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Insurance Quant Jobs in Massachusetts (NOW HIRING)

Associate, Quantitative Developer

Boston, MA ยท Hybrid

$160K - $165K/yr

The Associate, Q ua ntitative Developer will be a member of the Quantitative Investment Science ... insurance, paid time off, and wellness programs. Our total rewards offerings are influenced by ...

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Insurance Quant information

What is an insurance quant?

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 job categories do people searching Insurance Quant jobs in Massachusetts look for? The top searched job categories for Insurance Quant jobs in Massachusetts are:
What cities in Massachusetts are hiring for Insurance Quant jobs? Cities in Massachusetts with the most Insurance Quant job openings:

Vice President, Quantitative Product Management

HarbourVest

Boston, MA โ€ข Hybrid

$200K - $210K/yr

Full-time

Medical, Retirement, PTO

Re-posted 16 days ago


Job description

Job Description Summary

For over forty years, HarbourVest has been home to a committed team of professionals with an entrepreneurial spirit and a desire to deliver impactful solutions to our clients and investing partners. As our global firm grows, we continue to add individuals who seek a collaborative, open-door culture that values diversity and innovative thinking.

In our collegial environment that's marked by low turnover and high energy, you'll be inspired to grow and thrive. Here, you will be encouraged to build on your strengths and acquire new skills and experiences.

We are committed to fostering an environment of inclusion that promotes mutual respect among all employees. Understanding and valuing these differences optimizes the potential of both the individual and the firm.

HarbourVest is an equal opportunity employer.

This position will be a hybrid work arrangement. You will receive 18 remote workdays per quarter to use at your discretion, subject to manager approval. For example, you may choose to work in the office 4 days per week and take one remote day weekly (typically 13 weeks per quarter), leaving 5 additional remote days to be used as needed.

As a Quantitative Product Manager, you will ignite your passion for product innovation by leading the customer-centric development of groundbreaking quantitative products to support private market investors. You will remove barriers to success by encouraging creative solutions and champion the culture of continuous innovation.

The ideal candidate is someone who has:
  • Successful track-record of launching digital products from conception through market commercialization, particularly for financial products and/or products for institutional investors.

  • Proven history of driving product decisions through a deep understanding of customer journeys, consistently prioritizing customer beliefs and behaviors to define the product strategy and roadmap.

  • A bias toward action and hands-on approach to driving implementation.

  • An ability to enhance adoption of key product lifecycle activities including discovery, ideation, strategic development, requirements definition, and value management.

  • Experience inspiring change within organizations and leading team members across multiple functions.

  • Exceptional communication and problem-solving skills.

What you will do:

  • Partner with Custom Solutions and Quantitative Investment Science teams to drive execution of the digital product vision, with ownership of the implementation of the product roadmap to achieve business goals.

  • Lead the entire product lifecycle through planning, execution, and developing new products and features, implementing those features, improving infrastructure, and supporting the business.

  • Collaborate with internal teams and directly engage with customers to gather insights and validate product assumptions.

  • Translate customer needs into product capabilities via collaboration with product users/engineering teams.

  • Serve as first line business development resource; evangelize products and drive release with customers.

  • Responsible for product performance, accountable for investing in enhancements to achieve business goals.

  • Mentor the development team on industry-leading product development practices, such as solution generation, market research, storyboarding, mind-mapping, prototyping methods, product adoption strategies, and product delivery.

What you bring:

  • Extensive knowledge of product development life cycle, technical design, quantitative and data analytics.

  • Experience integrating customer insights into product development.

  • Demonstrated knowledge of investments, asset allocation, portfolio optimization, and cash flow modeling techniques.

  • Outstanding communication skills and strong ability to collaborate effectively with cross-functional teams and senior leadership.

  • Results oriented. Innovative mind set. Comfortable taking initiative.

Education Preferred

  • Master of Arts (M.A) / Master of Science (M.S) / Master of Business Administration (MBA) in Business, Digital Product Management / Development, Finance, Economics, Mathematics, Statistics, or equivalent experience

Experience

  • 10+ Years digital product leadership in Investment or FinTech sectors preferred

  • Prior experience in Private Equity, Alternative Investments, and/or Institutional Investors preferred

  • Familiarity with data science, quantitative modeling, and/or statistical techniques is a plus

#LI-Hybrid

Base Salary Range

$200,000.00 - $210,000.00

This USD base salary range represents only one component of total compensation for this role and is provided in accordance with local requirements. This role is eligible for a discretionary annual bonus, which is determined based on individual and overall firm performance. In addition to salary and bonus, total compensation may include eligibility for long-term reward programs and a comprehensive total rewards package that may include retirement, health, insurance, paid time off, and wellness programs. Our total rewards offerings are influenced by several business factors, and eligibility for certain components will vary by position and geography. Please note the posted ranges do not apply outside the U.S. and should not be converted to other currencies as a proxy for compensation in other countries.