How to hire a risk and insurance manager

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

Here's a step-by-step risk and insurance manager 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 manager job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new risk and insurance manager
• Step 8: Go through the hiring process checklist

What does a risk and insurance manager do?

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1. Identify your hiring needs

   The risk and insurance manager 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

   No

   A risk and insurance manager's background is also an important factor in determining whether they'll be a good fit for the position. For example, risk and insurance managers from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

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

   Type of Risk And Insurance Manager	Description	Hourly rate
   Risk And Insurance Manager	Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.	$27-67
   Manager Finance Planning And Analysis	A manager finance planning and analysis oversees the daily operations of a company's financial planning department. They typically have administrative duties such as setting goals and guidelines, establishing timelines and budgets, delegating tasks among teams and staff, and reviewing financial reports regularly... Show more	$36-71
   Manager/Finance Accounting	A manager of finance accounting's role is to oversee the financial activities in a company or organization. Their responsibilities revolve around coordinating with other departments to gather financial data, analyze the revenues and expenditures, and develop written reports and presentations... Show more	$31-61

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Risk Management
   • Insurance Policies
   • Insurance Coverage
   • Patients
   • Insurance Programs
   • Workers Compensation
   • Insurance Claims
   • Health Insurance
   • Claims Management
   • General Liability
   • Financial Reports
   • Litigation
   • Insurance Verification
   • Real Estate

   Check all skills

   Responsibilities:

   • Manage the loan loss receivables SAS data mart, document change initiatives, implement SAS coding changes and process ongoing updates.
   • Insure government loans on FHA, VA, and USDA.
   • Assist supervisor in completing monthly/quarterly payroll and expense reports, and files for truck/trailer permits and insurance.
   • Establish insurance agency within payroll company from scratch to provide workers' compensation insurance to payroll clients.
   • Respond to deficiency letters from FHA to prevent indemnification, informs UW of deficiencies or need changes/updates.
   • Change banking relationship provider reducing costs while obtaining more treasury capabilities.

   More risk and insurance manager duties

3. Make a budget

   Including a salary range in the risk and insurance manager job description is a good way to get more applicants. A risk and insurance manager 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 manager in Utah may be lower than in New Hampshire, and an entry-level engineer typically earns less than a senior-level risk and insurance manager. Additionally, a risk and insurance manager with lots of experience in the field may command a higher salary as a result.

   Average risk and insurance manager salary

   $90,847yearly

   $43.68 hourly rate

   ---

   Entry-level risk and insurance manager salary

   $58,000 yearly salary

   Updated December 16, 2025

   Average risk and insurance manager salary by state

   Rank	State	Avg. salary	Hourly rate
   1	California	$114,793	$55
   2	Maryland	$113,023	$54
   3	New York	$111,763	$54
   4	Massachusetts	$104,936	$50
   5	New Jersey	$102,177	$49
   6	Pennsylvania	$101,071	$49
   7	Connecticut	$101,023	$49
   8	Texas	$96,890	$47
   9	North Carolina	$95,534	$46
   10	Arizona	$92,892	$45
   11	Michigan	$91,942	$44
   12	Illinois	$91,795	$44
   13	Ohio	$90,709	$44
   14	Wisconsin	$90,495	$44
   15	Virginia	$89,313	$43
   16	Washington	$88,766	$43
   17	New Mexico	$87,572	$42
   18	Indiana	$85,934	$41
   19	Minnesota	$83,615	$40
   20	Tennessee	$81,628	$39

   Average risk and insurance manager salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Accenture	$135,370	$65.08	696
   2	CITGO Petroleum	$134,262	$64.55
   3	Pwc	$131,613	$63.28	1,069
   4	Joby Aviation	$128,150	$61.61
   5	Deutsche Bank	$122,656	$58.97	15
   6	Citi	$117,828	$56.65	14
   7	Deloitte	$116,284	$55.91	1,431
   8	Über	$105,532	$50.74	4
   9	Ascent Resources	$101,161	$48.64
   10	The AES	$99,881	$48.02	2
   11	BDO USA	$96,073	$46.19	106
   12	Cook Children's Medical Center	$96,005	$46.16	2
   13	JPMorgan Chase & Co.	$95,542	$45.93	319
   14	Salesforce	$95,294	$45.81	2
   15	FNS	$95,178	$45.76
   16	Lear	$94,069	$45.23
   17	MassHousing	$93,042	$44.73
   18	Faraday Future	$92,177	$44.32
   19	Blue Origin	$88,820	$42.70
   20	M&T Bank	$88,664	$42.63	84

4. Writing a risk and insurance manager job description

   A risk and insurance manager 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. Below, you can find an example of a risk and insurance manager job description:

   Risk and insurance manager job description example

   EchoStar Corporation (NASDAQ: SATS) is a premier global provider of satellite communication solutions. Headquartered in Englewood, Colo., and conducting business around the globe, EchoStar is a pioneer in communications technologies through its Hughes Network Systems and EchoStar Satellite Services business segments. For more information, visit echostar.com. Follow @EchoStar on Twitter.
   
   EchoStar has an exciting opportunity for a risk and insurance manager to be responsible for our corporate insurance program as described below. This position located at our headquarters in Germantown, MD.
   Responsibilities
   Serve as the primary point of contact for EchoStar's corporate insurance needs, including coordinating with operating subsidiaries located outside the U.S.Maintain and administer the company's insurance coverages. Plan, manage and oversee the annual insurance renewal process for various coverages, including general liability, property, umbrella/excess, worker's compensation, auto, foreign package, cyber, directors & officers, and errors & omissions.Review limits, deductibles, proposal quotes and renewal terms and make recommendations to senior management.Proactively identify risks and help evaluate insurance products to mitigate as appropriate.Review RFPs, leases, contracts and other legal documents to evaluate appropriateness of wording and ensure compliance with insurance policies, including certificates of insurance.Oversee and administer certificate of insurance process Manage property and casualty loss control issues.Manage insurance claims in conjunction with broker to reduce costs.Prepare and manage the annual insurance budget, review invoices and submit payment requests.Manage the Company's relationship with its insurance brokers.
   
   Basic Requirements:
   Bachelor's degree15+ years of relevant experience in corporate insurance, preferably at a global company or insurance broker.
   
   Preferred Qualifications:
   Broker relationship experience Proficient in Microsoft Excel, Word, and PowerPointAbility to work independently and in a team environment as required Effective verbal and written communication skills; organized and detail oriented.Demonstrated ability to make good decisions, solve problems and drive for results.
   Will be eligible for discretionary bonus, with funding based on company performance.
   #LI-EM1
   
   EchoStar is committed to offering a comprehensive and competitive benefits package. Our programs are designed to provide you with the ability to customize your benefits to best meet the needs of you and your family. Our philosophy for these programs is to support and encourage healthy living and wellness. Our benefits package covers it all-from healthcare savings plans to education assistance and more!
   Financial: 401(k) retirement savings plan with company match; employee stock purchase plan; profit-sharing; company-paid life insurance, AD&D and disability Work-Life Balance: Paid Time Off (PTO), company-paid holidays, health and wellness events, exercise and sports facilities (locations may vary) Employee Incentives: Tuition reimbursement, employee referral program, year round employee events and community programs, discounts on Dish Network and HughesNetHealth: Medical, Dental, Vision, Employee Assistance Program (EAP), Health Savings Account (HSA) with opportunities to earn employer contributions; Health Care, Dependent Care and Transportation Flexible Spending Accounts (FSA)
   
   EchoStar and its Affiliated Companies are committed to hiring and retaining a diverse workforce. We are an Equal Opportunity/Affirmative Action employer and will consider all qualified applicants for employment without regard to race, color, religion, gender, pregnancy, sex, sexual orientation, gender identity, national origin, age, genetic information, protected veteran status, disability, or any other basis protected by local, state, or federal law. U.S. Persons or those able to obtain and maintain U.S. government security clearances may be required for certain positions. EEO is the law.

   Copy this example

   

5. Post your job

   There are various strategies that you can use to find the right risk and insurance manager 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 manager job on Zippia to find and recruit risk and insurance manager candidates who meet your exact specifications.
   • Use field-specific websites.
   • Post a job on free websites.

6. Interview candidates

   Your first interview with risk and insurance manager candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.

   You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete 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 manager

   Once you've selected the best risk and insurance manager candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.

   You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.

   Once that's done, you can draft an onboarding schedule for the new risk and insurance manager. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.

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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