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Insurance Quant Jobs in Washington (NOW HIRING)

Ability to synthesize complex quantitative findings into clear, actionable recommendations for ... Top Tier benefits to fuel your work, including 100% paid health insurance for employees with 90 ...

... Insurance or Financial service industry experience * Strong expertise in both qualitative and quantitative research methods, including usability testing, surveys, interviews, usage analytics and ...

D. in quantitative social science, statistics, data science, or computer science * Experience with ... Company-paid short-term disability, long-term disability, and life insurance. Powered by JazzHR ...

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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 Washington?

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

What cities in Washington are hiring for Insurance Quant jobs?

Cities in Washington with the most Insurance Quant job openings:

Financial Management (Program Control) - Subject Matter Expert (FM1)

Chantilly, VA • On-site

$130K - $150K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 25 days ago


Key responsibilities

  • Direct the consolidation of program baselines and spend plans at the Program Acquisition Executive level.

  • Oversee PAE wide budget tracks and coordinate complex budget estimates to assess funding impacts and recommend resource solutions.

  • Prepare and finalize executive-level budget summaries, issue papers, and lead cross-USSF program meetings to develop responses to critical action items.


Job description

Serve as a trusted subject matter expert for client-facing briefings, providing advanced recommendations on critical financial metrics, resource allocations, and program execution. This role directs complex cross-program analyses at the USSF Program Acquisition Executive (PAE) level, utilizing expert quantitative techniques to manage legislative impacts, direct budget formulation (IPBS, CBJB, CJB), and oversee major system acquisition baselines.

Responsibilities

Key Responsibilities:

  • Direct the consolidation of program baselines and spend plans at the Program Acquisition Executive level; lead cross-program analyses to determine performance impacts, resolve discrepancies, and recommend strategic resource trade-offs to executive managers.
  • Oversee PAE wide budget tracks at the directorate, project, sub-project, and Major System Acquisition (MSA) levels.
  • Lead the coordination of complex budget estimates, assessing funding impacts for cross-Directorate initiatives and recommending resource solutions within USSF constraints.
  • Lead final reviews and resolve discrepancies for PAE level submissions for critical budget exercises including IPBS, CBJB, and CJB.
  • Oversee PAE level data in NEXT, IRIS, and SNAP or similar systems; direct the reconciliation of FIRST to ensure requirement-to-budget validity.
  • Direct the drafting of operating guidance incorporating Congressional marks; strategically assess the intent and impact of Legislative/Executive Branch actions to ensure incorporation into budget documentation.
  • Employ advanced quantitative modeling and creative analysis techniques to perform complex trend analysis across disparate financial data sources for executive-level decision making.
  • Architect and propose strategic design improvements for corporate resource repositories, decision support tools, and procedures to enhance PAE financial reporting.
  • Oversee BLI requests in compliance with USSF policies (Contract, CLIN, Appropriations, ETs, BOCs) and evaluate PAE execution methodologies to ensure programs meet strategic goals.
  • Direct resource realignments, maintain strict PAE-level financial controls, and lead the consolidation/review of PAE-level UFRs for executive prioritization.
  • Prepare and finalize executive-level budget summaries, issue papers, and talking points; lead cross-USSF program meetings to develop responses to critical action items.
  • Direct the development, data collection, and reporting of PAE-wide performance measures and coordinate with external oversight.
  • Provide strategic feedback and recommendations to senior management on complex cross-program resource issues arising from PMRs and BMRs.
  • Conduct expert reviews of ICE, Cost PMP/BAAR, and MSA resource reports; provide regulatory compliance guidance and assist in advanced cost estimate development.

Skills Required

Required Qualifications

  • Master’s degree (MA/MS) is required.
  • Minimum 15 years of relevant experience.
  • Expert knowledge of IC budgetary principles and procedures.
  • Expert-level knowledge of acquisition management regulations, policies, and procedures including major system acquisition lifecycle resource planning, Acquisition Program Baseline (APB) development, and PMPs.
  • Extensive experience applying advanced cost analysis methodologies in a major system acquisition environment.
  • Expertise in various quantitative techniques used to analyze data, develop models, and interpret results (competencies include descriptive statistics, trend analysis, learning curve theory, modeling, and simulation).
  • Advanced operational judgment and the skill to autonomously recognize when decisions or information should be referred to a higher authority.

Desired Qualifications

  • Extensive history advising senior government/USSF/USAF leadership on financial metrics and Congressional mark impacts.

Core Competencies

  • Executive IC Budget Strategy (IPBS, CBJB, CJB)
  • Advanced Quantitative Modeling & Simulation
  • Legislative Impact Assessment
  • Enterprise Financial System Architecture
  • On-site, high-visibility client-facing environment at the PAE and USSF headquarters level.
  • Requires providing strategic guidance and leading cross-program meetings with senior executives.

Security Clearance & Salary

  • Active DoD/IC Security Clearance (Top Secret/SCI) is required.
  • U.S. citizenship is required.

Salary Range:$130,000 - $150,000/year, DOE

Education

Bachelor’s degree required, preferably in math, engineering, or the sciences.

Full-Time SecurityClearance Senior-Level On-site

We offer competitive salaries commensurate with education and experience. We have an excellent benefits package that includes:

Health & Welfare

Company Paid

  • Major Medical Insurance for employees and family members
  • Dental Insurance for employees and family members
  • Vision Insurance for employees (employee-paid for family members)
  • Group Life Insurance
  • Accidental Death and Dismemberment Insurance
  • Travel Accident Insurance
  • Long-Term Disability
Voluntary
  • Short-Term Disability
  • Supplemental Life Insurance
  • Flexible Spending Account (pre-tax deferrals for health care expenses)
Retirement
  • Money Purchase Pension Plan - 100% Company funded defined contribution retirement plan. One-year entry waiting period and 5-year vesting. Core Funds available and a self-directed brokerage account option.
  • Employee Stock Ownership Plan - 100% Company funded discretionary contribution. 100% vested after one-year entry waiting period.
Time Off

Tecolote’s generous paid time off benefits give employees the flexibility they need to relax, recharge and take care of the unexpected.

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