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’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 tactical and strategic leadership in using risk models to acquire, manage and distribute Risk. The models built and maintained by the Risk Modeling team are used in Enact’s pricing, forecasting and stress testing functions. Reporting directly to the Senior Director of Mortgage Insurance, you are responsible for leading the group and setting a vision of how to advance these models and their capabilities. This is a highly cross-functional role that requires partnering with data and analytical teams across the organization.

LOCATION
Enact Headquarters, Raleigh, NC – Hybrid Schedule

YOUR RESPONSIBILITIES

• Develop new and advance existing frameworks of econometric models that forecast the performance of both in-force loans and new business.

• Provide support, guidance and vision on how to use model results to answer key questions as a part of Enact’s pricing, financial planning and stress testing functions.

• Partner with IT in the design and implementation of the tools and technology that deliver key model results to the business.

• Ensure all models and valuations follow internal model documentation, governance, and control requirements.

• Collaboratively and proactively identify areas of improvement for Enact’s suite of risk models and their usage.

• Participate in reviews of portfolio performance, financial planning, and risk management for the business, as appropriate.

YOUR QUALIFICATIONS

• Master’s degree or equivalent in actuarial science, statistics, financial mathematics, or a related field

• 7+ years of modeling experience

• Knowledge of econometric modeling concepts and application

• Experience developing, testing, and documenting models from large data sets

• Demonstrated strong leadership and management capabilities

• Exceptional quantitative, analytical, and organizational skills

• Strong written and verbal communication and presentation skills to present complex subjects clearly to stakeholders, including senior management

• Ability to challenge and influence in a collaborative way

PREFERRED QUALIFICATIONS

• Familiarity with mortgage performance forecasting

• Familiarity with financial cashflows

• Experience using advanced machine learning modeling techniques with AWS

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.

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