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Insurance Quant Jobs in Elgin, IL (NOW HIRING)

IMC

Graduate Quantitative Trader

Chicago, IL · On-site

$250K/yr

  • PTO

As a Quant Trader, you will be part of highly motivated team facing the daily challenge of managing ... paid leave and insurance. Please visit Benefits - US | IMC Trading for more comprehensive ...

IMC

Graduate Quantitative Trader

Chicago, IL · On-site

$250K/yr

  • PTO

As a Quant Trader, you will be part of highly motivated team facing the daily challenge of managing ... paid leave and insurance. Please visit Benefits - US | IMC Trading for more comprehensive ...

Aquatic Capital Management

Quantitative Researcher, PhD

Chicago, IL · On-site

$150K - $200K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

As a Quantitative Researcher, you will work with a team to develop a variety of signals, models ... insurance * Perks: Wellness programs, casual dress, snacks, lunch, game room, team and company ...

IMC

Quantitative Researcher - Futures

Chicago, IL · On-site

$250K - $300K/yr

  • PTO

... paid leave and insurance. Please visit Benefits - US | IMC Trading for more comprehensive ... Across our offices in the US, Europe, Asia Pacific, and India, our talented quant researchers ...

Old Mission

Quantitative Trader (Options)

Chicago, IL · On-site

$150K - $200K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Develop pricing models in collaboration with our quantitative research team. * Build desk tooling ... Fully paid Medical, Dental, Vision, Disability, and Life Insurance * Fully stocked kitchen; free ...

Databento

Quantitative Sales Associate

Chicago, IL · Remote

We offer health, dental, disability, and life insurance benefits, as well as 401(k) matching for ... Experience with quant trading and market microstructure. * Extreme attention to detail and record ...

Edgehog Trading

Quantitative Options Trader

Chicago, IL · On-site

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Collaborate with quant researchers and engineers to develop new models using our proprietary ... Comprehensive health, dental, and vision insurance with premiums 100% covered by the firm * 401(k) ...

DRW

Quantitative Researcher

Chicago, IL · On-site

$250K - $300K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

As a Quantitative Researcher , you will develop mathematical models using advanced statistical ... dental and vision insurance, 401k (with discretionary employer match), short and long-term ...

Old Mission

Junior Quantitative Researcher (Ph.D.)

Chicago, IL · On-site +1

$175K - $250K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

... capabilities of the quant team to further enhance the options desk. Responsibilities ... Fully paid Medical, Dental, Vision, Disability, and Life Insurance * Fully stocked kitchen; free ...

Old Mission

Quantitative FX Trader

Chicago, IL · On-site

$150K - $225K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

This Quantitative FX Trader will report directly to a managing partner in Chicago. This trader must ... Fully paid Medical, Dental, Vision, Disability, and Life Insurance * Fully stocked kitchen; free ...

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Showing results 41-60

All JobsInsurance Quant JobsInsurance Quant Jobs in Elgin, IL

Insurance Quant information

See Elgin, IL salary details

$96.9K

$167.8K

$256.5K

How much do insurance quant jobs pay per year?

As of Aug 20, 2026, the average yearly pay for insurance quant in Elgin, IL is $167,778.00, according to ZipRecruiter salary data. Most workers in this role earn between $133,000.00 and $196,700.00 per year, depending on experience, location, and employer.

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 job categories do people searching Insurance Quant jobs in Elgin, IL look for?

The top searched job categories for Insurance Quant jobs in Elgin, IL are:

What cities near Elgin, IL are hiring for Insurance Quant jobs?

Cities near Elgin, IL with the most Insurance Quant job openings:

Insurance Quant jobs near you

Quantitative Trader (Multi-Asset - Chicago)

DV Trading

Chicago, IL • On-site

$100K - $200K/yr

Full-time

This job post has expired today. Applications are no longer accepted.

Job description

About Us:
Founded 20 years ago and headquartered in Chicago, the DV Group of financial services firms has grown to more than 600 people operating throughout North America, Europe and Asia. Since spinning out of a large brokerage firm in 2016, DV Trading has rapidly scaled as an independent proprietary trading firm utilizing its own capital, trading strategies, and risk management methodologies to provide liquidity to worldwide financial markets and hedging opportunities to commodity producers and users. Now, DV group affiliates include two broker dealers, a cryptocurrency market making firm, and a bourgeoning investment adviser.

Overview:
We are seeking a Quantitative Trader with 1–3 years of experience to help build and scale a systematic trading business. This role combines quantitative research, strategy development and live trading. The position offers meaningful ownership, direct impact on trading performance, and a path to increased risk-taking responsibility.

Job Responsibilities:

  • Develop, implement, and optimize systematic equity trading strategies
  • Conduct quantitative research using statistical and/or machine learning techniques
  • Analyze large datasets to identify alpha signals and trading opportunities
  • Collaborate with engineering to improve trading infrastructure and execution
  • Monitor live strategies, manage risk, and adjust models in real time
  • Evaluate performance and continuously refine strategies based on results
  • Contribute to building a scalable trading platform and process

Requirements:

  • 1–3 years of experience in quantitative trading, research, or a related field
  • Strong programming skills (Python required; C++/Java a plus)
  • Solid understanding of market structure and execution
  • Experience with statistical modeling, time series analysis, or machine learning
  • Strong analytical and problem-solving skills with high attention to detail
  • Ability to operate effectively in a fast-paced, performance-driven environment
  • Active SIE and Series 57 licenses preferred, but not required.

Benefits:

  • Discretionary bonus eligibility
  • Medical, dental, and vision insurance
  • HSA, FSA, and Dependent Care Options
  • Employer Paid Group Term Life and AD&D insurance
  • Voluntary LTD, Life & AD&D insurance
  • Flexible Vacation policy
  • Retirement plan with employer match

DV is not accepting unsolicited resumes from search firms. Only search firms with valid, written agreements with DV should submit resumes in response to DV's posted positions. All resumes submitted by search firms to DV via e-mail, the Internet, personal delivery, facsimile, or any other method without a valid written agreement shall be deemed the sole property of DV, and no fee will be paid in the event the candidate is hired by DV. DV is proud to be an equal opportunity employer and committed to creating an inclusive environment for all employees.

The range below reflects the expected base salary for this position. It represents a good-faith estimate of the base pay we anticipate offering, with actual compensation determined by your experience, education, skills, and performance throughout the interview process. This role is also eligible for a discretionary bonus (at DV Trading's discretion) and DV Trading's benefits package, including the benefits listed above.

Base Salary Range
$100,000—$200,000 USD