How will you make an impact? (role and responsibilities)
Responsible for assistance and guidance of regulatory filings and requirements related to MGIC’s pricing strategy.
Responsible for assessing mortgage insurance pricing landscape and developing solutions using internal and external models and data sources, emphasizing MGIC’s strong value proposition.
Responsible for providing input on future state analytics and using the data to assess pricing competitiveness and market position.
Responsible for assessing alternative rating variables and approaches for use in establishing filed rate levels
Responsible for providing actuarial perspective in interactions with various insurance regulators on rate and rule filings as well as other regulatory dialogue requiring actuarial support
Responsible for developing more junior staff in actuarial analyses and mortgage insurance cash flow modeling.
Do you have what it takes? (requirements)
Education: Completion of Bachelors’ Degree and Actuarial Designation (FCAS/FSA, ACAS/ASA).
Experience: More than 7 years with advanced experience in area of specialization.
Required Knowledge and Skills:
Demonstrated knowledge of mortgage insurance, secondary marketing, and related industries
MGIC’s business, strategic direction, products, technologies, business practices, and customers
Mortgage industry trends and emerging initiatives
Mortgage credit risk modeling
Rate making, including development of rate filings and regulatory support
Rate of return, expense analysis, and risk classification
Financial enterprise risk management
Demonstrated programming skills (e.g., SAS, R, Python, SQL, etc.) and proficiency in Microsoft Excel
Financial analysis, calculations and concepts
Demonstrated management and/or training experience
Project management and execution thereof
Ability to think strategically, solve problems, and communicate effectively
Internal Number: R986
We are a private mortgage insurer with $241.0 billion primary insurance in force covering approximately one million mortgages (as of Oct 31, 2020). MGIC provides a critical component of our country’s residential mortgage finance system, protecting mortgage investors from credit losses. Mortgage insurance from MGIC also benefits consumers by making affordable low-down-payment mortgages a reality. Bottom line…We put people into homes sooner! #WeAreMGIC
Our headquarters are located in downtown Milwaukee, a place that offers something for everyone with its big-city attractions and small-town atmosphere. MGIC is an nine-time recipient of the Milwaukee Journal Sentinel Top Work Places award. This is an award based on the opinion of our company's greatest asset, our talented and dedicated workforce! We are committed to being an active and positive member of the local Milwaukee community. Along with our co-workers, we support many local initiatives including:
• United Way
• United Performing Arts Fund
• Habitat for Humanity
• Junior Achievement
• Public Television Channel 10/36 Auction
We are proud to be an Equal Opportunity Employer. We maintain a drug-free workplace and perform pre-employment background and substance abuse testing.