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Associate Quantitative Analyst Jobs in Indiana (NOW HIRING)

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Associate Quantitative Analyst information

What does an associate quantitative analyst do?

An Associate Quantitative Analyst is responsible for applying mathematical, statistical, and analytical methods to financial and risk management problems. Their tasks often include building financial models, analyzing large datasets, and supporting senior analysts or portfolio managers with data-driven insights. They typically use programming languages like Python, R, or MATLAB to develop algorithms and test investment strategies. Associate Quantitative Analysts play a crucial role in helping organizations make data-informed decisions in areas such as trading, asset management, and risk assessment.

What are the key skills and qualifications needed to thrive as an associate quantitative analyst?

To thrive as an Associate Quantitative Analyst, you need strong analytical skills, advanced proficiency in mathematics and statistics, and typically a degree in a quantitative field such as mathematics, statistics, finance, or engineering. Familiarity with programming languages like Python or R, experience with statistical modeling tools, and knowledge of data analysis platforms are commonly required. Attention to detail, problem-solving ability, and effective communication skills help you interpret data and collaborate with team members. These skills are crucial for developing accurate models, providing actionable insights, and supporting data-driven decision-making in complex financial environments.

What are some common challenges an associate quantitative analyst faces when transitioning from academia to industry?

One common challenge for Associate Quantitative Analysts moving from academia to industry is adapting to the fast-paced, results-driven environment where deadlines and business impacts are prioritized over theoretical exploration. Unlike academic research, industry projects often require quick, practical solutions and effective communication with non-technical stakeholders. Additionally, analysts may need to balance multiple projects simultaneously and collaborate closely with teams such as risk management, IT, and trading desks. Developing strong project management and communication skills can help ease this transition.

What is the difference between Associate Quantitative Analyst vs Quantitative Analyst?

AspectAssociate Quantitative AnalystQuantitative Analyst
Required CredentialsBachelor's degree in finance, mathematics, or related field; some roles may require a master'sBachelor's or master's degree in quantitative fields; often more experience required
Work EnvironmentEntry-level position in finance or investment firms, supporting senior analystsMid-level role, involved in developing models and strategies in finance firms
Employer & Industry UsageCommon in asset management, hedge funds, investment banksUsed across similar financial institutions, often as a step toward senior roles

The Associate Quantitative Analyst typically holds an entry-level position with a focus on supporting quantitative teams, while a Quantitative Analyst usually has more experience and takes on more complex modeling tasks. Both roles are essential in financial analysis, but the associate role often serves as a stepping stone to becoming a full Quantitative Analyst.

What are the most commonly searched types of Quantitative Analyst jobs in Indiana?

The most popular types of Quantitative Analyst jobs in Indiana are:

What are popular job titles related to Associate Quantitative Analyst jobs in Indiana?

For Associate Quantitative Analyst jobs in Indiana, the most frequently searched job titles are:

What job categories do people searching Associate Quantitative Analyst jobs in Indiana look for?

The top searched job categories for Associate Quantitative Analyst jobs in Indiana are:

What cities in Indiana are hiring for Associate Quantitative Analyst jobs?

Cities in Indiana with the most Associate Quantitative Analyst job openings:

Data Scientist Analyst

Elevance Health

Indianapolis, IN • On-site, Remote

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 12 hours ago


Elevance Health rating

7.6

Company rating: 7.6 out of 10

Based on 352 frontline employees who took The Breakroom Quiz

211th of 310 rated insurance


Job description

Data Scientist Analyst

Location: This role requires associates to be in-office 1 day per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Ideal candidates will be able to report to one of our Pulse Point locations in Indianapolis, IN, Louisville, KY or Waukesha, WI. Alternate locations may be considered if candidates reside within a commuting distance from an office.

Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law.

As a Data Scientist Analyst, you will support the development of innovative analytics and AI solutions that uncover early signals in cost trends across Medicaid, Medicare, Local Group, and Individual markets. You'll collaborate with actuaries, finance leaders, and business stakeholders to enhance decision-making through advanced modeling, automation, and insight delivery.

In this role, you will help modernize how emerging cost drivers are detected using real-time data, AI-powered insights, and dynamic tools to support critical decisions for executive, actuarial, and financial audiences. Join us to shape the future of health cost forecasting.

How you will make an impact:

  • Develop and implement predictive models, trend detection algorithms, and statistical analyses using weekly claims, pharmacy, lab, and authorization data to identify emerging cost drivers.

  • Apply machine learning and AI techniques to uncover leading indicators of health utilization trends and improve predictive accuracy of actuarial and financial models.

  • Build and enhance interactive dashboards and executive tools that translate complex data into actionable insights for business and finance leaders.

  • Design and implement scalable machine learning models and LLM-based solutions.

  • Apply NLP techniques and prompt engineering to build conversational and generative AI systems.

  • Develop APIs using FastAPI or Flask for model serving and integration.

  • Execute algorithms to address specific business problems under the direction of team lead or manager.

  • Work with datasets of moderate size and complexity.

  • Develop visualization of analysis output for business users and publish results under the direction of team lead or manager.

  • Support the evolution of early-warning systems and automation for trend monitoring and reporting across multiple lines of business.

  • Translate model outputs and statistical insights into clear business narratives that inform planning, pricing, and strategic actions.

Minimum Requirements:

Requires a Bachelor's degree in Statistics, Computer Science, Mathematics, Machine Learning, Econometrics, Physics, Biostatistics or related Quantitative disciplines and 1 or more years of experience in predictive analytics or equivalent; or any combination of education and experience, which would provide an equivalent background.

Preferred Skills, Capabilities & Experiences:

  • Prior experience in healthcare analytics or trend analysis is a strong advantage highly preferred.

  • Proven ability to communicate technical findings and complex concepts to a non-technical audience and develop compelling visual narratives highly preferred.

  • Proficiency with Python, R, SQL, or similar tools to manipulate large, complex healthcare data sets highly preferred.

  • Experience with data visualization platforms (Power BI, Tableau, or equivalent) preferred.

Please be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.

Who We Are

Elevance Health is a health company dedicated to improving lives and communities - and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.

How We Work

At Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success - for our consumers, our associates, our communities and our business.

We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.

Elevance Health operates in a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process.

The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19 and Influenza. If you are not vaccinated, your offer will be rescinded unless you provide an acceptable explanation. Elevance Health will also follow all relevant federal, state and local laws.

Elevance Health is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process may contact elevancehealthjobssupport@elevancehealth.com for assistance.

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.

Prospective employees required to be screened under Florida law should review the education and awareness resources at HB531 | Florida Agency for Health Care Administration.


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About Elevance Health

Sourced by ZipRecruiter

Elevance Health is a health company dedicated to improving lives and communities - and making healthcare simpler. A Fortune 20 company with a longstanding history in the healthcare industry, we are looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve. You will thrive in a complex and collaborative environment where you take action and ownership to solve problems and lead change. Do you want to be part of a larger purpose and an evolving, high-performance culture that empowers you to make an impact?

Industry

Health care and social assistance

Company size

10,000+ Employees

Headquarters location

Indianapolis, IN, US

Year founded

2004

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