What are the responsibilities and job description for the Corporate Financial Analyst position at MGIC?
Why work at MGIC?
Are you someone who wants to play a critical role in our company’s success? Do you enjoy solving puzzles and finding a better way to get things done? Are you someone who likes to Take The Lead and make an impact? If so, then imagine yourself at MGIC. At MGIC we are a team of dedicated professionals on a fearless mission. A team that fosters a culture of career development and continuous learning opportunities to help you rise to new heights. We are passionate about providing outstanding customer service and making a difference in our community. #WeAreMGIC
Are you someone who wants to play a critical role in our company’s success? Do you enjoy solving puzzles and finding a better way to get things done? Are you someone who likes to Take The Lead and make an impact? If so, then imagine yourself at MGIC. At MGIC we are a team of dedicated professionals on a fearless mission. A team that fosters a culture of career development and continuous learning opportunities to help you rise to new heights. We are passionate about providing outstanding customer service and making a difference in our community. #WeAreMGIC
Open to Associate or Analyst depending on level of experience.
As a Corporate Finance Analyst, you will provide financial planning and analysis support for MGIC’s business and capital strategies working with cross-functional team members and leaders to drive management decision-making. This is accomplished by:
- Play a key role in supporting our consolidated strategic and financial planning processes, and evolving the underlying integrated financial forecast models, systems, and tools
- Support modeling activities to evaluate capital requirements (example: mortgage credit) impacting the company (RBC, PMIERs and ERCF) and rating agency capital models
- Perform stress testing and run scenario analyses, to assess capital adequacy
- Collaborate with risk management and investment teams to develop and manage assumptions and inputs driving financial forecasts and capital planning
- Support MGIC leadership in evaluating strategic initiatives
- Develop and monitor critical financial performance metrics, and communicate actionable insights to relevant stakeholders
- Prepare presentations and reports to the Board of Directors and Executive team
- Monitor and research the competitive environment providing same-basis financial analysis and keeping abreast of strategic initiatives
- Participate in the MGIC external financial reporting process as needed
Do you have what it takes?
- Bachelor’s degree in finance, Economics, Accounting, or a related field
- Strong working knowledge of financial planning & analysis, corporate finance, capital modeling, accounting and reporting processes. Knowledge of insurance accounting, reinsurance terms and structures, and capital markets, a plus.
- Experience building and maintaining complex financial models; strong proficiency with Excel and financial planning software (ex. Adaptive Planning, Planful, Anaplan).
- Understanding capital modeling methodologies, mortgage credit risk, and regulatory frameworks (e.g., Risk-Based Capital etc.)
- Talent for synthesizing complex ideas and communicating them in ways others can easily understand; ability to clearly and concisely present issues, ideas, and recommendations in verbal, written and presentation formats to management
- Experience creating and maintaining well-structured presentations in PowerPoint and/or Word
You might be a good fit if you like to:
- Continually learn and grow, testing the status quo while respecting and considering others’ views
- Collaborate and communicate across departments and through a range of mediums
- Comfortable asking questions and sharing knowledge in individual and team settings
- Be organized, with strong attention to detail and excellent time management skills
- Build and create, striving for best practices and processes that can scale as the business evolves
- Drive results through analysis
What you can learn on the job:
- Mortgage insurance industry
- Business and capital strategy; synthesizing the potential outcomes for a range of scenarios
- Capital markets activities
- Modeling, complex analysis of capital and reinsurance structures
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
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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.
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.
