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Insurance Quant Jobs in Minnesota (NOW HIRING)

Ameriprise Financial

Sr Business Analyst

Minneapolis, MN · On-site

$81K - $102K/yr

Provide and review reports of quantitative and qualitative data produced both internally and ... Background in insurance, annuities, wholesaling, or financial services. * Understanding of sales ...

Ameriprise Financial

Sr Business Analyst

Minneapolis, MN · On-site

$96K - $124K/yr

Provide and review reports of quantitative and qualitative data produced both internally and ... Background in insurance, annuities, wholesaling, or financial services. * Understanding of sales ...

Ameriprise Financial

Sr Business Analyst

Minneapolis, MN · On-site

$81K - $102K/yr

Provide and review reports of quantitative and qualitative data produced both internally and ... Background in insurance, annuities, wholesaling, or financial services. * Understanding of sales ...

Target

UX Researcher - AI Enablement

Minneapolis, MN · On-site +1

$75K - $135K/yr

... insurance and more, to help you and your family take care of your whole selves.Other benefits for ... Responsibilities: * Apply established qualitative and quantitative methods to well-defined ...

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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.

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 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.

What are popular job titles related to Insurance Quant jobs in Minnesota?

For Insurance Quant jobs in Minnesota, the most frequently searched job titles are:

What job categories do people searching Insurance Quant jobs in Minnesota look for?

The top searched job categories for Insurance Quant jobs in Minnesota are:

What cities in Minnesota are hiring for Insurance Quant jobs?

Cities in Minnesota with the most Insurance Quant job openings:

Insurance Quant jobs near you

Manager Capital Markets Financial Analysis

Ameriprise Financial

Minneapolis, MN • On-site

$84K - $147K/yr

Full-time

Medical, Dental, Life, Retirement, PTO

Re-posted 16 days ago

Ameriprise rating

7.7

Company rating: 7.7 out of 10

Based on 130 frontline employees who took The Breakroom Quiz

105th of 152 rated financial services

Job description

About Our Company
We're a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. Our team of 22,000 people across 19 countries, serves more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.
Job Description
Ameriprise Financial is looking to add a Manager Capital Markets Financial Analysis to the team! The individual in this role will influence business decision-making by ensuring accurate business drivers are considered in the financial or statistical analysis conducted within the Capital Markets Solution (CMS) team. Analyze and develop financial models of complex quantitative and qualitative data produced both internally and externally. Make recommendations for actions to address complex business issues.
Key Responsibilities
  • Problem solve for resolution to modeling issues. Direct technical and analytic employees to resolve issues related to models. Ensure accuracy and integrity of data.
  • Oversee analysis of complex business issues by incorporating company and industry knowledge, mathematical expertise, and sound analytical processes. Assess risk/return trade-offs through the evaluation of existing and new investment alternatives.
  • Present results of analysis and/or recommendations to business managers, utility partners, and, at times, external parties ensuring to drive vision and priorities for the organization. Communicate action plans and priorities to appropriate partners.
  • Subject matter expertise in specific financial instruments or insurance contracts. Consult with business and CMS senior leadership to ensure all risks and analysis to these line items are considered.
  • Support strength of control environment for CMS operations, including review of risk-based transactions. Ensure accuracy of models, data management and reporting.

Required Qualifications
  • Bachelor's degree (or equivalent) in math, physics, economics or a quantitative field of study
  • 5+ years of quantitative analytic experience
  • Strong relationship and communication skills in working with colleagues, influencing customers on recommendations and analysis results.
  • Proficiency in C++, Python

Preferred Qualifications
  • Strong analytical, quantitative and problem-solving skills and ability to use statistical analysis and modeling, with associated tech applications.
  • In-depth knowledge of business operations and processes with ability to articulate these processes to others.
  • Strong risk management, project management, and organizational skills; ability to work in an environment of changing priorities.
  • Master's or Ph.D.

In-Office Collaboration
We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders - clients, advisors, employees and shareholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process.
Base Pay Salary
The estimated base salary for this role is $84,100 -147,700/year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Exempt
Job Family Group
Finance
Line of Business
FIN Finance
Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, ancestry, age, physical or mental disability, medical condition, pregnancy, military status, veteran status, genetic information, citizenship, disability status, marital status, family status or any other basis prohibited by law.
We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.

What Ameriprise employees say

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About Ameriprise

Sourced by ZipRecruiter

At Ameriprise Financial, we're not just in the business of helping clients with their financial goals - we also help our advisors and employees reach their true potential by embracing an inclusive and collaborative culture. We celebrate the unique qualities and reward the contributions of our talented, passionate employees. If you're motivated and want to work for a strong, ethical company that cares about you and your community, take the next step with Ameriprise Financial.

Industry

Funds, trusts and financial programs

Company size

5,001 - 10,000 Employees

Headquarters location

Minneapolis, MN, US

Year founded

1894

Social media

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