Associate Economist

Position:                      Associate Economist

Location:                     Wayne, PA

Description of work to be performed:

Provide analytical support on Micro and Macro economic projections that inform strategic decisions. Evaluate potential improvements to mortgage modeling, economic scenario simulation, cost of capital modeling, economic capital, and risk appetite. Support analysis of metro-level economic conditions focusing on employment and housing impacts from changes in policy, consumer culture, and macro-economic forces. Assist with the development and maintenance of metro-level fundamental home price valuation, market home price valuation, and unemployment econometric models. Monitor macro-economic forecasting accuracy and identify potential areas of improvement. Responsible for researching and proposing potential improvements to micro and macro-economic concepts for the statistical mortgage modeling team. Research economic impacts of climate risk on home prices and unemployment at a metro level. Perform other duties as assigned or apparent.

Qualifications / Requirements:

Master’s degree, or foreign degree equivalent, in Econometrics, Quantitative Finance, Numerical Finance and 1 year of related experience. Course work must include at least 5 of the following 7 Multivariate Calculus, Differential Equations, Linear Algebra, Statistic Inference, Probability, Macro Economics, Econometrics, or course equivalents based on the course catalogue of the academic institution. Coursework may be accepted from either the applicant’s bachelor’s or master’s degree program. The position also requires experience with all of the following:   1 year of experience with econometric time series and auto regressive modeling techniques; 1 year of experience with Micro and Macro Economics; 1 year of experience conducting industry analysis; 1 year of experience evaluating consumer credit; 1 year of experience with probability modeling; 1 year of experience with economic data and sources; 1 year of experience with Python for data analysis, mining, and modeling. Telecommuting Permitted, when not telecommuting, employee is expected to be in office at the Wayne, PA office address. <10% travel required. Travel would be national/domestic only. The employee would be required to travel two (2) times per year, for a total of less than five (5) days. Additionally, the purpose of the travel would be for professional development as well as attending team meetings. 40 hrs/wk, 8:00am-5:00pm, M-F, $129,625.00 per year.

Radian Guaranty Inc. will only employ those who are legally authorized to work in the United States for this opening. Any offer of employment is conditioned upon the successful completion of a background check and drug screen (as applicable).

https://careers.radian.com/us/en

REQ - R20250108

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Defining Roles for Radian's Future

Understanding the qualities and characteristics that define a Leader and an Employee is important to ​building our future-fit workforce. Radian's future is only as bright as its people. For that reason, our People Plan includes profiles to support the qualities and characteristics that each Leader as well as each Employee should embody upon hire or via development.

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, gender identity, 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.

An applicant’s criminal history may have a direct, adverse, and negative relationship with some of the material job duties of this position.  The material duties include those listed in the “Primary Duties and Responsibilities” section above, as well as the ability to adhere to Company policies, exercise sound judgment, effectively manage stressful situations, work safely and respectfully with others, exhibit trustworthiness, and safeguard confidential information belonging to the Company and its customers.  Pursuant to the California Fair Chance Act, Los Angeles County Fair Chance Ordinance for Employers, Fair Chance Initiative for Hiring Ordinance, and San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

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Accommodation

Whether you require an accommodation for the job application or interview process, Radian is dedicated to a barrier-free employment process and encourages a diverse workforce. If you have questions about the accommodation process, please e-mail [email protected].

Please note that you may redact or remove age-related information that identifies your age, date of birth, or dates of attendance at or graduation from an educational institution on any additional application materials you submit as part of the application. Additional application materials include but are not limited to, resumes, CVs, transcripts, or certifications.