Risk Modeling Intern

Job description

At Enact, we understand that there’s no place like home. That’s why we bring our deep expertise, insightful offerings, and extra mile service to work every day to help lenders put more people in homes and keep them there. We’re looking for a Risk Modeling Intern in Raleigh, NC to join us in fulfilling our mission while utilizing our values of excellence, improvement, and connection. In addition to the multiple weekly events attended by all interns, you’ll work alongside industry experts for a 12-week internship beginning May 17, 2027. You will work with the risk modeling team to help answer business questions and improve the predictive modeling process using both traditional modeling techniques and machine learning. THE PROGRAM Enact’s Internship Program provides an excellent opportunity for students to gain hands-on experience in achieving business results while developing technical and professional skills. The internship program is a critical component of Enact’s talent pipeline as we look to interns to provide cutting edge ideas and skills that will drive business success. Enact invests time, energy, and resources to create a worthwhile experience for interns. Interns work on meaningful business projects, but beyond that, they will network directly with leaders throughout the company (all the way up to the CEO), attend teambuilding events with their internship cohort, connect with the community through volunteer opportunities (both on-site and off-site), and attend professional development workshops. It’s a unique internship experience that helps interns develop a network of peers and mentors who act as a source of constant engagement and guidance during the internship. LOCATION Enact Headquarters, Raleigh, NC – Hybrid Schedule YOUR RESPONSIBILITIES Design, create and implement advanced analytics and forecasting models to optimize business processes; provide insights for decision making using Machine Learning and traditional statistical modeling Use large datasets to develop and perform exploratory data analysis and build models using structured and unstructured data to guide business decisions Communicate the models and methods in a logical and understandable manner for non-analytical business users and model governance teams YOUR QUALIFICATIONS Undergraduate junior or First year graduate student in a quantitative research field such as: Statistics, Econometrics, Computer Science, Demography / Actuarial Science, Mathematics, Data Science, Quantitative Social Sciences, Epidemiology, Engineering, etc. Experience in applying machine learning algorithms to data Previous coding experience in Python, R, SAS or a related language Ability to communicate complex ideas to a variety of audiences Desire to analyze and interpret data in the insurance, banking, or financial services industries Preference for candidates pursuing degrees in Statistics, Mathematics, Operations Research, Computer Science, Economics, and Finance; all majors are considered, given strong work or project experience Minimum GPA of 3.2 on a 4.0 scale PREFERRED QUALIFICATIONS Proficient in Excel, Word, and PowerPoint Exposure to insurance, banking, or financial services industries Knowledge on cloud data services such as Snowflake, AWS. Experience with Structured Query Language COMPANY Enact Holdings, Inc. (Nasdaq: ACT), operating primarily through its wholly owned subsidiaries, is a leading publicly traded U.S. private mortgage insurance provider, offering borrower-centric products that enable lenders and other partners across the U.S. to help people responsibly achieve and maintain the dream of homeownership. By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Headquartered in Raleigh, North Carolina, we play an active role in supporting a prosperous Triangle community. We also support our colleagues’ philanthropic efforts in their home communities across the U.S. Enact values all perspectives, characteristics and experiences, along with providing a positive and inclusive culture for employees to grow and succeed. We strive to create an environment where employees can bring their full, authentic selves to work to help each other and their customers. We are proud to be an equal opportunity employer and all hiring decisions are based on merit, qualifications, and business needs. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. WHY WORK AT ENACT We bring innovative thinking to the situations at hand We seek out and incorporate diverse views to strengthen our outcomes We work on challenging and rewarding projects