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What Freddie Mac Has to Offer:
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Benefits include:
Job Type
Full Time
Job Details
At Freddie Mac, you will do important work to build a better housing finance system and you’ll be part of a team helping to make homeownership and rental housing more accessible and affordable across the nation. Position Overview: At Freddie Mac, you will do important work to build a better housing finance system and you’ll be part of a team helping to make homeownership and rental housing more accessible and affordable across the nation. Our Impact:
- The team is responsible for managing Freddie Mac’s counterparty credit risk exposure to mortgage insurance, property insurance, title insurance, and reinsurance counterparties.
- Work related to reinsurance counterparties supports Freddie Mac’s ACIS and MCIP credit risk transfer (CRT) deals.
- Work related to mortgage insurance counterparties supports the ability of borrowers to acquire a mortgage without needing a 20% down payment.
- Work related to property and title insurers helps Freddie Mac reduce the losses it incurs upon homes experiencing property loss events and title deficiencies.
- Assess on an ongoing basis the creditworthiness of mortgage insurance, property insurance, title insurance, and reinsurance counterparties.
- Assign internal counterparty ratings and document the corresponding rationale similar to a rating agency credit opinion.
- Conduct due diligence on new counterparty applicants as needed as part of internal approval processes.
- Analyze and monitor compliance with Freddie Mac’s mortgage insurer counterparty eligibility requirements (PMIERs).
- Develop recommendations for corrective actions to address counterparty non-compliance.
- Assist in the development and improvement of counterparty eligibility requirements and related policies and procedures.
- Manage and monitor internal counterparty risk exposures against corporate limits.
- Conduct credit risk analyses of emerging industry issues and (re)insurance industry trends.
- Find opportunities for operational improvement that streamline or improve existing processes.
- Perform periodic management reporting related to counterparty credit risk and assist in developing presentations to senior management.
- 2-4 years of related professional work experience in financial services, consulting, risk management, or a related field
- BS/BA degree in finance, economics, accounting, or a related degree
- Ability to assess a company’s financial strength through analyzing its financial documents, statements, and other related materials
- Proficient in MS Office with advanced skills in Excel and Power Point
- Advanced degree in finance, economics, accounting, business administration, or a related degree
- Professional designation such as CPCU, ARe, CPA, CFA, or FRM
- Prior experience in the insurance industry (e.g., mortgage insurance, reinsurance, or property and casualty), rating agency experience, experience analyzing insurance companies, or equity analyst experience
- Excellent verbal and written communication skills
- Ability to work independently with limited direct supervision
- Ability to quickly and efficiently overcome unexpected obstacles
About the Company
Freddie Mac
Mclean, VA, United States
Careers with Impact Our mission of Making Home Possible is what motivates us, and it’s at the core of everything we do. Since our charter in 1970,... Read more