Senior Director, Credit Insurance Risk Management

Senior Director Of Credit Insurance Risk Management

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 a Senior Director of Credit Insurance Risk Management in Raleigh, NC to join us in fulfilling our mission, while utilizing our values of excellence, improvement, and connection. In this role, you will lead the oversight of our Bermuda-based business unit. You will serve as the Risk Management leader for Enact Re and take a hands-on approach to develop foundational risk management capabilities and provide strategic input and oversight of credit and counterparty risk, insurance underwriting risk, portfolio monitoring, and new product development. You will also be required to provide Risk Management reporting to senior management, the Board of Directors, and the Bermuda Monetary Authority. This role reports to the Executive Vice President & Chief Risk Officer of Enact and serves as a key advisor to the senior management of Enact Re in ensuring a strong Enterprise Risk Management program across the business.

Enact Headquarters, Raleigh, NC Hybrid Schedule

Your Responsibilities

• Active, hands-on development and implementation of foundational risk management frameworks and policies to ensure strong credit and counterparty risk, insurance underwriting risk, and portfolio management capabilities.
• Develop qualitative and quantitative assessments for both existing and new business opportunities using internal and external models, analytical tools, and rating models.
• Assist in the creation of the Company Risk Appetite and its translation to appropriate underwriting policy limits and guidelines, including exception and approval processes.
• Create and document a portfolio management framework that includes defining key data collection elements, key risk indicators, and monitoring reports with assessments of new and emerging risks to the Company and portfolio performance. Ensure compliance within approved limits.
• Conduct initial and ongoing credit and counterparty due diligence and risk assessments for insurance and reinsurance counterparties and strategic partners. Develop the required tools and ratings frameworks to ensure consistency and transparency across multiple risk classes.
• Develop scenario analysis and stress tests and, based on this analysis, collaborate with supporting business functions to develop appropriate mitigation strategies.
• Ensure proper oversight, governance, and compliance with regulatory risk management requirements and industry best practices for a Bermuda-based business unit, including oversight of the preparation and the submission of the Company's annual Commercial Insurer Solvency Self-Assessment (CISSA) filing.
• Prepare and present regular risk assessment and portfolio monitoring reports to senior management, the board of directors, and regulators.
• Engage external parties and conduct independent research to learn industry standard techniques and promote innovative approaches to improve the existing suite of analytical tools.
• Provide strategic input to influence strategy, offering analytical insights into the risks and opportunities of entering new markets and product lines in support of long-term growth objectives.

Your Qualifications

Preferred Qualifications

Company

Enact Holdings, Inc. (Nasdaq : ACT), operating primarily through its wholly owned subsidiaries, 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 prosperous 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.

Why Work At Enact