Insurance Risk Manager Salary in Phoenix, Arizona

How much does an Insurance Risk Manager make in Phoenix, AZ? The average Insurance Risk Manager salary in Phoenix, AZ is $118,411 as of September 25, 2020, but the range typically falls between $100,002 and $138,308. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

About Phoenix, Arizona    Phoenix is in the southwestern United States, in the south-central portion of Arizona; about halfway between Tucson to the southeast and Flagstaff to ....More

Phoenix, Arizona  area prices were up 2.2% from a year ago    View the Cost of Living in Phoenix, Arizona

Job Description

Manages an organization's overall insurance programs. Analyzes insurance needs by identifying risk exposures and analyzing and classifying risks to provide optimum coverage, costs and claim settlements. Conducts regular policy reviews, research and compile loss trends, review actuarial estimations. Administers systems to collect data and generate meaningful models and reporting to support decisions. Coordinates policy renewals and applications. May administer self- insured plans. Requires a bachelor's degree. Typically reports to a director. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2020 Salary.com)

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Understand the total compensation opportunity for a Insurance Risk Manager, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
100002
138308
118411

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
106093
155833
130514
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Risk Manager in Phoenix, AZ. The base salary for Insurance Risk Manager ranges from $100,002 to $138,308 with the average base salary of $118,411. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $106,093 to $155,833 with the average total cash compensation of $130,514.
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100002
138308

 

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Career Path for this job

  1. Down a level:

    Insurance Risk Analyst IV

    7 + years experience
    Bachelor's Degree

  2. This Job:

    Insurance Risk Manager

    5 + years experience
    Bachelor's Degree

  3. Up a level:

    Insurance Risk Director


    Bachelor's Degree

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Job Openings for Insurance Risk Manager in Phoenix, AZ