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Insurance Quant Jobs in Utah (NOW HIRING)

Medallion Bank

Credit Risk Manager

Salt Lake City, UT · On-site

Minimum 5 years of experience in credit risk, financial analytics, or a related quantitative role ... Health, dental, and vision insurance * 401(k) with company match * Paid time off and holidays

Beneficial Life

Student Actuary

Salt Lake City, UT · Hybrid

$75K - $85K/yr

Beneficial Life Insurance Company Job Title: Student Actuary Job Type: Full Time Location: Salt ... quantitative discipline. * Minimum of two (2) SOA exams passed (e.g., Exam P and Exam FM, or ...

Varsity Tutors

CFP Tutor

Cedar City, UT · Remote

$40/hr

... quantitative calculation approaches for CFP examination. Guides students through analyzing client scenarios, computing retirement needs, evaluating insurance coverage, applying tax optimization ...

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Insurance Quant information

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.

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 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 is a quant in insurance?

An insurance quant is a professional who applies mathematical, statistical, and financial models to assess risk, price policies, and develop strategies for insurance companies. They often use programming tools like R or Python and require strong analytical skills to interpret large data sets and improve underwriting and risk management processes.

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 Utah? For Insurance Quant jobs in Utah, the most frequently searched job titles are:
What job categories do people searching Insurance Quant jobs in Utah look for? The top searched job categories for Insurance Quant jobs in Utah are:
What cities in Utah are hiring for Insurance Quant jobs? Cities in Utah with the most Insurance Quant job openings:
Insurance Quant jobs near you

Financial Modeling Analyst - Midvale

Zionsbank Corp

Salt Lake City, UT

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 3 hours ago

Job description

Zions Bancorporation is one of the nation's premier financial services companies operating as a collection of great banks under local brands and management teams in high-growth western markets. Zions is regularly recognized by American Banker magazine as having a top banking team in its list of "The Most Powerful Women in Banking." Our customers consistently vote us as the best bank in our local markets. We value our employees, and we are committed to search out, recognize and create fulfilling opportunities for outstanding people within our organization, rewarding them for their contributions to our success. We recognize that banking is a "local" business, and that to be successful, we must have very strong ties to the communities we serve and strong relationships with our customers.

With benefits starting on day one, 12 bank holidays, profit sharing and company-matched 401(k) contributions, Zions is dedicated to being an employer of choice in our communities. At Zions, the possibilities are endless. You bring the talent; we bring the opportunity.

We are currently seeking a Financial Modeling Analyst to join the Profitability Analytics team within the Financial Planning and Analysis (FP&A) department.

The FP&A division is focused on developing talent that will enable our organization's long-term success by improving balance sheet returns, growing fee income, controlling expenses, and gaining efficiencies through process improvement and automation. FP&A works with the brightest minds in the organization who foster a culture of continuous learning and growth, there is executive and board-level visibility and support for our work, and our efforts translate directly into highly visible, enterprise-wide initiatives. We are laser focused on creating value and are seeking like-minded professionals to join our team.

The Financial Modeling Analyst will be responsible for maintaining and enhancing multiple financial models that enable the bank to analyze profitability - by account, customer, product, segment and more - to help inform strategic decisions and drive results. The primary models are funds transfer pricing (FTP), capital allocation, and expense allocation.

Requirements:

  • Proficiency in SQL for querying and manipulating large data sets
  • Experience coding in R, Python, and/or JavaScript
  • Intermediate or higher-level knowledge of banking products and financial statements
  • Excellent communication skills, with the ability to communicate effectively with diverse audiences, from front-line bankers to data engineers to executives
  • Creative problem-solving skills and the ability to tackle previously unsolved challenges
  • A desire and an ability to find ways to continually improve processes and drive efficiency
  • Ability to manage competing priorities and adapt to changing requirements
  • Experience with process documentation, data validation and testing
  • Experience using Power BI or similar data visualization tools to build meaningful, complex reporting with optimized data models is a plus
  • Familiarity with Oracle EPM or other financial planning software is a plus

Qualifications:

  • 4 years of related work experience
  • Bachelor's degree in a quantitative discipline (e.g. Finance, Economics, Mathematics, etc.) is required
  • A Master's degree in a quantitative field may substitute for some experience

Benefits: 

 

  • Medical, Dental and Vision Insurance - START DAY ONE!
  • Life and Disability Insurance, Paid Parental Leave and Adoption Assistance
  • Health Savings (HSA), Flexible Spending (FSA) and dependent care accounts
  • Paid Training, Paid Time Off (PTO) and 11 Paid Federal Holidays, and any applicable state holidays
  • 401(k) plan with company match, Profit Sharing, competitive compensation in line with work experience
  • Mental health benefits including coaching and therapy sessions
  • Tuition Reimbursement for qualifying employees enrolled in an accredited degree program related to the needs of the business, maximum of $5,250 per calendar year, employees are eligible for the program upon hire
  • Employee Ambassador preferred banking products

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