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Risk And Insurance Manager Jobs (NOW HIRING)

Assa Abloy

Risk & Insurance Manager

Monroe, NC · On-site

Risk Insurance Manager ASSA ABLOY Entrance Systems, Pedestrian Door Solutions Join the industry leader in automated door solutions! ASSA ABLOY Entrance Systems is a global manufacturer committed to ...

ASSA ABLOY

Risk & Insurance Manager

Monroe, NC · Hybrid

Risk Insurance Manager ASSA ABLOY Entrance Systems, Pedestrian Door Solutions Join the industry leader in automated door solutions! ASSA ABLOY Entrance Systems is a global manufacturer committed to ...

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How much do risk and insurance manager jobs pay per year?

As of Jun 8, 2026, the average yearly pay for risk and insurance manager in the United States is $121,506.00, according to ZipRecruiter salary data. Most workers in this role earn between $101,000.00 and $138,000.00 per year, depending on experience, location, and employer.

What Does a Risk and Insurance Manager Do?

As a risk and insurance manager, you have the combined duties of a risk manager and an insurance manager. Risk management is the practice of controlling risk through tactics that offset the likelihood of financial loss. Insurance management, on the other hand, is used to develop ways to limit or those losses by purchasing insurance against risks, such as disability payments or employee accidents. Your combined responsibilities as a risk and insurance manager revolve around reducing risk while developing safety nets to prevent loss on risks the company does take. This is especially crucial in corporate risk management, in which you are often dealing with risky investments on which the company is unwilling to take a full loss.

What is the difference between Risk And Insurance Manager vs Insurance Analyst?

AspectRisk And Insurance ManagerInsurance Analyst
CredentialsCertifications like CPCU, ARM, or CPCUAdjuster licenses, actuarial certifications often preferred
Work EnvironmentCorporate risk management departments, insurance carriersInsurance companies, brokerage firms, consulting agencies
Employer & Industry UsageUsed in industries with significant risk exposure, large corporationsUsed in insurance firms, underwriting, claims analysis
Search & Comparison IntentUnderstanding risk management roles, career pathsAnalyzing insurance policies, assessing claims

The main difference is that a Risk And Insurance Manager oversees risk management strategies and insurance programs within an organization, focusing on risk mitigation and policy management. An Insurance Analyst primarily evaluates insurance policies, analyzes claims, and supports underwriting processes. Both roles require relevant certifications and are integral to the insurance and risk management industry, but they serve different functions within the risk and insurance ecosystem.

How does a Risk and Insurance Manager typically interact with other departments within an organization?

Risk and Insurance Managers work closely with various departments such as legal, finance, operations, and human resources to identify potential risks and ensure appropriate insurance coverage. They often collaborate to assess new projects, analyze claims, and develop risk mitigation strategies. Regular communication and teamwork are essential, as these managers must gather input from different teams to create comprehensive risk management plans. This cross-functional collaboration also helps them stay informed about organizational changes that might impact insurance needs or risk exposure.

What does a Risk and Insurance Manager do?

A Risk and Insurance Manager is responsible for identifying, assessing, and mitigating potential risks that could impact a company’s operations, finances, or reputation. They develop strategies to minimize those risks, such as purchasing insurance policies, implementing safety protocols, and conducting regular risk assessments. Additionally, they handle claims management, work with insurance brokers, and ensure compliance with relevant laws and regulations. Their role is vital in protecting the company from unexpected losses and ensuring business continuity.

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

To thrive as a Risk and Insurance Manager, you need expertise in risk assessment, insurance policies, financial analysis, and typically a bachelor’s degree in finance, business, or a related field. Familiarity with risk management software, claims management systems, and relevant certifications such as ARM (Associate in Risk Management) or CPCU (Chartered Property Casualty Underwriter) are highly valuable. Strong analytical thinking, attention to detail, negotiation skills, and effective communication set top performers apart in this role. These competencies are crucial for identifying potential threats, mitigating financial losses, and ensuring the organization’s long-term stability.

What is the highest salary for a risk manager?

The highest salaries for risk and insurance managers can exceed $150,000 annually, especially for those with extensive experience, advanced certifications like CPCU or ARM, and leadership roles in large organizations. Compensation varies based on industry, location, and the complexity of risk management responsibilities.
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Risk And Insurance Manager jobs near you
Infographic showing various Risk And Insurance Manager job openings in the United States as of May 2026, with employment types broken down into 74% Full Time, 20% Part Time, and 6% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $121,506 per year, or $58.4 per hour.
Risk & Insurance Manager

Risk & Insurance Manager

University of Michigan

Ann Arbor, MI • On-site

$110K - $135K/yr

Full-time

Posted 7 days ago

University Of Michigan rating

8.1

Company rating: 8.1 out of 10

Based on 140 frontline employees who took The Breakroom Quiz

131st of 534 rated colleges and universities

Job description

How to Apply
A cover letter is required for consideration for this position and should be attached as the first page of your resume. The cover letter should address your specific interest in the position and outline skills and experience that directly relate to this position.
Job Summary
The Risk & Insurance Manager supports university risk management initiatives including risk assessment, alternative risk financing, risk transfer, and risk control through the identification and analysis of property and casualty risk exposures. The Risk & Insurance Manager contributes to the development and implementation of risk treatment, transfer, and mitigation strategies and tools that optimize outcomes consistent with the risk tolerance of the institution and its stakeholders.
The Office of Insurance and Claims Administration (ICA) is a multipurpose office based on the central campus in Ann Arbor, Michigan. ICA supports the research and academic mission of the university and medical center by managing risk, procuring and administering insurance, enhancing organizational resilience, and mitigating loss. ICA's mission is to be a valued partner and resource, creating innovative risk management solutions, delivering quality guidance to address emerging and established risks, assisting in loss prevention and minimization, administering a robust insurance portfolio, and proactively managing the identification and mitigation of risk opportunities. ICA staff are skilled professionals who serve the insurance, risk, and business continuity needs of the university community.
The Risk & Insurance Manager assists in independently administering large, complex portions of the university's self-insurance and commercial insurance program. Consults with various university affiliates and third parties regarding coverage and exposure, analyzes policy language, recommends coverage limits and scope, and assists with data gathering for efficient procurement. Serves as a contact for internal customers and external brokers/carriers. Responsibilities may include producing financial analyses related to the university's captive insurer, Veritas; supporting claims management, contract review, and coordination; collecting, analyzing, and disseminating insurance data and trends; and participating in projects to enhance university resilience and reduce costs.
Responsibilities*
Risk Transfer
  • Support the Director and ICA team in developing and managing the university's risk transfer program, evaluating new and current insurance products.
  • Analyze claims and insurance data, create reports to identify and assess exposures across lines of business, and assist in the selection of appropriate insurance products. Utilize claims databases to review data and produce reports.
  • Support coordination of insurance program renewals, assisting in the completion and processing of insurance application documents and gathering information from university partners.
  • Lead contract review as a core function, develop and implement contract review processes, aggregate stakeholder concerns, identify insurance and risk exposures within agreements, and escalate risks as necessary. Analyze insurance contract language and support recommendations on coverage limits, scope of policy provisions, and levels of retention. Negotiate insurance requirements as needed to ensure contracts align with university risk tolerance and compliance standards.
  • Maintain familiarity with insurance markets, identify gaps in coverage, and support efforts to secure favorable terms.

Insurance Program Administration
  • Assist in managing portions of the university's self-insured and commercial insurance portfolio.
  • Consult with university units, affiliates, and third parties regarding coverage and exposure.
  • Help coordinate data gathering for policy procurement, evaluate the efficient use of funds, and identify areas for improvement in coverage or cost reduction.
  • Provide support for daily internal administrative tasks and financial analyses relevant to captive insurance arrangements.
  • Develop, organize, and implement the annual stakeholder meetings with brokers and commercial insurance partners, facilitating open communication, renewal strategy discussions, and partnership building.

Risk Management Guidance and Policy
  • Build collaborative relationships with stakeholders, offering guidance on insurance-related questions, coverage issues, and risk management best practices.
  • Assist in developing risk management procedures.
  • Provide support for training and presenting risk management topics.
  • Participate in projects to increase efficiencies, enhance university resilience, and reduce costs.

Supervisory Responsibilities
  • Provide direct supervision, guidance, and support to the Regional Risk Analyst, including assigning tasks, overseeing daily activities, and offering technical and professional mentoring.
  • Evaluate performance, facilitate training and development, and ensure alignment of work with departmental objectives and best practices in risk management.
  • Foster a collaborative and inclusive environment to enhance productivity and professional growth for the Regional Risk Analyst.

Underwriting Responsibilities
  • Assist with underwriting responsibilities as a supporting function, including reviewing risk-related information and data to support assessments of exposure, coverage, and premium pricing.
  • Collaborate with internal stakeholders to gather necessary underwriting information for specific insurance placements or renewals.
  • Provide input on risk profiles and help ensure appropriate risk characterization for submission to carriers and brokers.

Required Qualifications*
  • Bachelor's degree in business administration, finance, insurance, or a related field and six (6) years of insurance experience, or an equivalent combination of education and experience.
  • Experience in insurance program planning and administration.
  • Experience with captive insurance programs, especially Vermont domiciled captives.
  • Demonstrated proficiency in information analysis, organization, and presentation.
  • Knowledge of insurance contract language, negotiations, problem solving, creativity, and program management.
  • Familiarity with analytical tools/methodologies; experience conducting and utilizing mathematical research methods.
  • Ability to statistically analyze and interpret data, effective written and oral communication skills.
  • Excellent organizational and time management skills.
  • Ability to work independently, meet project deadlines, and adjust quickly to shifting priorities, multiple demands, ambiguity, and rapid change.
  • Ability to travel; ability to work nonstandard business hours, including weekends and holidays.
  • Demonstrated ability to build strong collaborative working relationships across university communities.

Desired Qualifications*
  • Eight (8) to twelve (12) years of commercial insurance program administration experience at a large, complex organization, or an equivalent combination of education, training and experience.
  • Advanced degree and/or professional accreditation in business, public administration, law, or a related field.
  • Associate in Risk Management (ARM), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), or Certified Risk Manager (CRM) designations preferred.
  • Experience in claims investigation, consultation, loss prevention, underwriting, and claims management.
  • Experience designing and implementing loss control, alternative risk financing, and risk transfer best practices.
  • Extensive knowledge of insurance contract language and experience negotiating favorable pricing, terms, and conditions.
  • Understanding of enterprise risk management and emergency management practices.
  • Higher education administrative or management experience.
  • Executive level communication proficiency, both written and verbal.

Modes of Work
Positions that are eligible for hybrid or mobile/remote work mode are at the discretion of the hiring department. Work agreements are reviewed annually at a minimum and are subject to change at any time, and for any reason, throughout the course of employment. Learn more about the work modes .
Application Deadline
Job openings are posted for a minimum of seven calendar days. The review and selection process may begin as early as the eighth day after posting. This opening may be removed from posting boards and filled any time after the minimum posting period has ended.
U-M EEO Statement
The University of Michigan is an equal employment opportunity employer.
Job Detail
Job Opening ID
278244
Working Title
Risk & Insurance Manager
Job Title
Risk Manager
Work Location
Ann Arbor Campus
Ann Arbor, MI
Modes of Work
Hybrid
Full/Part Time
Full-Time
Regular/Temporary
Regular
FLSA Status
Exempt
Organizational Group
Risk Management Admn
Department
Risk Finance Administration
Posting Begin/End Date
6/01/2026 - 6/15/2026
Salary
$110,000.00 - $135,000.00
Career Interest
Finance

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About University of Michigan

Sourced by ZipRecruiter

The University of Michigan (U-M), based in Ann Arbor, MI, US, is one of America's most esteemed institutions in higher education. Established in 1817, it presides in the industry of education and research, providing a range of services including undergraduate, graduate, and professional education programs. Complementing this is an extensive research activity that has significantly contributed to various fields, from healthcare to engineering, humanities to sports. Upholding its mission "to serve the people of Michigan and the world through preeminence in creating, communicating, preserving and applying knowledge, art, and academic values", U-M consistently ranks among the top universities globally, a testament to its tradition of excellence in learning and research, and a deep commitment to innovation and discovery.

Industry

Colleges, universities, and professional schools

Company size

10,000+ Employees

Headquarters location

Ann Arbor, MI, US

Year founded

1817

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