Apply on Employer Site

Milliman · 12 hours ago

Quantitative Developer

Chicago, IL

Full-time

Hybrid

Entry Level

$91K/yr - $145K/yr

1+ years exp

Milliman is a company focused on financial risk management, seeking a Quantitative Developer to work within their Financial Risk Management Practice. The role involves developing capital markets models and implementing them using various programming languages to support trading functions and risk management strategies.

AnalyticsConsultingInsurTech

H1B Sponsor Likely

Responsibilities

Designing models of exotic derivatives appropriate for pricing exercises, setting hedge positions, and projecting hedge strategy performance

Implementing derivative models as VBA, C++, and C# modules

Developing both risk neutral and real world economic scenarios used for hedge strategy testing purposes

Calibration of capital markets models to market prices and historical capital markets data

Developing trading strategies and performing historical regression tests

Qualification

C++C#Quantitative financeJavaVBAStochastic modelingCommunication skillsCritical thinkingTeamworkProblem solving

Required

C++/C#/Java experience

Demonstrated knowledge in quantitative finance

Degree/Degree field: Masters in math, physics, engineering, computer science or quantitative finance

Specific Credentials: progress towards CFA/FRM or similar

Years industry experience: No requirement

Years functional experience: 1

A minimum of three months of relevant work experience (inclusive of internships) is required

Good communication skills, both written and verbal

Ability to work in a fast-paced environment where the client is always our first priority

Proven record of reliability and dedication to high quality work

Sharp critical thinking skills, sound judgment, and decision-making ability

Both the ability and willingness to clearly articulate your ideas

Strong written and verbal communication skills

Ability to work both collaboratively and independently

A results-oriented work ethic

The ability to work independently and in a team environment

Preferred

Obtained an advanced quantitative academic degree, preferably in math, physics, or quantitative finance

Make successful progress toward CFA and/or FRM designations

Experience carrying out quantitative financial analysis, preferably based on portfolio and option valuation theories

Experience with stochastic modeling exercises including use of Monte Carlo techniques

Demonstrated proficiency in computer programming languages including C++/C#/Java, and has an appreciation of object-oriented software design

Demonstrated strong communication skills, capacity for leadership, and creative problem solving

Benefits

Medical, Dental and Vision – Coverage for employees, dependents, and domestic partners.

Employee Assistance Program (EAP) – Confidential support for personal and work-related challenges.

401(k) Plan – Includes a company matching program and profit-sharing contributions.

Discretionary Bonus Program – Recognizing employee contributions.

Flexible Spending Accounts (FSA) – Pre-tax savings for dependent care, transportation, and eligible medical expenses.

Paid Time Off (PTO) – Begins accruing on the first day of work. Full-time employees accrue 15 days per year, and employees working less than full-time accrue PTO on a prorated basis.

Holidays – A minimum of 10 observed holidays per year.

Family Building Benefits – Includes adoption and fertility assistance.

Paid Parental Leave – Up to 12 weeks of paid leave for employees who meet eligibility criteria.

Life Insurance & AD&D – 100% of premiums covered by Milliman.

Short-Term and Long-Term Disability – Fully paid by Milliman.

Company

Milliman

Glassdoor3.9

Milliman is a risk management, benefits, and technology firm that offers insurance and retirement services.

Founded in 1947

Seattle, Washington, USA

1001-5000 employees

http://www.milliman.com

H1B Sponsorship

Milliman has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (36)

2024 (18)

2023 (21)

2022 (29)

2021 (23)

2020 (27)