YOUR ROLE
We have a great opportunity for a Reinsurance Underwriter and Deal Manager who will be responsible for onboarding new assumed reinsurance opportunities, including deal prospecting, structuring, pricing, review contracts, regulatory approval, client interaction, and deal monitoring and reporting. The role will also support Enact’s existing ceded reinsurance program designed for capital flexibility and volatility protection.

YOUR RESPONSIBILITIES
Reinsurance Onboarding, Execution, Implementation, and Reporting:

• Liaise with legal, risk, finance, operations, and IT to assess, price, onboard, and manage GSE CRT deals, as well as other third party assumed reinsurance opportunities within our risk appetite.
• Work with internal business partners (legal, risk, finance, operations, and IT), reinsurance brokers, and third party cedants to assess, price, onboard, manage, and report on new and existing opportunities. This includes GSE CRT deals, as well as other third party assumed reinsurance opportunities within our risk appetite.
• Develop business case and materials to support underwriting decisions. Prepare executive level presentations to guide business strategy decisioning and reporting
• Leverage third-party analytics tools like Milliman's M-PIRE model and other tools to support underwriting evaluation of new assumed reinsurance opportunities.
• Work within the Capital Markets team and cross-functionally to assess requirements, and business readiness to participate GSE credit risk transfer offerings as well as other US and international opportunities

Ceded Reinsurance Execution, Implementation, and Reporting:

• Support Enact’s existing Credit Risk Transfer program through its ceded reinsurance programs that seeks to maximize capital flexibility and volatility protection across both traditional reinsurance and insurance linked notes.
• Work closely with bankers, reinsurance brokers, outside counsel, GSEs, and rating agencies for deal execution.
• Lead cross functional team (legal, finance, risk, IT) to support deal execution, monitoring and reporting.
• Develop underwriting submission materials for new risk-off transaction opportunities; prepare presentations for senior leadership and reinsurance market investors
• Develop, execute, and operationalize reinsurance protocols including accounting systems, risk transfer assessment, contract and legal considerations, reinsurer due diligence, GSEs and NC DOI approvals, and reinsurance market interactions.

Support Capital Markets Team:

• Manage and improve current processes and infrastructure supporting capital markets

YOUR QUALIFICATIONS

• Perform as a strong team player in an empowering and fast-paced environment, embracing integrity, agility, connection, excellence, and improvement.
• Demonstrated ability to lead multiple cross functional projects that require significant collaboration with minimal supervision. Strong project management, planning and organizational skills with an ability to outline initiatives, develop priorities, and execute
• Demonstrated experience originating, structuring, analyzing, pricing, and obtaining business support for complex transaction structures, reinsurance agreements, securitized products, captives, legal entities, etc. Understanding ILS and reinsurance market dynamics a plus
• In-depth knowledge of mortgage finance performance drivers
• Strong analytical and problem-solving skills required with the proven ability to effectively develop and communicate in-depth analysis, including financial modeling, cash flow modeling, and demonstrated expertise in MS Office Suite including Excel and PowerPoint.
• Excellent communication skills both written and verbal
• Ability to work extended hours as business dictates, and travel as needed (10-15%)
• Excellent interpersonal and relationship building skills to work effectively with external business partners and across all areas of the business

EDUCATION & EXPERIENCE

• 5+ years of working experience in finance, pricing, deal structuring, and deal underwriting
• Bachelor’s degree or higher, preferably with focus in Finance, Business or related area
• MBA or CFA preferred
• Financial and cash flow modeling skills
• Proven problem-solving, conceptual thinking, and analytical abilities
• Strong process improvement and project management abilities

WHY WORK AT ENACT

• We have a real impact on the lives of the people we serve
• We work on challenging and rewarding projects
• We give back to the communities where we live
• We offer competitive benefits including:

o Medical, Dental, Vision, Flexible Spending Account options beginning your first day
o Generous Choice Time Off policy
o 12 Paid Holidays
o 40 hours of volunteer time off
o 401K Account with matching contributions
o Tuition Reimbursement and Student Loan Repayment
o Paid Family Leave
o Child Care Subsidy Program

COMPANY
Enact, operating principally through its wholly-owned subsidiary Genworth Mortgage Insurance Corp. since 1981, is a leading U.S. private mortgage insurance provider committed to helping more people achieve the dream of homeownership. Building on a deep understanding of lenders’ businesses and a legacy of financial strength, we partner with lenders to bring best-in class service, leading underwriting expertise, and extensive risk and capital management to the mortgage process, helping to put more people in homes and keep them there. 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. Enact is headquartered in Raleigh, North Carolina.

Through our values of Excellence, Improvement and Connection, the Enact team delivers on our mission to help more people realize the dream of homeownership. The positive impact we can have on our world inspires us to go the extra mile. We look at the bigger picture, always considering our customers’ processes and their borrowers’ experience. We work hard to anticipate all the effects our actions might have. That can make our work challenging, and also satisfying. Are you the kind of person who’s always anticipating your customers’ needs? Always one step ahead, ready to catch that unexpected curveball? If so, you could thrive with us.

We are proud to be an equal opportunity employer and all hiring decisions are based on merit, qualifications, and business need. 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.