Radian

Senior Principal, Quantitative Insurance Modeler

Radian

full-time

Posted on:

Location Type: Hybrid

Location: New York CityNew YorkPennsylvaniaUnited States

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Salary

💰 $141,000 - $230,000 per year

Job Level

Tech Stack

About the role

  • Develop and maintain code to support model estimation, implementation, monitoring, and back testing
  • Manipulate and analyze large datasets to identify trends and make recommendations or adjustments to credit and portfolio guidelines
  • Conduct model development and research new methodologies to enhance model performance and accuracy
  • Prepare analytical presentations and communicate strategic business findings and recommendations to management
  • Apply expert knowledge in probability modeling, mathematics, statistics, and econometrics to solve complex business challenges
  • Leverage cloud computing platforms for data analysis and model deployment
  • Collaborate effectively within a team environment
  • Summarize and present key findings and recommendations to both technical and non-technical audiences
  • Conduct catastrophe global risks modeling, including hazard, vulnerability, financial modules, event sets, frequency-severity modeling, loss distributions, and tail risk metrics
  • Perform portfolio and reinsurance structuring: quota share, excess of loss, catastrophe bonds, optimization, pricing, and accumulation management
  • Perform model governance functions: validation, benchmarking, back testing, documentation, audit readiness
  • Ensure adherence to regulatory/capital requirements: Solvency II, IFRS 17, NAIC, ORSA, stress testing

Requirements

  • Master's Degree or Equivalent Experience
  • PHD preferred
  • 10 years of prior work related experience
  • Advanced programming skills for data analysis and modeling (catastrophe, risk modeling)
  • Strong mathematical, statistical, and econometric background
  • Proven ability to analyze data, identify trends, and make sound business recommendations
  • Experience with cloud computing platforms (AWS, Azure, etc.)
  • Excellent communication skills, both written and verbal
  • Ability to work collaboratively in a team setting
  • Experience in financial services, credit risk modeling, or portfolio risk management
  • Demonstrated success in presenting analytical findings to senior management
  • Familiarity with regulatory requirements related to credit and portfolio risk
Benefits
  • 30 days of paid time off annually, prorated in the year of hire based on hire date
  • 9 paid holidays + 2 floating holidays
  • Parental leave for all new parents
  • Multiple medical plan choices, including HSA and FSA options, dental, vision, and basic life insurance
  • 401(k) with a top of market company match, immediately vested
  • Opportunity to participate in Radian’s Employee Stock Purchase Plan (ESPP)
  • Homebuyer Perks program to support home searching, buying, selling, and refinancing processes
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
programmingdata analysismodel developmentprobability modelingmathematicsstatisticseconometricscatastrophe modelingrisk modelingmodel governance
Soft Skills
communicationcollaborationanalytical thinkingpresentation skillsproblem-solving
Certifications
Master's DegreePhD