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Financial Engineering Jobs (NOW HIRING)

Pacificlife

Director and Financial Engineer

Omaha, NE · On-site

Bachelor's Degree in Actuarial Science, Mathematics, Financial Engineering or similar field * At least 4 years of finance experience, preferably with financial engineering and/or risk management

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Financial Engineering information

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$76K

$110.8K

$136K

How much do financial engineering jobs pay per year?

As of Jul 5, 2026, the average yearly pay for financial engineering in the United States is $110,812.00, according to ZipRecruiter salary data. Most workers in this role earn between $100,000.00 and $124,500.00 per year, depending on experience, location, and employer.

What is the difference between Financial Engineering vs Quantitative Analyst?

AspectFinancial EngineeringQuantitative Analyst
Required CredentialsDegree in Financial Engineering, Mathematics, or related fields; often certifications like CQFDegree in Finance, Mathematics, or Statistics; certifications like CFA or CQF are common
Work EnvironmentFinancial institutions, hedge funds, investment banks; focus on product development and risk managementTrading desks, asset management firms; focus on data analysis and model development
Employer & Industry UsageUsed in risk management, derivatives pricing, and structured productsUsed in trading strategies, portfolio management, and risk assessment

Financial Engineering and Quantitative Analysts often share similar educational backgrounds and work in related financial sectors. While Financial Engineers focus on creating financial products and managing risks through complex models, Quantitative Analysts primarily analyze data to inform trading and investment decisions. Both roles require strong quantitative skills and often overlap in financial institutions.

What is financial engineering?

Financial engineering is the application of mathematical techniques, computer science, and statistical methods to solve problems and create innovative solutions in finance. Professionals in this field develop new financial products, manage risk, and optimize investment strategies using quantitative models. Financial engineers often work in banks, investment firms, hedge funds, or financial technology companies, helping organizations manage complex financial systems and products. The discipline combines finance, mathematics, statistics, and programming to address challenges in areas like derivatives pricing, risk management, and portfolio optimization.

What engineering jobs pay $500,000?

In financial engineering, senior roles such as Quantitative Research Directors, Chief Risk Officers, and senior quantitative analysts can earn $500,000 or more annually, especially with bonuses and profit sharing. These positions typically require advanced degrees, strong programming skills, and extensive experience in financial modeling and risk management.

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

To thrive as a Financial Engineer, you need a strong background in quantitative analysis, mathematics, programming, and finance, typically supported by a relevant degree such as financial engineering, mathematics, or computer science. Expertise in programming languages like Python, R, or C++, as well as familiarity with financial modeling software and risk management systems, is essential. Strong problem-solving, analytical thinking, and communication skills set top performers apart in this role. These skills are crucial for designing innovative financial products, managing complex risks, and translating quantitative insights into actionable business strategies.

What engineers make $300,000 a year?

In the field of financial engineering, professionals such as quantitative analysts, derivatives traders, and risk managers can earn $300,000 or more annually, especially with experience, advanced degrees, and proficiency in programming languages like Python or C++. These roles often require strong mathematical skills, knowledge of financial markets, and sometimes certifications like CFA or FRM.

What are some common challenges faced by financial engineers when implementing quantitative models in real-world financial institutions?

Financial engineers often encounter challenges such as aligning complex quantitative models with existing IT infrastructure and ensuring the models comply with regulatory requirements. Additionally, translating theoretical models into practical, scalable solutions that can handle large volumes of real-time data requires close collaboration with software developers and risk managers. Effective communication with non-technical stakeholders is also crucial, as financial engineers must explain model assumptions and results to decision-makers from diverse backgrounds.

What engineers make $200,000 a year?

In the field of financial engineering, professionals such as quantitative analysts and risk managers often earn $200,000 or more annually, especially with experience, advanced degrees, and proficiency in programming languages like Python or C++. Senior roles in investment banks, hedge funds, and financial technology firms typically offer compensation at or above this level, often including bonuses and incentives.

What is the work of a financial engineer?

A financial engineer develops mathematical models and uses quantitative techniques to analyze and manage financial risks, design trading strategies, and create financial products. They often work with programming tools like Python or C++ and require strong skills in mathematics, finance, and computer science. Their work supports decision-making in investment banks, hedge funds, and financial institutions.
More about Financial Engineering jobs
What cities are hiring for Financial Engineering jobs? Cities with the most Financial Engineering job openings:
What are the most commonly searched types of Financial Engineering jobs? The most popular types of Financial Engineering jobs are:
What states have the most Financial Engineering jobs? States with the most job openings for Financial Engineering jobs include:
What job categories do people searching Financial Engineering jobs look for? The top searched job categories for Financial Engineering jobs are:
Financial Engineering jobs near you
Infographic showing various Financial Engineering job openings in the United States as of June 2026, with employment types broken down into 92% Full Time, 4% Part Time, 2% Temporary, and 2% Contract. Highlights an 88% Physical, 3% Hybrid, and 9% Remote job distribution, with an average salary of $110,812 per year, or $53.3 per hour.

Director and Financial Engineer

Pacificlife

Omaha, NE • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 10 days ago

Job description

Job Description:

Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead - our policyholders count on us to be there when it matters most. It's a big ask, but it's one that we have the power to deliver when we work together. We collaborate and innovate - pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it's the right thing to do. Pacific Life is more than a job, it's a career with purpose. It's a career where you have the support, balance, and resources to make a positive impact on the future - including your own.


We're actively seeking a talented Director and Financial Engineer to join our Product Development Team in Newport Beach, CA; Omaha, NE; or Charlotte, NC.


As a Director you'll move Pacific Life, and your career, forward by assisting to develop and support the launch of new annuity products that deliver high value for our customers and align with Pacific Life's long-term strategy.


How you'll help move us forward:

  • Balance product profit, risk, and market competitiveness; help develop and test creative solutions to challenges encountered in product design, pricing, and implementation processes.
  • Design and evaluate products following existing profit and risk management guidelines and procedures.
  • Oversee financial models and processes
  • Support product development and analysis to support profitable growth across portfolio of actively sold retail annuity products.
  • Reflect on and incorporate industry, regulatory, and market trends into the product development cycle.
  • Synthesize and integrate data and analysis into a cohesive story that drives insights and supports business decisions and execution of our product strategy.
  • Collaborate with other stakeholders (e.g., product strategy, product innovation, sales & distribution, finance & risk, investment) to develop solutions to better support our growing product development needs.
  • Embody a mindset of continuous improvement to identify enhancements of tools and processes that can further facilitate and streamline pricing analysis.


The experience you bring:

  • Bachelor's Degree in Actuarial Science, Mathematics, Financial Engineering or similar field
  • At least 4 years of finance experience, preferably with financial engineering and/or risk management
  • Excellent written and verbal communication, as well as leadership skills
  • Ability to present complex information in a clear and concise manner to various audiences, including senior management
  • Strong organizational, time management, and interpersonal skills
  • Ability to work collaboratively as part of a team


What makes you stand out:

  • Experience effectively managing multiple projects and deliverables simultaneously
  • Natural curiosity to discover root drivers of profit and risk
  • Ability to perform detail-oriented analysis to substantiate reasonability of results
  • Previous experience with Python

#LI-SD

Base Pay Range:

The base pay range noted represents the company's good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.

$203,760.00 - $249,040.00

Your Benefits Start Day 1

Your wellbeing is important to Pacific Life, and we're committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we've got you covered.

  • Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents

  • Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off

  • Paid Parental Leave as well as an Adoption Assistance Program

  • Competitive 401k savings plan with company match and an additional contribution regardless of participation

You Can Be Who You Are

We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential.

What's life like at Pacific Life? Visit Instagram.com/lifeatpacificlife

EEO Statement:

Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.

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