How much does an Insurance Risk Analyst II make in New York, NY? The average Insurance Risk Analyst II salary in New York, NY is $98,333 as of February 26, 2024, but the range typically falls between $85,726 and $112,824. 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 II Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Insurance Risk Analyst II Salary $74,249 New York,NY February 26, 2024
25th Percentile Insurance Risk Analyst II Salary $85,726 New York,NY February 26, 2024
50th Percentile Insurance Risk Analyst II Salary $98,333 New York,NY February 26, 2024
75th Percentile Insurance Risk Analyst II Salary $112,824 New York,NY February 26, 2024
90th Percentile Insurance Risk Analyst II Salary $126,016 New York,NY February 26, 2024
25% $85,726 10% $74,249 90% $126,016 75% $112,824 $98,333 50%(Median) Didn’t find job title? Click
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What skills does an Insurance Risk Analyst II 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.

Service Delivery: Creating and implementing innovative strategic plans and solutions to address customer concerns and needs and meet service delivery expectations.

3.

Loss Prevention: Loss prevention refers to measures taken to prevent the loss of life, health, and property. In the workplace, this involves preventing accidents, reducing risks, and controlling known hazards.

Risk Management 27.41%
Service Delivery 1.98%
Loss Prevention 1.28%
Others 69.33%

Job Description for Insurance Risk Analyst II

Insurance Risk Analyst II 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 II 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 II supports loss prevention and safety initiatives. Requires a bachelor's degree. Typically reports to a supervisor or manager. The Insurance Risk Analyst II occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be an Insurance Risk Analyst II typically requires 2 -4 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Insurance Risk Analyst II in New York, NY

Career Path for Insurance Risk Analyst II

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 II, 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 III position, and then progresses to Insurance Risk Analyst IV.

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

Those that have already made the climb...
Jay Stasz, Former Senior Vice President, Chief Financial Officer
Ollie's Bargain Outlet Holdings, Inc. operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, p... More
Fiscal Year Ended in 2022
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Insurance Risk Analyst II salary varies from city to city. Compared with national average salary of Insurance Risk Analyst II, the highest Insurance Risk Analyst II salary is in San Francisco, CA, where the Insurance Risk Analyst II salary is 25.0% above. The lowest Insurance Risk Analyst II salary is in Miami, FL, where the Insurance Risk Analyst II 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

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

Average Base Salary

Core compensation

 
 
 
85726
112824
98333

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
88636
120856
102933
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Risk Analyst II in New York, NY. The base salary for Insurance Risk Analyst II ranges from $85,726 to $112,824 with the average base salary of $98,333. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $88,636 to $120,856 with the average total cash compensation of $102,933.
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85726
112824

 

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About New York, New York    The City of New York, usually called either New York City (NYC) or simply New York (NY), is the most populous city in the United States. With an estim....More

New York, New York  area prices were up 1.6% from a year ago    View the Cost of Living in New York, New York

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