Risk Analyst Visa Sponsorship Jobs in Minnesota
Minnesota's risk analyst job market is anchored by major financial institutions, insurers, and healthcare organizations headquartered in the Twin Cities, including U.S. Bancorp, Ameriprise Financial, and UnitedHealth Group. These employers have established track records of sponsoring work visas for quantitatively skilled analysts. Minneapolis and St. Paul concentrate the bulk of sponsorship activity in the state.
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The Commercial Insurance Risk Analyst works closely with the System Director, Risk Insurance to safeguard the organization's assets through self-insurance and commercial insurance programs. This position assists the System Director, Risk Insurance with identifying and evaluating risks of loss to the organization, formulating appropriate insurance coverage recommendations for the self-insurance and commercial insurance programs and implementing process improvement initiatives. The Commercial Insurance Risk Analyst works with internal customers throughout the organization, insurance brokers, commercial insurers, insurance regulators and Fairview's captive insurance company. This position takes a lead role in ensuring that coverage applications, policies, records and reports are complete and accurate.
- Assist with identifying, evaluating, addressing and monitoring organizational risks.
- Assist in notifying and consulting with insurance brokers, insurance companies, and regulatory authorities regarding coverage changes and enhancements that may be needed to address new and existing risks.
- Assist with minimizing risk of financial loss through ongoing assessment of the scope and adequacy of the organization’s insurance and self-insurance coverages.
- Assist with reviewing contracts, agreements, and leases to identify and minimize new and transformed risks and to ensure insurance requirements are appropriate for those risks.
- Gather underwriting and exposure data and complete applications for new and renewal insurance policies.
- Manage surety bond program including placement of new bonds.
- Maintain schedule of property locations/statement of values, vehicle schedule and driver roster.
- Assist with developing and revising operational policies and procedures as needed.
- Monitor, maintain and regularly update system for continuously monitoring motor vehicle records (MVRs) of employed and volunteer drivers subject to MVR checks as per company policy.
- Review new and renewal commercial insurance policies for accuracy and completeness upon receipt.
- Review insurance invoices for accuracy and submit for payment.
- Conduct annual Directors and Officers Insurance survey to identify company employees participating on external boards as part of their job duties and to obtain the names of those boards.
- Gather exposure data for actuary and assist with reviewing actuarial reports.
- Assist with preparing and tracking annual budget for captive, workers’ compensation and commercial insurance coverages.
- Create and revise miscellaneous reports as needed.
- Manage certificates of insurance function, including distribution of certificates issued from self-insurance policies.
- Comply with and maintain knowledge of all relevant laws, regulations, policies, procedures and standards.
- Continually seek ways to improve processes to create cost savings and efficiencies.
- Perform other duties as assigned from time to time.
Required Qualifications
- 4-Year Degree in Business, Accounting, Finance, Insurance, or equivalent work experience in insurance
- 3 years risk management, commercial insurance and/or self-insurance experience
- Ability to safeguard sensitive information and effectively manage projects, deadlines and priorities
- Self-motivated and detail-oriented with strong analytical and problem-solving skills
- Advanced Microsoft Office skills, particularly Outlook, Excel, Word and PowerPoint
Preferred Qualifications
- 5 years risk management, commercial insurance and/or self-insurance experience
- Captive insurance experience
- Health care experience
- Minnesota Property Casualty Insurance Agent License
- Insurance designation, such as Associate in Risk Management (ARM) or Chartered Property Casualty Underwriter (CPCU)
Compensation
- $81,702.40 - $115,336.00 Annual
Responsibilities
The Commercial Insurance Risk Analyst works closely with the System Director, Risk Insurance to safeguard the organization's assets through self-insurance and commercial insurance programs. This position assists the System Director, Risk Insurance with identifying and evaluating risks of loss to the organization, formulating appropriate insurance coverage recommendations for the self-insurance and commercial insurance programs and implementing process improvement initiatives. The Commercial Insurance Risk Analyst works with internal customers throughout the organization, insurance brokers, commercial insurers, insurance regulators and Fairview's captive insurance company. This position takes a lead role in ensuring that coverage applications, policies, records and reports are complete and accurate.
- Assist with identifying, evaluating, addressing and monitoring organizational risks.
- Assist in notifying and consulting with insurance brokers, insurance companies, and regulatory authorities regarding coverage changes and enhancements that may be needed to address new and existing risks.
- Assist with minimizing risk of financial loss through ongoing assessment of the scope and adequacy of the organization’s insurance and self-insurance coverages.
- Assist with reviewing contracts, agreements, and leases to identify and minimize new and transformed risks and to ensure insurance requirements are appropriate for those risks.
- Gather underwriting and exposure data and complete applications for new and renewal insurance policies.
- Manage surety bond program including placement of new bonds.
- Maintain schedule of property locations/statement of values, vehicle schedule and driver roster.
- Assist with developing and revising operational policies and procedures as needed.
- Monitor, maintain and regularly update system for continuously monitoring motor vehicle records (MVRs) of employed and volunteer drivers subject to MVR checks as per company policy.
- Review new and renewal commercial insurance policies for accuracy and completeness upon receipt.
- Review insurance invoices for accuracy and submit for payment.
- Conduct annual Directors and Officers Insurance survey to identify company employees participating on external boards as part of their job duties and to obtain the names of those boards.
- Gather exposure data for actuary and assist with reviewing actuarial reports.
- Assist with preparing and tracking annual budget for captive, workers’ compensation and commercial insurance coverages.
- Create and revise miscellaneous reports as needed.
- Manage certificates of insurance function, including distribution of certificates issued from self-insurance policies.
- Comply with and maintain knowledge of all relevant laws, regulations, policies, procedures and standards.
- Continually seek ways to improve processes to create cost savings and efficiencies.
- Perform other duties as assigned from time to time.
Required Qualifications
- 4-Year Degree in Business, Accounting, Finance, Insurance, or equivalent work experience in insurance
- 3 years risk management, commercial insurance and/or self-insurance experience
- Ability to safeguard sensitive information and effectively manage projects, deadlines and priorities
- Self-motivated and detail-oriented with strong analytical and problem-solving skills
- Advanced Microsoft Office skills, particularly Outlook, Excel, Word and PowerPoint
Preferred Qualifications
- 5 years risk management, commercial insurance and/or self-insurance experience
- Captive insurance experience
- Health care experience
- Minnesota Property Casualty Insurance Agent License
- Insurance designation, such as Associate in Risk Management (ARM) or Chartered Property Casualty Underwriter (CPCU)
Compensation
- $81,702.40 - $115,336.00 Annual
Risk Analyst Job Roles in Minnesota
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Search Risk Analyst Jobs in MinnesotaRisk Analyst Jobs in Minnesota: Frequently Asked Questions
Which companies sponsor visas for risk analysts in Minnesota?
The most active sponsors for risk analyst roles in Minnesota tend to be large financial services and healthcare firms headquartered in the Twin Cities. U.S. Bancorp, Ameriprise Financial, UnitedHealth Group, Allianz Life, and Securian Financial have all filed H-1B visa Labor Condition Applications for risk-related positions in recent years. Larger employers with dedicated compliance and treasury functions are generally more equipped to manage the sponsorship process.
Which visa types are most common for risk analyst roles in Minnesota?
The H-1B visa is by far the most common sponsorship pathway for risk analysts in Minnesota, as the role typically qualifies as a specialty occupation requiring at least a bachelor's degree in finance, statistics, mathematics, or a related quantitative field. Candidates with Canadian or Mexican citizenship may also be eligible for the TN visa under the USMCA, which does not require lottery selection and can be a more direct path.
Which cities in Minnesota have the most risk analyst sponsorship jobs?
Minneapolis and St. Paul account for the overwhelming majority of risk analyst sponsorship opportunities in Minnesota. Minneapolis in particular hosts the regional headquarters of major banks, asset managers, and insurance carriers that regularly hire for risk functions. Rochester has a smaller but growing presence due to Mayo Clinic's analytical and financial operations, and Bloomington sees activity from financial services firms based in the southern metro.
How to find risk analyst visa sponsorship jobs in Minnesota?
Migrate Mate is built specifically for international candidates seeking visa sponsorship jobs, including risk analyst roles in Minnesota. You can filter by state and role to surface employers that have a history of sponsoring work visas, saving time that would otherwise go toward manually verifying each company's willingness to sponsor. For risk analyst positions in the Twin Cities market, Migrate Mate's filters help you focus on employers where sponsorship is a realistic outcome.
Are there state-specific factors that affect risk analyst visa sponsorship in Minnesota?
Minnesota's concentration of Fortune 500 companies in financial services and healthcare creates a relatively strong sponsorship environment for risk analysts compared to states without major industry anchors. The University of Minnesota and Carlson School of Management also supply a pipeline of international graduate students in finance and statistics, which means many Minnesota employers are already familiar with OPT and H-1B processes for this type of role. Prevailing wage requirements under H-1B rules apply statewide and are determined by the Department of Labor based on the Minneapolis-St. Paul metropolitan area for most positions.
What is the prevailing wage for sponsored risk analyst jobs in Minnesota?
U.S. employers sponsoring a visa must pay at least the prevailing wage, which is what workers in the same role, area, and experience level typically earn. The Department of Labor sets this rate to make sure companies aren't hiring foreign workers simply because they'd accept lower pay than a U.S. worker. It varies by job title, location, and experience. You can look up current prevailing wage rates for any occupation and location using the OFLC Wage Search page.