Credit Risk Analyst

At Enact, we understand that there’s no place like home. That’s why we bring our deep expertise, insightful offerings, and extra‑mile service to work every day to help lenders put more people in homes and keep them there. We’re looking for a Credit Risk Analyst in Raleigh, NC to join us in fulfilling our mission, while utilizing our values of excellence, improvement, and connection. In this role, you will provide insights and expertise in model development and quantitative analysis of credit risk across primary and structured credit insurance opportunities. You are responsible for helping Enact succeed in its targeted acquisition, management, and distribution of credit risk strategy. Success in this role requires a blend of strong analytical skills, a desire to collaborate with others, and effective communication. Location Enact Headquarters, Raleigh, NC – Hybrid Schedule Your Responsibilities Assist in the development of new probability of default, loss given default and exposure models Run developed models to assist in the quantitative assessment of both new business and portfolio performance ensuring continuity between the two Review and work with external models to help validate if they are fit for use under Enact’s existing Model Risk Framework Incorporate internally developed and external models into Enact’s data and modeling architecture Monitor model performance against actual loss experience to better inform future improvements Collaborate with IT teams and assist in the development of interfaces and tools that better enable underwriters to interact with model results Use models and loss distributions to perform stress testing across multiple collateral types while ensuring adherence to internal and regulatory standards Help in the design and computation of analytics that support Enact’s capital management strategies and risk appetite. Collaborate on designing strategies that inform risk acquisition and distribution. Your Qualifications Bachelor’s degree in actuarial science, statistics, financial mathematics, or a related field 3+ years of quantitative experience working with credit data and building risk models Experience using statistical or machine learning to model frequency and severity of losses Experience developing, testing, diagnosing and documenting risk models and their performance Experience creating reproducible workflows including version-controlled code Proficiency in data manipulation and analysis in a programming language such as Python or R Strong communication skills that allow for collaboration across multiple teams including IT Self‑directed learner who proactively identifies knowledge gaps, pursues resources, and consistently applies new techniques to improve model performance or reliability. Preferred Qualifications Master’s degree or equivalent in actuarial science, statistics, financial mathematics, or a related field Experience building interactive data applications with tools such as Streamlit or Shiny Experience in developing credit risk frameworks, underwriting guidance, and pricing strategies Experience with cashflow modeling and financial metrics such as return on equity Experience with structured credit risk transfer transactions. Company Enact Holdings, Inc. (Nasdaq: ACT), operating primarily through its wholly owned subsidiaries, is a leading publicly traded U.S. private mortgage insurance provider, offering borrower‑centric products that enable lenders and other partners across the U.S. to help people responsibly achieve and maintain the dream of homeownership. By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Headquartered in Raleigh, North Carolina, we play an active role in supporting a healthier Triangle community. We also support our colleagues’ philanthropic efforts in their home communities across the U.S. Enact values all perspectives, characteristics and experiences, along with providing a positive and inclusive culture for employees to grow and succeed. We strive to create an environment where employees can bring their full, authentic selves to work to help each other and their customers. We are proud to be an equal opportunity employer and all hiring decisions are based on merit, qualifications, and business needs. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. Why Work at Enact Hybrid work schedule (in‑office days Tues/Wed/Thurs) Generous Time Off 40 Hours of Volunteer Time Off Tuition Reimbursement and Student Loan Repayment Paid Family Leave and Flexible Spending Accounts 401k with up to 5% employer match Fitness and Emotional Wellness Reimbursements Onsite Gym #J-18808-Ljbffr