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Senior Risk Analyst Jobs in Crystal Lake, IL (NOW HIRING)

Senior IT Business Analyst

Lake Forest, IL · On-site

$85K - $113K/yr

Senior IT Business Analyst for a 3-month initial contract for an insurance industry client in the ... risk identification, and backlog creation. Key Responsibilities * Lead start-to-finish business ...

Principal Risk Engineer

Round Lake, IL · On-site

$112K - $154K/yr

... senior-level)experience in medical device risk management or product development * Working knowledge of ISO 14971 and related standards * Experience with risk analysis tools (e.g., FMEA, FTA, hazard ...

Senior FP&A Analyst

Schaumburg, IL · On-site

$96 - $157/hr

Senior Performance Analyst Basic Qualifications: * Bachelors Degree and 6 or more years of ... Zurich North America is a leader in risk management, with over 150 years of expertise and coverage ...

Senior Financial Analyst

Addison, IL · On-site

$85K - $106K/yr

Position Overview The Senior Financial Analyst will play a critical role within the FP&A group ... urgency, and shared risk. o Creativity - Challenge the status quo with ingenuity and ...

Senior Financial Analyst

Rolling Meadows, IL · On-site

$86K - $107K/yr

Introduction At Artex, we reimagine what risk management can be and we do it with bold thinking ... How you'll make an impact As a Senior Financial Analyst your primary focus will be collaborating ...

SENIOR PRICING AND FP&A ANALYST

Addison, IL · On-site

$85K - $106K/yr

In this key role, the Senior Analyst will lead the development and implementation of pricing ... risk mitigation strategies. * Work closely with internal departments to monitor and understand ...

... Risk. Key responsibilities include : * Ensure high costing adequacy in treaty pricing across all ... Effectively communicate pricing and portfolio analyses to cross-functional deal teams and senior ...

SENIOR PRICING AND FP&A ANALYST

Addison, IL · On-site

$85K - $106K/yr

In this key role, the Senior Analyst will lead the development and implementation of pricing ... risk mitigation strategies. * Work closely with internal departments to monitor and understand ...

Showing results 21-40

Senior Risk Analyst information

See Crystal Lake, IL salary details

$51.9K

$106.5K

$138.2K

How much do senior risk analyst jobs pay per year?

As of Sep 3, 2026, the average yearly pay for senior risk analyst in Crystal Lake, IL is $106,526.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,800.00 and $132,900.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a senior risk analyst?

To thrive as a Senior Risk Analyst, you need strong analytical skills, a solid grasp of risk assessment methodologies, and typically a degree in finance, economics, or a related field. Proficiency with risk management software, data analysis tools like Excel, and familiarity with regulatory frameworks such as Basel III or SOX is often required. Attention to detail, critical thinking, and effective communication are crucial soft skills for identifying, evaluating, and reporting risks. These competencies are vital for ensuring accurate risk identification and mitigation, supporting sound business decisions, and maintaining regulatory compliance.

How does a senior risk analyst typically collaborate with other departments to identify and mitigate risks?

Senior Risk Analysts regularly work with teams across the organization, such as compliance, finance, operations, and IT, to identify emerging risks and implement mitigation strategies. They often participate in cross-functional meetings, provide insights from data analysis, and help develop policies that address both regulatory requirements and business objectives. Building strong working relationships and communicating complex risk scenarios in an accessible way are key to ensuring coordinated risk management efforts. This collaborative approach not only helps in early detection of potential issues but also fosters a proactive risk culture within the company.

What is the difference between Senior Risk Analyst vs Risk Analyst?

AspectSenior Risk AnalystRisk Analyst
Required CredentialsBachelor's degree, often certifications like FRM or CRMBachelor's degree, some certifications like FRM or CRM
Work EnvironmentFinancial institutions, insurance companies, consulting firmsFinancial firms, corporations, government agencies
Employer & Industry UsageUsed across finance, insurance, and consulting sectorsCommon in finance, banking, and insurance industries

The main difference is that Senior Risk Analysts typically have more experience, advanced certifications, and handle more complex risk assessments. They often lead projects and mentor junior staff, whereas Risk Analysts focus on data collection, analysis, and supporting risk management processes.

Do risk analysts make good money?

Risk analysts typically earn a competitive salary that varies by industry, experience, and location. According to industry data, the median annual wage for risk analysts is around $80,000, with experienced professionals earning over $100,000. Certifications like FRM or CRM can enhance earning potential, and strong analytical skills are essential in this role.

How much does a senior risk analyst make in the US?

A senior risk analyst in the US typically earns between $80,000 and $120,000 annually, depending on experience, industry, and location. They often require strong analytical skills, knowledge of risk management tools, and relevant certifications such as FRM or CRM.

What does a senior risk analyst do?

A senior risk analyst evaluates potential risks that could impact an organization’s financial health, operations, or reputation. They analyze data, develop risk mitigation strategies, and use tools like risk assessment software to inform decision-making. This role often requires strong analytical skills, industry knowledge, and relevant certifications such as FRM or CRM.

What is the salary of a senior risk analyst?

The salary of a senior risk analyst typically ranges from $80,000 to $130,000 annually, depending on experience, industry, and location. They often require strong analytical skills and proficiency with risk management tools and software.

What job categories do people searching Senior Risk Analyst jobs in Crystal Lake, IL look for?

The top searched job categories for Senior Risk Analyst jobs in Crystal Lake, IL are:

What cities near Crystal Lake, IL are hiring for Senior Risk Analyst jobs?

Cities near Crystal Lake, IL with the most Senior Risk Analyst job openings:

Reimbursement Analyst - Senior

Endeavor Health

Arlington Heights, IL

$35.16 - $54.50/hr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 5 days ago


Endeavor Health rating

7.0

Company rating: 7.0 out of 10

Based on 402 frontline employees who took The Breakroom Quiz

423rd of 898 rated healthcare providers


Job description

Hourly Pay Range:

$35.16 - $54.50 - The hourly pay rate offered is determined by a candidate's expertise and years of experience, among other factors.

Sr. Reimbursement Analyst

Position Highlights:

  • Position: Sr. Reimbursement Analyst

  • Location: Warrenville, IL

  • Full Time

  • Hours: Monday-Friday, 8am - 4:30pm

  • Hybrid Position

What you will do:

Job Summary

The Senior Reimbursement Analyst is responsible for performing advanced reimbursement and financial analysis to ensure accurate reimbursement, regulatory compliance, and financial decision-making for the organization. This role serves as a subject matter expert in healthcare reimbursement, including Medicare, Medicaid, and commercial payer methodologies, and partners with operational and finance leaders to identify reimbursement opportunities, mitigate financial risk, and support revenue optimization. The position also contributes to key financial processes such as month-end close activities, reserve analysis, reconciliations, budgeting, reporting, and audit support.

Responsibilities and Essential Functions

  • Conduct complex analysis of reimbursement data, including Medicare, Medicaid, and commercial payers, to identify trends, variances, opportunities, and reimbursement discrepancies; evaluate the financial impact of reimbursement rate changes, contract terms, and regulatory updates.

  • Lead reimbursement optimization efforts through review of payment methodologies, reimbursement rates, payer terms, and denial trends; develop recommendations to improve reimbursement performance and reduce revenue leakage.

  • Conduct key financial operations, including month-end close activities, journal entries, AR reserve model calculations and analysis, balance sheet reconciliations, and budget support.

  • Prepare, analyze, and present reimbursement metrics, financial reports, forecasts, and key performance indicators for leadership to support operational decision-making and financial planning.

  • Coordinate and support financial, reimbursement, and compliance audits by gathering documentation, responding to inquiries, preparing schedules, and explaining reimbursement methodologies and financial results. 10%

  • Monitor and interpret federal and state reimbursement regulations and payer guidance to ensure organizational compliance and alignment with current reimbursement requirements.

  • Provide guidance, training, and subject matter expertise to analysts, finance partners, and operational leaders on reimbursement-related issues; participate in reimbursement-related special projects and other duties as assigned.

What you will need:

  • Bachelor's degree in Finance, Accounting, Healthcare Administration, Business Administration, or a closely related field from an accredited college or university.

  • Five or more years of progressively responsible experience in healthcare reimbursement, reimbursement analysis, financial analysis, revenue cycle, accounting, or a related field, including at least two years in a senior-level, lead, or advanced analytical capacity. Strong knowledge of reimbursement principles, financial analysis, data management, reporting, and financial systems/spreadsheet applications required.

  • Knowledge of healthcare reimbursement methodologies and payment structures, including Medicare, Medicaid, and commercial payers

  • Knowledge of hospital reimbursement regulations and compliance standards

  • Knowledge of financial analysis, accounting principles, and reimbursement-related reporting practices

  • Skill in analyzing complex reimbursement and financial data to identify trends, discrepancies, and opportunities

  • Skill in preparing financial reports, reimbursement models, forecasts, and key performance indicators

  • Skill in using spreadsheets, financial systems, and data management tools to support analysis and reporting

  • Ability to support month-end close activities, journal entries, AR reserve analysis, balance sheet reconciliations, and budget-related work

  • Ability to interpret and apply federal, state, and payer requirements to ensure compliance and sound decision-making

  • Ability to communicate complex financial and reimbursement information clearly to leaders and business partners

  • Ability to manage multiple priorities, maintain accuracy, and provide guidance on reimbursement-related matters

Benefits (For full time or part time positions):

Premium pay for eligible employees

Career Pathways to Promote Professional Growth and Development

Various Medical, Dental, Pet and Vision options

Tuition Reimbursement

Free Parking

Wellness Program Savings Plan

Health Savings Account Options

Retirement Options with Company Match

Paid Time Off and Holiday Pay

Community Involvement Opportunities

Endeavor Health is a fully integrated healthcare delivery system committed to providing access to quality, vibrant, community-connected care, serving an area of more than 4.2 million residents across six northeast Illinois counties. Our more than 25,000 team members and more than 6,000 physicians aim to deliver transformative patient experiences and expert care close to home across more than 300 ambulatory locations and eight acute care hospitals - Edward (Naperville), Elmhurst, Evanston, Glenbrook (Glenview), Highland Park, Northwest Community (Arlington Heights) Skokie and Swedish (Chicago) - all recognized as Magnet hospitals for nursing excellence. For more information, visit www.endeavorhealth.org.

When you work for Endeavor Health, you will be part of an organization that encourages its employees to achieve career goals and maximize their professional potential.

Please explore our website (www.endeavorhealth.org) to better understand how Endeavor Health delivers on its mission to "help everyone in our communities be their best".

Endeavor Health is committed to working with and providing reasonable accommodation to individuals with disabilities. Please refer to the main career page for more information.

Diversity, equity and inclusion is at the core of who we are; being there for our patients and each other with compassion, respect and empathy. We believe that our strength resides in our differences and in connecting our best to provide community-connected healthcare for all.

EOE: Race/Color/Sex/Sexual Orientation/ Gender Identity/Religion/National Origin/Disability/Vets, VEVRRA Federal Contractor.


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