Insurance Risk Manager

US-TX-Dallas
Req #
2017-5430
Type
Full-Time
Category
Audit, Risk, Compliance & Fraud
Dallas, TX - Republic Center (HTH)
Availability
Monday-Friday 8:00am-5:00pm and as needed
Company Name
HILLTOP HOLDINGS, INC.

Job Summary

The Insurance Risk Manager is responsible for developing and implementing an “insurable risks" management program that supports the company's strategic goals while complying with state and federal laws and accreditation standards related to risk management. Responsible for managing the company’s exposure to insurable risk and for ensuring that appropriate measures are taken to maintain the risk at acceptable levels.  Works with external insurance agency(ies) in lowering both retained loss costs and purchased insurance.

Essential Functions

  1. Manage Insurance Risk strategy and processes to support corporate strategic objectives.
  2. Manage, document and implement standard systems, policies and procedures for the identification, collection and analysis of insurance risk management related data.
  3. Manage performance metrics and benchmarks.
  4. Assess the Company's catastrophic and non-catastrophic exposures and design appropriate program structures.
  5. Manage the procurement and renewal process for all lines of coverage including negotiations, delivery and payment.
  6. Manage the overall renewal process for all lines of insurance working with broker network to structure comprehensive and competitively priced insurance programs, bidding the business out to insurers, as required.
  7. Works with brokers or directly with insurance companies to negotiate all new policies and renewals and to ensure they are received timely. Audits all invoices for accuracy and timely payment.
  8. Update total insured values on properties, develops and documents allocations to business units and properties that are equitable and transparent.
  9. Oversee loss control plan and management of current claims; Collect, evaluate and track actions in insurance carrier provided databases.
  10. Monitors all new areas of business and exposure. Ensuring new entities, properties, automobiles, and employees are added to current insurance policies on a timely basis.
  11. Conduct claims meetings as needed with carriers and brokers and provide claims status and potential exposures to management.
  12. Manage loss control funding and support from brokers. Attend loss control audits as needed.
  13. Monitors minor incidents below the deductible, monitor claim progress regularly, working with Accounting, the field, the broker and the adjuster, ensure all required inspections are completed timely.
  14. Manage any property projects such as the development of an internal methodology for determining updated replacement cost values on an annual basis.
  15. Manage procurement and renewal for Workers’ Compensation insurance.
  16. Manage Surety Bond program including processing Bid, Performance & Payment bonds, Work in Progress (WIP) reporting, and facilitating overall corporate compliance.
  17. Evaluate loss control, work comp and fire risks during select scheduled ESH (environmental, safety and health) audits.
  18. Manage and track "Corrective Action Reports" from Insurance Findings.
  19. Manage claims and settlement processes from discontinued operations.
  20. Provide due diligence and integration support for the Company's mergers, acquisition and divestiture activities.
  21. Support legal and accounting for management of liability claims where applicable.
  22. Maintain department records in accordance with record retention requirements.
  23. Other duties and special projects as assigned.

Job Requirements

  1. Bachelor’s Degree in Business, Risk Management, Accounting, Finance or closely related major. In lieu of degree, relevant work experience may be substituted on a year for year basis.
  2. Relevant industry accreditations and/or certifications such as Certified Insurance Counselor (CIC), Chartered Property Casualty Underwriter (CPCU), Professional Risk Manager (PRM) or Chartered Enterprise Risk Analyst (CERA) are also a plus.
  3. 5+ years of experience in insurance risk management, including all lines of insurance.
  4. Intimate familiarity with property and casualty insurance and related programs including loss control, workers’ compensation, builders’ risk, general liability and litigation management.
  5. Must be able to demonstrate experience in evaluating and recommending insurance risk management financing options.
  6. Knowledge of federal and state insurance laws and regulations and accreditation standards.
  7. Experience in claims handling in areas for Workers’ Compensation, D&O, Auto Liability, General Liability, Property and other similar insurance programs.
  8. Demonstrated strong understanding of insurance contracts and language, underwriting procedures, premium and claims financing techniques, and claims adjustment procedures.
  9. Strong problem solving and analytical skills (both quantitative and qualitative) with the ability to analyze problems, identify alternative solutions, project consequences of proposed actions, and implement recommendations in support of company goals.
  10. Knowledge of statistics, data collection, analysis, and data presentation.
  11. Advanced computer skills, with strong experience in Microsoft Office suite including Excel and PowerPoint.
  12. Must be self-motivated team player with strong attention to detail, high level of accountability, and the ability to work independently or with a team.
  13. Excellent verbal, written, and interpersonal communication skills with the ability to interact effectively at all levels of across the organization and with external business partners. Must also have refined professional presentation skills with the ability to present to C-level executives.
  14. Excellent time management and organizational skills with the ability to multi-task and work in a fast-paced, deadline-driven, and rapidly changing work environment

About the Company

Founded in 1998 and headquartered in Dallas, Texas, Hilltop Holdings offers a diverse range of financial services through its four primary subsidiaries, PlainsCapital Bank, PrimeLending, HilltopSecurities, and National Lloyds Corporation. PlainsCapital Bank is a leading commercial bank with locations throughout Texas. PrimeLending is a national mortgage provider focused on purchase mortgage originations. HilltopSecurities provides financial advisory, clearing, retail brokerage, and other investment banking services. National Lloyds Corporation is a niche property and casualty underwriter focused on homeowners insurance for low value dwellings. Hilltop Holdings seeks to build the premier Texas-based diversified financial services holding company through acquisitions and organic growth.  To learn more, please visit www.hilltop-holdings.com.

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