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Financial Engineer Jobs in Michigan (NOW HIRING)

FastTek Global

Cost Engineer #1063299

Troy, MI · On-site

$85 - $130/hr

The Cost Engineer position will be the Finance / Supply Chain business partner is responsible to create, analyze and validate component material costs and targets. The cost estimator will be ...

Tenneco

Finance Manager

Plymouth, MI · On-site

$90 - $120/hr

The position partners closely with engineering, human resources, operations, and business leadership to simplify financial processes, strengthen accountability, support fast and fact‑based ...

Tenneco

Finance Manager

Plymouth, MI · On-site

The position partners closely with engineering, human resources, operations, and business leadership to simplify financial processes, strengthen accountability, support fast and fact-based decision ...

Squirl Financial

Software Engineer

Detroit, MI · On-site +1

... passion for financial markets and technology, the early roots of Squirl started out as an ... We are looking for a part-time Software Engineer who will assist us with the design, development ...

Kratos Defense

Financial Controller

Auburn Hills, MI · On-site

... Engineering, Quality, Supply Chain, and Manufacturing. This role owns financial integrity ... compliance, reporting accuracy, internal controls, margin protection, cash discipline, and ...

RHP Staffing

Financial Analyst

Farmington, MI · On-site

As a successful Financial Analyst, you will: * Conduct comprehensive underwriting and due diligence ... Communicate with brokers, sellers, lenders, developers, engineers and third parties to underwrite ...

RHP Properties

Financial Analyst

Farmington Hills, MI · On-site

As a successful Financial Analyst, you will: * Conduct comprehensive underwriting and due diligence ... Communicate with brokers, sellers, lenders, developers, engineers and third parties to underwrite ...

Cummins

Financial Analyst - Senior

Troy, MI

$81K - $100K/yr

Partner with Cummins Drivetrain and Braking Systems Engineering Leadership - Serve as a trusted finance partner to the Engineering CMLT leader and leadership team, helping align financial performance ...

New

Cummins

Financial Analyst - Senior

Troy, MI · On-site

$81K - $101K/yr

Partner with Cummins Drivetrain and Braking Systems Engineering Leadership - Serve as a trusted finance partner to the Engineering CMLT leader and leadership team, helping align financial performance ...

Cummins Inc.

Financial Analyst - Senior

Troy, MI · On-site

$81K - $101K/yr

Partner with Cummins Drivetrain and Braking Systems Engineering Leadership - Serve as a trusted finance partner to the Engineering CMLT leader and leadership team, helping align financial performance ...

New

Cummins Inc.

Financial Analyst - Senior

Troy, MI · On-site

$81K - $101K/yr

Partner with Cummins Drivetrain and Braking Systems Engineering Leadership - Serve as a trusted finance partner to the Engineering CMLT leader and leadership team, helping align financial performance ...

New

Cummins

Financial Analyst - Senior

Troy, MI

$81K - $101K/yr

Partner with Cummins Drivetrain and Braking Systems Engineering Leadership - Serve as a trusted finance partner to the Engineering CMLT leader and leadership team, helping align financial performance ...

New

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Showing results 21-40

All JobsFinancial Engineer JobsFinancial Engineer Jobs in Michigan

Financial Engineer information

See Michigan salary details

$66.2K

$96.6K

$118.5K

How much do financial engineer jobs pay per year?

As of Sep 5, 2026, the average yearly pay for financial engineer in Michigan is $96,583.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,200.00 and $108,500.00 per year, depending on experience, location, and employer.

What is a financial engineer?

A financial engineer, also called a computational engineer, advises clients on investment strategies and risk management based on quantitative analysis of their portfolio and the atmosphere in the stock market. As a financial engineer, your job duties include analyzing the stock market to predict how stocks will perform, building models of trends in the stock market based on market history, and make recommendations on how to manage their portfolio.

What is a financial engineer?

A Financial Engineer is a professional who applies mathematical techniques, computational tools, and financial theory to solve complex problems in finance. They are often involved in designing financial products, developing risk management strategies, and building quantitative models for pricing, trading, and portfolio management. Financial Engineers typically work for banks, investment firms, or financial technology companies, and their expertise is essential for managing financial risks and innovating new financial instruments.

What skills should a financial engineer have?

To thrive as a Financial Engineer, you need a strong background in mathematics, statistics, finance, and programming, typically supported by a degree in quantitative fields such as finance, mathematics, engineering, or computer science. Familiarity with technical tools like Python, R, MATLAB, financial modeling software, and sometimes certifications like CFA or FRM is highly valued. Exceptional problem-solving, analytical thinking, and the ability to communicate complex concepts clearly are vital soft skills. These skills and qualifications are crucial for designing innovative financial models, managing risks, and enabling data-driven decision-making in complex financial environments.

What are some common challenges financial engineers face when developing quantitative models, and how can they address them?

Financial Engineers often encounter challenges such as ensuring model accuracy, dealing with incomplete or noisy data, and adapting models to rapidly changing market conditions. Addressing these issues typically requires strong collaboration with data scientists, risk managers, and traders to validate assumptions and stress-test models under various scenarios. Staying current with industry trends and regulatory requirements also helps Financial Engineers maintain robust, compliant solutions that add value to their organizations.

What is the difference between Financial Engineer vs Quantitative Analyst?

AspectFinancial EngineerQuantitative Analyst
Required CredentialsDegree in finance, mathematics, or engineering; often CFA or FRM certificationsDegree in finance, mathematics, or statistics; often CFA or FRM certifications
Work EnvironmentFinancial institutions, hedge funds, investment banksAsset management firms, hedge funds, investment banks
Job FocusDeveloping complex financial models, derivatives pricing, risk managementData analysis, model development, trading strategies
Common UsageDesigning financial products and strategiesAnalyzing data to inform trading decisions

Financial Engineers and Quantitative Analysts share similar educational backgrounds and certifications, often working in similar environments like investment banks and hedge funds. While Financial Engineers focus on creating complex financial models and derivatives, Quantitative Analysts primarily analyze data to support trading strategies. Both roles require strong quantitative skills and contribute to financial innovation and risk management.

Do financial engineers make a lot of money?

Financial engineers often earn high salaries due to their specialized skills in quantitative analysis, modeling, and programming. Compensation varies based on experience, location, and industry, but many financial engineers have the potential to earn six-figure incomes or more, especially with advanced degrees and certifications like the CFA or FRM.

How much do financial engineers make?

Financial engineers in general earn a median annual salary of around $100,000 to $130,000, with experienced professionals and those working in major financial centers earning higher. Salaries can vary based on experience, education, certifications like CFA or FRM, and the complexity of financial models used. Entry-level positions typically start lower, while senior roles can exceed $200,000 annually.
More about Financial Engineer jobs

What are the most commonly searched types of Financial Engineer jobs in Michigan?

The most popular types of Financial Engineer jobs in Michigan are:

What are popular job titles related to Financial Engineer jobs in Michigan?

For Financial Engineer jobs in Michigan, the most frequently searched job titles are:

What job categories do people searching Financial Engineer jobs in Michigan look for?

The top searched job categories for Financial Engineer jobs in Michigan are:

What cities in Michigan are hiring for Financial Engineer jobs?

Cities in Michigan with the most Financial Engineer job openings:

What are popular job titles related to Financial Engineer jobs in MI?

For Financial Engineer jobs in MI, the most frequently searched job titles are:

Financial Engineer jobs near you
Infographic showing various Financial Engineer job openings in Michigan as of August 2026, with employment types broken down into 1% As Needed, 79% Full Time, 14% Part Time, 2% Temporary, 3% Contract, and 1% Nights. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $96,583 per year, or $46.4 per hour.

Cost Engineer #1063299

FastTek Global

Troy, MI • On-site

$85 - $130/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 7 days ago

Job description

Troy, Michigan Cost Engineer #1063299

Job Description:Core Responsibilities
  • The Cost Engineering support OEM position will be the Finance / Supply Chain business partner to the development teams for everything Bill of Material cost related - from tracking and reporting the fluctuations, to do should-cost analysis, business cases and material cost reduction. You will be responsible for supporting, measuring and reporting the bill of materials for the vehicle programs to help management understand our costs and targets inside and out, and to meet our margin goals.
  • The Cost Engineer position will be the Finance / Supply Chain business partner is responsible to create, analyze and validate component material costs and targets. The cost estimator will be responsible for generating ground-up / and detailed material cost estimates that encompass both piece price and tooling estimations. Collaboration with key internal cross functional teams is essential will have a working relationship with the product engineering team, the purchasing and supply chain team, the vehicle program team, our global partners, and to the external component supply base.
  • This role involves a support level of independence, judgment, initiative, creativity, and the management of multiple estimates that focus specially on identifying accurate cost estimates as well as proposed cost reductions. The cost estimator will have exposure and work with the next generation of leading-edge automotive experts and technologies.
Role & Responsibilities:
  • Support daily / weekly should cost model updates for Supply Chain, Engineering, Finance, Studio teams.
  • Help and prioritize the should cost model targets for Supply Chain team.
  • Run high level Cost Model estimating using Apriori software and other costing methods to support fast souring targets.
  • Build Core team to support all major components.
  • Cost target setting for all major components in vehicle.
  • Work with engineering to review CAD models to see cost-saving ideas before sourcing them to suppliers.
  • Help with supplier negotiations and cost reviews
  • Teach and mentor team members on Apriori platforms
  • Interview and hire cost team members
  • Build up team to support full EBOM
  • Check CAD files for DFM, and feasibility, best materials for cost and performance
  • Help Finance set targets in project X to achieve EBOM cost goals
Required Qualifications:
  • Bachelor's degree required in a relevant field of study (e.g. business, finance, engineering); MBA and/or master's degree in a relevant field a plus
  • Cost Engineering Software expertise
  • CAD expertise with all major systems
  • Tooling expertise with plastics, metal, castings, sheet metal, HV wiring, Battery packs, etc.
  • Minimum of 1-3+ years of experience with an OEM and/or other relevant corporation; experience with a multinational organization preferred.
  • Prior working experience in product costing, product development finance and cost reduction efforts are required.
  • Exceptional excel skills and proficiency in Microsoft Office suite.
  • Strong work ethic, professionalism and flexibility; must possess the ability to adapt to a growing & evolving environment and a dynamic industry.
  • Background in automotive and/or technology industries a must
  • Strong negotiation skills a plus
  • Some travel may be required.
  • Manufacturing and launch experience in an automotive setting. (OEM, Tier 1, or Tier 2 environment)
  • An in-depth understanding of expected manufacturing technical cost factors such as material, labor, burden (shared and dedicated) along with associated commercial factors such as SG&P, logistics and capital recovery methodologies.
Additional Info:

At FastTek Global, Our Purpose is Our People and Our Planet. We come to work each day and are reminded we are helping people find their success stories. Also, Doing the right thing is our mantra. We act responsibly, give back to the communities we serve and have a little fun along the way.

We have been doing this with pride, dedication and plain, old-fashionedhard work for 24 years!

FastTek Global is financially strong, privately held company that is 100% consultant and client focused.

We've differentiated ourselves by being fast, flexible, creative and honest. Throw out everything you've heard, seen, or felt about every other IT Consulting company. We do unique things and we do them for Fortune 10, Fortune 500, and technology start-up companies.

Our benefits are second to none and thanks to our flexible benefit options you can choose the benefits you need or want, options include:

  • Medical and Dental (FastTek pays majority of the medical program)
  • Vision
  • Personal Time Off (PTO) Program
  • Long Term Disability (100% paid)
  • Life Insurance (100% paid)
  • 401(k) with immediate vesting and 3% (of salary) dollar-for-dollar match

Plus, we have a lucrative employee referral program and an employee recognition culture.

FastTek Global was named one of the Top Work Places in Michigan by the Detroit Free Press in 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, and 2023!

To view all of our open positions go to: https://www.fasttek.com/fastswitch/findwork

Follow us on Twitter: https://twitter.com/fasttekglobal

Follow us on Instagram: https://www.instagram.com/fasttekglobal

Find us on LinkedIn: https://www.linkedin.com/company/fasttek

You can become a fan of FastTek on Facebook: https://www.facebook.com/fasttekglobal/

AI & Hiring Disclosure

We use AI tools to support parts of our hiring process, such as reviewing applications and identifying potential matches. These tools are designed to promote efficiency, consistency, and fairness, and they are always used under human oversight.

All personal data collected is used solely for recruitment purposes, and you have the right to know, access, or request deletion of your data at any time, subject to legal limits.

If AI will be used in a video interview, you'll be informed in advance and asked for your consent, with the option to opt out.

Our tools are regularly reviewed to detect potential bias and to ensure compliance with all applicable laws and our commitment to inclusive hiring.

To learn more or exercise your rights, please contact us at info@fasttek.com.

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