Entry Level Insurance Risk Consultant

Entry Level Insurance Risk Consultant Foundation Risk Partners - 3.0 Ramsey, NJ Job Details $75,000 - $150,000 a year 1 day ago Benefits Paid holidays Disability insurance Health insurance Dental insurance Paid time off Vision insurance 401(k) matching Life insurance Qualifications Contract documentation review Vendor contracts Contract review Data reporting Consulting experience Research Cost control CPCU Analysis skills Bachelor's degree Loss control Risk management Third-party risk management Associate in Risk Management Negotiated pricing Accrual accounting Implementing cost-saving initiatives Vendor risk management Cost-benefit analysis (CBA) Entry level Full Job Description 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

.

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!