Insurance Risk Manager pay range
Commonwealth of Kentucky · class code 20000880
- Class code
- 20000880
- Pay grade
- 17
- Pay unit
- Month
- Alternate ranges
- 3
- State
- Kentucky
- The Commonwealth of Kentucky published pay range for Insurance Risk Manager is $4,888 to $7,821 per month, spanning every alternate range the plan defines.
- Kentucky publishes an entry rate and a midpoint for each pay grade, not a maximum, so the upper figure on this page is the grade midpoint.
- That works out to about $58,660 to $93,856 a year at full time.
- Kentucky Personnel Cabinet keys this classification as class code 20000880.
- The plan defines 3 alternate ranges for this class, so the rate depends on which criteria an employee meets.
- This is the range the plan authorises, not the salary of any individual employee.
Alternate ranges
| Range | Entry | Midpoint | Basis |
|---|---|---|---|
| Range 37.5-hour week | $4,888 | $7,332 | per month |
| Range 40-hour week | $5,214 | $7,821 | per month |
| Range Hourly | $30.08 | $45.12 | per hour |
Which alternate range applies is set by the plan's own criteria (experience, certification or assignment). The criteria text lives in the source document.
Class specification
The Personnel Cabinet class specification for this class is published by Kentucky Personnel Cabinet. The passages below are quoted from it as published, not paraphrased, and cut to their opening sentences; the full specification is the authority on duties and qualifications. It was last revised 12/16/2023.
What the state says the job is
Manages the functions involved in the risk management program for all Commonwealth property and liability exposures. Through identification and analysis of risks and financing/insurance options, protects the assets and revenue of the Commonwealth's agencies against unforeseen, fortuitous loss through a cost-effective risk management program; and performs other duties as required.
Examples of the work
Plans, implements, and manages a continuous program of risk identification and analysis of loss exposures to mitigate loss potential through elimination, avoidance, reduction, and transfer mechanisms. Plans, develops, and recommends levels and methods of financing fortuitous loss. Plans, develops, and manages an efficient and effective risk management administration and reporting system.
Minimum qualifications
EDUCATION: Graduate of a college or university with a bachelor's degree in insurance, risk management, business administration or a related field. EXPERIENCE, TRAINING, OR SKILLS: Seven years of experience in risk management in a corporate, governmental, brokerage, or consulting environment. Substitute EDUCATION for EXPERIENCE: Graduate study in insurance, risk management, or business administration will substitute for the experience on a year-for-year basis OR certification as an Associate in Risk Management (ARM) or as a Chartered Property and Casualty Underwriter (CPCU) by the Insurance Institute of America will substitute for one year of the experience. Substitute EXPERIENCE for EDUCATION: Experience in risk management in a corporation, governmental, brokerage or consulting environment will substitute for the college education on a year-foryear basis.
Quoted from the Personnel Cabinet class specification, read 2026-10-21.
Where this comes from
Kentucky Personnel Cabinet publishes this figure in Classified and Unclassified 37.5 and 40-Hour Salary Schedule, effective September 16, 2026. Every number on this page is read from that document; nothing is estimated, modelled or averaged.
Job titles and their pay grades come from the Job Specification Search, joined to the salary schedule.