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Insurance Quant Jobs in Iowa (NOW HIRING)

Sr Manager, FP&A

West Des Moines, IA

$107K - $145K/yr

The ideal candidate will have an actuarial, quantitative, investment modeling, financial engineering, or advanced FP&A background, with experience in insurance, annuities, asset-intensive insurance ...

Sr Manager, FP&A

West Des Moines, IA · On-site

$107K - $145K/yr

The ideal candidate will have an actuarial, quantitative, investment modeling, financial engineering, or advanced FP&A background, with experience in insurance, annuities, asset-intensive insurance ...

FSA, ASA, CFA, MBA, CPA, or advanced quantitative degree strongly preferred. * Minimum of 10 years of experience in FP&A, actuarial analysis, investment modeling, corporate finance, insurance finance ...

FSA, ASA, CFA, MBA, CPA, or advanced quantitative degree strongly preferred. * Minimum of 10 years of experience in FP&A, actuarial analysis, investment modeling, corporate finance, insurance finance ...

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Insurance Quant information

What are insurance quants?

Insurance quants, or quantitative analysts in the insurance industry, use mathematical, statistical, and computational methods to analyze risk, price insurance products, and optimize investment strategies for insurance companies. They develop models to assess the likelihood of claims, determine appropriate premiums, and ensure the company's financial stability. Insurance quants often work closely with actuaries, but focus more on advanced quantitative techniques and financial modeling. Their work helps insurance firms make data-driven decisions and maintain competitiveness in the marketplace.

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

To thrive as an Insurance Quant, you need strong quantitative skills, a background in mathematics, statistics, or actuarial science, and often an advanced degree such as a master's or PhD. Proficiency with programming languages (like Python or R), statistical modeling tools, and actuarial software is typically required, along with relevant certifications such as actuarial credentials (e.g., SOA, CAS). Excellent problem-solving abilities, attention to detail, and the capacity to communicate complex analyses to non-technical stakeholders are standout soft skills. These competencies are critical for accurately assessing risk, pricing insurance products, and supporting data-driven decision-making in the insurance industry.

What is the difference between Insurance Quant vs Actuary?

AspectInsurance QuantActuary
Required CredentialsAdvanced degrees in mathematics, statistics, or finance; often CFA or FRM certificationsProfessional actuarial certifications (SOA, CAS), exams required
Work EnvironmentQuantitative teams within insurance companies, hedge funds, or consulting firmsInsurance companies, consulting firms, government agencies
Job FocusDeveloping models for risk assessment, pricing, and financial strategiesCalculating insurance premiums, reserving, and risk management
Common Search/ComparisonInsurance Quant vs Actuary

Insurance Quants and Actuaries both work in the insurance industry with a focus on risk and financial modeling. Quants typically use advanced mathematics and programming to develop models, while actuaries focus on pricing and reserving using actuarial exams and certifications. Both roles require strong quantitative skills, but their daily tasks and certifications differ.

How does an Insurance Quant typically collaborate with underwriters and actuaries in their daily work?

An Insurance Quant frequently works alongside underwriters and actuaries to analyze risks, develop pricing models, and evaluate policy portfolios. Collaboration often involves sharing statistical insights, validating risk assumptions, and refining predictive models to ensure accurate and competitive insurance products. Regular meetings and data-sharing sessions help align quantitative findings with business objectives, enabling the team to make informed decisions on product design, pricing, and risk management. This close teamwork is crucial for integrating advanced analytics into traditional insurance processes and driving innovation within the organization.
What are popular job titles related to Insurance Quant jobs in Iowa? For Insurance Quant jobs in Iowa, the most frequently searched job titles are:
What job categories do people searching Insurance Quant jobs in Iowa look for? The top searched job categories for Insurance Quant jobs in Iowa are:

Actuarial Associate, Insurance Risk Modeling

Careers at KKR

Des Moines, IA

$120K - $130K/yr

Other

Posted 14 days ago


Job description

Position Summary:

The Actuarial Associate, Insurance Risk Modelling plays a key role in the development, maintenance, and validation of insurance liability models that support pricing, valuation, hedging, and asset-liability management (ALM). This role involves building and enhancing models within the firm's risk platform, performing stress testing across multiple regulatory and economic frameworks, and ensuring models remain aligned with evolving product features and assumptions. The associate collaborates closely with risk management and business stakeholders to communicate insights, support transaction onboarding, and contribute to the development of analytical tools that strengthen risk oversight and challenge existing modeling and pricing practices.

Responsibilities:

  • Develop insurance liability models in GA Risk's liability modelling platform.
  • Communicate findings and implications to Risk's management team and other stakeholders
  • Help onboard various Institutional transactions onto our Risk platform.
  • Perform liability stresses under different lenses (GAAP/Stat/Econ/Bermuda) and understand both actuarial and market risks.
  • Support new product launches and ensure the risk models are up to date with regular rate changes, new product features.
  • Perform validation and control reviews of actuarial/financial models, including assessments of the methodologies and assumptions used within models.
  • Assist in the development and use of quantitative models and analytical tools that enable the Risk function to provide constructive challenge to the current risk management, modeling, and pricing practices.

Qualifications:

  • Bachelor's Degree in a quantitative discipline required.
  • 5+ years in a diversified life and annuity/financial or actuarial consulting firm.
  • Professional designation in financial risk management, such as FSA/ASA or CFA preferred.
  • 5+ years of experience in insurance models with proven track records of modelling complicated insurance products.
  • Knowledge of insurance products (both life and annuities) preferred.
  • Previous experience in hedging or ALM preferred.
  • Python programming skills are highly desired.
  • Strong verbal and written communication skills, especially when articulating technical concepts in a compelling manner to engage both technical and non-technical audiences.

This role is not eligible for visa sponsorship now or in the future. 

This is the expected annual base salary range for this New York-based position. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.

Base Salary Range $120,000 - $130,000 

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