Radian Group

Data Scientist I, MIRS (Hybrid - at least 3 days in NYC office)

Radian Group • $80K — $100K *
New York, NY 10025Hybrid
Finance & Insurance
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Bachelor's degree or equivalent with 1+ years of experience, or Master's with no experience
  • Strong mathematical, statistical, and econometric expertise
  • Practical proficiency in Python, with knowledge of SAS, R, or C++
  • Understanding of probability modeling and financial analysis of mortgage products
  • Ability to make sound recommendations based on business judgment

Responsibilities

  • Program for model estimation and back testing
  • Develop and maintain cloud-based modeling frameworks
  • Create analytical presentations for management
  • Analyze credit structures and risk-sharing arrangements
  • Manipulate large datasets to identify trends and recommend adjustments
  • Perform additional assigned duties

Benefits

  • 20 days of paid time off plus 9 paid holidays and 2 floating holidays
  • Comprehensive health benefits including multiple medical plan options
  • 401(k) plan with immediate vesting and competitive company match
  • Employee Stock Purchase Plan (ESPP) participation
  • Homebuyer Perks program supporting employee home ownership
  • Participation in an annual incentive program
Full Job Description
See Yourself as a Data Scientist I, MIRS

The Data Scientist I, MIRS (Mortgage Insurance and Risk Services) primary functions will be data modeling and analysis, analytical framework development and the estimation and validation of credit models. This role requires the use of financial, statistical and econometric methods within a structural modeling framework while leveraging cloud computing solutions.

See the Primary Duties and Responsibilities
  • Programming in support of model estimation, implementation, monitoring, and back testing.
  • Development and maintenance of cloud-based modeling frameworks. Analysis of standard reporting and model performance. Delinquency, default, prepayment, claim severity model estimation and design. Model development and methodology research.
  • Creation of analytical presentations and communication of strategic business findings to management.
  • Analysis and recommendations on alternative credit structures, risk sharing arrangements, and/or non-traditional manners in which to participate and take on credit risk as appropriate and necessary.
  • Data manipulation of large files (Python, SAS, or R datasets) to identify trends and make recommendations and/or adjustments to credit/portfolio guidelines as necessary.
  • Perform other duties as assigned or apparent.


See the Job Specifications

Knowledge:
  • Understanding of probability modeling.
  • Expert mathematical, statistical, and econometric understanding.
  • Strong analytical background, along with the ability and willingness to effectively make recommendations on transactions based on sound business judgment.
  • Practical proficiency of Python and working knowledge of SAS, R, or C++ for data analysis and modeling.
  • Ability to learn financial analysis of structured mortgage products.


Skills and Abilities:
  • Strong work ethic and independent problem-solving capabilities.
  • High level of motivation and intellectual curiosity.
  • Able to work in a team environment.
  • Ability to research and define new analytical methods.
  • Ability to communicate effectively and present results.


Education, Certifications and Prior Work-Related Experience:
  • Degree Requirement: Bachelor's degree or foreign equivalent and 1 year of experience, or Master's degree or foreign equivalent and no work experience
  • Certifications: Finance, Economics, Mathematics and/or Statistics
  • Work Experience: 1 or more years of prior work-related experience without a master's degree, with a master's degree no prior work experience is required.


See Why You Should Work With Us
  • Competitive Compensation: anticipated base salary from $80,000 to $100,000 based on skills and experience. This position is eligible to participate in an annual incentive program.
  • Rest and Relaxation. This role is eligible for 20 days of paid time off annually, which is prorated in the year of hire based on hire date. In addition, based on your hire date, you will be eligible for 9 paid holidays + 2 floating holidays. Parental leave is also offered as an opportunity for all new parents to embrace this exciting change in their lives.
  • Comprehensive Health Benefits. Multiplemedical plan choices, including HSA and FSA options, dental, vision, and basic life insurance.
  • Prepare for your Future. 401(k) with a top of market company match (did we mention the company match is immediately vested?!) and an opportunity to participate in Radian's Employee Stock Purchase Plan (ESPP).
  • Homebuyer Perks. Our Homebuyer Perks program helps employees navigate the home searching, buying, selling, and refinancing processes and provides valuable financial benefits to encourage, enable, and support home ownership.
  • Additional Benefits. To learn more about our benefits offerings, visit our Benefits Page.


#LI-AB

The application period for the job is estimated to be 20 days from the job posting date. However, this timeline may be shortened or extended depending on business needs and the availability of qualified candidates.

About Radian Group

Radian Group is a publicly traded insurance company that provides mortgage insurance, risk management products, and real estate services. The company was founded in 1977 and is headquartered in Philadelphia, Pennsylvania. Radian Group operates in the United States and internationally, with a workforce of approximately 2,000 employees. The company's mortgage insurance segment provides private mortgage insurance and risk management services to mortgage lenders and investors. Radian Group's real estate services segment provides real estate valuation and appraisal services.
Learn more about Radian Group
Size
1,800 employees
Market Cap
$2.9 billion
Industry
Finance & Insurance
Net Income
$393.6 million
Founded
1977
5 Year Trend
+1.4%
Revenue
$1.4 billion
NASDAQ
RDN
* Ladders Estimates

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