Sr. Principal, Quantitative Insurance Modeler - Hybrid

Radian Group Inc. • Wayne, PA

9d • $141,000 - $230,000 • Hybrid

About The Position

The Sr Principal Quantitative Insurance Modeler will be responsible for the development, implementation, and monitoring of advanced (re)insurance risk models. This role requires expertise in programming, data analysis, and statistical modeling to support business decision-making and ensure the effective management of credit and portfolio risk. This position requires extensive experience across multiple lines of insurance such as casualty, specialty and mortgage as well as others.

Requirements

• Master's Degree or Equivalent Experience
• 10 years of prior work related experience
• Advanced programming skills for data analysis and modeling (catastrophe, risk modeling).
• Strong mathematical, statistical, and econometric background.
• Proven ability to analyze data, identify trends, and make sound business recommendations.
• Experience with cloud computing platforms (AWS, Azure, etc.).
• Excellent communication skills, both written and verbal.
• Ability to work collaboratively in a team setting.
• Experience in financial services, credit risk modeling, or portfolio risk management.
• Demonstrated success in presenting analytical findings to senior management.
• Familiarity with regulatory requirements related to credit and portfolio risk.

Responsibilities

• Develop and maintain code to support model estimation, implementation, monitoring, and back testing.
• Manipulate and analyze large datasets to identify trends and make recommendations or adjustments to credit and portfolio guidelines.
• Conduct model development and research new methodologies to enhance model performance and accuracy.
• Prepare analytical presentations and communicate strategic business findings and recommendations to management.
• Apply expert knowledge in probability modeling, mathematics, statistics, and econometrics to solve complex business challenges.
• Leverage cloud computing platforms for data analysis and model deployment.
• Collaborate effectively within a team environment.
• Summarize and present key findings and recommendations to both technical and non-technical audiences.
• Conduct catastrophe global risks modeling, including hazard, vulnerability, financial modules, event sets, frequency-severity modeling, loss distributions, and tail risk metrics.
• Perform portfolio and reinsurance structuring: quota share, excess of loss, catastrophe bonds, optimization, pricing, and accumulation management.
• Perform model governance functions: validation, benchmarking, back testing, documentation, audit readiness.
• Ensure adherence to regulatory/capital requirements: Solvency II, IFRS 17, NAIC, ORSA, stress testing.
• Perform other duties as assigned or apparent.

Benefits

• Competitive Compensation: anticipated base salary from $141,000 to $230,000 based on skills and experience. This position is eligible to participate in an annual incentive program and a long term incentive plan.
• Rest and Relaxation. This role is eligible for 30 days of paid time off annually, which is prorated in the year of hire based on hire date. In addition, based on your hire date, you will be eligible for 9 paid holidays + 2 floating holidays. Parental leave is also offered as an opportunity for all new parents to embrace this exciting change in their lives.
• Our Company Makes an Impact. We’ve been recognized by multiple organizations like Bloomberg’s Gender-Equality Index, HousingWire’s Tech 100, and The Forum of Executive Women’s Champion of Board Diversity. Radian has also pledged to SHRM’s CEO Action for Inclusion & Diversity commitment.
• Comprehensive Health Benefits. Multiple medical plan choices, including HSA and FSA options, dental, vision, and basic life insurance.
• Prepare for your Future. 401(k) with a top of market company match (did we mention the company match is immediately vested?!) and an opportunity to participate in Radian’s Employee Stock Purchase Plan (ESPP).
• Homebuyer Perks. Our Homebuyer Perks program helps employees navigate the home searching, buying, selling, and refinancing processes and provides valuable financial benefits to encourage, enable, and support home ownership.
• Additional Benefits. To learn more about our benefits offerings, visit our Benefits Page.

What This Job Offers

• Job Type: Full-time
• Career Level: Principal
• Number of Employees: 501-1,000 employees