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Quantitative Financial Software Engineer (Trainee)

| Chicago


We’re looking for a talented and highly motivated Quantitative Financial Software Engineer (Trainee) to join the Lifecycle Advice Structured Solutions Group of NextCapital Advisers Inc.. This is initially a traineeship opportunity for a 3-6 months ideal for ambitious candidates seeking to transition into a full time position thereafter. Financial Software Engineers at NextCapital work as part of our highly innovative research team and solve complex problems related to financial advice structured solutions covering goal and risk-based products and related investment management. Our clients range from everyday investors to large financial institutions. Learn more about us at www.themuse.com/companies/nextcapital.


  • Disrupt the financial advice industry by building the next generation of financial advice and investment management solutions.
  • Learn from experienced quantitative researchers and expert software developers through pair coding and hone your skills across cutting-edge financial economics and full lifecycle advice retirement finance.
  • Build well-tested, efficient and reusable quantitative analytic models and scalable software.
  • Make an immediate impact by contributing to research and building new analytic features from start to finish.
  • Participate in the design, development, and implementation of software quality standards and procedures to maintain high levels of software quality and product reliability.
  • Review product business and technical specs with ability to provide feedback.
  • Develop test plans, scripts, and other documentation for various functional and non-functional testing activities.



  • Required Minimum Entry Criterion:
    • Master’s Degree in Computer Science, Operational Research, Financial Engineering, Electrical Engineering, or other graduate degree in a quantitative discipline with equivalent field experience. Ideal candidates will have degrees across the disciplines of computer science and finance. Bachelor degree candidates may apply only if the lack of a Master’s degree is compensated by significant coding experience and/or significant relevant work experience or a CFA or CFP designation (see below).
    • Coding experience: You have advanced skills in Ruby/JRuby and Matlab paired with advanced spreadsheet modeling capabilities with Google Apps Scripting Expertise or VBA for Applications for fast prototyping. Java experience is a strong preference.
  • You have strong knowledge of financial markets, financial mathematics, and computational finance (statistics), and a financial planning background. You’re a strong candidate if you are on track for CFA, SOA, CFP, CPA, FRM, CRPC certification. Preference will be given to applicants that have completed at least their CFA level I examination.
  • You have sharp analytical abilities, problem solving techniques and software design skills.
  • You’re comfortable reading & writing code, and can clearly articulate to diverse audiences what each part of the code is doing.
  • You have experience with broad advice methodology work and managing your own research and/or programming resources.
  • Previous retirement financial planning experience preferred.
  • You have outstanding writing and communication skills with a proven track record.



  • Disrupt the financial advice industry by bringing affordable, easy to use financial tools to millions of people
  • Enjoy a laid back work environment & learn from FinTech’s best & brightest
  • Receive great benefits like stock options, 401(k) match, and employer contributions to health, dental and vision coverage
  • Join a fast growing company where you can have a real impact on the company's future
  • Participate in company-sponsored cornhole leagues, company outings, wine tastings, fantasy football leagues, hackathons and other fun events
  • Enjoy a newly built out office on Michigan Avenue with a view of Millennium Park and Lake Michigan.
  • 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
  • Enjoy monthly, company wide, guided meditation sessions


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:

  • Ruby/JRuby
  • Matlab
  • Java
  • Git/Github
  • Teamcity
  • Jira
Read Full Job Description

Technology we use

  • Engineering
  • Product
    • JavaLanguages
    • JavascriptLanguages
    • PythonLanguages
    • RubyLanguages
    • HTMLSLanguages
    • MATLAB Languages
    • AWSLanguages
    • ReactLibraries
    • SinatraLibraries
    • AngularJSFrameworks
    • Ruby on RailsFrameworks
    • JIRAManagement


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 are some social events your company does?

Cornhole and ping pong tournaments, game nights, film and book clubs, music at the park in the summer, Whirlyball winter party, karaoke, wine tastings, an epic Halloween party.. just to name a few!


Employee Experience Assistant

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.


Delivery Manager

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!

Friends outside of work
Eat lunch together
Intracompany committees
- DIVE - Diversity, Inclusion, Values, Ethics - Monthly Women's Lunches
Daily stand up
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Pair programming
Open office floor plan
Documented equal pay policy
Dedicated Diversity/Inclusion Staff
Health Insurance & Wellness Benefits
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
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) 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 three-year period. Every employee is offered stock-options as a part of their initial offer!
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.
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
Paid Holidays
Paid Sick Days
Employees receive unlimited sick days.
Perks & Discounts
Beer on Tap
Casual Dress
Commuter Benefits
Company Outings
Happy Hours
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
Our relocation assistance plan offers a maximum reimbursement of $2000.
Fitness Subsidies
There is a gym onsite with a one-time fee of $100.
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.

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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