Insurance Risk Analyst II Salary in Chicago, Illinois

How much does an Insurance Risk Analyst II make in Chicago, IL? The average Insurance Risk Analyst II salary in Chicago, IL is $82,793 as of October 28, 2020, but the range typically falls between $67,704 and $98,787. 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. 

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Job Description

Analyzes the insurance needs of an organization to provide optimum coverage, costs, and claim settlements. Collects, classifies, and analyzes data from multiple sources such as audits, claims, renewals and financial reporting. Creates risk forecasting models and reporting using business intelligence tools. Collaborates with cross-functional teams to ensure reporting and processing of all policy audits, payments, claims, and renewals. Supports loss prevention and safety initiatives. Requires a bachelor's degree. Typically reports to a supervisor or manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2 -4 years of related experience. (Copyright 2020 Salary.com)

Take just three simple steps below to generate your own personalized salary report.

Step of 3

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

Average Base Salary

Core compensation

 
 
 
67704
98787
82793

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
69576
104785
84452
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Risk Analyst II in Chicago, IL. The base salary for Insurance Risk Analyst II ranges from $67,704 to $98,787 with the average base salary of $82,793. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $69,576 to $104,785 with the average total cash compensation of $84,452.
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For a real-time salary target, tell us more about your role in the four categories below.

67704
98787

 

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Career Path for this job

  1. Down a level:

    Insurance Risk Analyst I

    0 - 2 years experience
    Bachelor's Degree

  2. This Job:

    Insurance Risk Analyst II

    2 - 4 years experience
    Bachelor's Degree

  3. Up a level:

    Insurance Risk Analyst III

    4 - 7 years experience
    Bachelor's Degree

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Job Openings for Insurance Risk Analyst II in Chicago, IL