational Risk Manager

Chicago, IL

Strong preference for experience at a proprietary trading firm, market maker, broker-dealer, or ... Medical, dental, and vision insurance * HSA, FSA, and Dependent Care Options * Employer Paid Group ...

Munich Re

Principle Risk Specialist

Chicago, IL · On-site +1

$101K/yr

Bachelor's degree in engineering or related discipline is preferred, and can be counted for 5 years ... Understanding of insurance industry and underwriting terms * Strong presentation and training ...

Munich Re

Principle Risk Specialist

Chicago, IL · On-site

$101K/yr

Bachelor's degree in engineering or related discipline is preferred, and can be counted for 5 years ... Understanding of insurance industry and underwriting terms * Strong presentation and training ...

DV Trading

Credit Risk Manager

Chicago, IL

Preference for prior experience in credit risk for analyzing commodities producers/consumers ... Medical, dental, and vision insurance * HSA, FSA, and Dependent Care Options * Employer Paid Group ...

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Preferred Risk Insurance information

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$14

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$73

How much do preferred risk insurance jobs pay per hour?

As of Sep 14, 2026, the average hourly pay for preferred risk insurance in Downers Grove, IL is $30.27, according to ZipRecruiter salary data. Most workers in this role earn between $19.42 and $38.61 per hour, depending on experience, location, and employer.

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 Downers Grove, IL?

For Preferred Risk Insurance jobs in Downers Grove, IL, the most frequently searched job titles are:

What job categories do people searching Preferred Risk Insurance jobs in Downers Grove, IL look for?

The top searched job categories for Preferred Risk Insurance jobs in Downers Grove, IL are:

What cities near Downers Grove, IL are hiring for Preferred Risk Insurance jobs?

Cities near Downers Grove, IL with the most Preferred Risk Insurance job openings:

Preferred Risk Insurance jobs near you
Infographic showing various Preferred Risk Insurance job openings in Downers Grove, IL as of August 2026, with employment types broken down into 1% As Needed, 74% Full Time, 20% Part Time, and 5% Contract. Highlights an 91% Physical, 1% Hybrid, and 8% Remote job distribution, with an average salary of $62,953 per year, or $30.3 per hour.

Risk Management (Insurance), Real Assets - Vice President

Chicago, IL • On-site

Blue Owl Capital Inc.
Finance and Insurance • 501 - 1,000 employees
Learn more about Blue Owl Capital Inc.external

$150K - $175K/yr

Other

Re-posted 10 days ago

Job description

## Risk Management (Insurance), Real Assets - Vice PresidentApplylocations: Chicago - 150 - 37time type: Full timeposted on: Posted 30+ Days Agojob requisition id: R-101971Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives.With over $315 billion in assets under management as of March 31, 2026, we invest across three multi-strategy platforms: Credit, Real Assets and GP Strategic Capital. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.Together with over 1,390 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com**The Role:**The Risk Management team is responsible for acquiring and maintaining lender compliant insurance programs across multiple real asset portfolios within Blue Owl. Our goal is to utilize various insurance policies, best practices, and alternative risk programs to appropriately protect Blue Owl’s investments.We are seeking a collaborative and results-oriented individual to join Blue Owl’s growing Real Assets Risk Management team. This professional will be responsible for creating and running a transaction process for the Risk Department in order to facilitate current and future transaction volume. They will also assist in the strategic development of operational insurance programs which align with Blue Owl’s investment goals.**Responsibilities:*** Manage all insurance related aspects of transaction deal flow from initiation through closing* Conduct comprehensive insurance due diligence on prospective acquisitions* Partner with the transaction teams to provide necessary insurance information and escalate potential insurance related issues in a timely manner* Lead the placement and ongoing management of property insurance programs that satisfy lender requirements* Direct the procurement and administration of liability insurance coverage in compliance with financing covenants* Develop, standardize, and improve processes related to insurance within the transaction lifecycle* Collaborate within the department to shape and execute long-term insurance strategies* Elevate traditional insurance programs to align with Blue Owl’s evolving business needs* Utilize Risk Management Information System (RMIS) manage insurance programs**Qualifications:*** 7-10 years of related experience in risk management or insurance broker role, preferably in real estate* Licensed in State of Illinois (required upon or after hire)* Bachelor’s degree required* ARM, CPCU or CRIS preferredIt is expected that the base annual salary for this Chicago based position will be $150,000 - $175,000. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.Blue Owl is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law. #J-18808-Ljbffr

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