Actuarial Analyst

Why work at MGIC?
Are you someone who wants to play a critical role in our company’s success? Do you enjoy solving puzzles and finding a better way to get things done? Are you someone who likes to Take The Lead and make an impact? If so, then imagine yourself at MGIC. At MGIC we are a team of dedicated professionals on a fearless mission. A team that fosters a culture of career development and continuous learning opportunities to help you rise to new heights. We are passionate about providing outstanding customer service and making a difference in our community. #WeAreMGIC

PURPOSE

Researches, analyzes, and interprets pricing models to provide indicated pricing. Create recommendations for future development, focusing on meeting corporate standards and customer needs.

PRIMARY DUTIES AND RESPONSIBILITIES

The following statements describe the general nature of work performed by people assigned to this job, may not be performed by all incumbents, and are not intended to be a complete list of all job duties.

• Recommend changes to pricing using models and internal and external data sources.
• Analyze components of pricing indications for further refinement and appropriate reflection of available data.
• Improve the reasonability of pricing through continual structural assessments.
• Measure market response to price changes across segments.
• Responsible for analysis and understanding of correlations between risk characteristics and the implications to pricing.
• Make recommendations regarding rate analysis and process improvements.
• Maintain accurate documentation on analyses performed.
• Responsible for organizing and maintaining file structures related to actuarial analyses.
• Engage with other teams regarding model development and pricing needs as well as pricing results.

EXPERIENCE / BACKGROUND

Education:    Completion of a Bachelor’s degree with emphasis in finance, economics or math.  Completion of two to five actuarial exams (or MBA) preferred.     

• Understanding of insurance rate-making and financial analysis
• Demonstrated use of Microsoft Excel and programming languages (e.g., SAS, R, Python, SQL, etc.)
• Ability to tell a story visually using tools such as Tableau or Excel
• Prior use or knowledge of mortgage analytics models and approaches
• Experience with reinsurance and financial enterprise risk management

• Demonstrated ability to communicate sensitive information, both verbally and in writing

Pay Range:

This range aligns with current market data and reflects our commitment to competitive and equitable compensation. Salary offers are based on factors such as experience, skills, education, and training. The range may vary in certain locations to reflect local market conditions. It is not typical to initiate pay at the top of the range to account for internal equity and allow for future and continued salary growth

Enjoy these benefits from day one:
• Competitive Salary & pay-for-performance bonus
• Financial Benefits (401k with company match, profit sharing, HSA, wellness program)
• On-site Fitness Center and classes (corporate office)
• Paid-time off and paid company holidays
• Business casual dress

For additional information about MGIC and to apply, please visit our website at www.mgic.com/careers.

Note to all recruitment agencies:
MGIC does not accept unsolicited agency resumes. Any unsolicited resumes sent to MGIC, directly or indirectly, will be considered MGIC property. MGIC is not responsible for any agency fees associated with unsolicited resumes. A recruiting agency must have a valid, written and fully executed agency agreement to assist with a requisition.