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Insurance Quant Jobs in Washington (NOW HIRING)

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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 job categories do people searching Insurance Quant jobs in Washington look for? The top searched job categories for Insurance Quant jobs in Washington are:
What cities in Washington are hiring for Insurance Quant jobs? Cities in Washington with the most Insurance Quant job openings:
Construction Project Risk Consultant (Full-Time)

Construction Project Risk Consultant (Full-Time)

MBP

Vienna, VA

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 19 days ago


Job description

Do you have experience in project risk management and risk analysis for design and construction projects and enjoy collaborating with construction managers, contractors, owners, and designers?

MBP is looking for a project risk consultant to support qualitative and quantitative risk management tasks across market sectors including federal government, state/local government, education, healthcare, and transit. If you have experience in this area and are ready to contribute to project success, we want to hear from you.


What You'll Do:

Lead and support project risk management assignments from inception through final completion. Responsibilities include:

  • Lead or support project risk management assignments, in alignment with the full risk management lifecycle.
  • Support development of a risk management plan.
  • Coordinate with the project teams and stakeholders to facilitate the identification of risks and develop risk reports and registers, and associated risk response actions.
  • Facilitate risk interviews, risk workshops, and regular risk meetings.
  • Develop and utilize a Probability and Impact Matrix to rate each risk on its probability of occurrence and impact on an objective if it does occur.
  • Perform quantitative cost and schedule risk analysis.
  • Assist with the prioritization of risks for further analysis.
  • Identify, analyze, track, record and provide guidance with respect to actions to manage and/or mitigate risks.
  • Assist construction and project managers to control the risk process by continuously monitoring efforts for new, changing, and outdated risks.

Who We Are Looking For

Experience:

  • Demonstrated experience in qualitative risk management
  • Developing project risk management plans
  • Facilitating project risk interviews, workshops, and update meetings
  • Formulating risk mitigation strategies
  • Maintaining project risk register
  • Demonstrated familiarity with quantitative risk analysis

 Education/Knowledge:

  • Bachelor’s degree in industry-related field, advanced degree preferred
  • Detailed knowledge of construction, principles of construction management and project controls
  • Recent experience/technical competence in risk identification, analysis and management for projects and programs of similar scope.
  • Knowledge of scheduling, cost estimating, documentation, contract administration, and construction techniques.

 Preferred Certifications:

  • AACE Project Risk Management Professional (PRMP)
  • PMI Project Risk Management Professional (PMI-RMP)
  • Certified Construction Manager (CCM)
  • Professional Engineer (PE)

 Skills and Abilities:

  • Develop strong relationships with project stakeholders
  • Exhibit interpersonal and communication skills
  • Lead a team to complete tasks
  • Strong verbal, written and presentation skills
  • Ability to apply analytical methods and techniques as they relate to risks
  • Initiate, organize and facilitate risk interviews and workshops with diverse subject matter experts
  • Organizational skills to maintain and communicate risk register information.
  • Demonstrated skills in Microsoft Excel and other risk register platforms
  • Preferred - Demonstrated familiarity with CPM scheduling software applications (e.g. Primavera P6)
  • Preferred - Demonstrated familiarity with quantitative risk analysis applications (e.g. @Risk, Primavera Risk Analysis, Acumen Risk, Safran Risk, RiskyProject, etc.)

 Guidance/Responsibility:

  • Able to work independently, seeking guidance and direction when required

 Supervisory:

  • Non-supervisory role

 What We Offer:

We’re focused on providing the tools and support you need to succeed, both personally and professionally. MBP offers a comprehensive benefits package including 100% employer-paid medical, dental, vision, life, and disability insurance (for individual employees), a 401(k) profit-sharing plan, a health savings account with company contributions, competitive compensation with opportunities for semi-annual bonuses, and generous paid time off. We also provide unique perks like tuition assistance, student loan repayment, annual gym reimbursement, pet insurance, and paid volunteer time. Additional benefits include mental health resources, company-wide wellness activities, and training and development to support your professional growth.

Status: Full-time

Applicants must be authorized to work in the U.S. without sponsorship

MBP is an equal opportunity employer. Protected veterans and individuals with disabilities are encouraged to apply.