Sr Business Manager, Loss Forecasting

FANNIE MAE



THE COMPANY


Fannie Mae is a shareholder-owned company with a public-spirited mission: to tear down barriers, lower costs, and increase the opportunities for homeownership and affordable rental housing for all Americans. Over our 65-plus year history, Fannie Mae has worked with housing partners to provide low-cost financing for more than 60 million American families to own or rent a home. For more information about Fannie Mae and our career opportunities, please visitwww.fanniemae.com


 


This individual will play a key role in the Single Family Loss Forecast and the Loss Allowance estimation process. The first of these forms the basis of Fannie Mae's business planning and goals-setting, while the second is a critical component of the company's financial statements. Loss Forecasting and the Loss Allowance estimation process are major, cross-functional efforts that involve multiple areas, including Controllers, Single Family Credit, the National Property Disposition Center, the National Underwriting Center and other areas within the Chief Risk Officer's organization. There are plans to make major improvements to the models and methodologies employed in both areas.The successful candidate will provide thought leadership to the improvement efforts and play a management role in the forecasting and allowance estimation process, helping to bring all of the inputs to the process together to deliver exceptionally accurate and well-understood estimates to Fannie Mae senior management. S/he will be part of highly visible cross-functional teams that


? Provide leadership for the forecasting of credit-related losses and expenses from both an economic and accounting perspective.


? Partner with Controllers and Single Family Guaranty Business to understand recent trends (variance analyses, research accounting vs cash timing of line items). 


? Identify potential improvements to credit risk models and lead collaboration with other functional areas within Credit Finance to implement these changes


? Work with business partners to develop key inputs for the forecast cycle based on understanding current business strategy. 


? Perform scenario analyses on different sets of assumptions and communicate findings and recommendations to senior stakeholders.? Design, develop, implement, document and maintain new models and methodologies to improve the quality, consistency and transparency of the estimation processes.



? Bachelors in Quantitative Discipline (ie. Economics, statistics, Operations engineering)


? Masters in Finance, Economics, Business Administration, Statistics, Public Policy, also CFA and FRM preferred


? Understanding of accounting and regulatory guidance and practices


? Five years experience or equivalent, with at least three years in financial services, preferably mortgage-related.


? Proficient using spreadsheet/modeling/data applications, especially Oracle/Sybase, SAS, Gauss, Essbase.


? Experience in building and understanding forecasting models and providing leadership to teams engaged in developing, implementing and maintaining such models.


? Strong problem solving abilities, able to identify key relationships in large data sets as well as drawing robust insights from limited information.? Strategic thinking: able to translate analytical conclusions into business recommendations.


? Ability to work and to lead effectively in cross-functional teams and influence others


.? Excellent oral and written communication skills.


 


COMPENSATION


Fannie Mae's compensation and benefits package is very competitive. It is designed to help employees meet varying needs throughout their careers and to reward employee's skills, experience, and potential.
Fannie Mae is an equal employment opportunity employer and considers qualified applicants for employment without regard to race, gender, age, color, religion, national origin, marital status, disability, sexual orientation, or any other protected factor