Actuarial Manager

At Enact Mortgage Insurance (Nasdaq: ACT), we understand that there is 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 Actuary Leader to join us in fulfilling our mission, while utilizing our values of excellence, improvement, and connection. This role reports to the Enact Chief Actuary and is responsible for managing and supporting 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 has two direct reports and requires interactions with multiple functions, data analysis, a strong understanding of company processes, and utilizes accepted actuarial standards, methodologies, and knowledge gained through on the job training 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:

• 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

Remote or Hybrid Schedule in the Enact Headquarters, Raleigh, NC

YOUR RESPONSIBILITIES

• 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

• Leads, coaches, and develops a small team of high performing actuaries. Works with each team member to deliver high quality work within their core responsibilities

• 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 data biases and errors

• Creates and reviews documentation procedures and policy documents to ensure a 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

YOUR QUALIFICATIONS

• 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 problem-solving skills

• Proficient ability to analyze data and develop recommendations

• Attention to detail, strong focus on accuracy and ability to review actuarial processes

ADDITIONAL QUALIFICATIONS

• Experience with machine learning and predictive modeling

• Computer programming knowledge (such as SAS, VBA, or other programming languages)

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.