... pet!) insurance as well as special perks and discounts. Learn more about Bank OZK benefits. Job ... Also develops and documents the quantitative tools used to quantify credit risk, provide early ...
... pet!) insurance as well as special perks and discounts. Learn more about Bank OZK benefits. Job ... Also develops and documents the quantitative tools used to quantify credit risk, provide early ...
... pet!) insurance as well as special perks and discounts. Learn more about Bank OZK benefits. Job ... Also develops and documents the quantitative tools used to quantify credit risk, provide early ...
... pet!) insurance as well as special perks and discounts. Learn more about Bank OZK benefits. Job ... Also develops and documents the quantitative tools used to quantify credit risk, provide early ...
Health Insurance Specialist (Data Analysis and Studies)
Dallas, TX · On-site
$108K/yr
... quantitative techniques to identify trends, root causes, and contributing factors, to provide policy recommendations related to health insurance programs and/or healthcare administration; (3) ...
Health Insurance Specialist (Data Analysis and Studies)
Dallas, TX · On-site
$108K/yr
... quantitative techniques to identify trends, root causes, and contributing factors, to provide policy recommendations related to health insurance programs and/or healthcare administration; (3) ...
Health Insurance Specialist (Data Analysis and Studies)
Dallas, TX · On-site
$108K/yr
... quantitative techniques to identify trends, root causes, and contributing factors, to provide policy recommendations related to health insurance programs and/or healthcare administration; (3) ...
Health Insurance Specialist (Data Analysis and Studies)
Dallas, TX · On-site
$108K/yr
... quantitative techniques to identify trends, root causes, and contributing factors, to provide policy recommendations related to health insurance programs and/or healthcare administration; (3) ...
... TFS), the finance and insurance brand for Toyota and Lexus in North America. While TFS is a ... What you bring * Bachelor's degree in Quantitative Finance, Finance, Mathematics, Engineering ...
... TFS), the finance and insurance brand for Toyota and Lexus in North America. While TFS is a ... What you bring * Bachelor's degree in Quantitative Finance, Finance, Mathematics, Engineering ...
... TFS), the finance and insurance brand for Toyota and Lexus in North America. While TFS is a ... What you bring * Bachelor's degree in Quantitative Finance, Finance, Mathematics, Engineering ...
... TFS), the finance and insurance brand for Toyota and Lexus in North America. While TFS is a ... What you bring * Bachelor's degree in Quantitative Finance, Finance, Mathematics, Engineering ...
Strong quantitative and analytical skills. Soft Skills * Strategic thinking with strong risk ... Life Insurance Company of the Southwest is not an authorized insurer in New York and does not ...
Strong quantitative and analytical skills. Soft Skills * Strategic thinking with strong risk ... Life Insurance Company of the Southwest is not an authorized insurer in New York and does not ...
Manage assigned auto insurance state(s), ensuring profitability, compliance, and competitiveness ... Excellent quantitative and communication skills * Strong knowledge of data analysis and ...
Quick apply
Manage assigned auto insurance state(s), ensuring profitability, compliance, and competitiveness ... Excellent quantitative and communication skills * Strong knowledge of data analysis and ...
Manage assigned auto insurance state(s), ensuring profitability, compliance, and competitiveness ... Excellent quantitative and communication skills * Strong knowledge of data analysis and ...
Quick apply
Manage assigned auto insurance state(s), ensuring profitability, compliance, and competitiveness ... Excellent quantitative and communication skills * Strong knowledge of data analysis and ...
Our mission extends beyond the insurance and annuities policies that we offer. We strive to make ... Actuarial, quantitative finance, or CFA background preferred but not required. * This position ...
Our mission extends beyond the insurance and annuities policies that we offer. We strive to make ... Actuarial, quantitative finance, or CFA background preferred but not required. * This position ...
Lead Data Science Product Mgr
Richardson, TX · On-site
$112K - $202K/yr
At the largest customer-owned and not-for-profit health insurer and fourth largest health insurer ... or related quantitative field OR Actuarial credential or Master degree and 4 years of work ...
Lead Data Science Product Mgr
Richardson, TX · On-site
$112K - $202K/yr
At the largest customer-owned and not-for-profit health insurer and fourth largest health insurer ... or related quantitative field OR Actuarial credential or Master degree and 4 years of work ...
Senior Client Executive, Commercial Risk - Insurance Advisory Solutions, SW Region
Dallas, TX · On-site +1
$75K - $102K/yr
Identify customers ' insurance needs by basic modules * Provide different insurance products to ... Strong quantitative and analytic skills are essential. * Ability to support advisors and assist in ...
Senior Client Executive, Commercial Risk - Insurance Advisory Solutions, SW Region
Dallas, TX · On-site +1
$75K - $102K/yr
Identify customers ' insurance needs by basic modules * Provide different insurance products to ... Strong quantitative and analytic skills are essential. * Ability to support advisors and assist in ...
Senior Client Executive, Commercial Risk - Insurance Advisory Solutions, SW Region
Dallas, TX · On-site +1
$75K - $102K/yr
Identify customers ' insurance needs by basic modules * Provide different insurance products to ... Strong quantitative and analytic skills are essential. * Ability to support advisors and assist in ...
Senior Client Executive, Commercial Risk - Insurance Advisory Solutions, SW Region
Dallas, TX · On-site +1
$75K - $102K/yr
Identify customers ' insurance needs by basic modules * Provide different insurance products to ... Strong quantitative and analytic skills are essential. * Ability to support advisors and assist in ...
Sales Director -Orlando, FL
Richardson, TX · On-site
$85K/yr
ABOUT US Agility Insurance Services is a national Field Marketing Organization (FMO) dedicated to helping independent agents and agencies grow their businesses through industry-leading training ...
Quick apply
Sales Director -Orlando, FL
Richardson, TX · On-site
$85K/yr
ABOUT US Agility Insurance Services is a national Field Marketing Organization (FMO) dedicated to helping independent agents and agencies grow their businesses through industry-leading training ...
Sr Data Science Product Mgr
Richardson, TX · On-site
$92K - $167K/yr
... related quantitative field OR Actuarial credential or Master's degree and 2 years of work ... insurance, supplemental life insurance, employee assistance program, paid holidays, tuition ...
Sr Data Science Product Mgr
Richardson, TX · On-site
$92K - $167K/yr
... related quantitative field OR Actuarial credential or Master's degree and 2 years of work ... insurance, supplemental life insurance, employee assistance program, paid holidays, tuition ...
Director I, Product Research
Plano, TX · On-site
$120K - $225K/yr
Bachelor's degree in Insurance, Business, Finance, Economics, Statistics, or a related quantitative field * 6+ years of experience in commercial insurance product management, underwriting, or ...
Director I, Product Research
Plano, TX · On-site
$120K - $225K/yr
Bachelor's degree in Insurance, Business, Finance, Economics, Statistics, or a related quantitative field * 6+ years of experience in commercial insurance product management, underwriting, or ...
Director I, Product Research
$223K - $233K/yr
Bachelor's degree in Insurance, Business, Finance, Economics, Statistics, or a related quantitative field * 6+ years of experience in commercial insurance product management, underwriting, or ...
Director I, Product Research
$223K - $233K/yr
Bachelor's degree in Insurance, Business, Finance, Economics, Statistics, or a related quantitative field * 6+ years of experience in commercial insurance product management, underwriting, or ...
Research Associate
Richardson, TX · On-site
$63K/yr
Dr. Li's research program aims to harness this potential, focusing on AI- based quantitative ... Vision Insurance * Long and short-term disability * TRS Retirement Plan - defined benefit plan ...
Research Associate
Richardson, TX · On-site
$63K/yr
Dr. Li's research program aims to harness this potential, focusing on AI- based quantitative ... Vision Insurance * Long and short-term disability * TRS Retirement Plan - defined benefit plan ...
Model Risk Analyst
Dallas, TX · On-site
A minimum of one year of experience in model development, model validation, quantitative risk ... Company-paid Life Insurance * Tuition Reimbursement * Fitness Reimbursement * Paid Time Off
Quick apply
Model Risk Analyst
Dallas, TX · On-site
A minimum of one year of experience in model development, model validation, quantitative risk ... Company-paid Life Insurance * Tuition Reimbursement * Fitness Reimbursement * Paid Time Off
Model Risk Analyst
Dallas, TX · On-site
A minimum of one year of experience in model development, model validation, quantitative risk ... Company-paid Life Insurance * Tuition Reimbursement * Fitness Reimbursement * Paid Time Off
Model Risk Analyst
Dallas, TX · On-site
A minimum of one year of experience in model development, model validation, quantitative risk ... Company-paid Life Insurance * Tuition Reimbursement * Fitness Reimbursement * Paid Time Off
Insurance Quant information
See Allen, TX salary details
$91.2K - $104.8K
15% of jobs
$104.8K - $118.5K
7% of jobs
$122.7K is the 25th percentile. Wages below this are outliers.
$118.5K - $132.1K
9% of jobs
$132.1K - $145.8K
14% of jobs
The median wage is $152K / yr.
$145.8K - $159.4K
12% of jobs
$159.4K - $173.1K
14% of jobs
$178.7K is the 75th percentile. Wages above this are outliers.
$173.1K - $186.8K
12% of jobs
$186.8K - $200.4K
7% of jobs
$200.4K - $214.1K
5% of jobs
$214.1K - $227.7K
5% of jobs
$227.7K - $241.4K
0% of jobs
$91.2K
$157.9K
$241.4K
How much do insurance quant jobs pay per year?
What are insurance quants?
What are the key skills and qualifications needed to thrive as an Insurance Quant, and why are they important?
What is the difference between Insurance Quant vs Actuary?
| Aspect | Insurance Quant | Actuary |
|---|---|---|
| Required Credentials | Advanced degrees in mathematics, statistics, or finance; often CFA or FRM certifications | Professional actuarial certifications (SOA, CAS), exams required |
| Work Environment | Quantitative teams within insurance companies, hedge funds, or consulting firms | Insurance companies, consulting firms, government agencies |
| Job Focus | Developing models for risk assessment, pricing, and financial strategies | Calculating insurance premiums, reserving, and risk management |
| Common Search/Comparison | Insurance 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?
Full-time
Medical, Dental, Vision, Retirement, PTO
Posted 29 days ago
Bank OZK rating
8.1
Based on 37 frontline employees who took The Breakroom Quiz
51st of 149 rated banks
Job description
Founded on a legacy of more than 120 years in banking, Bank OZK is much more than just a company. We're nationally recognized as an industry leader in financial services. That means we combine exceptional service with innovative technologies to deliver smart solutions to our clients across the country. We're investing in small businesses, fueling economies in local communities and changing skylines in the largest cities across America. Here, we're not simply filling roles. We're fostering even greater careers.
The foundation for a great career starts with an exceptional team and a comprehensive benefits package. We believe in providing our dedicated team members with the best resources to support their physical, mental and financial wellbeing, including generous PTO, 401(k) matching, health, dental, vision (and pet!) insurance as well as special perks and discounts. Learn more about Bank OZK benefits.
Job Purpose & Scope
Responsible for building and documenting the models used to quantify and manage the company's credit, interest rate, liquidity, operational, market, regulatory and reputational risks on an actual and pro-forma basis. The modeling and the resulting quantification is used to influence strategic decisions by executive management and the board of directors, and drive both compliance with the regulatory directives under Basel III, and guidance relative to stress testing and capital management for financial institutions (Dodd-Frank Act Stress Test - DFAST - and Comprehensive Capital Analysis and Review - CCAR - protocols). Also develops and documents the quantitative tools used to quantify credit risk, provide early identification of trends in compliance activities, and support other areas of the Bank in which predictive or analytical models can be employed to improve business performance.
Essential Job Functions
- Develops, documents, and maintains quantitative tools and models used to, among other things:
- measure risks to earnings and capital inherent in the Company's current position and business plans/forecast;
- assess economic capital and to ensure that risks taken are adequately compensated;
- measure and analyze the liquidity effects of government-mandated and idiosyncratic scenarios;
- quantify the Probability of Default (PD), Loss Given Default (LDG), and Exposure at Default (EAD) to be used in the credit review process and in the calculation of the allowance for loan and lease losses; and
- optimize product and services pricing.
- Develops expertise in the fields of risk quantification and modeling in support of and working closely with both internal and external stakeholders, including business and risk professionals and regulatory authorities.
- Develops, enhances, implements, documents and provides ongoing expert support for the practical applications of analytics, financial economics, and quantitative methods in support of management business decision making, risk management, capital allocation and optimal resource allocation.
- Converts data from different sources into meaningful business intelligence to enhance decisions and financial performance.
- Performs ad hoc analyses as requested by management.
- Leads the implementation planning and execution of models and collaborates with stakeholders on the implementation of models.
- Leads and/or assists with the remediation of models.
- Communicates results of work and recommendations for improvements or enhancements effectively to the supervisor.
- Regularly exercises discretion and judgment in the performance of essential of job functions.
- Maintains good punctuality and attendance to work.
- Follows Bank policy, procedures and guidelines.
- Performs other duties as may be required.
Knowledge, Skills & Abilities
- Knowledge of general business principles.
- Knowledge of several of the following techniques:
- Linear and non-linear regression;
- Maximum likelihood estimation;
- Time series estimation and forecasting;
- Panel data analysis;
- Limited dependent and qualitative variable models;
- Optimization;
- Simulation;
- Interest rate modeling/derivative pricing;
- Data mining;
- Survival analysis.
- Ability to communicate effectively both verbally and in writing.
- Ability to articulate complex theories, concepts, methodology and findings in a non-technical fashion and to non-technical audiences.
- Ability to demonstrate effective quantitative, analytical, and technical skills.
- Ability to demonstrate effective interpersonal skills, including working in a team environment and building cross-functional relationships.
- Ability to demonstrate effective problem-solving skills.
- Ability to produce high quality documents, presentations, and analyses.
- Skill in using computer and Microsoft Office, including Word, Excel, Access, PowerPoint and Outlook.
Basic Qualifications
- Master's degree in finance, economics, or related field, or commensurate work experience, required.
- Minimum of two (2) years of prior experience planning and leading complex quantitative projects required.
- Prior experience with standard modeling/data extraction tools (e.g., SAS (preferred) or R) and VBA required.
Job Expectations
Operate customary equipment and technology used in a business environment, with or without accommodation.
Note: This description is not an exhaustive list of all job functions, duties, skills, and job standards required. Other job functions, duties, skills, and standards may be added. Management reserves the right to add or change the job requirements at any time.
#LI-KC1
EEO Statement
Bank OZK is an equal opportunity employer and give consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, disability status, protected veteran status, or any other characteristic protected by federal, state, and local law. Member FDIC.
About Bank OZK
Sourced by ZipRecruiter
Industry
Commercial banking
Company size
1,001 - 5,000 Employees
Headquarters location
Little Rock, AR, US
Year founded
1903