At Enact Mortgage Insurance (Nasdaq: ACT), 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.
We’re looking for an Actuarial Leader in Raleigh, NC to join us in fulfilling our mission, while utilizing our values of excellence, improvement, and connection. In this role, you will report to the Chief Actuary and manage/support the process for valuing reserves. The ideal candidate is a strong communicator, self-motivated, detailed-oriented, and a highly organized individual who is capable of handling multiple tasks simultaneously while maintaining a high-quality work product. This position requires interactions with multiple functions, data analysis, strong understanding of company processes, utilizing accepted actuarial standards and methodologies, and incorporating knowledge gained through on-the-job experience for continual evaluation and improvement of the reserving process.
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 (shared in-office days Tuesdays – Thursdays)
- 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
LOCATION
Enact Headquarters, Raleigh, NC – hybrid schedule
WHAT YOU WILL BE DOING
Manages and supports actuarial function in valuing reserves for the mortgage insurance product line
Applies traditional actuarial reserving techniques to assess reserves and conduct reviews of loss results, past and current trends to project future losses
Lead, coach, and develop a small team of high performing actuaries. Work with each team member to deliver high quality work within their core responsibilities, continually learn about our business and industry, and expand beyond the scope of their current roles
Develops internal and external communications, including interactions with regulatory authorities and management that will describe and support reserve changes
Supports the development/design of new models for reserving and forecasting purposes
Displays proficient ability to analyze SAS datasets and modeling results and test for possible data biases and errors
Creates and reviews documentation procedures and policy documents that ensure transparent and cohesive reserving process
Incorporates and shares best practices regarding reserving models, techniques, and research with other functions within Enact
Responds to questions from senior leadership, auditors, consultants, and other interested parties
WHAT YOU BRING
Bachelor’s degree in actuarial science, mathematics, statistics, or related field
Fellow of the Casualty Actuarial Society (FCAS)
7+ years in finance, risk, or actuarial functions, mostly focused on reserving.
Excellent communications skills, particularly in a collaborative cross-functional team environment including senior leaders
Strong planning, vision setting, and organizational skills with an ability to outline initiatives and develop priorities in support of that vision.
Critical thinking and critical thinking skills
Proficient ability to analyze data and develop recommendations
Attention to detail, strong focus on accuracy and ability to review actuarial processes
PREFERRED QUALIFICATIONS
Experience with machine learning and predictive modeling
Computer programming knowledge (such as SAS, VBA, or other programming language)
Previous leadership experience
COMPANY
Enact is a leading publicly traded U.S. private mortgage insurance provider, offering 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, and DEI remains at the forefront of what we do. We strive to create an environment where employees can bring their full, authentic selves to work to help each other and their customers.
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.
