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AJ
Arthur J. Gallagher & Co.
Associate Director, Risk Advisory
Career Insights for Risk Consultant
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Based on Ohio data
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What they do
A Risk Consultant helps clients to evaluate risk and recommends strategies to mitigate or offset risks that could result in financial losses for a company or organization. May analyze risk in investments, business operations or technology systems at a company. May provide risk management consulting for life insurance, health insurance or other types of insurance companies.
$73,103 / year median in Ohio
-5% projected decline
Job Description
Introduction At Artex, we reimagine what risk management can be and we do it with bold thinking, deep expertise, and an unwavering belief in what s possible. As part of our global team, you ll help clients navigate complex risks through creative, forward-looking solutions that go beyond the expected. This is a place where innovation is encouraged, ideas are welcomed, and no two days look the same. We re a community of confidently curious problem-solvers, opportunity seizers, and collaborative thinkers, working together to challenge convention and shape the future of our industry. Here, you ll be supported to explore your potential, grow your expertise, and make a meaningful impact on a global scale. How you'll make an impact The Associate Director, Risk Advisory serves as an outsourced risk management consultant for a diverse portfolio of clients. This role acts as a key liaison between clients, insurance brokers, third-party administrators (TPAs), carriers, and other service providers to support effective risk financing and claims management strategies. The Associate helps clients optimize their Total Cost of Risk (TCOR) through data analysis, claims oversight, program administration, vendor management, and strategic risk management initiatives. The ideal candidate possesses a strong background in commercial insurance claims handling, risk management, or a related field, with experience in workers' compensation, auto liability, general liability, property damage, and other commercial lines of coverage. This individual must be highly analytical, client-focused, organized, and capable of managing multiple projects in a fast-paced consulting environment. Essential Duties and Responsibilities Client Relationship Management Develop and maintain strong client relationships through proactive communication, responsiveness, and delivery of exceptional service. Serve as a trusted advisor to clients on claims management, insurance program performance, and risk management best practices. Participate in client meetings, stewardship reviews, renewal planning sessions, and strategic risk management discussions. Assist in ensuring client satisfaction and achievement of risk management program objectives. Claims and Risk Management Oversight Analyze workers' compensation, auto liability, general liability, property, and other commercial claims programs to identify trends, emerging exposures, and opportunities for cost reduction. Coordinate with third-party administrators, insurance carriers, brokers, defense counsel, and medical management vendors to monitor claim outcomes and service performance. Review loss runs, reserve adequacy, claim handling practices, litigation trends, and large-loss exposures. Prepare claims summaries, executive dashboards, benchmarking reports, and recommendations for clients. Assist clients in developing strategies to reduce frequency, severity, and overall claim costs. Work with Artex Team Leader to identify client value added projects and opportunities Client Onboarding and Program Administration Support client intake, implementation, and onboarding activities. Coordinate the collection and validation of underwriting, exposure, payroll, vehicle, property, and loss history information. Assist with annual program renewals and ongoing insurance administration activities. Maintain client files, documentation, and risk management records in accordance with company standards. Data Analysis and Reporting Analyze claims, exposure, financial, and operational data to identify trends, anomalies, and areas of opportunity. Develop client-facing presentations, reports, scorecards, dashboards, and stewardship materials. Prepare key performance indicator (KPI) reports related to claim performance, loss trends, reserve development, and total cost of risk. Utilize Excel and other business intelligence tools to support client analytics and reporting initiatives. Broker and Vendor Management Coordinate activities between clients, brokers, TPAs, carriers, and other service providers. Assist with the reviewal of broker service plans, performance metrics, and service agreements. Support contract review, negotiations, and implementation of third-party administrator, broker, and risk management vendor agreements. Monitor vendor performance and assist in resolving operational issues affecting client programs. Insurance Program Support Assist in evaluating insurance program structures, coverage options, deductibles, retentions, and risk financing strategies. Lend support, as necessary, for the preparation of insurance submissions and renewal documentation. Help identify coverage gaps, overlapping coverage, and opportunities for program optimization. Assist Artex team as necessary with certificate management, policy reviews, and other insurance administration functions. Strategic Risk Management Projects Participate in risk assessments, due diligence reviews, safety and loss control initiatives, and special client projects. Support mergers and acquisitions, divestitures, and integration activities from a risk management perspective. Assist clients with development and implementation of risk management policies, procedures, and best practices. Contribute to continuous improvement initiatives designed to enhance client outcomes and operational efficiency.