Free Classified Ads in US on Craigslist Categories & Regions

Director, Statistical Modeling buy in US, Free Classifieds Ads

Company Name:
American International Group
United Guaranty Corporation has an opportunity for a Director, Statistical Modeling in North Carolina (either Greensboro, Charlotte or Raleigh). The primary responsibility is to lead and manage a team of statistical/actuarial analysts to design and develop statistical models used for mortgage insurance and whole loan pricing and for forecasting the performance of mortgage insurance portfolios. Must be able to conduct simulation and stochastic modeling of insurance problems.
Job Functions/Responsibilities:
Lead design and development of models of claim frequency, claim severity, loan prepayment for 1st lien mortgage insurance, incorporating loan level information, UGC''s proprietary geographic quality index data, the historical mortgage insurance underwriting cycle, etc.
Responsibilities include both pricing and forecasting models.
Work closely with the VP Statistical Modeling to design and develop models of severity and default and prepayment events for whole loans targeted for purchase by Connective Mortgage Advisory Company, incorporating both loan-level information and macroeconomic variables.
Provide technical leadership and support to pricing actuaries and statistical analysts at UGC or from other AIG affiliate companies in their data-mining or modeling efforts. Perform peer-review of modeling work done outside of the Modeling Group.
Serve as a primary source of technological/modeling expertise within the UGC Risk and Actuarial departments. Stay current with insurance and mortgage modeling techniques through independent reading and through interaction with other modeling experts within AIG. Disseminate such information as needed to UGC technical teams.
Explain technical details of models and their output and other analytical findings to senior management, rate filing examiners, AIG ERM, UGC pricing actuaries, and to other teams within UGC as well as across AIG companies when necessary. Advanced degree ( M.S., PH.D.) in a highly technical/quantitative discipline, such as Statistics, Mathematics, Operations Research, Economics, Engineering, or Computer Science,
5 - 8 years of applicable statistical experience with strong knowledge in Survival Analysis, Multinomial Logistic Regression, Generalized Linear Models, Discrete-Time Stochastic Process, Monte-Carlo Simulations in the context of credit risk modeling. Actuarial designation (ACAS or FCAS) beneficial but not required.
Knowledge of statistical techniques including sampling theory, regression, confidence intervals, Monte-Carlo simulations and stochastic modeling.
Attention to detail and high level of accuracy in work product.
Advanced Programming Skills in SAS (especially, experience in dealing with large-scale dataset such as mortgage loan-level dataset) and strong Excel/VBA programming skill, familiar with C/C++.
Some management experience preferred.
Ability to make clear and effective written and oral presentations to customers and company executives and project managers.
Ability to work on multiple projects simultaneously, anticipate necessary effort and difficulty and adhere to mutually agreed upon schedules.
Ability to work independently without close supervision.
Ability to perform research on relevant topics and synthesize and incorporate findings.
Ability to achieve cooperation of others with little management intervention. About United Guaranty
United Guaranty Corporation and its subsidiaries provide innovative, quality risk solutions that help mortgage lenders remain competitive while generating a profitable and responsible book of business for their stakeholders. Products include first-lien private mortgage insurance - most notably Performance Premium, our industry-leading risk-based pricing option - and a suite of loan analysis and risk management tools. Distribution channels include national and regional mortgage bankers, credit unions and community banks, and builder-owned and Internet-sourced lenders. United Guaranty was established in Greensboro, North Carolina, in 1963 and has been a company of American International Group, Inc. (AIG) since 1981.
Job ID #: 97303
Employment Type: Full Time - Permanent
Location(s): NC-Greensboro; NC-Charlotte; NC-Raleigh
Education Preferred: PhD (or equivalent)
Business Unit: UGC
Relocation Provided: Yes
Functional Area: Actuarial
Travel Percentage: 0% - Free Classified Ads in US on Craigslist