Foundation Risk Partners

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Entry Level Insurance Risk Consultant

Salary

$75k - $150k

Min Experience

0 years

Location

Ramsey, New Jersey, United States

JobType

full-time

About the job

Info This job is sourced from a job board

About the role

Foundation Risk Partners, one of the fastest growing insurance brokerage and consulting firms in the US, is adding to their team a Risk Management Consultant to their Insurance Consulting & Risk Advisory team.  This role requires a high‑impact, client‑facing professional capable of leading complex assignments, synthesizing technical detail into strategic insight, and advising senior stakeholders on enterprise and transactional risk issues.

Key Responsibilities

  • Identify, evaluate, and analyze operational, contractual, and third‑party risk exposures arising from client business activities, vendors, service providers, and customers.
  • Strategically manage enterprise‑wide insurance and risk program renewals, including broker oversight, coverage optimization, cost reduction initiatives, and market negotiations.
  • Collaborate with and direct external advisors including brokers, underwriters, claims professionals, TPAs, legal counsel, and specialty consultants.
  • Review contracts, leases, vendor agreements, and licensing arrangements to ensure compliance with established insurance and risk management requirements.
  • Evaluate and negotiate insurance pricing, program structures, deductibles, limits, policy wording, and service agreements; prepare cost‑benefit analyses of program alternatives.
  • Analyze loss data and prepare monthly reserve accruals and reporting for finance, risk, and safety teams.
  • Partner with legal, HR, audit, and claims teams to establish settlement strategies and support complex claims decision‑making.
  • Research emerging and best‑in‑class risk management trends, providing strategic recommendations related to insurance purchasing, program design, loss control, safety, and claims management.

Qualifications & Experience

  • 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.

This range represents the estimated low and high end of the salary range for this position. Actual salaries will vary and may be above or below the range based on factors including but not limited to performance, location, and experience. The range listed is just one component of FRP's total compensation package for employees.

Pay Transparency Range
$75,000—$150,000 USD

Disclaimer:

While this job description is intended to be an accurate reflection of the job requirements, management reserves the right to modify, add, or remove duties from particular jobs and to assign other duties as necessary.

Equal Employment Opportunity (EEO):

FRP provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or any other classifications protected by law.

Benefits:

FRP offers a comprehensive range of health-related benefit options including medical, vision, and dental. We offer a 401(k) with company match, company paid life insurance, STD, LTD and a generous PTO policy starting at 18 days per year plus 10 paid holidays & 2 floating holidays!

 

About the company

Provides insurance brokerage, risk management, and employee benefits services.

Skills

claims management
compliance
CRM