Senior Director, Pricing

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 team responsible for developing and executing MGIC’s pricing strategy for primary mortgage insurance 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.

Management/Leadership

• Manages a team of managers and direct reports.  Leads and develops employees into a highly effective team by setting clear performance objectives and goals, regular and honest feedback, and individual development plans.
• Responsible for the selection, performance evaluation, and salary administration of co-workers.
• Manages, leads, and supports others through the process of change both within the department and throughout the organization to achieve results related to MGIC’s corporate strategy.
• Manages the operational and fiscal activities of the department including; staffing levels, budgets, operational controls and processes, and financial goals.
• Analyzes business processes and issues. Manages departmental policies, procedures, and standards to enhance efficiency and work quality.
• Develops solutions to problems with consideration for department and company goals and direction. 
• Develops and manages relationships between departments both inside and outside business unit.

Responsibilities specific to this role:

• Leading the team which develops MGIC’s premium rates for all mortgage insurance products and premium plans.
• Leading the team which assesses the mortgage insurance competitive landscape and leading the advancement of analytical solutions leveraging internal and external models and data sources.
• Ensuring pricing compliance with regulatory filings, providing guidance and requirements to revise filings as necessary, and responding to miscellaneous regulatory inquiries.
• Managing rate-engine requirements enabling flexibility to respond to evolving market dynamics.
• Functional leadership as well as engaging and collaborating with other MGIC leaders to achieve business outcomes.
• Engaging senior management on pricing strategy and providing regular updates on activities and performance.

 

EXPERIENCE / BACKGROUND

 

Required Knowledge and Skills:

• Highly advanced analytical skills to structure and distill problems, perform complex analyses, identify trends and inconsistencies, draw conclusions, and recommend solutions
• Strong leadership and team management skills, with the ability to inspire and motivate a high-performing team
• Outstanding communication and interpersonal skills, with the ability to influence and collaborate across all organizational levels
• Understanding of mortgage credit risk modeling and financial analysis
• Demonstrated management and/or training experience
• Project management and execution thereof
• Ability to think strategically
• More than 10 years with advanced experience in area of specialization
• Minimum of Bachelors’ Degree

Preferred but not required:

• Demonstrated knowledge of the mortgage market, mortgage insurance, secondary marketing, and related industries
• Advanced Degree such as Masters or Actuarial Designation preferred

Pay Range:

 

$171,860.00 - $292,170.00

 

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.