Director, Product Management

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

PURPOSE

Directs a team of co-workers engaged in lead the development, launch and lifecycle of our credit enhancement (CE) 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 and develops a team of co-workers with a diversity of skills and experience levels.  Provides work direction and monitors overall productivity and work quality. Ensures staff is knowledgeable and cross-trained, encourages self-development, and promotes team participation. 
• 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 team 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:

• Managing credit enhancement (CE) product lines (flow MI, bulk MI, CRT) to meet market needs and maximize competitiveness
• Development of new products/features, including new insurance lines and non-insurance CE solutions
• Leading the collaboration of key domains (legal, pricing, risk, ops, etc.) to advance CE solutions business cases
• Analysis (models) of CE value to various mortgage investors and the private-label residential mortgage-backed securities (RMBS) and other debt issuance markets, incorporating regulatory, rating agency, accounting, and capital markets considerations
• Intel relating to regulatory matters, competitors, market trends, and potentials threats and opportunities (Note: A non-pricing, non-market share focus)
• Development and management of bespoke product/program solutions consistent with our corporate objectives (simplify, optimization, value proposition) that balance risk, return and customer objectives (i.e., Customer Solutions Desk)
• Ensuring corporate readiness across business domains for small- to large-scale industry changes/initiatives to maintain competitiveness (e.g, Change Execution Team – CHET, new Master Policy, new URLA, Credit Score Modernization)
• Relationships with brokers and other industry participants pertaining to risk acquisition through CRT and other solutions
• In coordination with Finance, Legal and Investor Relations, engaging rating agencies, regulators and other stakeholders to ensure a level playing field for our CE solutions
• Contributing to new business opportunities initiatives, providing analytics, market analysis, and financial pro-formas, as needed
• Supporting our risk-off activities, as needed, in coordination with Investor Relations and Business Intelligence

BACKGROUND/EXPERIENCE

Required Knowledge:    

• Significant expertise in understanding complex financial concepts
• Experience in mortgage credit enhancement (Experience in both MI and CRT a plus)
• Strong financial and data analytical capabilities
• Strong verbal communications skills

Experience:    More than 10 years of relevant experience

Required Skills:

• Think and act strategically
• Provide work direction
• Leadership

Enjoy these benefits from day o