Senior Director, Pricing

Mortgage Guaranty Insurance Corporation; Milwaukee (WI); Hybrid; USD 172,000 - 292,000; Full time

Benefits offered by this job

Competitive pay

401k matching

Profit sharing

HSA

Wellness program

On-site gym

Paid time off

Company holidays

Business casual

Job summary

MGIC, based in Milwaukee, leads the private mortgage insurance sector and is seeking a senior leader to drive pricing strategy for primary mortgage insurance products. The role requires guiding a team of managers, developing premium rates, and leveraging internal and external models to respond to market dynamics.

The position emphasizes regulatory compliance, cross-functional collaboration, and strategic oversight with potential for impactful contributions across MGIC.

Qualifications

• Highly advanced analytical skills to structure complex problems and distill insights.
• Strong leadership and team management with ability to motivate a high-performing team.
• Outstanding communication and interpersonal skills to influence across organizational levels.
• Understanding of mortgage credit risk modeling and financial analysis.
• Demonstrated management/training experience and project management.
• Ability to think strategically and drive pricing initiatives.

Responsibilities

• Lead the team developing MGIC's premium rates for all mortgage insurance products.
• Assess the mortgage insurance competitive landscape and advance analytical solutions.
• Ensure pricing compliance with regulatory filings and respond to inquiries.
• Manage rate-engine requirements to respond to market dynamics.
• Provide functional leadership and collaborate with MGIC leaders to achieve outcomes.
• Engage senior management on pricing strategy with regular updates.

Skills

Analytical thinking

Leadership

Communication

Mortgage credit risk modeling

Strategic thinking

Project management

Team management

Education

Bachelor's degree

Advanced degree preferred

Job description

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

• 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 Bachelor's 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

Founded in 1957 and based in Milwaukee, WI, MGIC pioneered the modern form of private mortgage insurance. Today, we remain committed to helping people achieve homeownership sooner by making affordable low-down-payment mortgages a reality. We pride ourselves on providing a meaningful and rewarding experience for our co-workers, who are the cornerstone of our company and the work we do, both within our walls and in our communities. Nearly 600 employees contribute to our mission. Approximately half of our team works together at our downtown Milwaukee headquarters, while the rest of our team - as well as our customers and the consumers who benefit from our product - are located all over the country. Our Milwaukee team members enjoy a hybrid environment with opportunities to connect and collaborate with colleagues in the office 3 days a week, while maintaining a flexible approach to the modern workweek. Our HQ offers free parking, the Plaza View Café for breakfast and lunch, 24/7 fitness center access and onsite group fitness classes 3 days a week. We offer a comprehensive benefits package that considers the physical, mental and financial aspects of employee health and wellbeing. In addition to comprehensive medical, vision and dental coverage, we are proud to offer a company-matching 401(k) savings plan, profit sharing, and an annual bonus program to all eligible co-workers. Every employee has different needs, and our benefits - including parental, caregiver and bereavement leave - are designed to meet you at all stages of life, no matter which stage you're in today. Giving back to the community is engrained in MGIC's culture. Our Giving Back, Together program offers employees 4 paid volunteer hours, company-organized volunteer opportunities, and an employee-driven community grant program. Join our team and come make a difference at MGIC! We are an Equal Employment Opportunity (EEO) employer.