Junior Insurance Risk Consultant: Growth & Impact

3M HEALTHCARE; Ramsey (NJ); On-site; USD 75,000 - 150,000; Full time

Benefits offered by this job

Health, vision, dental coverage

401(k) with company match

Life insurance

Paid time off: 18 days + holidays

Job summary

Foundation Risk Partners is seeking a Risk Management Consultant to join the Insurance Consulting & Risk Advisory team. You will lead complex risk assignments, synthesize technical details into strategic insights, and advise senior stakeholders on enterprise and transactional risk issues.

The role emphasizes client-facing leadership, collaboration with brokers, underwriters, and legal counsel, and ongoing monitoring of risk exposures.

Qualifications

• Bachelor's degree in Risk Management, Insurance, or related field.
• Strong analytical and problem-solving skills.
• Internship or coursework related to insurance, risk management, or consulting.
• Professional certifications preferred: ARM, CPCU, CRM, FRM, RF.

Responsibilities

• Identify, evaluate, and analyze operational, contractual, and third-party risk exposures.
• Strategically manage enterprise-wide insurance and risk program renewals, including broker oversight and market negotiations.
• Collaborate with external advisors including brokers, underwriters, claims professionals, TPAs, and legal counsel.
• Review contracts and licensing to ensure compliance with risk management requirements.
• Evaluate insurance pricing, program structures, deductibles, limits, and service agreements; prepare cost-benefit analyses.
• Analyze loss data and prepare monthly reserve accruals and reporting.
• Partner with legal, HR, audit, and claims teams to establish settlement strategies.
• Research risk management trends and provide strategic recommendations.

Skills

Analytical skills

Problem-solving

Education

Bachelor's in Risk Management or related

Job description

Foundation Risk Partners is seeking a Risk Management Consultant to join the Insurance Consulting & Risk Advisory team. You will lead complex risk assignments, synthesize technical details into strategic insights, and advise senior stakeholders on enterprise and transactional risk issues.

The role emphasizes client-facing leadership, collaboration with brokers, underwriters, and legal counsel, and ongoing monitoring of risk exposures.