Milliman · 22 hours ago
Quantitative Analyst
Chicago, Illinois, United States
Full-time
Hybrid
New Grad, Entry Level
$75K/yr - $120K/yr
0+ years expMilliman is a leading firm in Financial Risk Management, looking for enthusiastic candidates to join their Chicago office. The role involves designing models for exotic derivatives, implementing derivative models, and developing trading strategies within a collaborative team environment.
AnalyticsConsultingInsurTech
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
Required
Bachelors degree in math, physics, engineering, computer science or quantitative finance
Years of industry and functional experience: Entry level role to 2 years experience
C#/C++/Java or Python experience
Demonstrated interest in quantitative finance
The ability to read, write and communicate clearly in English
Preferred
Prior internship experience, preferably in Financial Mathematics
Interest in obtaining the CFA and/or FRM designations (we will support this, financially)
Experience carrying out quantitative financial analysis, preferably based on portfolio and option valuation theories
Demonstrated experience in computer programming languages including C++/C#/Java, and has an appreciation of object oriented software design
Demonstrated strong communication skills, and creative problem solving
The ability to work independently and in a team environment
A results-oriented work ethic
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 paid 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
Milliman is a risk management, benefits, and technology firm that offers insurance and retirement services.
1001-5000 employees
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)
Funding
Current Stage
Late StageLeadership Team
Kathy Kalstrup
Chief Operating Officer
Amy Litton
DC Operations Support Consultant
Recent News
2026-01-11
Company data provided by crunchbase