Counterparty Risk Analyst

Job Description

Job Description

Essent Group Ltd. (NYSE : ESNT) is a Bermuda-based holding company (collectively with its subsidiaries, "Essent") which serves the housing finance industry by offering private mortgage insurance, reinsurance, risk management products and title insurance and settlement services to mortgage lenders, borrowers, and investors to support homeownership. We are focused on managing risk and dedicated to serving as a strong and fair counterparty. As a company, we bring strong private capital and a commitment to risk management to the mortgage insurance industry.

Title : Counterparty Risk Analyst

Location : Radnor, PA (Fully on-site)

This is an entry level position that is responsible for analyzing and reviewing new and existing lenders eligible to place loans with Essent mortgage insurance. Position is also responsible for analyzing and reviewing data and must be able to organize various processes within Counterparty Risk and communicate timely and accurately within Essent. This position will work closely with all Counterparty Risk team members across numerous responsibilities and areas of focus to help maintain timelines and create efficiencies where available.

As a dynamic and resourceful professional, we will rely on you to perform the following duties :

• Perform due diligence for prospective lenders and servicers to support business initiatives. Track status of receipt of lender information and determine completeness. Work with internal Essent departments including Risk Management, Business Development and Operations as well as lender to resolve any omissions. Review and maintain lender file documentation and ensure files are properly approved, documented and retained.
• Support and contribute to Monthly Client Monitoring procedures through detailed analysis of lender and servicer portfolios, external monitoring, and numerous special topics, while also providing mitigation plans and suggestions.
• Assist in lender scorecard process, providing in-depth analysis of Essent’s largest lenders, identifying special or relevant topics, and creating internal presentations for management.
• Support CRT (Credit Risk Transfer) process by actively monitoring Reinsurer counterparty health and individual deal collateral eligibility, while also providing due diligence for all potential partners on future deals. Provide reporting to internal and external stakeholders in relation to deal collateral and Reinsurer monitoring.
• Support loan-level QA defect and client feedback processes.
• Maintain governance files for all Risk Management related items (new programs / variance approvals, GSE or other agency information remittances, reserve documentation, etc.).
• Prepare client-facing portfolio analysis presentations, utilizing internal reports and data aggregation tools, and creating appropriate presentation formats and layouts.
• Prepare and report new variances and programs with Underwriting and other internal constituents.
• Assist in development of and improvement of Essent processes and documenting of procedures.
• Perform other duties as assigned by management.

Minimum Education & Experience Requirements :

Our commitment to your success is enhanced by our competitive salary and comprehensive benefits package including paid time off, medical, dental, vision, 401(k) and disability benefits. We work to maintain a positive environment for our employees, where people can learn and grow with the company. Essent is an Equal Opportunity Employer.