Financial Modeling Analyst

Progressive Insurance; United States; Remote; USD 81,000 - 109,000; Full time

Benefits offered by this job

401(k) with company match

Medical, dental & vision

Wellness programs

Life insurance

Paid time off

Disability insurance

Parental leave

Tuition assistance

Onsite gym at large locations

Job summary

Progressive Insurance is seeking a Financial modeling analyst to join the Risk Capital & Enterprise Risk Management team. You will analyze risk capital, risk appetite, and finance metrics, translating findings into actionable insights for business decisions.

The role involves collaboration with risk capital modeling, enterprise portfolio management, and reinsurance teams to support capital adequacy and model governance.

Qualifications

• Minimum 6 years of analytical work experience.
• Bachelor’s degree or higher with 5+ years analytical experience.
• Bachelor’s degree or higher in a quantitative field with 3+ years analytical experience.

Responsibilities

• Analyze risk capital, risk appetite, and finance metrics.
• Translate findings into insights for business decisions.
• Collaborate with risk capital modeling, enterprise portfolio management and reinsurance teams.

Skills

Analytical skills

Communication skills

Problem solving

Team collaboration

Insurance knowledge

Education

Bachelor's degree or higher in quantitative field

Tools

Python

SQL

SAS

R

Job description

Progressive is dedicated to helping employees move forward and live fully in their careers. Your journey has already begun.

As a financial modeling analyst on the Risk Capital & Enterprise Risk Management team, you’ll analyze risk capital, risk appetite, and finance metrics and translate your findings into insights that support business decisions. Working with the risk capital modeling, enterprise portfolio management, and reinsurance teams, you’ll contribute to internal capital adequacy and allocation initiatives and mature our model governance framework.

This is remote position for U.S.-based work only, requiring occasional travel to our headquarters in Mayfield Village, OH for meetings and/or training.

Minimum Qualifications

• A minimum of 6 years of analytical work experience.
• {OR} Bachelor's degree or higher and a minimum of 5 years of analytical work experience.
• {OR} Bachelor's degree or higher in a quantitative field of study and a minimum of 3 years analytical work experience.

Preferred Skills

• Knowledge of insurance and of financial and capital metrics.
• Experience or coursework in financial modeling, risk management, pricing, product analysis, corporate finance, or a related area.
• Experience using Python.
• Experience with data manipulation using tools such as SQL, SAS, R, or similar tools.
• Strong analytical, problem-solving, and communication skills, with the ability to explain findings and collaborate across teams.

Compensation

• $81,400 - $108,500/year
• Gainshare annual cash incentive payment up to 30% of your eligible earnings based on company performance.

Benefits

• 401(k) with dollar-for-dollar company match up to 6%.
• Medical, dental & vision, including free preventative care.
• Wellness & mental health programs.
• Health care flexible spending accounts, health savings accounts, & life insurance.
• Paid time off including volunteer time off.
• Paid & unpaid sick leave where applicable, as well as short & long-term disability.
• Parental & family leave; military leave & pay.
• Diverse, inclusive & welcoming culture with Employee Resource Groups.
• Career development & tuition assistance.
• Onsite gym & healthcare at large locations.

Energage recognizes Progressive as a 2026 Top Workplace for: Innovation, Purposes & Values, Work-Life Flexibility, Compensation & Benefits, and Leadership.

Equal Opportunity Employer

Applicants must be authorized to work for any employer in the U.S. without the need or potential need of current or future sponsorship for employment. Progressive does not hire candidates with F 1 CPT, OPT or STEM OPT, H 1B, O 1, E 3, or TN statuses for this role.

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.