Risk Management Consultant

Foundation Risk Partners • Ramsey, NJ

21h

About The Position

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.

Requirements

• Minimum of 3 years’ experience in corporate risk management, insurance brokerage, underwriting, or a related advisory role.
• Strong technical knowledge across major insurance lines and risk financing structures.
• Excellent analytical, problem‑solving, and project‑management skills.
• Executive‑level communication skills with the ability to advise non‑technical senior stakeholders.
• Commercial mindset with the ability to connect risk decisions to business outcomes.
• Bachelor’s degree from an accredited university or college required.

Nice To Haves

• M&A or private equity diligence experience strongly preferred.
• Professional certifications preferred: ARM, CPCU, CRM, FRM, RF.

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.

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!

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 101-250 employees