Risk Analyst I

Role Overview

A Risk Analyst I supports the evaluation of financial, operational, and strategic risks within an insurance organization. This entry-level role focuses on data gathering, basic analysis, and assisting senior analysts with modeling and reporting. It is a foundational position that builds the technical and analytical skills needed for advancement into more specialized risk, actuarial, or underwriting roles.

Core Responsibilities

• Collect and organize exposure data, loss information, and operational metrics.
• Assist with building basic risk models and performing scenario or sensitivity analyses.
• Prepare reports, charts, and summaries for senior analysts and leadership.
• Support underwriting and pricing decisions with preliminary risk assessments.
• Monitor emerging risks, regulatory updates, and industry trends.
• Help maintain risk databases, dashboards, and documentation.
• Collaborate with underwriting, claims, actuarial, and finance teams as needed.

Relevant Designations

• ARM
• AINS
• CPCU
• ARe

Sectors Where This Role Appears

• Risk Management
• Property & Casualty
• Reinsurance
• Cyber Insurance

Role Family

Risk & Analytics

Related Roles

• Risk Analyst II
• Underwriter
• Actuary
• Data Analyst

Quick Facts

• Typical seniority: Entry-level; progression to Risk Analyst II or Risk Manager.
• Common employers: Carriers, reinsurers, consulting firms, large enterprises.
• Common synonyms: Junior Risk Analyst, Risk Assistant, Risk Technician.
• Education: Bachelor’s degree in finance, statistics, economics, or related fields.
• Experience range: 0–3 years; internships or analytical coursework helpful.
• Remote-work likelihood: High; analytical roles are widely remote-friendly.
• Key skills: Data analysis, Excel/SQL, critical thinking, communication, modeling fundamentals.