Senior Insurance Policy Analyst (Flexible Hybrid) - Fannie Mae
Reston, VA
About the Job
At Fannie Mae, futures are made. The inspiring work we do helps make a home a possibility for millions of homeowners and renters. Every day offers compelling opportunities to impact the future of the housing industry while being part of an inclusive team thriving in an energizing, flexible environment. Here, you will grow your career and help create access to fair, affordable housing finance.
Job DescriptionGiven the increase in natural disasters and potential for increased credit losses, we are seeking someone with deep property and flood insurance industry knowledge.
As a valued colleague on our Servicing and Insurance Policy team, you will contribute to the development and maintenance of the Single-Family servicing and insurance policies and implement changes that align with Fannie Mae's strategy. In this role, you will ensure policies reflect the appropriate risk tolerance and compliance with all relevant regulatory guidance, as well as provide guidance on internal policies, business standards, and regulatory interpretation. You will provide expertise to internal and external customers and industry participants.
We have one opening for this job and it can be worked on a flexible hybrid basis from our Washington, DC, Plano, TX or Reston, VA office. If you do not reside near or are not local to one of these offices, you will need to cover your own travel expenses when asked to come into your assigned Fannie Mae office. In-office work would be driven by business needs but may be 2-4 times/year.
THE IMPACT YOU WILL MAKE
The Senior Insurance Policy Analyst role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:
- Develop and refine the enterprise's Single-Family servicing and insurance policies, including property and flood insurance related requirements.
- Apply technical understanding of insurance industry practices and principles and review and analyze policies to ensure alignment with the evolving industry, regulatory, and economic landscape.
- Research regulatory interpretations and leading industry practices and make recommendations for new policies and standards to manage the credit book.
- Evaluate and monitor emerging risks and regulatory changes to ensure our policies remain current and risk appropriate.
- Evaluate market trends or other relevant data in developing policy conclusions, including preparing reports or analyses for management or larger groups with findings and recommendations.
- Consider, where applicable, relevant enterprise systems and processes to develop optimal policy guidance.
- Ensure clear and consistent communication of Fannie Mae’s policies through authoring formal policy communications.
- Provide policy support and expertise on broad corporate initiatives that further Fannie Mae’s strategic mission and enable innovation.
- Respond to policy inquiries and policy-related customer engagement requests.
- May attend meetings with customers and industry participants to gather information pertinent to developing policies and standards to manage the credit book.
- May lead data analytics and policy development within the unit or an integrated effort with other corporate departments, FHFA and/or Freddie Mac.
THE EXPERIENCE YOU BRING TO THE TEAM
Minimum Required Experiences
- 2 years of experience in property and flood insurance industry policies and practices.
- Ability to develop a policy development project timeline and meet key governance and completion milestones.
- Risk assessment and management skills, including evaluating risk and identifying controls and mitigants associated with policy requirements.
- Excellent written and verbal communication skills with the ability to present appropriately to audiences at all levels both internally and externally.
- Experience collaborating across different functional areas and business units.
- Ability to gather accurate information to explain concepts and answer critical questions.
- Execution-oriented self-starter with exceptional time management and prioritization skills.
- Intellectually curious with strong problem solving and/or analytical skills.
Desired Experiences
- Bachelor's degree or equivalent.
- 4-6 years of experience in property and flood insurance industry policies and practices.
- Experience in the primary or secondary mortgage market.
- Ability to interact with and influence others at all levels of the organization.
- Strong detail orientation.
Additional Information
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The future is what you make it to be. Discover compelling opportunities at careers.fanniemae.com.
Fannie Mae is a flexible hybrid company. We embrace flexibility for our employees to work where they choose, while also providing office space for in-person work if desired. At times, business need may call for on-site collaboration, which means proximity within a reasonable commute to your designated office location is preferred unless job is noted as open to remote.
Fannie Mae is an Equal Opportunity Employer, which means we are committed to fostering a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, religion, national origin, gender, gender identity, sexual orientation, personal appearance, protected veteran status, disability, age, or other legally protected status. For individuals with disabilities who would like to request an accommodation in the application process, email us at careers_mailbox@fanniemae.com.
The hiring range for this role is set forth on each of our job postings located on Fannie Mae's Career Site. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee’s physical, mental, emotional, and financial well-being. See more here.