Senior Analyst, Insurance Risk Management

ITW; Chicago (IL); On-site; USD 85,000 - 97,000; Full time

Benefits offered by this job

Comprehensive benefits

401(k) with company match

Onsite amenities

Job summary

ITW, a Fortune 300 global manufacturing leader, is seeking an Insurance Risk Management Senior Analyst in Glenview, IL. The role supports all insurance programs, with emphasis on data, reporting, and underwriting processes, reporting to the Director of Risk Management.

The ideal candidate holds a Bachelor’s degree in Insurance or related field, 3+ years in insurance risk management, and is prepared to work onsite five days weekly.

Qualifications

• Bachelor’s or equivalent in Insurance, Accounting, Economics, Finance or Business Administration.
• 3+ years of experience in insurance risk management.
• Onsite work five days a week at the Glenview, IL campus; strong organizational skills required.

Responsibilities

• Manage data collection and risk exposure information for underwriting applications.
• Oversee Risk Management reporting processes and information systems.
• Coordinate with brokers to supervise invoice collection for global property and casualty programs.
• Administer insurance certificates and US auto ID card issuance.
• Support risk management with ad hoc projects across the portfolio.

Skills

Communication

Detail-oriented

Analytical

Risk management

Education

Bachelor's degree in Insurance

Bachelor's degree in Economics

Bachelor's degree in Finance

Job description

Job Description:

Founded in 1912, Illinois Tool Works Inc. is a Fortune 300 global multi-industry manufacturing leader with revenue of $16 billion in 2025. The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW’s approximately 43,000 dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture.www.itw.com

Our headquarters are in Glenview, IL. include a fitness center at no cost to the employees, a cafe, outdoor volleyball courts, walking trails around the facility, employee resource groups, corporate discounts, dry cleaning services, covered/outdoor parking, and much more. We are just a block away from the nearest Metra station, and it is a quick 20-minute train ride to downtown Chicago, museums, lakefront, and other activities.

More details on our benefits can be found on our website at https://www.itw.com/careers/benefits-compensation/

The Insurance Risk Management Senior Analyst will support the entire scope of the Company’s commercial insurance programs with a primary focus on assisting the Risk Management team with the placement and administration of the programs. The ideal candidate will possess a solid analytical background and excellent communication skills, will be very detail-oriented, and will demonstrate critical thinking along with an entrepreneurial spirit.

The role will report to the Director of Risk Management and work closely with other members of the Risk Management team.

Primary Responsibilities

• Manage the data collection and risk exposure information process to support underwriting applications.
• Manage the Risk Management reporting process and information systems.
• Coordinate with brokers to supervise the invoice collection process for global property and casualty insurance programs.
• Manage the administration of insurance certificates and US auto ID card issuance.
• Support the Risk Management team with ad hoc projects across the entire portfolio of commercial insurance programs.

Job Requirements

• Bachelor’s degree or equivalent in Insurance, Accounting, Economics, Finance or Business Administration.
• 3+ years of experience in a role focused on insurance risk management.
• Ability to work onsite 5 days a week at the Glenview, IL campus with flexibility in hours.
• Detail-orientedDetail oriented self-starter with strong organizational skills.
• Excellent communication and interpersonal skills, including the ability and desire to maintain relationships with business units across domestic and international geographies.

Compensation Information:

The compensation package for the role offers a competitive base salary ranging from $85k to $97k annually.

ITW considers various factors when extending an offer, including but not limited to the scope and responsibilities of the position, the candidate's work experience, education and training, geographic location, key skills, as well as market and business considerations.

In addition to a competitive salary, ITW employees in the U.S. are eligible for a comprehensive benefits package. This package includes medical, dental, vision, disability, and life insurance programs. We also provide a 401k plan with both a company match and additional employer contribution, Flexible Spending Accounts, Health Savings Accounts, Employee Assistance Program, Commuter benefits, and Adoption Assistance.

ITW is an equal opportunity employer. We value our colleagues’ unique perspectives, experiences and ideas and create workplaces where everyone can develop their careers and perform to their full potential.

As an equal employment opportunity employer, ITW is committed to equal employment opportunity and fair treatment for employees, beginning with the hiring process and continuing through all aspects of the employment relationship.

All qualified applicants will receive consideration for employment without regard to race, color, sex, gender identity, sexual orientation, religion, national origin, age, disability, protected Veteran status or any other characteristic protected by applicable federal, state, or local laws.