Director of Capital Management

4 weeks ago

Raleigh, United States Genworth Full time

At Enact Mortgage Insurance (Nasdaq: ACT), we understand that there’s no place like home. That’s why we bring our deep expertise, insightful offerings, and extra mile service to work every day to help lenders put more people in homes and keep them there.

We are looking for a Director of Capital Management & Rating Agencies in Raleigh, NC to join us in fulfilling our mission, while utilizing our values of excellence, improvement, and connection. In this role, you be responsible for overseeing the efficient management and deployment of capital resources and management of ratings to support the company’s strategic objectives. You will collaborate across Enact to assess capital needs, develop capital allocation strategies, and ensure regulatory compliance. In addition, you will manage the company’s ratings and rating agency relationships in alignment with our overall business objectives.

WHY WORK AT ENACT

  • We bring innovative thinking to the situations at hand
  • We seek out and incorporate diverse views to strengthen our outcomes
  • We work on challenging and rewarding projects
  • We offer competitive benefits:
  • Hybrid work schedule (shared in-office days Tuesdays – Thursdays)
  • Generous Time Off
  • 40 Hours of Volunteer Time Off
  • Tuition Reimbursement and Student Loan Repayment
  • Paid Family Leave and Flexible Spending Accounts
  • 401k with up to 5% employer match
  • Fitness and Emotional Wellness Reimbursements


LOCATION
Enact Headquarters, Raleigh, NC – Hybrid Schedule

YOUR RESPONSIBILITIES

  • Develop deep understanding of various capital regimes (regulatory, PMIERs, rating agencies, economic) with focus on reporting, forecasting and development of capital solutions that achieve compliance and optimize capital efficiencies & financial performance
  • Develop capital strategies and manage capital planning across Enact legal entities to include capital allocations and return of capital strategies including dividends and share repurchase program
  • Maintain capital modeling within Enact’s broader financial forecast with goals to maintain robust balance sheet and optimize capital structure / minimize cost of capital
  • Assess capital stress testing and implications to business decisions and contingency plans
  • Analyze financial data to identify trends and opportunities for improving capital efficiencies. Collaborate with competitor analysis team on market comparisons of capital solutions across mortgage insurance sector
  • Co-lead for Capital & Investment Committee
  • Finance lead for regulatory relationships including NCDOI, GSEs / FHFA and coordinate on BMA work streams as needed
  • Develop ratings objectives, strategies and manage rating agency relationships
  • Manage credit risk transfer business objectives of providing cost-efficient capital and volatility protection. Establish operating leverage targets and execution plans
  • Evaluate, execute, monitor, and report on credit risk transfer transactions with traditional reinsurers and capital markets
  • Enhance reinsurance business processes and tools including reinsurance systems, risk transfer assessments, contract terms and due diligence
  • Manage key constituents across credit risk transfer program (reinsurers, brokers, capital market investors, investment banks, GSEs, etc.)
  • Monitor and manage the company’s capital structure to maintain optimal debt and equity levels
  • Evaluate debt management including establishing leverage targets and execution plans
  • Execute, monitor, and report on debt transactions and other capital markets solutions
  • Monitor market conditions and economic trends to anticipate potential impacts on capital markets
  • Manage investment banking relationships
  • Collaborate with internal teams to support strategic initiatives and capital-intensive projects including the coordination of business diversification opportunities across Enact

YOUR QUALIFICATIONS

  • Master's degree in business, finance, or related field preferred
  • A minimum of 10 years related experience
  • Strategic thinker and proficient decision-making
  • Excellent verbal, written, presentation skills with strong ability to communicate effectively in a professional manner
  • Strong understanding of insurance, accounting, and regulatory issues
  • Proven analytical and problem-solving skills


COMPANY
Enact is a leading publicly traded U.S. private mortgage insurance provider, offering borrower-centric products that enable lenders and other partners across the U.S. to help people responsibly achieve and maintain the dream of homeownership.

By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Headquartered in Raleigh, North Carolina, we play an active role in supporting a healthier Triangle community. We also support our colleagues’ philanthropic efforts in their home communities across the U.S.

Enact values all perspectives, characteristics and experiences, and DEI remains at the forefront of what we do. We strive to create an environment where employees can bring their full, authentic selves to work to help each other and their customers.

We are proud to be an equal opportunity employer and all hiring decisions are based on merit, qualifications, and business needs. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

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