Enact Mortgage Insurance
Senior Director, Credit Insurance Risk Management
Enact Mortgage Insurance, Raleigh, North Carolina, United States, 27601
Overview
Senior Director, Credit Insurance Risk Management at Enact Mortgage Insurance. Enact is a leading publicly traded U.S. private mortgage insurance provider focused on helping lenders put more people in homes and keep them there. This role is based in Raleigh, NC with a hybrid schedule and oversees the Bermuda-based business unit. The Senior Director of Credit Insurance Risk Management serves as the Risk Management leader for Enact Re and provides strategic input and oversight of credit and counterparty risk, insurance underwriting risk, portfolio monitoring, and new product development. This position reports to the Executive Vice President & Chief Risk Officer and acts as a key advisor to senior management of Enact Re to ensure a strong Enterprise Risk Management program across the business.
Location Enact Headquarters, Raleigh, NC – Hybrid Schedule
Responsibilities
Active, hands-on development and implementation of foundational risk management frameworks and policies to ensure strong credit and counterparty risk, insurance underwriting risk, and portfolio management capabilities.
Develop qualitative and quantitative assessments for both existing and new business opportunities using internal and external models, analytical tools, and rating models.
Assist in the creation of the Company Risk Appetite and its translation to appropriate underwriting policy limits and guidelines, including exception and approval processes.
Create and document a portfolio management framework that includes defining key data collection elements, key risk indicators, and monitoring reports with assessments of new and emerging risks to the Company and portfolio performance. Ensure compliance within approved limits.
Conduct initial and ongoing credit and counterparty due diligence and risk assessments for insurance and reinsurance counterparties and strategic partners. Develop the required tools and ratings frameworks to ensure consistency and transparency across multiple risk classes.
Develop scenario analysis and stress tests and, based on this analysis, collaborate with supporting business functions to develop appropriate mitigation strategies.
Ensure proper oversight, governance, and compliance with regulatory risk management requirements and industry best practices for a Bermuda-based business unit, including oversight of the preparation and the submission of the Company’s annual Commercial Insurer Solvency Self-Assessment (CISSA) filing.
Prepare and present regular risk assessment and portfolio monitoring reports to senior management, the board of directors, and regulators.
Engage external parties and conduct independent research to learn industry standard techniques and promote innovative approaches to improve the existing suite of analytical tools.
Provide strategic input to influence strategy, offering analytical insights into the risks and opportunities of entering new markets and product lines in support of long-term growth objectives.
Qualifications
Bachelor’s degree in Risk Management, Finance, Business Administration, Actuarial Science, or a related field.
Minimum of 10 years of experience in credit risk management, preferably with oversight of, or direct experience in, credit (re)insurance underwriting within the insurance or reinsurance industry.
Experience with economic, regulatory, and rating agency capital frameworks and development of risk appetite and limits to remain within targeted capital requirements.
Strong knowledge and ability to ensure compliance with regulatory risk management requirements.
Experience in the development and management of enterprise risk management frameworks aligned with insurance industry best practices.
Excellent analytical, problem-solving, and decision-making skills.
Strong leadership and team management abilities with experience developing talent.
Self-motivated and action-oriented, with a strong sense of ownership and the ability to drive initiatives forward with minimal supervision.
Ability to summarize and present analyses to both technical and non-technical stakeholders.
Demonstrated ability to communicate complex information clearly and effectively, including preparing and delivering presentations to senior management and board-level audiences.
Proficiency in financial modeling and analytical software and tools.
Preferred Qualifications
Advanced degree preferred.
Relevant professional certifications in Risk Management, Credit Risk Management, or Actuarial Science designations are a plus.
Company Enact Holdings, Inc. (Nasdaq: ACT), operating primarily through its wholly owned subsidiaries, is a leading publicly traded U.S. private mortgage insurance provider. We enable lenders and partners across the U.S. to help people responsibly achieve and maintain homeownership. Enact is headquartered in Raleigh, North Carolina, and supports a diverse, inclusive culture.
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 (Tues/Wed/Thurs in-office)
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
Equal Employment Opportunity 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, veteran status, disability status, or other legally protected characteristics.
Job Details
Seniority level: Director
Employment type: Full-time
Job function: Finance and Sales
Industries: Insurance
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Senior Director, Credit Insurance Risk Management at Enact Mortgage Insurance. Enact is a leading publicly traded U.S. private mortgage insurance provider focused on helping lenders put more people in homes and keep them there. This role is based in Raleigh, NC with a hybrid schedule and oversees the Bermuda-based business unit. The Senior Director of Credit Insurance Risk Management serves as the Risk Management leader for Enact Re and provides strategic input and oversight of credit and counterparty risk, insurance underwriting risk, portfolio monitoring, and new product development. This position reports to the Executive Vice President & Chief Risk Officer and acts as a key advisor to senior management of Enact Re to ensure a strong Enterprise Risk Management program across the business.
Location Enact Headquarters, Raleigh, NC – Hybrid Schedule
Responsibilities
Active, hands-on development and implementation of foundational risk management frameworks and policies to ensure strong credit and counterparty risk, insurance underwriting risk, and portfolio management capabilities.
Develop qualitative and quantitative assessments for both existing and new business opportunities using internal and external models, analytical tools, and rating models.
Assist in the creation of the Company Risk Appetite and its translation to appropriate underwriting policy limits and guidelines, including exception and approval processes.
Create and document a portfolio management framework that includes defining key data collection elements, key risk indicators, and monitoring reports with assessments of new and emerging risks to the Company and portfolio performance. Ensure compliance within approved limits.
Conduct initial and ongoing credit and counterparty due diligence and risk assessments for insurance and reinsurance counterparties and strategic partners. Develop the required tools and ratings frameworks to ensure consistency and transparency across multiple risk classes.
Develop scenario analysis and stress tests and, based on this analysis, collaborate with supporting business functions to develop appropriate mitigation strategies.
Ensure proper oversight, governance, and compliance with regulatory risk management requirements and industry best practices for a Bermuda-based business unit, including oversight of the preparation and the submission of the Company’s annual Commercial Insurer Solvency Self-Assessment (CISSA) filing.
Prepare and present regular risk assessment and portfolio monitoring reports to senior management, the board of directors, and regulators.
Engage external parties and conduct independent research to learn industry standard techniques and promote innovative approaches to improve the existing suite of analytical tools.
Provide strategic input to influence strategy, offering analytical insights into the risks and opportunities of entering new markets and product lines in support of long-term growth objectives.
Qualifications
Bachelor’s degree in Risk Management, Finance, Business Administration, Actuarial Science, or a related field.
Minimum of 10 years of experience in credit risk management, preferably with oversight of, or direct experience in, credit (re)insurance underwriting within the insurance or reinsurance industry.
Experience with economic, regulatory, and rating agency capital frameworks and development of risk appetite and limits to remain within targeted capital requirements.
Strong knowledge and ability to ensure compliance with regulatory risk management requirements.
Experience in the development and management of enterprise risk management frameworks aligned with insurance industry best practices.
Excellent analytical, problem-solving, and decision-making skills.
Strong leadership and team management abilities with experience developing talent.
Self-motivated and action-oriented, with a strong sense of ownership and the ability to drive initiatives forward with minimal supervision.
Ability to summarize and present analyses to both technical and non-technical stakeholders.
Demonstrated ability to communicate complex information clearly and effectively, including preparing and delivering presentations to senior management and board-level audiences.
Proficiency in financial modeling and analytical software and tools.
Preferred Qualifications
Advanced degree preferred.
Relevant professional certifications in Risk Management, Credit Risk Management, or Actuarial Science designations are a plus.
Company Enact Holdings, Inc. (Nasdaq: ACT), operating primarily through its wholly owned subsidiaries, is a leading publicly traded U.S. private mortgage insurance provider. We enable lenders and partners across the U.S. to help people responsibly achieve and maintain homeownership. Enact is headquartered in Raleigh, North Carolina, and supports a diverse, inclusive culture.
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 (Tues/Wed/Thurs in-office)
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
Equal Employment Opportunity 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, veteran status, disability status, or other legally protected characteristics.
Job Details
Seniority level: Director
Employment type: Full-time
Job function: Finance and Sales
Industries: Insurance
#J-18808-Ljbffr