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 skilled and experienced Senior Credit Risk Modeling Manager in Raleigh to assess, model, and price its growing reinsurance business. This individual contributor role involves modeling, analyzing, structuring, pricing, and managing risk. You will collaborate closely with teams to shape credit products and influence key decisions by tackling complex problems and delivering meaningful results. You are responsible for helping Enact succeed in its long-term growth strategy. Success in this role requires a blend of strong analytical skills, financial acumen, insurance and credit risk modeling expertise, and effective communication.

LOCATION

Enact Headquarters, Raleigh, NC – Hybrid Schedule

YOUR RESPONSIBILITIES

• Build quantitative frameworks to assess credit risk, expected performance, loss emergence, capital usage, and deal-level economics across transaction types.

• Apply statistical, stochastic, and scenario-based modeling techniques to evaluate collateral performance, ratings migration, macroeconomic trends, and stress outcomes.

• Develop, enhance, and maintain pricing, exposure, and portfolio risk models for reinsurance transactions and emerging business opportunities.

• Design and execute scenario, sensitivity, stress testing, and what-if analyses to support underwriting decisions, capital management, and portfolio risk limits.

• Align modeling assumptions, pricing approaches, and risk outputs with internal standards, regulatory requirements, rating agency views, and model risk governance expectations.

• Evaluate, validate, and improve internal and external models to ensure they are fit for use under Enact’s Model Risk Framework.

• Analyze transaction and portfolio performance data to identify key risk drivers, emerging trends, concentration risks, and actionable business insights.

• Partner with Underwriting, Finance, Actuarial, Risk, Operations, IT, and leadership teams to gather data, interpret model results, and translate analytics into business recommendations.

• Clearly document model assumptions, limitations, risks, controls, and confidence levels to support transparency, repeatability, and governance.

• Present concise, decision-ready modeling insights and recommendations to technical and non-technical stakeholders, including senior leadership.

YOUR QUALIFICATIONS

• Bachelor’s degree in financial mathematics, actuarial science, statistics, or related field

• 7+ years of quantitative experience working with performance data and building risk models in insurance, reinsurance, or finance

• Experience developing, testing, and documenting quantitative frameworks and risk models

• Knowledge of stochastic modeling concepts and application

• Experience working with capital modeling, financial cashflows and financial metrics

• Exceptional quantitative, analytical, and organizational skills

• Proven ability to take independent ownership of projects and deliver results under tight deadlines

• Strong communication, presentation, and collaboration skills that allow for collaboration and at all levels within the organization, including senior management

PREFERRED QUALIFICATIONS

• Advanced degree, CFA, FRM, or actuarial designation preferred

• Experience in developing risk frameworks, underwriting guidance, and pricing strategies

• Experience with structured credit both in single name and portfolio form

• Proficiency in data manipulation and analysis via SQL and Excel or a programming language such as Python, R, SAS or similar

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.

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 Tues/Wed/Thurs)

  • 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

* This role is not eligible for employment visa sponsorship.