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Associate Quantitative Risk Analyst Jobs in Indiana

Elwood Staffing

Risk Operations Analyst

Columbus, IN · On-site

Our success comes from the success of our associates and customers. Come experience the Elwood way ... Provide training on different Risk Operations functions.* Complete and fulfill DOT verification ...

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Associate Quantitative Risk Analyst information

What is an associate quantitative risk analyst?

Associate Quantitative Risk Analysts are entry- to mid-level professionals who help financial institutions and organizations assess and manage risk using mathematical models and statistical techniques. They analyze data to identify potential risks, develop risk management strategies, and support decision-making processes. Their work often involves using quantitative software, working with large datasets, and collaborating with other risk management and finance professionals. Typically, they have backgrounds in mathematics, statistics, finance, or related fields.

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

To thrive as an Associate Quantitative Risk Analyst, you need a strong background in mathematics, statistics, finance, and data analysis, typically supported by a relevant degree such as in finance, mathematics, or economics. Familiarity with statistical software (like R, SAS, or Python), financial modeling tools, and possibly certifications such as FRM or CFA is highly valuable. Strong analytical thinking, attention to detail, and effective communication are crucial soft skills for interpreting complex data and presenting findings. These competencies are essential for accurately assessing financial risks and supporting informed decision-making in risk management environments.

What are some common challenges faced by associate quantitative risk analysts in their first year, and how can they overcome them?

In their first year, Associate Quantitative Risk Analysts often encounter challenges such as adapting to complex financial models, learning to interpret large datasets, and effectively communicating technical findings to non-technical stakeholders. Navigating regulatory requirements and understanding the company's risk management framework can also be demanding. To overcome these obstacles, new analysts should proactively seek mentorship, participate in team discussions, and leverage internal training resources to build both technical and soft skills. Regular collaboration with colleagues in risk, finance, and IT departments can also provide valuable insights and accelerate professional growth.

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

AspectAssociate Quantitative Risk AnalystCredit Risk Analyst
Required CredentialsBachelor's in finance, economics, or related field; often some familiarity with quantitative methodsBachelor's in finance, economics, or related field; certifications like CFA or FRM are common
Work EnvironmentFinancial institutions, risk management teams, quantitative departmentsBanking, lending institutions, credit departments
Employer & Industry UsageUsed in risk modeling, data analysis, and quantitative assessmentsFocuses on assessing creditworthiness and loan risk

The Associate Quantitative Risk Analyst primarily focuses on developing models and analyzing data to measure financial risks, often working with quantitative tools. In contrast, a Credit Risk Analyst concentrates on evaluating the creditworthiness of borrowers and managing credit risk. While both roles require similar educational backgrounds and work within financial institutions, their core responsibilities differ—one emphasizes quantitative modeling, the other credit assessment.

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

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

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

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

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

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

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

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

Associate Quantitative Risk Analyst jobs near you
Infographic showing various Associate Quantitative Risk Analyst job openings in Indiana as of August 2026, with employment types broken down into 1% As Needed, 69% Full Time, 27% Part Time, 1% Temporary, and 2% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution.

Project Cost Analyst - Intermediate (Contract)

Blue Star Partners LLC

Valparaiso, IN • Hybrid

$40 - $45/hr

Full-time

Re-posted 23 days ago

Job description

Job Title: Project Cost Analyst – Intermediate

Location: Valparaiso, IN (Hybrid – Onsite 3 days per week)

Duration: 1-Year Contract (with extensions)

Rate: $40 – $45/hr (W2)

Position Overview

The Project Cost Analyst – Intermediate supports cost management, forecasting, and reporting activities for large, complex capital projects. This role applies integrated project controls expertise across cost, schedule, risk, and quality management to improve predictability, performance, and decision-making. The analyst partners closely with Project Managers and stakeholders to manage budgets, forecasts, contract financials, and cost performance baselines in alignment with Project Management Standards and industry best practices.

Qualifications

  • Integrated knowledge of project scope, schedule, cost, risk, and quality management principles.

  • Working understanding of project management guidelines, standards, processes, and job aids.

  • Proficiency in cost management, forecasting, and reporting tools and techniques.

  • Demonstrated ability to lead through situational leadership, influence stakeholders, and work effectively in team environments.

  • Strong communication skills (verbal and written) with the ability to support value-based decision-making and conflict resolution.

Required for Selection

  • High School Diploma with 8 years of experience using Microsoft Excel (or equivalent tools) for data manipulation, integration, and report generation

    OR

  • Bachelor’s Degree with 3+ years of experience in financial or cost management

Preferred for Selection

  • Bachelor’s Degree with 8+ years of experience using Microsoft Excel or equivalent software for advanced data manipulation and reporting

  • Experience supporting large industrial or capital project environments

  • Ability to develop and review project estimates, budgets, and schedules

Responsibilities

  • Manage and maintain project budgets, cost baselines, and Estimate at Completion (EAC).

  • Experience in utility construction project environments Excel skills Access skills SAP (S4/HANA) skills

  • Perform integrated cost and schedule forecasting using quantitative risk management techniques (e.g., Expected Monetary Value, sensitivity analysis).

  • Develop and maintain qualitative and quantitative project baselines to measure and improve performance.

  • Apply integrated risk and quality management techniques to optimize project cost outcomes.

  • Direct and support cost control efforts across the project lifecycle.

  • Process labor timesheets, invoices, accruals, and contract submittals; ensure proper coding to WBS, cost systems, and expense categories.

  • Conduct cost and schedule variance analysis; recommend corrective, preventive, and predictive actions.

  • Orchestrate contract commercial management activities, including payment review, contract performance assessment, and forecasting.

  • Produce standard and ad hoc cost reports for project stakeholders and leadership.

  • Utilize schedule analysis techniques to improve cost and schedule performance.

  • Support Project Managers, Major Project Managers, Directors, and stakeholders with accurate cost data and reporting.

  • Tailor and improve cost management tools, processes, and techniques to enhance predictability and performance.

  • Apply Project Management Guidelines, industry standards, and best practices consistently.