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Contract Algorithm Engineer Jobs in Chicago, IL (NOW HIRING)

Resource 1

Blockchain Engineer

Chicago, IL · Hybrid

Resource 1 is seeking a Blockchain Engineer for a 6-month hybrid contract for our client in the ... Extensive experience in back-end development, algorithms, and data structures. * Knowledge of ...

Eagle Seven

Algorithmic Trader

Chicago, IL

Eagle Seven is seeking an experienced Algorithmic Trader to trade futures contract listed on Eurex ... Working closely with strategy developers to collaborate, propose, and test certain strategy ...

Eagle Seven

Algorithmic Trader

Chicago, IL · On-site

Eagle Seven is seeking an experienced Algorithmic Trader to trade futures contract listed on Eurex ... Working closely with strategy developers to collaborate, propose, and test certain strategy ...

Winaxis

Lead Node.js Developer

Oak Brook, IL · On-site

$51.75 - $66.75/hr

Contract (C2C) - Interview: Must attend in-person 1st round interview at Oak Brook, IL office ... and Algorithms - Excellent communication skills and strong team player - High ownership and ...

Gallagher

Data Engineer Associate - Contract

Rolling Meadows, IL · Remote

$115.20K - $138.30K/yr

... learning algorithms. * Skills to read and write effective, modular, dynamic, parameterized, and ... Computer Engineering or related. * 1+ years of writing SQL queries against any RDBMS with query ...

Varsity Tutors

College Computer Science Tutor

Skokie, IL · Remote

$40/hr

Deep knowledge of data structures, algorithms, object-oriented programming, computer architecture ... Varsity Tutors does not contract in: Alaska, California, Colorado, Delaware, Hawaii, Maine, New ...

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Contract Algorithm Engineer information

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$61.3K

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$209.1K

How much do contract algorithm engineer jobs pay per year?

As of May 30, 2026, the average yearly pay for contract algorithm engineer in Chicago, IL is $114,997.00, according to ZipRecruiter salary data. Most workers in this role earn between $82,900.00 and $136,500.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Contract Algorithm Engineer, and why are they important?

To thrive as a Contract Algorithm Engineer, you need a solid background in mathematics, computer science, and algorithm design, often with a relevant degree and experience in software development. Familiarity with programming languages such as Python, C++, or Java, as well as tools like MATLAB and version control systems, is typically required. Strong analytical thinking, problem-solving skills, and the ability to communicate complex ideas clearly make candidates stand out. These skills and qualities are crucial to efficiently develop, optimize, and implement algorithms that meet project requirements in a dynamic, contract-based environment.

What are the typical challenges faced by a Contract Algorithm Engineer when integrating algorithms with existing client systems?

Contract Algorithm Engineers often encounter challenges when integrating their solutions into clients' existing systems, such as navigating legacy codebases, addressing data compatibility issues, and ensuring seamless performance within different technology stacks. Since contract roles may have limited onboarding time, quickly understanding system architecture and collaborating with in-house engineers is crucial. Open communication and clear documentation help overcome these challenges and ensure successful deployment of algorithmic solutions.

What are Contract Algorithm Engineers?

Contract Algorithm Engineers are professionals who design, develop, and implement algorithms for various applications, typically working on a temporary or project-based contract rather than as full-time employees. They often collaborate with companies on specific projects that require specialized algorithm expertise, such as data analysis, machine learning, or optimization problems. These engineers may work remotely or onsite and are responsible for delivering efficient, reliable algorithmic solutions within agreed timelines. Their roles can span industries such as finance, healthcare, technology, and more.

What is the difference between Contract Algorithm Engineer vs Data Scientist?

AspectContract Algorithm EngineerData Scientist
Required CredentialsBachelor's or Master's in CS, EE, or related; experience in algorithms and software developmentBachelor's or Master's in CS, Statistics, or related; strong analytical and statistical skills
Work EnvironmentProject-based, often with tech or AI companies, focusing on algorithm developmentData analysis, modeling, and visualization in various industries like finance, healthcare, or tech
Employer & Industry UsageTech firms, AI startups, R&D departmentsTech companies, consulting firms, research institutions

The Contract Algorithm Engineer primarily focuses on developing and implementing algorithms for specific projects, often in a contract or temporary capacity. In contrast, Data Scientists analyze data to extract insights, build models, and support decision-making. While both roles require strong technical skills, their core responsibilities and work environments differ significantly.

What are the most commonly searched types of Algorithm Engineer jobs in Chicago, IL? The most popular types of Algorithm Engineer jobs in Chicago, IL are:
Contract Algorithm Engineer jobs near you
Quantum Algorithm Developer Expert

Quantum Algorithm Developer Expert

Allstate

Chicago, IL

Full-time

Posted 20 days ago

Allstate Insurance rating

7.5

Company rating: 7.5 out of 10

Based on 542 frontline employees who took The Breakroom Quiz

193rd of 259 rated insurance

Job description

At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years, our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection. 

Job Description

In the Quantum Algorithm Developer Expert role, you will contribute to the development and evaluation of quantum computing algorithmic solutions to problems with a future potential in the insurances industry. You will also be part of bootstrapping classical-compute solutions that can provide early business value for these problems and are precursors to the later quantum solutions. The work ranges from curating the problems at the start to estimating the potential benefit of future, scaled-up versions based on small-scale experimental evidence at the end. You'll also contribute to the collaboration with external partners from industry and academia.Key Responsibilities

• Collaborate within the team and with external partners from industry and academia to review results and justify selected algorithmic solutions 

• Contribute to quantum computing algorithm development and exploration a technical competency 

• Identify, research and realize key advances in the relevant areas of quantum computing 

• Analyze algorithm performance through and simulations on classical hardware and experiments on diverse quantum hardware 

• Develop classical-compute reference solutions and implement these solutions to provide early business value 

• Distill scaling properties of algorithm candidates and evaluate potential for quantum advantage 

• Curate exemplary problems with relevancy to the insurance space and potential for quantum advantage 

• Apply, adapt, and derive algorithms solving the curated problems 

Experience 

• 7 or more years of professional experience (Preferred) 

Supervisory Responsibilities 

• This job does not have supervisory duties. 

#LI-TE1

Skills

Algorithms, Quantum Computing, Researching

Compensation

Compensation offered for this role is 141,800.00 - 219,200.00 annually and is based on experience and qualifications.

The candidate(s) offered this position will be required to submit to a background investigation.

Joining our team isn’t just a job — it’s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. One where you can shape the future of protection while supporting causes that mean the most to you. Joining our team means being part of something bigger – a winning team making a meaningful impact.

Allstate generally does not sponsor individuals for employment-based visas for this position.

Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.

For jobs in San Francisco, please click “here” for information regarding the San Francisco Fair Chance Ordinance.


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To view the “EEO Know Your Rights” poster click “here”. This poster provides information concerning the laws and procedures for filing complaints of violations of the laws with the Office of Federal Contract Compliance Programs.

To view the FMLA poster, click “here”. This poster summarizing the major provisions of the Family and Medical Leave Act (FMLA) and telling employees how to file a complaint.

It is the Company’s policy to employ the best qualified individuals available for all jobs. Therefore, any discriminatory action taken on account of an employee’s ancestry, age, color, disability, genetic information, gender, gender identity, gender expression, sexual and reproductive health decision, marital status, medical condition, military or veteran status, national origin, race (include traits historically associated with race, including, but not limited to, hair texture and protective hairstyles), religion (including religious dress), sex, or sexual orientation that adversely affects an employee's terms or conditions of employment is prohibited. This policy applies to all aspects of the employment relationship, including, but not limited to, hiring, training, salary administration, promotion, job assignment, benefits, discipline, and separation of employment.

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