
Senior Principal, Quantitative Insurance Modeler
Radian
full-time
Posted on:
Location Type: Hybrid
Location: New York City • New York • Pennsylvania • United States
Visit company websiteExplore more
Salary
💰 $141,000 - $230,000 per year
Job Level
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