Radian Group Inc.
Overview
The Data Scientist II, MIRS focuses on estimating, validating, monitoring, and implementing consumer credit models for mortgage default and prepayment. This role uses statistical and econometric methods within a structural modeling framework and leverages cloud computing solutions. Models will estimate mortgage insurance cash flows including claim incidence, claim severity, required capital, expected premium, return on equity, existing mortgage insurance policy attrition, and new insurance policy acquisition. The position requires researching, developing, and recommending changes to existing models and new models. It also covers cash flow valuation of primary mortgage insurance policies, structured mortgage insurance policies, mortgage-backed derivatives, reinsurance, and other risk-transfer transactions. Additional responsibilities may include supporting economic scenario simulation, economic capital, and portfolio optimization. Responsibilities include leveraging machine learning, AI, and econometrics in hybrid model design using Big Data and unstructured data to cultivate and leverage business insights. The position requires the ability to effectively communicate technical findings and recommendations to nontechnical management teams. Primary Duties and Responsibilities
Delinquency, default, prepayment, claim severity model estimation and design Programming in support of model estimation, implementation, monitoring, and back testing Creation of analytical presentations and communication of strategic business findings to management Analysis and recommendations on alternative credit structures, risk sharing arrangements, and/or non-traditional manners in which to participate and take on credit risk as appropriate Data manipulation of large files (R, Python, or SAS datasets) to identify trends and make recommendations and/or adjustments to credit/portfolio guidelines as necessary Model development and methodology research Perform other duties as assigned or apparent Qualifications
Strong understanding of probability modeling Strong analytical background with the ability to make recommendations on transactions based on sound business judgment Knowledge in SAS, R, C++, or Python for data analysis and modeling Experience leveraging AWS-based applications and resources (EC2, EMR, S3, Lambda, Jupyter Notebook, Zeppelin, Spark) is desirable Expert mathematical, statistical, and econometric knowledge Strong understanding of financial analysis of structured mortgage products Experience leveraging cloud computing Ability to work in a team environment Ability to effectively summarize and communicate relevant findings Education and Experience
Degree Requirement: Bachelor’s degree or foreign equivalent and 3 years of experience Degree Preferred: Master’s degree or foreign equivalent and 1 year of experience Work Experience: 3 or more years of prior work-related experience Why You Should Work With Us
Competitive Compensation : base salary from $97,000 to $137,000, based on skills and experience. Eligible to participate in an annual incentive program Rest and Relaxation : 25 days of paid time off annually, 9 paid holidays + 2 floating holidays. Parental leave is offered Company Impact : Recognized for diversity and inclusion initiatives; commitment to diversity and inclusion programs Comprehensive Health Benefits : Multiple medical plan choices, including HSA and FSA options, dental, vision, and basic life insurance Prepare for Your Future : 401(k) with company match and participation in ESPP Homebuyer Perks : Programs to assist with home searching, buying, selling, and refinancing Additional Benefits : Benefits details available on the Benefits Page Application Window : The application period is estimated to be 20 days from the job posting date, which may be shortened or extended. Equal Employment Opportunity : Radian complies with all applicable laws prohibiting discrimination in employment. All qualified applicants will receive consideration without regard to protected characteristics. We also consider qualified applicants with arrest or conviction records in accordance with applicable laws and fair chance ordinances. Accommodation : Radian provides accommodations for applicants during the application and interview process. For questions, please email careers@radian.com.
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The Data Scientist II, MIRS focuses on estimating, validating, monitoring, and implementing consumer credit models for mortgage default and prepayment. This role uses statistical and econometric methods within a structural modeling framework and leverages cloud computing solutions. Models will estimate mortgage insurance cash flows including claim incidence, claim severity, required capital, expected premium, return on equity, existing mortgage insurance policy attrition, and new insurance policy acquisition. The position requires researching, developing, and recommending changes to existing models and new models. It also covers cash flow valuation of primary mortgage insurance policies, structured mortgage insurance policies, mortgage-backed derivatives, reinsurance, and other risk-transfer transactions. Additional responsibilities may include supporting economic scenario simulation, economic capital, and portfolio optimization. Responsibilities include leveraging machine learning, AI, and econometrics in hybrid model design using Big Data and unstructured data to cultivate and leverage business insights. The position requires the ability to effectively communicate technical findings and recommendations to nontechnical management teams. Primary Duties and Responsibilities
Delinquency, default, prepayment, claim severity model estimation and design Programming in support of model estimation, implementation, monitoring, and back testing Creation of analytical presentations and communication of strategic business findings to management Analysis and recommendations on alternative credit structures, risk sharing arrangements, and/or non-traditional manners in which to participate and take on credit risk as appropriate Data manipulation of large files (R, Python, or SAS datasets) to identify trends and make recommendations and/or adjustments to credit/portfolio guidelines as necessary Model development and methodology research Perform other duties as assigned or apparent Qualifications
Strong understanding of probability modeling Strong analytical background with the ability to make recommendations on transactions based on sound business judgment Knowledge in SAS, R, C++, or Python for data analysis and modeling Experience leveraging AWS-based applications and resources (EC2, EMR, S3, Lambda, Jupyter Notebook, Zeppelin, Spark) is desirable Expert mathematical, statistical, and econometric knowledge Strong understanding of financial analysis of structured mortgage products Experience leveraging cloud computing Ability to work in a team environment Ability to effectively summarize and communicate relevant findings Education and Experience
Degree Requirement: Bachelor’s degree or foreign equivalent and 3 years of experience Degree Preferred: Master’s degree or foreign equivalent and 1 year of experience Work Experience: 3 or more years of prior work-related experience Why You Should Work With Us
Competitive Compensation : base salary from $97,000 to $137,000, based on skills and experience. Eligible to participate in an annual incentive program Rest and Relaxation : 25 days of paid time off annually, 9 paid holidays + 2 floating holidays. Parental leave is offered Company Impact : Recognized for diversity and inclusion initiatives; commitment to diversity and inclusion programs Comprehensive Health Benefits : Multiple medical plan choices, including HSA and FSA options, dental, vision, and basic life insurance Prepare for Your Future : 401(k) with company match and participation in ESPP Homebuyer Perks : Programs to assist with home searching, buying, selling, and refinancing Additional Benefits : Benefits details available on the Benefits Page Application Window : The application period is estimated to be 20 days from the job posting date, which may be shortened or extended. Equal Employment Opportunity : Radian complies with all applicable laws prohibiting discrimination in employment. All qualified applicants will receive consideration without regard to protected characteristics. We also consider qualified applicants with arrest or conviction records in accordance with applicable laws and fair chance ordinances. Accommodation : Radian provides accommodations for applicants during the application and interview process. For questions, please email careers@radian.com.
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