Director of Econometric Modeling in Pennsylvania
Position: Director of Econometrics
Functional Responsibilities
• Design, estimate, implement, test, and document behavioral econometric and financial models for use in forecasting loan level defaults, prepayments, and loss severities
• Establish/collaborate in developing loan level user tools in support of front-end decisioning and evaluation, ongoing portfolio monitoring, and financial accounting of traditional primary MI business
• Develop cash flow model leveraging consistent loan level behavioral modeling framework for analyzing financial value of alternative credit structures
• Scrub, manipulate, and evaluate extensive varied data collected from multiple sources; develop ongoing and ad hoc reports to monitor new business trends and portfolio behavior
• Create and deliver business-oriented communications for internal and external constituencies of varied backgrounds both technical and non-technical
• Supervise and mentor assigned staff and perform other tasks as assigned to support Risk department
Education/Skills/Other
• Advanced degree in Economics, Finance, Statistics or related field
• Experience supervising technical staff
• Solid understanding of mortgages and borrower behavior
• Expert proficiency in SAS for statistical analysis and a common programming language for model implementation; high proficiency in Excel and Office applications
• Ability to tackle projects efficiently and accurately under various conditions such as tight time frames, on remote assignment, using alternative toolsets, independently, collaboratively, etc.
• Travel requirement up to 10%
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