Senior Analyst, Insurance Risk Management

Job Description:

Founded in 1912, Illinois Tool Works Inc. is a Fortune 300 global multi-industry manufacturing leader with revenue of $16 billion in 2025. The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW’s approximately 43,000 dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture. www.itw.com  

Our headquarters are in Glenview, IL. include a fitness center at no cost to the employees, a cafe, outdoor volleyball courts, walking trails around the facility, employee resource groups, corporate discounts, dry cleaning services, covered/outdoor parking, and much more. We are just a block away from the nearest Metra station, and it is a quick 20-minute train ride to downtown Chicago, museums, lakefront, and other activities.

More details on our benefits can be found on our website at https://www.itw.com/careers/benefits-compensation/

The Insurance Risk Management Senior Analyst will support the entire scope of the Company’s commercial insurance programs with a primary focus on assisting the Risk Management team with the placement and administration of the programs.  The ideal candidate will possess a solid analytical background and excellent communication skills, will be very detail-oriented, and will demonstrate critical thinking along with an entrepreneurial spirit.

The role will report to the Director of Risk Management and work closely with other members of the Risk Management team.

Primary Responsibilities

• Manage the data collection and risk exposure information process to support underwriting applications.
• Manage the Risk Management reporting process and information systems.
• Coordinate with brokers to supervise the invoice collection process for global property and casualty insurance programs.
• Manage the administration of insurance certificates and US auto ID card issuance.
• Support the Risk Management team with ad hoc projects across the entire portfolio of commercial insurance programs.

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Job Requirements

• Bachelor’s degree or equivalent in Insurance, Accounting, Economics, Finance or Business Administration.
• 3+ years of experience in a role focused on insurance risk management.
• Ability to work onsite 5 days a week at the Glenview, IL campus with flexibility in hours.
• Detail-orientedDetail oriented self-starter with strong organizational skills.
• Excellent communication and interpersonal skills, including the ability and desire to maintain relationships with business units across domestic and international geographies.

Compensation Information:

The compensation package for the role offers a competitive base salary ranging from $85k to $97k annually.

ITW considers various factors when extending an offer, including but not limited to the scope and responsibilities of the position, the candidate's work experience, education and training, geographic location, key skills, as well as market and business considerations.

In addition to a competitive salary, ITW employees in the U.S. are eligible for a comprehensive benefits package. This package includes medical, dental, vision, disability, and life insurance programs. We also provide a 401k plan with both a company match and additional employer contribution, Flexible Spending Accounts, Health Savings Accounts, Employee Assistance Program, Commuter benefits, and Adoption Assistance.

ITW is an equal opportunity employer. We value our colleagues’ unique perspectives, experiences and ideas and create workplaces where everyone can develop their careers and perform to their full potential. 

As an equal employment opportunity employer, ITW is committed to equal employment opportunity and fair treatment for employees, beginning with the hiring process and continuing through all aspects of the employment relationship. 

All qualified applicants will receive consideration for employment without regard to race, color, sex, gender identity, sexual orientation, religion, national origin, age, disability, protected Veteran status or any other characteristic protected by applicable federal, state, or local laws.