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Risk Consultant Jobs in Indiana (NOW HIRING)

Responds or refers risk control consulting services desired by commercial clientele to insurance company Loss Control Representatives, the Manager of Client Services, and/or the Client Services Risk ...

Crowe is seeking a Loan Review Senior Consultant to perform credit risk consulting projects for a variety of clients in the financial services industry. In this role, you will:Job Responsibilities:

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How much do risk consultant jobs pay per hour?

As of Sep 2, 2026, the average hourly pay for risk consultant in Indiana is $50.39, according to ZipRecruiter salary data. Most workers in this role earn between $41.63 and $55.34 per hour, depending on experience, location, and employer.

What is a risk consultant?

A risk consultant provides strategic consulting to companies. Their job duties include researching and analyzing business practices, accounting, hiring, and adherence to government regulations for the specific industry. A risk consultant may also create risk assessment strategies to help managers minimize any future risks that their organization faces. Many people in this career work for a firm that offers accounting and legal advice to multiple clients.

What are the key skills and qualifications needed to thrive as a risk consultant, and why are they important?

To thrive as a Risk Consultant, you need expertise in risk assessment, analytical thinking, and a background in finance, business, or a related field, often supported by a bachelor's degree. Familiarity with risk management frameworks, data analysis tools, and certifications like CRM or FRM is highly valued. Strong communication, problem-solving skills, and the ability to build client relationships help you stand out in this role. These abilities are crucial for accurately identifying risks, developing effective mitigation strategies, and fostering trust with clients.

How does a risk consultant typically collaborate with different departments within an organization?

Risk Consultants work closely with a variety of departments, such as finance, operations, legal, and IT, to identify and assess risks that could impact business objectives. They often facilitate workshops, conduct interviews, and review processes to gather information from stakeholders across the organization. Effective communication skills are essential, as Risk Consultants must clearly explain risk findings and recommendations to both technical and non-technical audiences. This cross-functional collaboration ensures that risk mitigation strategies are practical and aligned with each department's goals.

What is the difference between Risk Consultant vs Risk Analyst?

AspectRisk ConsultantRisk Analyst
Required CredentialsBachelor's degree, certifications like CRM or FRM often preferredBachelor's or master's degree, certifications like FRM or CRM common
Work EnvironmentConsulting firms, corporate risk departments, financial institutionsFinancial firms, insurance companies, corporate risk teams
Employer & Industry UsageUsed across consulting, finance, insurance sectorsPrimarily in finance, banking, insurance industries
Common Search & ComparisonOften compared for advisory roles and client-facing workCompared for analytical and data-driven risk assessment roles

Risk Consultants focus on advising clients, developing risk management strategies, and providing expert guidance. Risk Analysts primarily analyze data, assess risks, and support decision-making processes within organizations. While both roles require similar credentials and work in related environments, their core functions differ: consultants are advisory, analysts are analytical.

Does risk consulting pay well?

Risk consulting is generally a well-paying profession, with salaries often above the national average for business services. Compensation varies based on experience, certifications, and location, with senior consultants earning higher salaries and bonuses for specialized skills in risk assessment and management.

How much do risk consultants get paid?

Risk consultants typically earn a median annual salary ranging from $70,000 to $100,000, depending on experience, industry, and location. Entry-level positions may start lower, while experienced professionals with certifications like CRC or CRM can earn higher salaries, especially in specialized or senior roles.

What qualifications do you need for risk consulting?

Risk consultants typically need a bachelor's degree in fields such as finance, business, or risk management. Professional certifications like the Certified Risk Management Professional (CRMP) or Certified Risk Analyst (CRA) can enhance job prospects. Strong analytical skills, knowledge of industry regulations, and experience with risk assessment tools are also important.

What are the most commonly searched types of Risk Consultant jobs in Indiana?

The most popular types of Risk Consultant jobs in Indiana are:

Infographic showing various Risk Consultant job openings in Indiana as of August 2026, with employment types broken down into 60% Full Time, 5% Temporary, and 35% Contract. Highlights an 95% In-person, and 5% Remote job distribution, with an average salary of $104,820 per year, or $50.4 per hour.

Senior Strategy & Risk Consultant (hybrid)

NiSource

Merrillville, IN • Hybrid

Full-time

Posted yesterday

New


NiSource rating

8.2

Company rating: 8.2 out of 10

Based on 31 frontline employees who took The Breakroom Quiz

26th of 53 rated energy and utility


Job description

Senior Strategy & Risk Consultant

We are looking to hire someone to work in either our Columbus, Ohio or Merrillville, IN office (3 days/week hybrid schedule)

Job Summary
The Strategy and Risk team helps NiSource make decisions under uncertainty. The team leverages its integrated capabilities and expertise to deliver comprehensive analyses and innovative solutions across the enterprise. The Consultant Job Family team member effectively participates on a variety of cross-functional project teams that provide a wide range of internal and external research to NiSource. They will provide dedicated analysis, consultation and collaboration across functions for the development and communication of appropriate strategies, programs and plans necessary to address current and future issues facing our environment across NiSource. They will evaluate, make recommendations and drive to closure specific projects related to regulatory strategy, risk, and insurance. They will maintain an external perspective of industry best practices.
Essential Functions

  • Performs industry, competitor, and customer analyses; monitor and evaluate impact of trends; watch for key opportunities and barriers; gather quantitative and qualitative data

  • Builds models in Excel to analyze data and financial decisions.

  • Leverages enterprise risk reporting information, researching primary and secondary risk impacts. Uses key risk management tools such as: risk registers, risk dashboards, tracking metrics, and monitoring mitigation strategy.

  • Identifies and understands issues, problems, and opportunities; compares data from different sources to draw conclusions; uses effective approaches for choosing course of action or developing appropriate solutions; takes action that is consistent with available facts, constraints, and probable consequences.

  • Assists with the creation and updating materials to be presented to the Risk Management Committee and Strategy Council comprised of the Executive Council and other executive audiences.

  • Compiles, organizes and formats data, including quantitative and qualitative analysis required for internal and external reporting. Researches reporting issues, assists with the adoption of new reporting requirements, and builds business case development and financial models.

  • Lead project tasks under direction of Senior/ Lead Consultants, including tracking resources and deliverables.

  • Thrive in ambiguous environments by demonstrating adaptability, critical thinking, and proactive problem solving to navigate uncertainty and deliver effective outcomes.

  • Senior Strategy and Risk Consultant

  • Includes Strategy and Risk Analyst duties plus:

  • Conducts various analyses for the development of strategy, risk, and insurance programs

  • Creates materials to be presented to the Risk Management Committee and Strategy Council comprised of the Executive Counsel and other executive audiences.

  • Solves problems in the areas of strategy, risk, and insurance by applying econometric, actuarial science, and/or statistical methodologies.

  • Leverages innovative and analytical approaches to make recommendations for risk appetite, risk tolerances, capital allocations and returns on allocated capital.

  • Analyzes and researches financial, market, and regulatory environments through the lens of customers and other stakeholders.

  • Partner with internal and external SMEs to test and refine methodologies for assessing a wide range of risks across the company.

  • Translates technical analyses into communication materials to effectively present to colleagues for peer review and discussions with stakeholders.

  • Develop and deliver high impact Power Point presentations with advanced formatting, visualization, and story telling techniques to effectively communicate complex information to diverse audiences including senior leadership.

  • Design and implement comprehensive strategy methodologies, including scenario planning, strategic frameworks, and roadmaps to drive alignment across cross functional teams and achieve organizational goals.

  • Lead the execution of strategy methodologies by aligning cross functional teams, monitoring progress against roadmaps, and ensuring the integration of strategic initiatives into business plans and long range plans.

  • Demonstrate exceptional time management skills by efficiently prioritizing tasks, meeting tight deadlines, and delivering high quality results in a fast paced, dynamic environment.

Required Qualifications For Position

  • Bachelor's Degree from an accredited college/university in Business, Finance, Accounting, Economics, Engineering, Actuarial Science, Mathematics, Statistics or related discipline (or equivalent experience).

  • Experience using Excel to analyze data.

  • Experience applying economic, statistic, and econometric concepts/ methods.

  • 4-6 years (Minimum of two (2) years) of relevant experience (e.g., corporate strategy, accounting, financial planning, risk, legal, insurance, etc.).

  • Proven experience in producing accurate and timely work with minimal supervision.

  • Proven experience in identifying and resolving complex problems and manage conflicts.

  • Proven experience in leading and coordinating projects and supervise the work of others.

  • Demonstrated critical thinking and analytical skills.

  • Demonstrated planning, organizational, and time management skills.

  • Ability to work in a fast paced environment and meet deadlines.

  • Intermediate skillset in Microsoft Office (Excel, Word), experience handling large amounts of data and building financial or other decision support models in Excel and advanced Microsoft Office (Power Point) story telling ability

  • Advanced interpersonal and written communication skills, including ability to represent the company to external stakeholders, as well as provide presentation preparation and leadership to senior executives within the company.

Preferred Additional Qualifications for Position

  • Previous electric or gas utility experience.

  • Experience with a variety of problem solving tools and techniques (e.g. failure mode, stochastic modeling, cause analysis, fault tree, quantitative analysis, Monte Carlo simulations, etc.).

  • Masters in Business Administration

  • Operational Excellence experience

  • Project Management experience

  • Effectively communicate with senior leadership by crafting clear, concise, and impactful messages by providing strategic recommendations to drive informed decision making

  • Ensuring seamless scheduling to optimize productivity and time management


As a public utility, NiSource provides essential services to customers 24/7. Emergency needs can arise at various times throughout the year, including during storm season. Employees may be required to support emergency response efforts, which could include working outside normal hours or assisting with tasks outside of typical responsibilities.


Work Authorization

Candidates must be legally authorized to work in the United States and must not require employer sponsorship now or in the future.


Workplace Connection
We value a workplace where everyone feels respected, included, and able to do their best work. We encourage open dialogue, value different perspectives, and work collaboratively with employees, customers, and partners.


We recognize and respect the unique experiences people bring, including different backgrounds, cultures, and viewpoints. We treat others with professionalism and care, and we each play a part in creating a positive work environment.


Veteran Hiring & Inclusion

NiSource is proud to support veterans, transitioning service members, and military spouses. We value the leadership, teamwork, and mission-focused experience the military community brings, and we are committed to providing an inclusive workplace with opportunities for professional growth and development.


Equal Employment Opportunity
NiSource is committed to providing equal employment opportunities in each of its companies to all employees and applicants for employment without regard to race, color, religion, national origin or ancestry, veteran status, disability, gender, age, marital status, sexual orientation, gender identity, sex (including pregnancy, lactation, childbirth or related medical conditions), genetic information, citizenship status, or any protected group status as defined by law. Each employee is expected to abide by this principle.


By applying, you may also be considered for other roles that match your skills and experience.


ADA Accommodations

If you need a reasonable accommodation to participate in any stage of the hiring process or to perform the essential functions of the position, please contact OneHR at OneHR@nisource.comor 1-888-640-3320


Safety Statement
Safety is a core value at NiSource. Employees are expected to follow safety requirements, report hazards, and help maintain a safe environment for themselves and their coworkers.


E-Verify

NiSourceparticipates in the U.S. Department of Homeland Security's E-Verify program. Please review the following notices regarding your rights and responsibilities under U.S. law.


  • E-Verify Poster(English and Spanish)
  • Right to Work Poster(English and Spanish)

Salary Range*:

$82,200.00 - $123,200.00

*The salary offered to a candidate is based on several factors including but not limited to the candidate's skills, job-related knowledge, and relevant experience, as well as internal pay equity.

Posting Start Date:

2026-09-01

Posting End Date (if applicable):

2026-09-15Please note that the job posting will close on the day before the posting end date.

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