How will you make an impact? (role and responsibilities)
Optimize pricing and recommend changes to enhance economic value or address changes in competitive landscape using internal and external models and data sources.
Analyze components of pricing indications for further refinement and appropriate reflection of available data
Improve MGIC’s understanding of economic value through continual model improvement
Assess sensitivity of market response to price changes across segments
Responsible for analysis and understanding of correlations between risk characteristics and the implication to modeling results.
Maintains accurate documentation on analyses performed.
Makes recommendations to the actuarial team regarding rate analysis and process improvements.
Responsible for organizing and maintaining file structures related to actuarial analyses.
Do you have what it takes? (requirements)
Education: Completion of a Bachelor’s Degree with emphasis in finance, economics or math. Completion of four to six actuarial exams (or MBA) strongly preferred.
5 years advanced work
For analysis of moderate complexity requires general direction, defines necessary tasks to achieve outcomes
Performs analysis of high complexity/advanced nature with limited oversight
High level of business knowledge; project work involves several layers of thinking and impacts multiple areas
High level of knowledge in actuarial procedures and analytical techniques
Required Knowledge and Skills:
Risk management principles and concepts
Residential mortgage industry and role of mortgage insurance
Prior use or knowledge of mortgage analytics models and approaches
Risk information resources, technology and systems
Data analytics, reporting and data analysis tools
Project management principles
Demonstrated programming skills (e.g., SAS, R, Python, SQL, etc.) and use of Microsoft Excel
Skilled with tools to visually present data analysis such as Tableau or AWS
Understanding of insurance rate-making and financial analysis
Experience with reinsurance and financial enterprise risk management
Think and act strategically
Financial analysis and data manipulation, to structure problems, draw conclusions and make recommendations
Ability to model problems using a variety of software and databases
Demonstrated ability to communicate sensitive information, both verbally and in writing
Ability to present results and recommendations effectively
Internal Number: R990
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.