Credit Risk Analyst
Not Disclosed•Full-TimeHybrid
location_on494, East Cabarrus Street, Warehouse District, Raleigh, Wake County, North Carolina, 27601, United States
About Enact
At Enact, we understand that there's no place like home. That's why we bring our deep expertise, insightful offerings, and extra mile service to work every day to help lenders put more people in homes and keep them there.
Enact Holdings, Inc. (Nasdaq: ACT) is a leading publicly traded U.S. private mortgage insurance provider. We offer borrower-centric products that enable lenders and other partners across the U.S. to help people responsibly achieve and maintain the dream of homeownership. By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way.
Headquartered in Raleigh, North Carolina, we play an active role in supporting a healthier Triangle community. We also support our colleagues' philanthropic efforts in their home communities across the U.S. Enact values all perspectives, characteristics, and experiences, along with providing a positive and inclusive culture for employees to grow and succeed. We strive to create an environment where employees can bring their full, authentic selves to work to help each other and their customers.
About the Role
We are looking for a Credit Risk Analyst to join us in fulfilling our mission, while utilizing our values of excellence, improvement, and connection. In this role, you will provide insights and expertise in model development and quantitative analysis of credit risk across primary and structured credit insurance opportunities. You are responsible for helping Enact succeed in its targeted acquisition, management, and distribution of credit risk strategy.
Success in this role requires a blend of strong analytical skills, a desire to collaborate with others, and effective communication. You will work on challenging and rewarding projects, bringing innovative thinking to the situations at hand while seeking out and incorporating diverse views to strengthen our outcomes.
Location & Work Model
This position is based at Enact Headquarters in Raleigh, NC, with a hybrid schedule. The in-office days are Tuesday, Wednesday, and Thursday.
Equal 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, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Work location
Work model: Hybrid
494, East Cabarrus Street, Warehouse District, Raleigh, Wake County, North Carolina, 27601, United States
Raleigh, North Carolina
Key Responsibilities
- check_circleAssist in the development of probability of default, loss given default, and exposure models
- check_circleMonitor model performance against actual loss experience to inform future improvements
- check_circleCollaborate with IT teams to develop interfaces and tools for underwriters
- check_circlePerform stress testing across multiple collateral types using models and loss distributions
- check_circleCollaborate on designing strategies for risk acquisition and distribution
- check_circleReview and validate external models against Enact's Model Risk Framework
- check_circleIncorporate internal and external models into Enact's data and modeling architecture
- check_circleDesign and compute analytics to support capital management strategies and risk appetite
- check_circleRun developed models to assess new business and portfolio performance quantitatively
Requirements
- verifiedBachelor's degree in actuarial science, statistics, financial mathematics, or related field
- verified3+ years of quantitative experience with credit data and risk models
- verifiedExperience using statistical or machine learning to model frequency and severity of losses
- verifiedExperience developing, testing, diagnosing, and documenting risk models
- verifiedExperience creating reproducible workflows with version-controlled code
- verifiedProficiency in Python or R for data manipulation and analysis
Nice to Have
Master's degree or equivalent in actuarial science, statistics, financial mathematics, or a related field. Experience building interactive data applications with tools such as Streamlit or Shiny. Experience in developing credit risk frameworks, underwriting guidance, and pricing strategies. Experience with cashflow modeling and financial metrics such as return on equity. Experience with structured credit risk transfer transactions.
Benefits & Perks
check_circleHybrid work schedule with in-office days on Tuesdays, Wednesdays, and Thursdayscheck_circleGenerous Time Offcheck_circle40 Hours of Volunteer Time Offcheck_circleTuition Reimbursement and Student Loan RepaymentPaid Family Leave
