Jr. Quantitative Financial Engineer (Remote/Onsite/Hybrid)

| Chicago | Remote
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ABOUT US

NextCapital is the leader in enterprise digital advice. NextCapital partners with world-class institutions to deliver personalized planning and managed accounts to individual investors, whether they’re saving for retirement in a 401(k) or IRA or investing in a taxable brokerage account. Our open-architecture digital advice solution provides better outcomes for our partners and individual investors by offering integrated account aggregation, analytics, planning and portfolio management, and customizable advice methodology and fiduciary roles.

Learn more about NextCapital at www.themuse.com/companies/nextcapital

JOIN OUR TEAM

We’re looking for a talented and highly motivated Jr. Quantitative Financial Engineer to join NextCapital Advisers’ Advice Finance team. The Advice Finance team is responsible for NextCapital Advisers’ proprietary advice and investment methodology, and plays an instrumental role in working with Partner institutions in developing and maintaining advice solutions even when NextCapital Advisers is not playing a fiduciary role. The Advice Finance team is made up of both quantitative and qualitative experts with experience in a variety of financial disciplines, working together to facilitate the delivery of personalized planning and managed account solutions across ‘workplace’ and ‘retail’ management opportunities.

***At this time, NextCapital does not offer future sponsorship for this position***

WHAT YOU’LL DO

  • Make an immediate impact by designing and building well-tested, efficient and reusable quantitative analytic models and scalable software.
  • Add value by understanding key business or team requirements underlying new features and providing constructive feedback on both technical and non-technical design considerations to a variety of audiences.
  • Reduce risk through design, development, and implementation of software quality standards and procedures to maintain high levels of software quality and product reliability.
  • Improve the quality of production algorithms by writing test plans, scripts, and producing other documentation for various functional and non-functional testing activities.
  • Design and maintain robust databases and streamlined processes to intake data (such as large third party financial data sets or data feeds from institutional partners) that feeds critical advice and investment algorithms.
  • Research, monitor, and implement updated advice and investment configurations that, for example, reflect critical industry financial data within NextCapital’s advice and investment solutions.
  • Perform quantitative financial research in a variety of fields/topics, including market dynamics modeling, historical research and backtesting, prototyping of quantitative investment strategies, impact analysis of changes to NextCapital’s methodology affecting real users.

OUR TOOL KIT

We believe in using the best tool for the job, and also relying on the strengths of our team. Here are the key technologies that we use everyday:

  • Matlab
  • Python
  • Ruby/JRuby
  • Java
  • Github
  • Teamcity
  • Jira
  • Lucidchart

Requirements

WHO WE’RE LOOKING FOR

  • Experience
    • You have experience designing and writing high-quality code using Matlab, Python, and Ruby (Java a plus).
    • You have experience working with, and strong knowledge of, the retirement planning industry, financial markets, financial mathematics, and computational finance (statistics).
  • Education
    • Bachelor’s Degree in Computer Science, Operational Research, Financial Engineering, or other relevant degree. Ideal candidates will have degrees or relevant experience spanning the disciplines of computer science and finance.
    • You’re a strong candidate if you are on track for industry certifications, such as CFA, SOA, CFP, CPA, FRM, CRPC, CIPM etc. Passage of CFA level I (or progress on other relevant certification) preferred.
  • Traits/Skills
    • Proficiency with one or more programming languages listed here: Matlab, Python, and Ruby/JRuby. Advanced spreadsheet modeling capabilities with Google Apps Scripting Expertise or VBA for Applications for fast prototyping and Java experience are both plusses.
    • Comfortable reading & writing code, and can clearly communicate (both written and oral) technical and non-technical concepts to diverse audiences.
    • Exceptional analytical, critical thinking, and quantitative skills.
    • You thrive in a fast paced environment and are able to pivot efficiently when priorities change.
    • You are highly self-motivated and have the ability to work independently.
    • You have sharp analytical abilities, which allows you to identify and proactively solve problems.

WHERE THIS ROLE MAY LEAD YOU

  • Senior-level engineering roles within NextCapital Advisers.
  • Opportunity to cross-train on areas of interest and contribute to the team’s research agenda and potential publications.

Benefits

WHY YOU’LL LOVE IT

  • Disrupt the financial advice industry by bringing affordable, easy to use financial tools to millions of people.
  • Receive great benefits like stock options, employer 401(k) match, and employer contributions to health, dental and vision coverage.
  • Enjoy a stimulating work environment surrounded by top quality researchers and engineers that enjoy working with each other towards a common goal.
  • Get in on the ground floor of a growth stage company where you can have a real impact on the company's future.
  • When the COVID-19 pandemic cools down, participate in company-sponsored cornhole leagues, company outings, wine tastings, fantasy football leagues, hackathons and other fun events
  • When our pandemic ‘remoteness’ ends, enjoy a newly built out office on Michigan Avenue with a view of Millennium Park and Lake Michigan
  • And, yes, when we’re able to safely re-convene in a physical space, sip locally roasted coffee, kombucha, or craft beer at your modular sitting/standing desk
  • Participate in women in tech events and service days at local organizations
  • Relax with monthly, company wide, guided meditation sessions
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Technology we use

  • Engineering
  • Product
  • Sales & Marketing
    • JavaLanguages
    • JavascriptLanguages
    • PythonLanguages
    • RubyLanguages
    • HTMLSLanguages
    • MATLAB Languages
    • AWSLanguages
    • ReactLibraries
    • SinatraLibraries
    • AngularJSFrameworks
    • Ruby on RailsFrameworks
    • ConfluenceManagement
    • JIRAManagement
    • SalesforceCRM

Location

Located on Michigan Avenue, right across the street from Millennium Park and Pritzker Pavilion with an unobstructed view of the lake.

An Insider's view of NextCapital

What's the biggest problem your team is solving?

My team works on various problems. One that I am working on right now is enabling automated testing for users enrolled in workplace plans, ensuring that testers can create users with plans, as well as creating an automated enrollment process.

Alyssa

Software Engineer II

How has your career grown since starting at the company?

I started at NC as a FullStack Product Designer, which gave me insight into how models form NC’s stack – driving creation of features with value to partners. Then, I moved into leadership by owning the ideation of individual features and facilitating their scoping, design, and development. Now, I’m managing an Agile team for delivery of milestones.

Blake

Delivery Manager

What’s the vibe like in the office?

NextCapital's offices are very open and collaborative spaces. The environment complements our corporate culture and reflects part of our mission to be transparent.

Jason

Platform Engineer

What are NextCapital Perks + Benefits

NextCapital Benefits Overview

NextCapital offers phenomenal healthcare benefits, as well as flexible work hours (core business hours are between 9:30-4:00), a super relaxed dress code, and a generous PTO policy that includes unlimited sick days and work-from-home opportunities (so long as you get prior manager approval). A liberal parental leave policy for new parents is also in place.

With an on-site gym just one floor down, it's easy to stay active if you want to step away from your standing/sitting desk for a bit - or walk across the street to Millennium Park to take in the glory of the bean during your lunch break.

Other fun perks include beer and kombucha on tap, as well as espresso. Awesome company events like happy hours, intramural sports leagues (softball, bowling, and volleyball), and poker, board games, and euchre nights will be on your calendar. Come join in on the fun!

Culture
Friends outside of work
Eat lunch together
Intracompany committees
- DIVE - Diversity, Inclusion, Values, Equity - Monthly Women's Lunches
Daily sync
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Pair programming
Open office floor plan
Diversity
Unconscious bias training
Unconscious bias awareness is a part of our interview training.
Diversity Employee Resource Groups
DIVE Group - Diversity, Inclusion, Values, & Equity
Hiring Practices that Promote Diversity
Diverse hiring panel, removal of candidate photos, unconscious bias training of the hiring team, rubrics & scorecards to allow objective evaluations and identify potential bias
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
NextCapital employees can contribute up to $2750 annually to their FSA.
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
Onsite Gym
Team workouts
We participated in the JP Morgan Corporate Challenge this year! And with a gym right downstairs, it's convenient to exercise alongside your teammates! We also host a guided weekly meditation session.
Retirement & Stock Options Benefits
401(K)
401(K) Matching
NextCapital provides employees with a 401(k) matching plan. We match 5% of contributions up to 5% of an employee's annual gross pay.We
Company Equity
NextCapital offers stock-options through its employee profit sharing program, including vesting over a four-year period. Every employee is offered stock-options as a part of their initial offer!
Employee Stock Purchase Plan
Performance Bonus
Child Care & Parental Leave Benefits
Generous Parental Leave
We provide up to 4 weeks of parental leave for the primary caretaker. After that, you can come back part time or work from home to ease back into things. 2 weeks for the secondary caretaker.
Flexible Work Schedule
Core hours are from 9:30 am to 4:00 pm. As long as you are online and available during that time and get your 40 hours in - you can arrive and leave the office whenever suits your schedule.
Remote Work Program
Our remote work program includes unlimited opportunity to work from home. We are a collaborative environment, but feel free to work remote on occasion, so long as you get prior manager approval.
Family Medical Leave
All employees receive 5 days of family sick time.
Return-to-work program post parental leave
Vacation & Time Off Benefits
Generous PTO
Generous PTO policy and Summer Hours from mid-April to Labor Day weekend every Friday
Paid Holidays
Paid Sick Days
Employees receive unlimited sick days.
Perks & Discounts
Beer on Tap
Casual Dress
Commuter Benefits
Company Outings
Happy Hours
Parking
Recreational Clubs
NextCapital sponsors seasonal Intramural sports (bowling, softball, volleyball), as well as weekly euchre nights and occasional board game and poker nights. There are also book and film clubs.
Relocation Assistance
Fitness Subsidies
There is a gym onsite with a one-time fee of $100.
Home Office Stipend for Remote Employees
New and current employees are reimbursed for any office supplies/furniture that is needed for their home office.
Professional Development Benefits
Job Training & Conferences
All new employees become graduates of NextCapital University. NCU is a week-long crash course-load of information that will set you up for success here at NextCaptial.
Diversity Program
Lunch and learns
NextCapital hosts brown-bags on a variety of topics as they come up.
Cross functional training encouraged
Promote from within
Mentorship program
Our mentorship program includes 1-to-1 program, Career mentoring, Leadership mentoring. On day one you will be given an individual mentor who will work very closely with you for your first 30+ days.
Time allotted for learning
NextCapital allows employees to set aside 10% of working hours for learning.

Additional Perks + Benefits

120 degree sit/stand modular desks. Awesome work/life balance. Local coffee, espresso, cold brew/iced tea, and beer. Stock options for every employee. A generous Parental Leave Policy.

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