Lead Product Manager

At MGIC, we take pride in knowing that what we do matters. As pioneers of private mortgage insurance, we help people achieve homeownership sooner - making affordable low-down-payment mortgages a reality. Our efforts have helped more than 14 million people get the keys to their own homes sooner than otherwise possible. Every position is critical to our company's success - from the analytical to the technical; from the innovative to the operational. The customer-facing roles to behind-the-scenes experts, we're all part of one team. We're an organization with a national footprint that's large enough to never lack for a new challenge, but small enough for an opportunity to make an impact and influence decisions. Come make a difference at MGIC.

PURPOSE

Lead strategies and related activities of the development, launch and lifecycle of our credit enhancement products.

PRIMARY DUTIES AND RESPONSIBILITIES

The following statements describe the general nature of work performed by people assigned to this job, may not be performed by all individuals in this job, and are not a complete list of all job duties required.

· Responsible for the development, implementation, and maintenance of MGIC’s credit enhancement product lines (e.g., flow MI, bulk MI, lender CRT).

· Leads the process of handling customer and partner requests relating to credit enhancement solutions.

· Leverages knowledge and relationships to provide operational and strategic support to risk transfer initiatives.

· Leads cross-functional business groups and engages with appropriate key resources from other business areas, to ensure products meet customer needs.

· Gathers and analyzes information from various perspectives and formulates recommendations.

· Leads MGIC’s surveillance and monitors the competitive marketplace, including information relating to technical trends, industry business partners, and government events that impact product strategies and other related activities.

· Identifies business opportunities and conducts research to formulate recommendations to management while ensuring that programs support the overall corporate strategy.

· Takes lead responsibility on customer product initiatives and requests. Research proposals from customers, assesses customer need and responds to requests appropriately.

· Works with senior management to establish short- and long-term product line objectives.

· Responsible for developing and administering budgets for new and enhanced programs by means of preparing cost-benefit analyses and ensuring compliance with budget guidelines.

· May be responsible for mentoring and counseling junior staff.

· Performs other duties as assigned.

QUALIFICATIONS

Required Knowledge:

· Demonstrated knowledge of mortgage insurance and the mortgage finance market,

· MGIC’s business, strategic direction, products, technologies, business practices, and customers

· Mortgage industry trends and emerging initiatives

· Sales and marketing strategies and techniques

· Financial analysis, calculations and concepts

Experience:

More than 7 years of comprehensive and related experience in the mortgage lending and/or mortgage insurance/credit enhancement industry in a marketing, product development environment.

Required Skills:

· Project leadership and business case development

· Analytical skills, use of XLS

· Ability to identify opportunities for improvement

· Ability to think strategically

· Business acumen

FLSA: This position qualifies for the Administrative exemption as the employee is required to exercise discretion and independent judgment in developing products/brands to further the sale of mortgage insurance.

DISCLAIMER (Americans with Disabilities Act) - All job responsibilities and requirements are subject to possible modification to reasonably accommodate individuals with disabilities.

Pay Range:

 

$109,990.00 - $186,990.00

 

This range aligns with current market data and reflects our commitment to competitive and equitable compensation. Salary offers are based on factors such as experience, skills, education, and training. The range may vary in certain locations to reflect local market conditions. It is not typical to initiate pay at the top of the range to account for internal equity and allow for future and continued salary growth

 

Enjoy these benefits from day one:

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

For additional information about MGIC and to apply, please visit our website at www.mgic.com/careers.

Note to all recruitment agencies:
MGIC does not accept unsolicited agency resumes. Any unsolicited resumes sent to MGIC, directly or indirectly, will be considered MGIC property. MGIC is not responsible for any agency fees associated with unsolicited resumes. A recruiting agency must have a valid, written and fully executed agency agreement to assist with a requisition.