How much does an Insurance Risk Analyst I make in San Francisco, CA? The average Insurance Risk Analyst I salary in San Francisco, CA is $86,272 as of February 26, 2024, but the range typically falls between $74,976 and $100,374. 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. 

Insurance Risk Analyst I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Insurance Risk Analyst I Salary $64,691 San Francisco,CA February 26, 2024
25th Percentile Insurance Risk Analyst I Salary $74,976 San Francisco,CA February 26, 2024
50th Percentile Insurance Risk Analyst I Salary $86,272 San Francisco,CA February 26, 2024
75th Percentile Insurance Risk Analyst I Salary $100,374 San Francisco,CA February 26, 2024
90th Percentile Insurance Risk Analyst I Salary $113,213 San Francisco,CA February 26, 2024
25% $74,976 10% $64,691 90% $113,213 75% $100,374 $86,272 50%(Median) Didn’t find job title? Click
Change Search Criteria

What skills does an Insurance Risk Analyst I need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Risk Management: Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.

2.

Installation: The action or process of installing someone or something, or of being installed. the act of installing the state of being installed, something that is installed for use.

3.

Business Operations: The outcome of business operations is the harvesting of value from assets owned by a business. Assets can be either physical or intangible. An example of value derived from a physical asset, like a building, is rent. An example of value derived from an intangible asset, like an idea, is a royalty. The effort involved in "harvesting" this value is what constitutes business operations cycles.

Risk Management 3.35%
Installation 5.2%
Business Operations 1.64%
Others 89.81%

Job Description for Insurance Risk Analyst I

Insurance Risk Analyst I 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. Being an Insurance Risk Analyst I 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. Additionally, Insurance Risk Analyst I supports loss prevention and safety initiatives. Requires a bachelor's degree. Typically reports to a supervisor or manager. The Insurance Risk Analyst I work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Insurance Risk Analyst I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description

Employers: Job Description Management Tool

See user submitted job responsibilities for Insurance Risk Analyst I.

Salary.com job board provides millions of Insurance Risk Analyst I information for you to search for. Click on search button below to see Insurance Risk Analyst I job openings or enter a new job title here.

Job Openings for Insurance Risk Analyst I in San Francisco, CA

Career Path for Insurance Risk Analyst I

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Insurance Risk Analyst I, the first career path typically progresses to E-commerce Risk Director.

The second career path typically progresses to Environmental Risk Management Specialist.

The third career path typically starts with an Insurance Risk Analyst II position, and then progresses to Insurance Risk Analyst IV.

Additionally, the fourth career path typically starts with a Risk Analyst II position, and then progresses to Risk Analyst IV.

Those that have already made the climb...
Douglas R. Bettinger, Executive Vice President and Chief Financial Officer
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper ... More
Fiscal Year Ended in 2023
Not the job you're looking for? Search more salaries here:
See if your skills match up? Check skills for Insurance Risk Analyst I

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst

Insurance Risk Analyst I salary varies from city to city. Compared with national average salary of Insurance Risk Analyst I, the highest Insurance Risk Analyst I salary is in San Francisco, CA, where the Insurance Risk Analyst I salary is 25.0% above. The lowest Insurance Risk Analyst I salary is in Miami, FL, where the Insurance Risk Analyst I salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for an Insurance Risk Analyst I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
74976
100374
86272

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
76901
107133
89422
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Risk Analyst I in San Francisco, CA. The base salary for Insurance Risk Analyst I ranges from $74,976 to $100,374 with the average base salary of $86,272. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $76,901 to $107,133 with the average total cash compensation of $89,422.
Step 2 of 3

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

74976
100374

 

Step 3 of 3

How much should you be paid?

About San Francisco, California    San Francisco is located on the West Coast of the United States at the north end of the San Francisco Peninsula and includes significant stretches of ....More

San Francisco, California  area prices were up 4.5% from a year ago    View the Cost of Living in San Francisco, California

Insurance Risk Analyst I Salary in popular cities: Los AngelesSan DiegoSan Jose

Skills associated with Insurance Risk Analyst I: Claim Settlement Policies, Data Modeling, Risk Assessment, Data Analytics ...More

Recently searched related titles: Risk Management Insurance

Recently searched related titles: Municipal Credit Analyst, Insurance Clerk, Eeo Investigator

Jobs with a similar salary range to Insurance Risk Analyst I : Financial Risk Analyst, Risk and Compliance Consultant, Risk Advisory Staff

Salary estimation for Insurance Risk Analyst I at companies like : Teachers Society of America, Contact Dietz Surveying Co, Southhaven Nursing Home