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Commodities Quant Jobs in Indiana (NOW HIRING)

Commodities Quant information

What are the key skills and qualifications needed to thrive as a Commodities Quant, and why are they important?

To thrive as a Commodities Quant, you need advanced quantitative skills, a strong foundation in mathematics or finance, and typically a degree in a quantitative field such as physics, engineering, or statistics. Expertise in programming languages like Python, C++, or R, and experience with statistical modeling software and market data systems are crucial. Analytical thinking, attention to detail, and effective communication help you interpret complex data and convey insights to multidisciplinary teams. These skills enable accurate pricing, risk management, and strategy development in the fast-paced, data-driven commodities markets.

How do Commodities Quants typically collaborate with traders and risk managers in their daily work?

Commodities Quants frequently work closely with traders and risk managers to develop and refine pricing models, analyze market trends, and implement trading strategies. They may spend part of their day discussing market scenarios with traders, running quantitative analyses, or optimizing risk metrics for the desk. This collaborative environment ensures that quantitative insights are directly aligned with trading objectives and risk guidelines, allowing for rapid feedback and iterative improvements to models or strategies. Effective communication and teamwork are essential, as the ability to translate complex quantitative findings into actionable insights often determines the impact of a Quant's work.

What are Commodities Quants?

Commodities Quants are quantitative analysts who specialize in the commodities markets, such as energy, metals, and agricultural products. They use mathematical models, statistical techniques, and programming skills to analyze market trends, price movements, and risk factors specific to these physical goods. Their work supports trading, risk management, and investment strategies in commodity-focused financial institutions or trading firms. Commodities Quants play a key role in pricing derivatives, optimizing portfolios, and developing trading algorithms tailored to the unique characteristics of commodity markets.
What are popular job titles related to Commodities Quant jobs in Indiana? For Commodities Quant jobs in Indiana, the most frequently searched job titles are:
What cities in Indiana are hiring for Commodities Quant jobs? Cities in Indiana with the most Commodities Quant job openings:
IT Procurement Consultant

IT Procurement Consultant

State of Indiana

Indianapolis, IN • On-site

$67.31K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 7 days ago


State Of Indiana rating

6.8

Company rating: 6.8 out of 10

Based on 178 frontline employees who took The Breakroom Quiz

44th of 50 rated states


Job description

Work for Indiana
Begin a fulfilling career with the State of Indiana by joining one of the largest employers in the state, offering a range of opportunities across 60+ agencies. At the state, you'll find competitive compensation, a robust benefits package and a commitment to work-life balance. Most importantly, you'll have the chance to make a real and measurable impact on the lives of Hoosiers across Indiana.
About the Indiana Department of Administration (IDOA):IDOA helps to ensure the smooth function of state government, finding efficient and effective solutions to government-wide needs.
Role Overview:
This role leads statewide procurement operations with a strong emphasis on enterprise technology integration, strengthening data quality, and ensuring compliant purchasing across Executive Branch agencies. The position serves as the nexus between procurement, vendors, and IT partners including teams involved in initiatives like cloud migrations and technology-driven solicitations. By applying technical problem-solving, and data-driven analysis, the role enhances statewide contract performance, supports digital modernization efforts, and ensures that procurement processes align with evolving IT standards, security requirements, and enterprise-level technology strategies.
Salary Statement:
The salary for this position traditionally starts at $67,314.00 but may be commensurate with education or work experience.
A Day in the Life:
The essential functions of this role are as follows:
  • Support and provide oversight for all purchasing and sourcing of commodities and professional services at Executive Branch Agencies.
  • Provide support for travel, credit card purchases, PO review/approval, and related PeopleSoft modules.
  • Source, negotiate and manage all statewide contracts benefiting multiple state entities.
  • Provide direction, guidance and assistance to agency staff, vendors, and other stakeholders related to procurement.
  • Resolve problems related to the administration of contracts.
  • Analyze information, prepare response, and take any necessary action with vendor, agency, or employee.
  • Serve as liaison between vendors, the agency, and employees.
  • Maintain vendor contacts to investigate discrepancies, exchange information and resolve issues.
  • Troubleshoot problems related to procurement including system issues or discrepancies.
  • Provide input on solutions and suggestions for improvements to administration and execution of contract management, procurement, and supplier performance.
  • Create and interpret complex quantitative and qualitative analysis, form hypothesis, synthesizing conclusions, and assisting to implement change.

The job profile is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without.
This position is exempt from overtime compensation for additional work hours which may be required to complete essential functions or other assigned work. Exempt employees may work more than 75 hours in a pay period without additional compensation and must report a minimum of 75 hours per pay period of work hours and/or paid leave taken to receive their base biweekly salary.
What You'll Need for Success:
Individuals in this role should minimally be able to articulate or demonstrate the following:
  • Advanced knowledge of the principles of complicated contract management and negotiation is required.
  • Ability to perform client relationship development, problem identification, analysis, and resolution, data-intensive analysis, negotiate contracts, and resolve conflicts.
  • Ability to draft complex contracts for commodities and services with limited assistance.
  • Experience with and/or knowledge of PeopleSoft E-Procurement or another ERP (Enterprise Resource Planning) Procurement and Financial system is preferred.
  • Ability to apply knowledge/expertise of contract management principles to various commodities and services is required.
  • Ability to work independently, anticipate problems and initiate corrective action.
  • Ability to effectively plan and organize work of section.
  • Ability to delegate work, set clear direction, and manage workflow.
  • Ability to effectively give feedback, provide guidance or corrective action, coach, and develop employee skillsets.

A degree is not required. However, at least 7+ years of experience in vendor/contract management, supplier performance, sourcing, or procurement experience applying the outlined knowledge, skills, and abilities in a similar role may be considered.
Individuals should have the ability to perform essential functions with or without reasonable accommodation.
Supervisory Responsibilities/Direct Reports:
This role may provide direct supervision for one or more staff members.
Benefits of Employment with the State of Indiana:
The State of Indiana offers a comprehensive benefit package for full-time employees which includes:
  • Three (3) medical plan options (including RX coverage) as well as vision and dental plans
  • Wellness Rewards Program: Complete wellness activities to earn gift card rewards
  • Health savings account, which includes bi-weekly state contribution
  • Deferred compensation 457(b) account (similar to 401(k) plan) with employer match
  • Two (2) fully-funded pension plan options
  • A robust, comprehensive program of leave policies covering a variety of employee needs, including but not limited to:
    • 150 hours of paid New Parent Leave and up to eight weeks of paid Childbirth Recovery Leave for eligible mothers
    • Up to 15 hours of paid community service leave
  • Combined 180 hours of paid vacation, personal, and sick leave time off
  • 12 paid holidays, 14 on election years
  • Education Reimbursement Program
  • Group life insurance
  • Referral Bonus program
  • Employee assistance program that allows for covered behavioral health visits
  • Qualified employer for the Public Service Loan Forgiveness Program
  • Free Parking for most positions
  • Free LinkedIn Learning access

Equal Employment Opportunity:
The State of Indiana is an Equal Opportunity Employer and is committed to recruiting, selecting, developing, and promoting employees based on individual ability and job performance. Reasonable accommodations may be available to enable individuals with disabilities to complete the application and interview process as well as perform the essential functions of a role. If you require reasonable accommodations to complete this application, you can request assistance by contacting the Indiana State Personnel Department at jobs@spd.IN.gov.
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