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Insurance Quant Jobs in Montgomery, IL (NOW HIRING)

National Safety Council

Research Associate

Itasca, IL · On-site +1

$65K - $71K/yr

Save lives, from the workplace to anyplace. The National Safety Council is America's leading nonprofit safety advocate. We focus on eliminating the leading causes of preventable injuries and deaths.

National Safety Council

Research Associate

Itasca, IL · On-site

$65K - $72K/yr

Save lives, from the workplace to anyplace. The National Safety Council is America's leading nonprofit safety advocate. We focus on eliminating the leading causes of preventable injuries and deaths.

National Safety Council

Research Associate

Itasca, IL · Remote

$65K - $71K/yr

Save lives, from the workplace to anyplace. The National Safety Council is America's leading nonprofit safety advocate. We focus on eliminating the leading causes of preventable injuries and deaths.

Amrize

Mine Engineer

Rockdale, IL · On-site

We're seeking a Mine Engineer who's ready to put your skills to work on projects that matter - and build a career with a company that's building North America. Job Title: Mine Engineer | Req ID:

STRM Recruiting

Controller

Elgin, IL · On-site

STRM is partnering with a fast-growing industrial and janitorial supply distributor based in the northwest suburbs of Chicago. Our client is seeking a motivated, detail-oriented, and forward-thinking

NEUROHEALTH ASSOCIATES PC

Psychologist

Oak Brook, IL · On-site

Benefits: * 401(k) * Health insurance * Paid time off This is not a traditional therapy role. At NeuroHealth Associates, we practice precision mental health, integrating neuropsychological testing,

STRM Recruiting

Accounting Manager

Elgin, IL · On-site

STRM is partnering with a fast-growing industrial and janitorial supply distributor based in the northwest suburbs of Chicago. Our client is seeking a motivated, detail-oriented, and forward-thinking

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Showing results 1-20

All JobsInsurance Quant JobsInsurance Quant Jobs in Montgomery, IL

Insurance Quant information

See Montgomery, IL salary details

$97.5K

$168.9K

$258.2K

How much do insurance quant jobs pay per year?

As of Aug 19, 2026, the average yearly pay for insurance quant in Montgomery, IL is $168,877.00, according to ZipRecruiter salary data. Most workers in this role earn between $133,800.00 and $198,000.00 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 cities near Montgomery, IL are hiring for Insurance Quant jobs?

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

Insurance Quant jobs near you
Infographic showing various Insurance Quant job openings in Montgomery, IL as of August 2026, with employment types broken down into 1% As Needed, 69% Full Time, 26% Part Time, and 4% Contract. Highlights an 91% Physical, 1% Hybrid, and 8% Remote job distribution, with an average salary of $168,877 per year, or $81.2 per hour.

Senior Analyst, Quantitative Risk

Mitsubishi HC Capital America Inc

Itasca, IL • On-site

$110K - $135K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 6 days ago

Job description

Position Overview:

The position supports the measurement and forecasting of risk for equipment finance portfolios, both retail and wholesale. Independently performs advanced quantitative analyses. Leads projects to develop models, analyses, and reports that measure credit, residual value, and portfolio risk. Provides thought leadership on analytical approaches and mentors junior analysts.

Essential Duties and Responsibilities:

  • Analyze portfolio trends, risk concentrations, and emerging risks. Work with large datasets related to leases, loans, collateral values, and customer performance.
  • Develop credit, residual value, and/or portfolio risk models and interpret outputs. Lead model documentation, testing, and model governance activities.
  • Contribute to a team that reviews and challenges business-leader decisions that influence portfolio composition and risk.
  • Design and execute stress testing, scenario analysis, and sensitivity analysis.
  • Lead the automation of risk reports and dashboards.
  • Mentor and review work performed by Analysts.

Qualifications/Competencies:

  • Master’s degree in financial engineering, statistics, mathematics, engineering, econometrics, or a related field. Bachelor’s degree is acceptable with compensatory experience.
  • 3–5 years of quantitative, analytics, or risk experience
  • Proficiency in Excel and SQL or Python.
  • Solid understanding of leasing, asset finance, or secured lending concepts.
  • Ability to present complex analyses to non-technical audiences.

Working Hours:

  • This is a full-time position based on a 40-hour work week (35-hour for Canada) but may vary to meet business needs.

Physical Demands:

  • Digital dexterity and hand/eye coordination in operation of office equipment
  • Ability to speak to and hear customers and/or other employees via phone or in person
  • Body motor skills sufficient to move from one office location to another

This job description does not constitute an employment contract, implied or otherwise, other than an “at will” relationship and is subject to change by the employer as the needs of the employer and requirements of the job change.


The position is exempt and the salary will be between $110,000 and $135,000 with an opportunity to earn a discretionary annual bonus.

The salary range is determined and based on internal equity, market data/ranges, applicant's skills, prior relevant experience and education.

Additional benefits:

- Medical, Dental, and vision plans

- 401(k) and matching

- Paid Time Off

- Company Paid Life Insurance

- Employee Assistance Program

- Training and Development Opportunities

- Employee Discounts