Quantitative Developer

Who We Are

The Chicago office of Milliman Inc. is looking for bright enthusiastic and qualified candidates to work in their Financial Risk Management (FRM) practice.

Millimans rigorous distinctly innovative approach to risk management is built on a foundation of actuarial expertise and shaped by some of the most advanced thinking in the industry. Whether youre looking to improve capital efficiency comply with regulatory requirements or guard against market volatility Milliman offers a complete range of operational strategic and financial risk management solutions and tools.

We have a focused multidisciplinary team of actuaries financial engineers/capital markets professionals and software developers working together to develop risk management solutions for the financial services industry. We currently advise some of the worlds largest insurance companies in areas such as hedging strategy and operations portfolio risk management and capital requirements.

We hire the best in the businessand then trust them to do their work their way. Its about personal responsibility creativity flexibility. We believe great work happens in great work environments.

Our culture is highly collaborative with value placed on high quality work and innovation.

The Department/Team

The Quantitative Development group within Millimans Financial Risk Management Practice focuses on capital markets modeling marketconsistent valuation of assets and liabilities quantitative risk analytics and simulation analysis of risk management strategies. Systems developed by this group support trading functions within active hedge programs and serve as calculation engines for stochasticonstochastic financial projections of hedge strategy performance.

Your Role/What Youll Do

The candidate would potentially be involved in the following types of projects:

• 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

Your Qualifications

The candidate must have:

• Masters degree in math physics engineering computer science or quantitative finance
• Years of industry and functional experience: Entry level role to 4 years experience
• C/C#/Java experience demonstrated object oriented programming knowledge
• Demonstrated knowledge in quantitative finance
• The ability to read write and communicate clearly in English

The ideal candidate will have:

• Prior internship experience preferably in Financial Mathematics and in a technical role
• Obtained an advanced quantitative academic degree preferably in math physics or quantitative finance
• Made successful progress toward CFA and/or FRM designations. We may consider candidates who havent started yet but are interested in obtaining these credentials we will support financially).
• 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
• The ability to work independently and in a team environment
• A resultsoriented work ethic

Compensation

The salary range for this role is $86680 $138820 depending on a combination of factors including but not limited to education relevant work experience qualifications skills certifications location etc.

The expected application deadline for this job is June 30 2025.

Milliman Benefits

We offer a comprehensive benefits package designed to support employees health financial security and wellbeing. Benefits include:

• Medical Dental and Vision Coverage for employees dependents and domestic partners.
• Employee Assistance Program (EAP) Confidential support for personal and workrelated challenges.
• 401(k) Plan Includes a company matching program and profitsharing contributions.
• Discretionary Bonus Program Recognizing employee contributions.
• Flexible Spending Accounts (FSA) Pretax savings for dependent care transportation and eligible medical expenses.
• Paid Time Off (PTO) Begins accruing on the first day of work. Fulltime employees accrue 15 days per year and employees working less than fulltime 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.
• ShortTerm and LongTerm Disability Fully paid by Milliman.

Location

Candidates hired into this role will be required to work inperson in the Milliman office in Chicago IL on a weekly basis but flexible work arrangements will be considered.

Equal Opportunity

Milliman is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race color religion sex national origin disability protected Veteran Status age or any other characteristic protected by the law.