Actuary- National Lloyds

US-TX-Dallas
Req #
2016-2915
Type
Full-Time
Category
Product Management
(NLC) Dallas, TX - Dallas

Job Summary

Actuaries at National Lloyds play a key role in managing the financial results and direction of the company. You will be responsible for oversight of the pricing and product development process.

Essential Functions

  • Leads the development, implementation and oversight of actuarial best practices while working closely with partners in pricing, valuation, finance and corporate roles.
  • Assists in the development of risk/return pricing standards and risk management methodologies based on actuarial and capital market/economic principles.
  • Leads the review of new product strategies, GLM model development, design, pricing, and implementation.
  • Drives process improvements and insight leadership from an actuarial perspective.
  • Develops pricing indications so as to attain an underwriting profit. Prices alternative structures as needed.
  • Clearly communicates pricing indications to underwriters/senior company management. Articulates information in a way that can be interpreted and understood at all levels
  • Keeps supervisor informed of activities and situations which will impact the achievement of corporate and department goals and objectives.
  • Performs other related duties as required to achieve the goals and objectives of the company and department.

Job Requirements

  • Undergraduate Degree or 4+ years of comparable work experience; education concentration in Actuarial Sciences is preferred.
  • ACAS required, FCAS preferred
  • 5-7+ years of increasing financial, product and management experience that directly aligns with the specific responsibilities for this position
  • Experience and/or proficiency in pricing and/or risk management functions is preferred
  • Understanding with base knowledge in complete range of actuarial functions, including but not limited to, reserving, pricing, business planning, financial reporting, management information, product development, reinsurance and database management
  • Familiarity with the use of statistical modeling software (SAS, R, Emblem, etc.) highly desired. Programming and data manipulation skills a plus.
  • Basic understanding of actuarial and other insurance related models (i.e. property CAT, ROE and RBC models)
  • Strong understanding of insurance products and marketplace conditions and how they impact financial models and results
  • Strong PC and technical skills - Excel, SAS, VBA, & PowerPoint; Sound understanding of databases and data extraction
  • Crisp and confident communication of analysis, explaining complex technical information to a non-technical audience
  • Strong relationship management skills.

About the Company

National Lloyds Corporation, which traces its origins to 1948, is a niche property and casualty underwriter that is a leader in underserved markets in Texas and other Southern states. National Lloyds Corporation specializes in writing fire and homeowners’ insurance coverage for low value dwellings and manufactured homes. Insurance policies are sold by more than 4,200 independent agencies through two wholly owned subsidiaries of National Lloyds Corporation: National Lloyds Insurance Company and American Summit Insurance Corporation. The companies are licensed to sell insurance in over 30 states. National Lloyds Corporation is a subsidiary of Hilltop Holdings, Inc. With $11.9 billion in assets and $1.7 billion in common equity as of December 31, 2015, Hilltop Holdings Inc. (NYSE:HTH) is a Texas-based diversified financial holding company specializing in banking, mortgage origination, financial advisory and insurance through its wholly owned subsidiaries, PlainsCapital Corporation, National Lloyds Corporation, and Hilltop Securities Holdings. 

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