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Insurance Quant Jobs in Tennessee (NOW HIRING)

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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 Tennessee? For Insurance Quant jobs in Tennessee, the most frequently searched job titles are:
What job categories do people searching Insurance Quant jobs in Tennessee look for? The top searched job categories for Insurance Quant jobs in Tennessee are:
Insurance Quant jobs near you

Senior Associate, Capital Forecasting - Finance

Fortitude Re

Nashville, TN • Hybrid

$82K - $102K/yr

Other

Posted 27 days ago

Job description

The Senior Associate, Capital Forecasting - Finance will be a member of the Capital Management Forecasting Team (CMFT), Fortitude Re's centralized forecasting function delivering consolidated forecasts across management earnings and valuation, regulatory and rating agency, and debt covenant bases to support the company's strategic decision-making. This position reports to the VP, Capital Forecasting Finance Manager and contributes directly to forecasting financial based metrics and integration of results into enterprise applications.   CMFT partners closely with Actuarial Modeling, Investments, Treasury, and Finance, and delivers results to a broad range of internal and external stakeholders.

What You Will Do:

  • Execute assigned components of the quarterly financial-based production process.
  • Support the development and maintenance of US GAAP-based projections, performing reconciliations to ensure consistency between forecast outputs and the enterprise financial reporting framework.
  • Prepare period-over-period variance analyses for assigned financial forecast outputs, identifying and documenting key drivers for review by senior team members.
  • Perform trend analysis to validate that forecasted reporting items are consistent with, or clearly explainable relative to, actual reported results, with particular focus on US GAAP and management basis outputs.
  • Gather and incorporate current business developments and management assumptions into forecast models as directed, ensuring input reflects the latest available information.
  • Execute controls as designed to ensure the accuracy and auditability of all projection outputs.
  • Maintain supplementary processes and analytical tools to extend the enterprise forecasting model's coverage.
  • Contribute to automation and model architecture improvement initiatives to reduce manual processes and improve scalability across forecasting outputs.
  • Support the preparation of senior management and board-level reporting materials, including capital forecast summaries and variance commentary for management committees.

What You Will Have:

  • Undergraduate degree required with finance, accounting, actuarial science and other quantitative fields preferred.
  • 5+ years of experience in financial reporting, FP&A or a related field within the insurance/reinsurance industry.
  • CPA, CFA, or equivalent accounting designation preferred; actuarial exam progress also valued.
  • Basic working knowledge of US GAAP accounting principles; exposure to insurance financial reporting a plus.
  • Financial modeling experience with comfort working with large data sets preferred.
  • Strong analytical and quantitative skills with high attention to detail and a commitment to data accuracy.
  • Ability to manage multiple deliverables within structured financial reporting timelines.
  • Effective written and oral communication skills, including the ability to present financial results clearly to internal stakeholders.

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