Senior Risk Modeling Manager

Senior Manager, Risk Modeling

At Enact, 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're looking for a Senior Manager, Risk Modeling 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 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 Company's 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 Enact's 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 Company's 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

Preferred Qualifications

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