ZipRecruiter

Log In

1

Insurance Quant Jobs in Michigan (NOW HIRING)

MRINetwork Jobs

Medical Technologist I

Detroit, MI · On-site

... home insurance. Note: Eligibility for benefits may vary by location and is determined by employment status Job Summary: Under general supervision, performs quantitative and qualitative laboratory ...

MRINetwork Jobs

Medical Technologist I

Detroit, MI

... home insurance. Note: Eligibility for benefits may vary by location and is determined by employment status Job Summary: Under general supervision, performs quantitative and qualitative laboratory ...

MRINetwork Jobs

Medical Technologist I

Detroit, MI · On-site

... home insurance. Note: Eligibility for benefits may vary by location and is determined by employment status Job Summary: Under general supervision, performs quantitative and qualitative laboratory ...

MRINetwork Jobs

Medical Technologist I

Detroit, MI · On-site

... home insurance. Note: Eligibility for benefits may vary by location and is determined by employment status Job Summary: Under general supervision, performs quantitative and qualitative laboratory ...

TH Medical

Cardiac Sonographer

Detroit, MI

Medical, dental, vision, and life insurance 401(k) retirement savings plan with employer match ... Performs quantitative and qualitative analysis and interpretation of all graphic and video ...

Delta Dental of Michigan

Data Scientist

Okemos, MI · Hybrid

To implement quantitative and predictive models, data science experiments using literate ... Knowledge of health or dental insurance, or of dental clinical practice preferred. Position ...

Delta Dental of Michigan

Data Scientist

Okemos, MI · On-site

To implement quantitative and predictive models, data science experiments using literate ... Knowledge of health or dental insurance, or of dental clinical practice preferred. Position ...

next page

Showing results 1-20

All JobsInsurance Quant JobsInsurance Quant Jobs in Michigan

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 Michigan? For Insurance Quant jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Insurance Quant jobs in Michigan look for? The top searched job categories for Insurance Quant jobs in Michigan are:
What cities in Michigan are hiring for Insurance Quant jobs? Cities in Michigan with the most Insurance Quant job openings:
Insurance Quant jobs near you
Sr. Financial Analyst, Asset Liability Management

Sr. Financial Analyst, Asset Liability Management

Jackson National Life Insurance Company

Lansing, MI • On-site

$86K - $108K/yr

Full-time

Re-posted 11 days ago

Job description

If you are an internal associate, please login to Workday and apply through Jobs Hub.
Job Purpose
The Asset Liability Management (ALM) department works to protect Jackson's capital and its ability to cover the payouts guaranteed to its customers. To accomplish this goal, the ALM department regularly monitors Jackson's exposure to the market using statistical models and manages that exposure through hedging and other risk management actions. The Sr. Analyst, General Account Assets will perform high-level, complex analysis in the modeling and risk management of Jackson's general account asset holdings. The primary focus for this position will be the modeling of assets and supporting the various ALFA actuarial models.
Essential Responsibilities
  • Independently performs modeling of general account assets.
  • Determines modeling ramifications of Jackson's general account asset holdings.
  • Utilizes in-depth knowledge of annuity product designs and optional benefit features as well as capital market instruments (options, swaps, futures, etc.) and hedging concepts.
  • Assists in preparation of quarterly asset reports.
  • Implements programming code changes as part of the model development process.
  • Assists in the testing/validation of model changes.
  • Implements improvements to asset models, methods, procedures and systems.
  • Independently models assets for use in the MG-ALFA system.
  • Utilizes in-depth knowledge of asset structures, characteristics and features.
  • Reviews work product of less experienced analysts and provides training, as necessary.

Other Duties
  • Provides research support for other departments' information requests.
  • Performs ad hoc project analyses.
  • Performs other duties and/or projects as assigned.

Knowledge, Skills and Abilities
  • Excellent understanding of financial mathematics and modeling.
  • Extensive coursework and knowledge in statistics, math, economics, finance or actuarial science.
  • Strong knowledge of financial instruments/derivatives preferred.
  • Strong quantitative and analytical skills.
  • Strong problem-solving skills and attention to detail.
  • Effective written and verbal communication skills.
  • Proficiency with MS Excel.
  • Knowledge and experience with computer programming.
  • Ability to handle multiple priorities in a timely and accurate manner and adapt to changing priorities as needed.

Qualifications
  • Bachelor's Degree in finance, actuarial science, economics, mathematics, or related field of study required.
  • Master's Degree or PhD in quantitative field preferred.
  • 3+ years years of experience in a similar role performing complex statistical, economic, or financial analysis required.
  • 1+ years of similar experience with a PhD required.

Jackson is proud to be an equal opportunity workplace. The Company subscribes to and endorses federal and state laws and regulations relating to equal employment opportunity for all persons without regard to race, color, religion, gender, age, national origin, legally-recognized disability, marital status, legally-protected medical condition, citizenship, ancestry, height, weight, sexual orientation, veteran status, or any other factor not related to the needs of the job. The Company is committed to a policy of equal opportunity. Company facilities and campuses are tobacco-free environments.

Apply