Genworth Financial Senior MI Pricing Manager in Raleigh, North Carolina


Raleigh, NC


Genworth Mortgage Insurance, headquartered in Raleigh, North Carolina, is a global mortgage insurer with a major presence in the United States, Canada, and Australia. With origins dating back to 1980, Genworth Mortgage Insurance provides primary mortgage guaranty insurance coverage on residential mortgage loans, as well as mortgage pool insurance policies that enhance insurance coverage for various types of mortgage-related securities. Our mortgage insurance can help individuals secure low down payment loans and realize the dream of home ownership faster – even for the first time.


This position reports to the VP, Capital Management, Pricing, & Investor Relations and is key member of a small team responsible for the pricing process for the business. The ideal candidate is well spoken, poised, reliable, responsible, detailed-oriented, and a highly organized individual who is capable of handling multiple tasks simultaneously while maintaining a high-quality work product. This position will require coordination with multiple functions, data analysis, strong understanding of company pricing strategy and guidelines, and a continual evaluation and improvement of the pricing process.


  • Contribute at a high level as an experienced member of the pricing team who is responsible for implementation of the U.S. Mortgage Insurance (USMI) overall pricing strategies on both new issue and existing products and transactions within commercial and regulatory constraints

  • Provide comprehensive pricing analysis and recommendations to Finance / Risk / Commercial on base rate card changes, competing alternatives, cell level and aggregate returns for all segments and products, expansion decisions, lender exceptions, Lender Paid Mortgage Insurance (LPMI) transactions, structured or back-end deals, segment/niche rate card analysis

  • Refine economic capital modeling for pricing including the evaluation of the stochastic distribution for use. Collaborate with Finance/Risk/Actuarial teams.

  • Evaluate risk-return equation that reflects USMI risk appetite and lead analysis to determine appropriate pricing for incremental risk

  • Develop guidelines for appropriate usage of unconditional vs. conditional, deterministic vs. stochastic metrics and establish appropriate return hurdles for expected and stress case

  • Conduct comprehensive financial valuation of captive commutations through analyzing intrinsic value, NPV of cash flow approach as well as evaluating GAAP P/L impact of commutation decisions.

  • Evaluate loss forecasting and prepayment models

  • Drive cross functional analytical efforts on analytical and modeling issues

  • Provide rate filing support ad hoc requests from HQ, Finance, Risk, Actuarial teams including analysis of new business profitability, cash flows, etc.

  • Analyze and communicate market trends and pricing strategies to key stakeholders within the business.

  • Incorporate and share best practices regarding pricing models, techniques, and research with other pricing leaders within Genworth.

  • Create documentation procedures and policy documents that ensure transparent and cohesive pricing process

  • Display proficient ability to analyze SAS datasets and modeling results and test for possible data biases and errors.

  • Apply traditional actuarial rate making standards of practice to pricing new business, coupled with an in-depth understanding of insurance lines, coverages, and products as well as reinsurance structures and terms.


  • B.S. degree in Analytical Field (Finance, Math, Science, Econometrics, Programming, etc.)

  • 5+ years of experience in marketing, finance, risk, or actuarial functions

  • Excel/SAS proficiency required, programming skills required, must understand a variety of database formats and software to access them

  • Collaborative and effective member in team environment

  • Strong ability to analyze data and develop recommendations

  • Excellent communications skills, particularly in cross-functional teams and with upper management

  • Ability to work independently and without close supervision on multiple projects simultaneously, anticipate necessary effort and difficulty and adhere to mutually-agreed upon schedules

  • Excellent analytical and creative problem solving skills


  • M.B.A. or CFA

  • 7+ years of experience or applicable finance / actuarial / SAS internship

  • Experience working in a transaction-oriented environment where deals constantly need to be priced

  • Understanding of credit analysis

  • Knowledge of database applications and IT system development

  • Commitment to learning actuarial principles and/or advanced financial concepts


  • The duties and responsibilities of this role require that the position be physically based in the USMI headquarter office in Raleigh, NC.

Genworth is a Fortune 500 financial services company providing financial security and protection through our Mortgage Insurance and Long Term Care businesses. Our purpose is to help families achieve the dream of homeownership and address the financial challenges of aging. At Genworth, our promise to our employees is the opportunity to make a meaningful difference in the lives of our customers, our communities, and one another.