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Risk Management Insurance Jobs in Normal, IL (NOW HIRING)

... risk topics and apply findings to inform various insurance industry outcomes. Qualifications We Are Looking for Candidates With: * 4+ years experience in catastrophe modeling and/or risk management

... risk management, carried reserves and/or profitability. May direct simple to complex actuarial ... state insurance departments; and/or to implement new rates and rating plans, using existing ...

P/C Senior Actuary

Bloomington, IL · On-site

$110K - $151K/yr

... risk management, carried reserves and/or profitability. May direct simple to complex actuarial ... state insurance departments; and/or to implement new rates and rating plans, using existing ...

... Risk Management Agency, the Payment Card Industry Data Security Standard, the New York Department ... Previous experience in the banking and insurance industry preferred.

Proof of Auto Insurance - Varies; Commercial Driver's License (CDL) within 4 months - Secretary of ... Keeps director/manager informed of problematic cases, especially those involving legal or risk ...

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Risk Management Insurance information

See Normal, IL salary details

$80.7K

$118.8K

$181.8K

How much do risk management insurance jobs pay per year?

As of Jun 11, 2026, the average yearly pay for risk management insurance in Normal, IL is $118,791.00, according to ZipRecruiter salary data. Most workers in this role earn between $98,700.00 and $134,900.00 per year, depending on experience, location, and employer.

What is the role of risk management in insurance?

Risk management in insurance involves identifying, assessing, and prioritizing potential risks to minimize financial losses for clients and companies. Risk managers develop strategies such as risk transfer through insurance policies, loss prevention, and risk mitigation techniques. They often use data analysis and industry standards to create effective risk control plans and may hold certifications like the Certified Risk Manager (CRM).

How much do you make in risk management insurance?

Risk management insurance professionals typically earn a median annual salary of around $70,000 to $120,000, depending on experience, location, and industry. Senior roles or those with specialized certifications like CPCU or ARM can earn higher salaries, often exceeding $150,000 annually.

What Are Insurance Risk Management Jobs?

Insurance risk management jobs include analyst positions, risk management supervisors and managers, accountants, and program managers. Your duties in this field vary depending on the type of position and the industry in which you work. Those working directly in the insurance industry are responsible for analyzing risk posed by offering insurance to individuals or to larger corporate entities. Your responsibilities as a risk management program coordinator or manager in the financial industry, meanwhile, may be to develop strategies and tools to reduce investment risks. Those working in government have similar duties, but they try to prevent risks related to municipal finances and bonds.

Is insurance risk management a good career?

Risk management insurance is a viable career that involves identifying and analyzing potential risks to minimize financial losses for organizations. It requires strong analytical skills, knowledge of insurance policies, and often professional certifications such as the Certified Risk Manager (CRM). The field offers opportunities for advancement and stability in various industries.

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

To thrive in Risk Management Insurance, you need a solid understanding of risk assessment, insurance products, and regulatory compliance, often supported by a degree in finance, business, or a related field. Familiarity with risk analysis software, claims management systems, and certifications like ARM (Associate in Risk Management) are commonly required. Strong analytical thinking, attention to detail, and effective communication distinguish top performers in this role. These skills ensure accurate risk evaluation, regulatory adherence, and the ability to communicate complex concepts to clients and stakeholders.

Is risk management high paying?

Risk management professionals often earn competitive salaries, especially with experience, certifications like CRM or FRM, and in industries such as finance or insurance. Entry-level positions tend to pay less, but salaries increase significantly with expertise and responsibility.

How does a Risk Management Insurance professional typically interact with other departments within an organization?

Risk Management Insurance professionals frequently collaborate with departments such as finance, legal, operations, and human resources to identify, assess, and mitigate potential risks. They often lead risk assessment workshops, coordinate with department heads to gather data, and work closely with legal teams to ensure compliance with regulations and insurance requirements. Building strong cross-functional relationships is essential, as successful risk management relies on the cooperation and communication of multiple teams throughout the organization.

What is the difference between Risk Management Insurance vs Insurance Underwriter?

AspectRisk Management InsuranceInsurance Underwriter
CredentialsCertifications like CPCU, ARMCertifications like CPCU, ARe
Work EnvironmentCorporate risk departments, consulting firmsInsurance companies, underwriting departments
Industry UsageRisk mitigation, policy developmentPolicy evaluation, risk assessment

Risk Management Insurance professionals focus on identifying and mitigating risks for organizations, often working in corporate or consulting settings. Insurance Underwriters evaluate insurance applications and determine policy terms within insurance companies. While both roles require similar certifications and operate within the insurance industry, risk managers concentrate on broader risk strategies, whereas underwriters focus on assessing individual risks for policy issuance.

What is risk management insurance?

Risk management insurance is a field that focuses on identifying, assessing, and mitigating the potential risks that organizations or individuals face. Professionals in this area help design insurance programs and strategies to protect against financial loss from unforeseen events, such as accidents, natural disasters, or lawsuits. Their work involves analyzing potential hazards, recommending appropriate coverage, and ensuring compliance with regulations. Effective risk management helps organizations minimize losses and maintain financial stability.
What cities near Normal, IL are hiring for Risk Management Insurance jobs? Cities near Normal, IL with the most Risk Management Insurance job openings:
Senior Property Claims Specialist

Senior Property Claims Specialist

Erie Insurance

East Peoria, IL • On-site, Remote

$88K - $141K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 8 days ago


Erie Insurance Group rating

8.9

Company rating: 8.9 out of 10

Based on 79 frontline employees who took The Breakroom Quiz

46th of 260 rated insurance


Job description

Division or Field Office:

Property & Material Damage Div

Department of Position: Property Damage Dept 

Work from:

Remote in Chicago, IL, Wisconsin or Eastern NY Salary Range:

$88,693.00 - $141,678.00 *

salary range is for this level and may vary based on actual level of role hired for

*This range represents a national range and the actual salary will depend on several factors including the scope and complexity of the role and the skills, education, training, credentials, location (State) based on ERIE\'s geographical differences, and experience of an applicant, as well as level of role for which the successful candidate is hired. Position may be eligible for an annual bonus payment.

At Erie Insurance, you’re not just part of a Fortune 500 company; you’re also a valued member of a diverse and inclusive team that includes more than 6,000 employees and over 13,000 independent agencies.  Our Employees work in the Home Office complex located in Erie, PA, and in our Field Offices that span 12 states and the District of Columbia. 
Benefits That Go Beyond The Basics

We strive to be Above all in Service® to our customers—and to our employees. That’s why Erie Insurance offers you an exceptional benefits package, including:

  • Premier health, prescription, dental, and vision benefits for you and your dependents. Coverage begins your first day of work.
  • Low contributions to medical and prescription premiums. We currently pay up to 97% of employees’ monthly premium costs.
  • Pension. We are one of only 13 Fortune 500 companies to offer a traditional pension plan. Full-time employees are vested after five years of service.
  • 401(k) with up to 4% contribution match. The 401(k) is offered in addition to the pension.
  • Paid time off. Paid vacation, personal days, sick days, bereavement days and parental leave.
  • Career development. Including a tuition reimbursement program for higher education and industry designations.
     

Additional benefits that include company-paid basic life insurance; short-and long-term disability insurance; orthodontic coverage for children and adults; adoption assistance; fertility and infertility coverage; well-being programs; paid volunteer hours for service to your community; and dollar-for-dollar matching of your charitable gifts each year.

Position Summary

Exercises independent discretion and judgment in the handling of large commercial and personal property claims assignments in designated region. Acts as a consultant to regional management on property claims procedures and educational programs. Responsible for post-loss coordination of CAT activity.

  • The successful candidate will reside in or relocate to Chicago, IL, Wisconsin or Eastern NY.
  • Relocation assistance may be available.
  • The successful candidate must be willing to obtain and maintain necessary licenses.
  • A company car and equipment to work from home will be provided.
  • Excellent time management and organization skills preferred.
  • Ability to drive/travel regularly within the assigned territory.
Duties and Responsibilities
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  • Investigates and/or directs the investigation of commercial property claims. Interviews insureds, claimants and others as required. Inspects property damage, reviews information to prepare estimates, evaluates and makes recommendations regarding coverage of claims, determines liability and total value of claims and negotiates settlements.
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  • Determines all available coverage for risk and ERIE\'s liability and establishes total value of loss. Identifies all subrogation potential.
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  • Reviews information to prepare estimates and arranges for repairs of insured losses.
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  • Settles loss and maintains complete file documentation.
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  • Communicates with insureds or Agents regarding settlement and/or adjustment.
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  • Directs activity of necessary experts.
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  • Works directly with department manager to develop and implement new policies and procedures for the department.
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  • Meets with management as requested to analyze regional and branch performance and make recommendations for changes.
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  • Assists in training new Employees and property claims specialists in the branches when requested by claims manager.
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  • Works with regional CAT coordinators to coordinate CAT teams for property losses.
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  • Serves as consultant to the branch offices on commercial property claims.


The first five duties listed are the functions identified as essential to the job. Essential functions are those job duties that must be performed in order for the job to be accomplished.

This position description in no way states or implies that these are the only duties to be performed by the incumbent. Employees are required to follow any other job-related instruction and to perform any other duties as requested by their supervisor, or as become clear.

Capabilities
  • Values Diversity
  • Self-Development
  • Nimble Learning
  • Information Management Skills
  • Collaborates
  • Customer Focus
  • Job-Specific Knowledge
  • Cultivates Innovation
  • Optimizes Work Processes (IC)
  • Instills Trust
  • Ensures Accountability
  • Decision Quality
Qualifications

Minimum Educational Requirements

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  • High school diploma, or GED, required.
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  • Bachelor’s degree preferred.


Additional Experience

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  • Seven years experience in property adjusting required.
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  • Working knowledge of Windows software required.
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  • Position requires the incumbent to serve on the Catastrophe Team, which may include travel on short notice to other locations for periods in excess of two consecutive weeks.


Designations and/or Licenses

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  • AIC designation or CPCU 3 or 4 preferred.
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  • Appropriate license as required by state.
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  • Valid driver’s license and good driving record required.
Physical Requirements
  • Use of Personal Protective Equipment (PPE) is required for this role.
  • Lifting/Moving 0-20 lbs; Often (20-50%)
  • Lifting/Moving 20-50 lbs; Often (20-50%)
  • Ability to move over 50 lbs using lifting aide equipment; Often (20-50%)
  • Driving; Occasional (<20%)
  • Pushing/Pulling/moving objects, equipment with wheels; Occasional (<20%)
  • Manual Keying/Data Entry/inputting information/computer use; Occasional (<20%)
  • Climbing/accessing heights; Moderate (30-40%)

What Erie Insurance Group employees say

Pay

Benefits

Hours and flexibility

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