Senior Associate - Portfolio Credit Risk Modeling

Location: Columbus, Ohio; the role may also be filled remotely within any of the lower 48 U.S. states.

Salary: $149,000–$223,000 per year expected starting range; national range is $149,000–$262,000.

Company

hirify.global is a Fortune 100 insurance and financial services company using data, actuarial analysis, and financial engineering to support business and risk decisions.

What you will do

• Develop a multi-year stochastic credit risk model using a Merton approach for corporate bonds, commercial mortgage loans, and structured assets.
• Research credit default history and credit cycles, define assumptions, and document model scope and limitations.
• Design, execute, and review comprehensive model validation processes.
• Build analytical frameworks connecting model assumptions, inputs, outputs, and business interpretations.
• Support specialty finance underwriting and future pricing applications for products such as annuities.
• Develop junior credit risk analysts and strengthen the credit risk modeling function.

Requirements

• Experience with portfolio credit risk models, including single-factor models, Merton models, and Gaussian copula frameworks.
• Strong knowledge of default and migration behavior, credit risk cycles, default probabilities, and loss recovery.
• Understanding of risk characteristics across corporate bonds, commercial mortgage loans, and structured assets.
• Proven programming and modeling experience with Python, MATLAB, or similar tools, including Monte Carlo simulation models.
• Knowledge of insurance investment portfolio risk and statutory capital frameworks.
• Typically seven or more years of related financial risk modeling or actuarial experience; five or more years of quantitative risk modeling experience is preferred.

Nice to have

• Progress toward or completion of CFA, FRM, FCAS, FSA, CQF, or similar credentials.
• Graduate-level education in finance, economics, statistics, mathematics, actuarial science, or a related field.

Culture & Benefits

• Collaborative and agile work environment with cross-functional exposure to finance, specialty finance, asset management, actuarial, and risk teams.
• Medical, dental, and vision insurance, life insurance, and short- and long-term disability coverage.
• Paid time off, nine paid holidays, Lifetime paid time off, and Unity Day paid time off.
• 401(k) with company match and a company-paid pension plan.
• Exempt position in a normal office environment.

Hiring process

• Applications are anticipated to be accepted until October 8, 2026, although the posting may close earlier.
• Employer-sponsored work authorization is not available, and the role does not qualify for the STEM OPT extension program.