Senior Risk Modeling Manager

At Enact 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 a Senior Risk Modeling Manager in Raleigh NC to join us in fulfilling our mission while utilizing our values of excellence improvement and this role you will provide insights and expertise in model development and quantitative analysis of insurance and credit risk across structured and unstructured insurance opportunities within Enact Re our Bermuda-domiciled business unit. Reporting directly to the Chief Risk Officer of Enact Re you are responsible for helping Enact succeed in its long-term growth strategy. Success in this role requires a blend of strong analytical skills financial acumen insurance and credit risk modeling expertise and effective communication.

LOCATION
Enact Headquarters Raleigh NC Hybrid Schedule

YOUR RESPONSIBILITIES

• Development of qualitative and quantitative assessments for both existing and new business opportunities using internal and external models analytical tools and ratings models.
• Use statistical techniques to analyze and model performance datasets ratings migration and economic trends that impact the Companys exposures and their performance.
• Analyze critique monitor and expand upon risk models leveraged within the business and validate that these models are fit for use under Enacts Model Risk Framework.
• Analyze stochastic modeling frameworks and interpret their corresponding probability distributions.
• Perform stress testing across multiple collateral and transaction types that considers correlation between exposures while adhering to internal and regulatory standards.
• Develop quantitative assessments including scenario analysis sensitivity analysis and what-if analysis of risk exposures and provide guidance to support capital management strategies and underwriting limits.
• Summarize and present analysis of expected performance and financials to both technical and non-technical stakeholders.
• Document the risks limitations and appropriate confidence in a set of analytical results.
• Collaborate with various internal stakeholders including teams in Risk Finance Operations and IT to gather necessary data for modeling and monitoring that promotes understanding of models and their results.
• Provide oversight and guidance of transaction analysis and underwriting on new opportunities.
• Provide support in developing management and Board level reporting along with required regulatory filings including the Companys Commercial Insurer Solvency Self-Assessment (CISSA).
• Engage external parties and in independent research to learn industry standard techniques and promote innovative approaches to improve the existing suite of risk models.

YOUR QUALIFICATIONS

• Bachelors degree or equivalent in actuarial science statistics financial mathematics or a related field
• 7 years of quantitative experience working with performance data and building risk models
• Knowledge of stochastic modeling concepts and application
• Experience working with capital modeling financial cashflows and financial metrics
• Experience with economic regulatory and rating agency capital frameworks
• Experience developing testing and documenting quantitative frameworks and risk models
• Exceptional quantitative analytical and organizational skills
• Ability to take independent ownership of projects including the evaluation conclusion and presentation of findings
• Strong communication presentation and collaboration skills that allow for collaboration and at all levels within the organization including senior management
• Ability to challenge and influence in a collaborative way

PREFERRED QUALIFICATIONS

• Advanced degree preferred
• Proficiency in data manipulation and analysis via SQL and Excel or a programming language such as Python R or SAS
• Experience in developing risk frameworks underwriting guidance and pricing strategies
• Experience with structured credit both in single name and portfolio form

COMPANY
Enact Holdings Inc. (Nasdaq: ACT) operating primarily through its wholly owned subsidiaries 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 along with providing a positive and inclusive culture for employees to grow and succeed. 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.

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 Tues/Wed/Thurs)
  • 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

  • Onsite Gym