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Credit Modeler II

See yourself at Radian? We see you here too.

At Radian, we see you. For the person you are and the potential you hold. That’s why we’ve embraced a new way of working that lets our people across the country be themselves, be their best and be their boldest. Because when each of us is truly seen, each of us gives our best – and at Radian, we’ll give you our best right back.

Primary function is to serve as a model builder, programmer, and data analyst supporting modeling of underlying loan delinquency, default, and prepayment/MI attrition. Models will be applied to estimate mortgage insurance claim arrival, claim severity, existing mortgage insurance policy attrition, and new insurance policy acquisition. Cash flow valuation of both primary mortgage insurance policies and structured mortgage insurance policies are also within the position’s scope of analysis.

See Yourself as a Credit Modeler II

The Credit Modeler II’s primary function is estimating, validating, monitoring and implementing consumer credit models focused on mortgage default and prepayment. This requires the use of statistical and econometric methods within a structural modeling framework while leveraging cloud computing solutions. Models will be applied to 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 the Credit Modeler II to research, develop and make recommended changes to existing models and new models. Cash flow valuation of primary mortgage insurance policies, structured mortgage insurance policies, mortgage-backed derivatives, reinsurance and other risk-transfer transactions are also within the position’s scope of analysis. 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 managements teams.

See the 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 and necessary.

Data manipulation of large files (Python, C++, or SAS datasets) to identify trends and make recommendations and/or adjustments to credit/portfolio guidelines as necessary.

Model development and methodology research

Other duties as requested.

See the Job Specifications

Your Knowledge:

Expert understanding of mortgage delinquency, default, prepayment and loss given default modeling. Expert mathematical, statistical and econometric understanding.

Strong analytical background, along with the ability and willingness to effectively make recommendations on transactions based on sound business judgment.

Expert 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.

Your Skills and Abilities:

Expert in SAS, R, or python and proficient in Excel for data analysis.

Experience leveraging cloud computing.

Able to work in a team environment.

Able to effectively summarize and communicate relevant findings and other information.

Prior Work Experience

Technical: 3 - 5 years

Education and Credentials

Required: Master’s Degree, Concentration in Quantitative Field

See Your Location

Radian is committed to a flexible work environment for many of our roles. This role is hybrid and will provide you the flexibility to work both in office and at your designated *Work From Anywhere* location each week.

*Work From Anywhere is subject to Radian’s Alternative Work Policy and business needs

See Why You Should Work With Us

Competitive Compensation: Competitive Compensation: anticipated base salary from $95,000 to $147,250 based on skills and experience. This position is eligible to participate in an annual incentive program.

Our Company Makes an Impact. We’ve been recognized by multiple organizations like Bloomberg’s Gender-Equality Index, HousingWire’s Tech 100, and The Forum of Executive Women’s Champion of Board Diversity. Radian has also pledged to PwC’s CEO Action for Diversity & Inclusion commitment.

Rest and Relaxation. Generous time off starting day one, 9 paid holidays + 1 floating holiday in support of our DEI culture.

Health Benefits. Multiple medical plan choices, including HSA and FSA options, dental, and vision.

Prepare for your Future. 401(k) with a top of market company match (did we mention the company match is immediately vested?!)

Paid Parental Leave. An opportunity for all new parents to embrace this exciting change in their lives.

Employee Assistance and Discount Programs. From helping you navigate the healthcare system, to providing resources and assistance to parents and caregivers of children with development disabilities, to scoring discounts with thousands of retailers.

Pet Insurance. To help protect our furry family members.

See More About Radian

Radian is a fintech servicing the mortgage and real estate services industry. As a team, we pride ourselves on seeing the potential of every person, every idea and every day.

Seeing each other at Radian goes far beyond our open, flexible culture. It means seeing our people’s potential – and creating inspiring career paths that help them get there. Or seeing new pathways and innovating for the future of our industry. It means seeing each other for all that we are. And it means seeing our purpose as one that extends beyond the bottom line – having an impact on communities across the country to help more people achieve the American Dream of homeownership.

We hope you’ll see yourself at Radian. See more about us at Radian.com.

Defining Roles for Radian's Future

Understanding the qualities and characteristics that define a Leader and an Employee is important to building our future-fit workforce. Radian's future is only as bright as its people. For that reason, our People Plan includes profiles to support the qualities and characteristics that each Leader as well as each Employee should embody upon hire or via development.

EEO Statement

Radian complies with all applicable federal, state, and local laws prohibiting discrimination in employment. All qualified applicants will receive consideration for employment without regard to gender, age, race, color, religious creed, marital status, gender identity, sexual orientation, national origin, ethnicity, ancestry, citizenship, genetic information, disability, protected veteran status or any other characteristic protected by applicable federal, state, or local law.

Equal Opportunity Employer Details

Accommodation

Whether you require an accommodation for the job application or interview process, Radian is dedicated to a barrier-free employment process and encourages a diverse workforce. If you have questions about the accommodation process, please e-mail careers@radian.com.
Company
Radian
Posted
07/25/2022
Salary Range
$76,000.00 - $141,000.00
per Year
Salary range estimated by
salary estimation provided by zippia
Location
New York, NY, US