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  • 270 East Kilbourn Avenue
    Milwaukee, WI 53202

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Quantitative Risk Analyst (Loss/Forcasting)

MGIC • Milwaukee, WI

Posted 10 days ago

Job Snapshot

Degree - 4 Year Degree
Banking - Financial Services, Real Estate - Property Mgt, Computer Software


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Job Description

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

How will you make an impact?

The Quantitative Risk Analyst (Loss/Forecasting) is an important member of a team of risk professionals working on a wide variety of projects in quantitative finance. These may include analyzing relative value in the secondary market for mortgage credit risk, providing analytical support for pricing primary mortgage insurance, refining the calculation of risk-adjusted return on capital for various business lines or new product initiative, etc. The Quantitative Risk Analyst must be adept at managing competing priorities, advancing multiple projects concurrently and mentoring more junior team members. The successful candidate will bring a detailed understanding of available mortgage credit risk modeling tools including the strengths and weaknesses of each in different applications.

Do you have what it takes?

Education:Completion of Master’s Degree in Computational Finance or related field with a focus on quantitative financial analytics. Additional experience (2 years) beyond the minimum (below) may be substituted for education beyond a Bachelor’s Degree.

Experience: Requires more than 5 years advanced work

Required Knowledge and Skills:

•Interdisciplinary knowledge including finance, mathematics, statistics, and programming
•Principles and mathematics behind stochastic modeling
•Experience with stochastic mortgage credit risk and performance models including ADCo and CoreLogic
•Proficiency in data query and statistical tools/languages such as SAS, SQL, or similar
•Experience with mortgage securitization models and software, including Intex
•Statistical and machine learning methods for financial data
•Probability and simulation methods

Enjoy these benefits from day one:

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

Who we are:

We are a private mortgage insurer with $194.9 billion primary insurance in force covering approximately one million mortgages (as of December 31, 2017). MGIC provides a critical component of our country’s residential mortgage finance system, protecting mortgage investors from credit losses. Mortgage insurance from MGIC also benefits consumers by making affordable low-down-payment mortgages a reality. Bottom line…We put people into homes sooner! #WeAreMGIC

Our headquarters are located in downtown Milwaukee, a place that offers something for everyone with its big-city attractions and small-town atmosphere. MGIC is an eight-time recipient of the Milwaukee Journal Sentinel Top Work Places award. This is an award based on the opinion of our company's greatest asset, our talented and dedicated workforce! We are committed to being an active and positive member of the local Milwaukee community. Along with our co-workers, we support many local initiatives including:

•United Way
•United Performing Arts Fund
•Habitat for Humanity
•Junior Achievement
•Public Television Channel 10/36 Auction

We are proud to be an Equal Opportunity Employer. We maintain a drug-free workplace and perform pre-employment background and substance abuse testing.

For additional information about MGIC and to apply, please visit our website at

Job ID: 10304
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