Radian Asset Assurance Work Values

Daily Duties at Radian Asset Assurance:

● Prepared and analyzed direct, assumed and ceded GAAP and Statutory PW of $262M, GAAP and Statutory UPRs of $700M and $830M UPR amortization byeach assuming and ceding company and by Public and Structured finance, Surety and Trade credit products ● Set up and booked GAAP and Statutory direct, assumed and ceded PW, UPR, DAC and Contingency Reserve ($337M) according to NY Insurance Laws, theArticle 69 by product ● Queried PW, UPR, PE, NPV ($117M) and FV ($176M) through Brio for analysis by direct, assumed and ceding company and by policy ● Interacted with reinsurance department to resolve variances, discrepancies and inconsistencies such as cancellation of policies, refunding, takedown ofcontingency reserves and UPR ● Provided variance analysis and explanations for consolidated Financial Guaranty’s Policy Acquisition Cost of by product, remapping of Public and Structuredfinance policies by sectors ● Reconciled PW, UPR, DAC, Losses, IBNR, Reserves, Receivables, payables, funds-held, profit and accrual commissions on monthly basis ● Prepared consolidated Financial Guaranty snapshot of current and past underwriting year’s PW and PE by product and by department of quarterly statisticincluding GAAP and Statutory UPRs, Par and Debt services outstanding and exposure of $103B and $142B by derivative and non-derivative policy accordingto FASB 133 ● Interacted with auditors to provide variance analysis with explanations and supporting documentations ● Worked with IT to automate the calculation of PE by company and Sch. F in Pegasys and implemented macro to automate formatting and uploadingbordereaux into the database ● Prepared Statutory statements including Sch. F and T, Premiums and Losses of State page, UW and all Financial Guaranty Insurance exhibits, and providefigures for supplement exhibit ● Assumed some additional responsibilities from two departed AVPs and co-workers as the result of automation of processing and reporting procedures, andresponsibilities for training and supervising two accountants

What they like about Radian Asset Assurance:

Working in an organization that is technologically advanced, creative, and innovative is critical in your assessment of hiring companies. Less important to you are stability of the organization, the length of time an organization has been in business, and the business' plans for the future. You prefer a fast-moving company that will take risks to achieve its goals and objectives. The length of time the company has been in business is irrelevant. Maintaining status quo is unnecessary. You thrive on change, uncertainty and the upside of potential business risks, especially those associated with innovation. Stability for the long haul is not nearly as important as is working in an atmosphere that is charged with a sense of urgency and constant change.

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Skills

organization, communication, time managing, teamwork, analystical, take initiative, Logic, quick learn and quick apply , work under pressure, work independently

These are some of the questions we asked our climbers about their experiences with Radian Asset Assurance: