Seth Hoxworth

About Seth Hoxworth

Performance-driven Actuary with 15+ years (re)insurance experience across various…

Experience

1. VP, Senior Actuary

   Citizens Inc

   Jan 2025 — Present · Austin, TX, US

   Responsible for leading all actuarial functions including risk management, product pricing, reserve setting, experience studies, providing forecasts projections to the finance team, asset/liability analysis, dividend scales, actuarial reporting, and reinsurance contracts.• Establishing, maintaining, and reviewing profitability guidelines for evaluating financial performance of business units.• Supporting the CFO by providing actuarial advice and counsel in the development of financial plans, financial reporting, achievement of strategic goals, and managing capital.• Serving as a key member of the organization\'s leadership team and implementing/maintaining actuarial processes and controls to ensure timely reporting and accurate actuarial inputs to all internal and external customers.• Evaluating mortality and lapse experience. Provide it to the Underwriting Department in a form that facilitates their analysis, with an aim toward making the underwriting process more effective.• Overseeing and approving annual preparation of Appointed Actuary’s Actuarial Opinions and Memoranda for the United States/Puerto Rico, and the Regulatory Asset Adequacy Issues Summary for the United States.• Ensuring compliance with emerging standards, such as Principles-Based Reserves (PBR) and the FASB’s Targeted Improvements for Long-Duration Contracts (LDTI).• Providing all aspects of pricing support on product development activities, business development initiatives, and ad hoc projects.• Promoting effective and agile risk governance at all levels of the organization.• Playing the lead role in attracting, hiring, and retaining top actuarial talent, including maintaining and updating the Actuarial Study program to be competitive with the industry.• Playing the lead role in identifying when external actuarial expertise is required and selecting, managing, and ensuring quality deliverables within budget.

Education

• Eastern Michigan University

  Bachelor of Science (B.S.)

  2004 — 2008