Insurance Risk Analyst IV Salary in Chicago, Illinois
How much does an Insurance Risk Analyst IV make in Chicago, IL? The average Insurance Risk Analyst IV salary in Chicago, IL is $128,316 as of February 27, 2023, but the range typically falls between $111,531 and $146,075. 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. Work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. Typically requires 7+ years of related experience. (Copyright 2023 Salary.com)
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Down a level:
Insurance Risk Analyst III
4 - 7 years experience
Bachelor's Degree -
This Job:
Insurance Risk Analyst IV
7 + years experience
Bachelor's Degree -
Up a level:
Insurance Risk Manager
5 + years experience
Bachelor's Degree
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Level of Education
- Insurance Risk Analyst IV Salaries with No Diploma
- Insurance Risk Analyst IV Salaries with a High School Diploma or Technical Certificate
- Insurance Risk Analyst IV Salaries with an Associate's Degree
- Insurance Risk Analyst IV Salaries with a Bachelor's Degree
- Insurance Risk Analyst IV Salaries with a Master's Degree or MBA
- Insurance Risk Analyst IV Salaries with a JD, MD, PhD or Equivalent