Insurance Risk Analytics Manager

1 month ago

Raleigh, United States Genworth Full time

At Enact Mortgage Insurance (Nasdaq: ACT), we understand that theres no place like home. Thats 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.

Were looking for an Insurance Risk Analytics Manager in Raleigh, NC to join us in fulfilling our mission, while utilizing our values of excellence, improvement, and connection. In this role, you will provide thoughtful insights and expertise in the development and quantitative analysis of risk models across various insurance and reinsurance lines. These models enable the success of Enacts targeted risk acquisition, management, and distribution strategies and are foundational to the pricing, forecasting, capital allocation, and stress testing functions within the business. This is a collaborative role with senior leadership visibility that invites sharing expertise and ideas across business functions. Success in this role requires a blend of strong analytical skills, financial acumen, credit risk expertise, and effective communication.

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

YOUR RESPONSIBILITIES

  • Analyze large datasets and use statistical techniques to identify patterns and trends that impact insurance and reinsurance credit risk.
  • Build, update, monitor and improve upon internal risk models that analyze credit risk.
  • Analyze, critique, monitor and expand upon external risk models leveraged within the business that analyze credit risk.
  • Design, develop, and refine insurance pricing and cashflow models.
  • Promote capital allocation strategies that align with internal risk views while adhering to regulatory frameworks.
  • Analyze and interpret stochastic modeling frameworks and their corresponding probability distributions.
  • Perform stress testing to adhere to internal and regulatory standards and assess correlations between risk exposures.
  • Engage external parties and in independent research to learn industry standard techniques and promote innovative approaches to improve the existing suite of risk models.
  • Conduct scenario analysis, sensitivity analysis, what-if analysis, and other types of analysis to assess the potential impact of assumptions on insurance portfolios.
  • Provide oversight, review, and effective challenge of credit risk taking across the business.
  • Summarize and present analysis of modeled performance and financials to both technical and non-technical stakeholders.
  • Write technical documentation that portrays the risks, limitations, and appropriate confidence in a set of modeled results.
  • Collaborate with clients to gather necessary credit information and various internal stakeholders including teams in Risk, Finance, Operations, and IT to promote understanding of models and their results.

YOUR QUALIFICATIONS

  • Advanced Degree in a quantitative discipline such as Quantitative Finance, Statistics, Economics, Mathematics, Data Science, or Actuarial Sciences.
  • 7+ years of relevant work experience in analyzing economic or financial data.
  • Experience working with financial cashflows and financial metrics such as return on equity.
  • Experience with capital modeling across diversified lines of insurance and reinsurance.
  • Ability to independently evaluate, draw conclusions, and present findings.
  • Experience with mortgage insurance and reinsurance.
  • Strong communication, presentation, and collaboration skills that allow for collaboration at all levels within the organization.
  • Ability to take complete ownership of projects in a performance and results oriented environment.

ADDITIONAL QUALIFICATIONS

  • Proficiency in data manipulation and analysis via SQL and Excel or a programming language such as Python, R, or SAS
  • Experience in insurance or reinsurance pricing with a focus on developing and implementing effective pricing strategies
  • Experience working with multiple asset classes
  • Experience in underwriting for insurance or reinsurance
  • Experience related to structured transactions

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 need. 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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