How to hire a risk and insurance consultant

How to hire a risk and insurance consultant, step by step

Here's a step-by-step risk and insurance consultant hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a risk and insurance consultant job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new risk and insurance consultant
• Step 8: Go through the hiring process checklist

What does a risk and insurance consultant do?

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1. Identify your hiring needs

   The risk and insurance consultant hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

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   Hiring the perfect risk and insurance consultant also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.

   This list shows salaries for various types of risk and insurance consultants.

   Type of Risk And Insurance Consultant	Description	Hourly rate
   Risk And Insurance Consultant		$33-56
   Adjuster	An adjuster is responsible for evaluating the extent of loss in the company by calculating the damage costs, determining the settlement payment to the client, and managing the reputation of the company for claims accountability. Adjusters must have extensive knowledge of the insurance principles and processes, following the state and federal regulations to protect clients and the business from insurance fraud... Show more	$16-32
   Property Adjuster	Typically working for insurance companies, a property adjuster specializes in inspecting property damages to assess and determine a company's financial obligations. Their responsibilities revolve around reaching out to clients through calls and correspondence, arranging appointments, gathering and verifying data, and traveling to different locations to meet with clients... Show more	$18-36

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Financial Services
   • Risk Assessments
   • Portfolio
   • PowerPoint
   • Internal Audit
   • SAS
   • Operational Risk
   • Business Development
   • Credit Risk
   • Visualization
   • Litigation
   • Process Improvement
   • Medicare
   • Business Process

   Check all skills

   Responsibilities:

   • Manage litigation through appropriate selection of counsel, developing strategic action plans a while monitoring an active trial calendar.
   • Implement the forecasting models in SAS.
   • Monitor business line compliance to credit policy, exceptions to policy, underwriting standards and portfolio management.
   • Identify and capture risk factors, including idiosyncratic and macroeconomic to support capital assessment, portfolio management and business decisions.
   • Define and document a new application architecture which load client databases with properly format data using in-house develop Java ETL applications.
   • Process subpoenas, arrange depositions, process statutory requests for medical records and review medical records prior to depositions.

   More risk and insurance consultant duties

3. Make a budget

   Including a salary range in the risk and insurance consultant job description is a good way to get more applicants. A risk and insurance consultant salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.

   For example, the average salary for a risk and insurance consultant in Alabama may be lower than in Rhode Island, and an entry-level engineer typically earns less than a senior-level risk and insurance consultant. Additionally, a risk and insurance consultant with lots of experience in the field may command a higher salary as a result.

   Average risk and insurance consultant salary

   $90,307yearly

   $43.42 hourly rate

   ---

   Entry-level risk and insurance consultant salary

   $69,000 yearly salary

   Updated January 30, 2026

   Average risk and insurance consultant salary by state

   Rank	State	Avg. salary	Hourly rate
   1	California	$108,026	$52
   2	Virginia	$106,241	$51
   3	New Jersey	$100,826	$48
   4	Texas	$100,778	$48
   5	Massachusetts	$99,449	$48
   6	Pennsylvania	$96,734	$47
   7	New York	$93,312	$45
   8	Georgia	$91,837	$44
   9	North Carolina	$88,724	$43
   10	Michigan	$87,988	$42
   11	Arizona	$87,139	$42
   12	Arkansas	$86,500	$42
   13	Illinois	$84,224	$40
   14	Colorado	$83,042	$40
   15	Missouri	$82,712	$40
   16	Oklahoma	$79,911	$38
   17	Florida	$79,144	$38
   18	Iowa	$78,337	$38
   19	Alabama	$76,039	$37
   20	Minnesota	$75,262	$36

   Average risk and insurance consultant salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	McKinsey & Company Inc	$114,628	$55.11	2
   2	Randstad North America, Inc.	$99,723	$47.94	7
   3	State Street	$95,478	$45.90	13
   4	Robert Half	$95,327	$45.83	26
   5	Chubb	$93,453	$44.93	40
   6	FTI Consulting	$93,287	$44.85	5
   7	Aon	$92,728	$44.58	35
   8	capSpire	$92,351	$44.40
   9	Federated Life Insurance Company	$92,342	$44.40	6
   10	University Physicians' Association, Inc.	$92,342	$44.40
   11	AIR Worldwide	$90,600	$43.56
   12	CFGI	$90,242	$43.39	23
   13	FIS	$90,215	$43.37
   14	Mmic Insurance, Inc.	$90,008	$43.27
   15	HUB International	$89,813	$43.18	29
   16	XL America Inc	$89,168	$42.87
   17	Federated Insurance	$88,886	$42.73	6
   18	Dixon Hughes Goodman	$86,872	$41.77
   19	The Marsh	$84,886	$40.81
   20	U.S. Bank	$84,676	$40.71	6

4. Writing a risk and insurance consultant job description

   A risk and insurance consultant job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a risk and insurance consultant job description:

   Risk and insurance consultant job description example

   The Risk Consultant sells new accounts in keeping with firm and individual goals. Consultants build relationships with prospects, service team, insurance company partners and centers of influence, while identifying and soliciting sales prospects
   Principal Responsibilities:
   
   * Gathers information and develops recommendations for prospective clients, presents proposals in a professional manner by reviewing coverages in detail to ensure understanding, while adhering to firm policies and procedures.
   * Communicates with clients, prospects, insurance company partners, and service team in an articulate and effective manner.
   * Finalizes the sale, coordinates collection of deposits, arranges for binders and certificates, and briefs the service team on the policy sale.
   * Maintains a concern for accuracy, timeliness and completion when interacting with current and prospective clients, the firm and insurance company partners to minimize potential for errors and omissions claims while demonstrating strong organizational skills with high attention to detail.
   * Maintains understanding and knowledge of insurance industry and underwriting criteria for insurance company partners represented by the firm to effectively communicate to all involved.
   * Expected to meet monthly new business goals.
   * Positively represents the firm and our insurance company partners in the community.
   * Performs other functions as assigned by leadership.
   * Looks for opportunities to improve the firm, business segment, and processes. Brings issues and discrepancies to the attention of appropriate leadership.
   
   Education, Experience, Skills and Abilities Requirements:
   
   * Possess and maintain a 20-44 or 2-20 state insurance license, as required by the State Department of Insurance to provide risk management consulting or risk transfer solutions as necessary in states where the firm functions.
   * Experience negotiating, structuring, and issuing personal lines policies; high-net worth experience is preferred.
   * Self-starter with the ability to influence others through effective verbal and written presentation skills.
   * Intermediate to advanced knowledge of Microsoft Word and Excel.
   * Ability to learn appropriate insurance company and firm software systems.
   * Demonstrates the firm's core values, exuding behavior that is aligned with the corporate culture.
   
   Special Working Conditions:
   
   * Fast paced, multi-tasking environment.
   * Travel as required.
   
   Important Notice:
   
   * This position description is intended to describe the level of work required of the person performing in the role and is not a contract. The essential responsibilities are outlined; other duties may be assigned as needs arise or as required to support the firm. All requirements may be modified to reasonably accommodate physically or mentally challenged colleagues.
   
   #LI-JR1
   
   Click here for some insight into our culture!

   Copy this example

   

5. Post your job

   There are various strategies that you can use to find the right risk and insurance consultant for your business:

   • Consider promoting from within or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to find candidates who meet your education requirements.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to reach potential job candidates.

   Post your job online:

   • Post your risk and insurance consultant job on Zippia to find and attract quality risk and insurance consultant candidates.
   • Use niche websites such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
   • Post a job on free websites.

6. Interview candidates

   Recruiting risk and insurance consultants requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.

   It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new risk and insurance consultant

   Once you've found the risk and insurance consultant candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.

   It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.

   After that, you can create an onboarding schedule for a new risk and insurance consultant. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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How much does it cost to hire a risk and insurance consultant?