Credit Modeler

Radian Group Inc. Philadelphia , PA 19107

Posted 3 months ago

Job Description:

The Credit Modeler's primary function is estimating, validating, monitoring and implementing consumer credit models focused on mortgage default and prepayment. This requires the use of statistical and econometric methods within a structural modeling framework while leveraging cloud computing solutions. Models will be applied to estimate mortgage insurance cash flows including claim incidence, claim severity, required capital, expected premium, return on equity, existing mortgage insurance policy attrition, and new insurance policy acquisition. Cash flow valuation of primary mortgage insurance policies, structured mortgage insurance policies, mortgage-backed derivatives, reinsurance and other risk-transfer transactions are also within the position's scope of analysis. Additional responsibilities may include supporting economic scenario simulation, economic capital, portfolio optimization and machine learning.

Primary Duties and Responsibilities

  • Delinquency, default, prepayment, claim severity model estimation and design.

  • Data manipulation and programming in support of model estimation, implementation, monitoring, and back testing.

  • Creation of analytical presentations and communication of strategic business findings to management

  • Analysis and recommendations on alternative credit structures, risk sharing arrangements, and/or non-traditional manners in which to participate and take on credit risk as appropriate and necessary.

  • Data manipulation of large files (in Excel, Access, or SAS datasets) to identify trends and make recommendations and/or adjustments to credit/portfolio guidelines as necessary.

  • Other duties as requested.

Job Specifications

Knowledge, Skills and Abilities:

  • Strong understanding of mortgage delinquency, default, and prepayment modeling.

  • Strong analytical background, along with the ability and willingness to effectively make recommendations on transactions based on sound business judgment.

  • Expert in SAS, proficient in Excel and Access for data analysis.

  • Able to work in a team environment.

  • Able to effectively summarize and communicate relevant findings and other information.

Prior Work Experience and Education:

  • 1 - 3 years of data modeling experience

  • Master's Degree in quantitative field required

EEO Statement

Radian complies with all applicable federal, state, and local laws prohibiting discrimination in employment. All qualified applicants will receive consideration for employment without regard to gender, age, race, color, religious creed, marital status, sexual orientation, national origin, ethnicity, ancestry, citizenship, genetic information, disability, protected veteran status or any other characteristic protected by applicable federal, state, or local law.

If you are a person with a disability and need assistance in the application process please send an e-mail message to

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Credit Modeler

Radian Group Inc.