PMI Group, Inc. is proud to be recognized as one of the best places to work in the Bay Area in 2007 according to a recent survey conducted by the San Francisco Business Times, the East Bay Business Times and the San Jose Business Journal. PMI offers a dynamic environment where individual ideas and talent are encouraged to develop. We are dedicated to teamwork and a supportive and stable work environment. Our employees often refer to themselves as the "PMI Family" because of the strong personal ties within the organization and the company's commitment to ethical business practices and the welfare of its employees.

The Manager, Credit Risk and Quality Control manages the Quality Control (QC) functions for US Mortgage Insurance (USMI), including flow, bulk and pool, to reduce risk exposure and assist in fraud identification and prevention. He/She communicates findings and trends and makes recommendations for improvement to PMI’s senior management. The incumbent manages a staff and guides the overall direction of the department.

ESSENTIAL RESPONSIBILITIES AND ACCOUNTABILITIES
1. Utilizes knowledge of the mortgage industry, real estate market trends, PMI risk philosophy, PMI policies and procedures and underwriting criteria in managing efforts to perform evaluations of PMI’s flow business, bulk and pool transaction due diligence file reviews, and default analysis.
2. Develops methodologies to assure that review samples are either statistically valid or statistically significant.
3. Manages the completion of QC review of PMI’s flow business to ensure both quality and conformity with pricing assumptions on a timely basis. Ensures eligibility, data integrity and that the underwriting was acceptable and within guidelines.
4. Manages the completion of the due diligence file review of bulk primary and pool transactions to ensure quality and conformity with pricing assumptions on a timely basis. Ensures data delivered for pricing is accurate and that the underwriting was acceptable and within guidelines.
5. Manages the underwriting review of defaulted flow, pool and bulk loans. Works with the Investigations and Compliance Underwriting/Quality Assurance groups to focus investigation resources on loans with the highest likelihood for loss mitigation. Tracks results and evaluates trends to make recommendations based on audit results.
6. Ensures that results of each audit review are reported to the relevant account management team (Operations and Sales). Prepares detailed reports from the database, writes and distributes an executive summary with final results reported to senior management and other relevant departments (i.e. Pricing or Structured Transactions). Recommends remedial actions for marginal results to senior management.
7. Prepares and distributes quarterly and year-end summary highlights to report results and corrective action trends to senior management.
8. Works with various technology groups to recommend potential enhancements to the PMI audit software to improve productivity, reporting and functionality.
9. Supports the Structured Transactions department in formulating contract language for bulk transactions that provides sufficient recourse to PMI in the event of adverse due diligence or investigations findings.
10. Manages staff to accomplish results through effective recruitment, selection, training, development performance management and recognition.

JOB SPECIFICATIONS
Knowledge & Skills:
1. Expert knowledge of risk management, due diligence and quality assurance/control methods and techniques.
2. Extensive ability to audit data, analyze, draw conclusions and make recommendations.
3. Strong knowledge of MS Office products such as Word, Excel and Access.
4. Excellent communication skills to deal effectively with internal and external contacts.
5. Effective leadership and motivational skills.

Education & Experience:
Required knowledge and skills would typically be acquired through a Bachelor’s degree in business or related field, and a minimum 10 years of related experience, with 3-4 years in a management capacity.

Due to the volume of resumes, we ask that you not contact Human Resources regarding this position. If you are selected, a recruiter will contact you directly. Thank you for your cooperation!