Quantitative Analyst

Job Description:

The quantitative analyst will play a key role in supporting and enhancing our insurance hedging and market risk management programs. The role involves conducting advanced quantitative research and development, while also generating fixed income portfolio analytics and investment insights.

We are looking for a highly motivated individual with a strong quantitative background, a genuine interest in fixed income investments, and intellectual curiosity. Ideal candidates will bring sharp analytical skills, a collaborative mindset, great attention to detail, and a strong eagerness to learn about financial markets, derivatives, and investment strategies.

Candidate Note: This role is a Hybrid role which will require an in-office presence in the Philadelphia area.
 

Job Responsibilities:

• Support, maintain, and enhance existing insurance hedging programs; produce detailed hedging performance attributions and generate insights to improve results and meet evolving business needs.
• Leverage programming, data analytics, and AI tools to automate, integrate, and streamline workflows.
• Generate fixed income portfolio risk analytics and performance attributions to support portfolio management decisions; develop expertise across a broad range of fixed income instruments to provide deeper insights.
• Execute trades across derivatives (interest rate, equity, inflation) and fixed income instruments.
• Develop a strong understanding of evolving macroeconomic trends and government policies, providing valuable inputs and recommendations to support investment decision-making.
• Contribute to idea generation by staying current on life insurance industry trends, investment strategies, and risk management approaches; identify opportunities in financial markets to improve the risk/reward profile of derivatives and fixed income portfolios.
• Translate complex data into clear, actionable insights; conduct quantitative analysis (e.g., stress testing, Monte Carlo simulations, VaR, derivative risk analysis, hedging strategies) to support and refine investment ideas.
• Produce standard and ad hoc risk and performance reports tailored for diverse audiences, ensuring accuracy, relevance, and timely delivery.

Required Qualifications:

• Bachelor’s degree in Mathematics, Statistics, or other quantitative/science/engineering disciplines; Master’s degree a plus
• 1–5 years of experience in financial services or a quantitative role; exceptional candidates without prior work experience will also be considered
• Proficiency in programming with R and/or Python, with ability to build and maintain complex models
• Strong foundation in Financial Mathematics, including derivative pricing theory and practical applications
• Basic knowledge of fixed income instruments and fixed income portfolio construction
• Solid knowledge of modeling techniques such as Monte Carlo simulation, sensitivity analysis, historical back test, and risk analytics
• Excellent written and verbal communication skills
• Ability to thrive in a fast-paced, high-energy environment and collaborate effectively in a team setting
• Strong desire to pursue and deepen knowledge of financial markets and investments

Preferred Qualifications:

• Insurance products knowledge
• CFA candidate
• Successfully passed FINRA series 3 exam or willingness to obtain license

Location: Conshohocken, PA (Hybrid work schedule)

Base Salary Range: $95,000- $115,000

For over 175 years, Penn Mutual has empowered individuals, families and businesses on the journey to achieve their financial goals. Through our partnership with Financial Professionals across the U.S., we help instill the confidence and reliability that comes from a stronger financial future. Penn Mutual and its affiliates offer a comprehensive suite of competitive products and services to meet the unique needs of Financial Professionals and their clients, including life insurance, annuities, wealth management and institutional asset management. To learn more, including current financial strength ratings, visit www.pennmutual.com.

Penn Mutual is committed to Equal Employment Opportunity (EEO). We provide employment and advancement opportunities to all qualified applicants and associates, according to applicable laws. This is reflected in our practices for hiring, placement, promotion, transfer, demotion, layoff, termination, recruitment, compensation, selection or training, and all other terms and conditions of employment. All employment-related decisions and practices are free from unlawful discrimination. This includes: race, creed, color, national origin, ancestry, citizenship age, gender (including pregnancy), sexual orientation, gender identity or expression, domestic partnership or civil union status, marital status, genetic information, disability, religious observance or practice, liability, veteran status or any other classification protected under applicable law.