Senior Capital Actuary
Job Description
Argo Group is a leader in specialty insurance with a vibrant culture built on respect, equality, wellness and opportunity. We’re an innovative organization that’s small enough to be agile and big enough to make a difference in our industry. Â
Our flexible workplace is continuously evolving to ensure all employees feel:Â
- Comfortable bringing their whole selves to work.Â
- Confident that they will be treated respectfully.Â
- Recognized for their performance and provided with equal opportunities to succeed.Â
At Argo, skill meets opportunity. If you’re wired to raise your hand and ask, “Where can I help?”, you’ll thrive with us.Â
This is a hybrid (remote/on-site) working arrangement with travel into/work from the Chicago office location is required.
The main purpose of the role is to lead the internal economic model for Argo Group and its subsidiaries:
- Support embedded model uses such as reinsurance analysis and optimization, capital allocation and strategic opportunities e.g. M&A, new classes etc.
- Further establish and develop model use throughout the group such as portfolio optimization, strategic asset allocation and underwriting strategy
- Integral part of maintaining and updating the group capital model throughout the year
- Present capital related metrics and KRIs for stakeholders across group on a quarterly basis
- Refine and modify the methods used in the model according to the needs of the business e.g., structural changes, new reinsurance arrangements etc.
- Improve model governance including documentation and processes.
- Parameterization of underwriting risk across Argo US and Bermuda Insurance including non-modelled risks analysis
- Responsible for analysis of model results and 1st line validation
- Integral part of risk and regulatory reporting
- Development and maintenance of reporting exhibits, MI and documentation
Key Accountabilities
- Management of end-to-end projects reporting to Group Head of Capital Management
- Group role overseeing all entities and all risk components.
- Integral part of the current design and future development of model components.
- Ability to build processes and help shape developing projects.
- Communication of results and opportunities to develop model MI.
- Work with other group functions to enhance the use of the internal model within the organization.
Knowledge/Skills/Experience
- Strong interpersonal and stakeholder management skills
- High degree of numeracy - ability to analyze data and make sound expert judgements.
- Strong Igloo skills – ability to implement new methodologies and manage model development.
- Ability to lead and manage projects.
- Strong written and verbal communication skills.
- Strong commercial awareness of the insurance market.
- Strong understanding of risks facing an organization.
- Ability to work as part of a team.
- Ability to work quickly with minor supervision.
- Strong (re)insurance fundamentals and market knowledge.
- Bachelor’s degree from an accredited college or university, preferably in Mathematics, Actuarial Finance or Science.
- Qualified actuary.
- 8 years+ experience required.
- Knowledge of all core areas of an internal model.
- Strong modeling skills.
- Strong communication skills.
- Good knowledge of R and SQL coding preferred.
- Good analytical and abstract reasoning skills and strong organizational skills.
- Knowledge of management, catastrophe models, investment analysis, PML calculations.
PLEASE NOTE:Â At this time, Argo Group will not sponsor an applicant for employment authorization for this position.
If you have a disability under the Americans with Disabilities Act or a similar law and you wish to discuss potential accommodations related to applying for employment at Argo Group, please contact our Benefits Department at 210-321-8400.Â
To all recruitment agencies: Unless you have been requested to work on this position, or other positions with Argo Group, please do not forward any resumes to Argo Group employees.  Argo Group is not responsible for any fees related to unsolicited resumes.
Argo Group International Holdings, Ltd. (NYSE: ARGO) is a global multiline underwriter of specialty insurance and reinsurance products in the property and casualty market. We help power the businesses that drive the world economy, offering a comprehensive line of high-quality products and services designed to meet the unique coverage and claims-handling needs of our clients. We foster an inclusive culture that embraces diversity and design thinking, relies on innovation and agility, promotes collaborative service delivery, offers frequent, integrated communication and values authentic recognition of excellence. View our 2022 Environmental, Social & Governance Report to learn more about Argo. Â
We are an Equal Opportunity Employer. We do not discriminate on the basis of age, ancestry, color, gender, gender expression, gender identity, genetic information, marital status, national origin or citizenship (including language use restrictions), denial of family and medical care leave, disability (mental and physical) , including HIV and AIDS, medical condition (including cancer and genetic characteristics), race, religious creed (including religious dress and grooming practices), sex (including pregnancy, child birth, breastfeeding, and medical conditions related to pregnancy, child birth or breastfeeding), sexual orientation, military or veteran status, or other status protected by laws or regulations in the locations where we operate. We do not tolerate discrimination or harassment based on any of these characteristics.Â
The collection of your personal information is subject to our HR Privacy Notice
Our Benefits
Developing our employees professionally and personally strengthens our organization.
Argo Group offers an attractive Total Rewards package that includes:
- A culture that recognizes performance and empowers employees to excel, offering competitive compensation and merit driven profit sharing.
- Flexible workplace policies that support employee well-being include compressed hours, flex-time, job-sharing, remote work, sabbatical leave, holiday and summer hours.
- Comprehensive health, wellness, and financial planning options that employees can tailor to meet their personal and family needs. In addition to traditional health and wellness plans, benefits include dental, disability, life insurance, medical, and vision insurance, matching 401(k) retirement savings, generous paid time off (21 days of PTO, 11 paid company holidays, 3 floating holidays and a paid voluntary day), paid caregiver and parental leave, paid bereavement, jury duty/court appearances, and military (up to 14 days) leave, employee assistance program (EAP), and an array of voluntary benefits. Â
- Argo Academy, a digital and instructor-led platform that offers continuous learning and professional development – Training magazine lists Argo among the Training "Top 125" Companies.  Argo encourages career mobility and continuing education to pursue and maintain professional and industry designations, in addition to traditional university and higher education programs.
- An inclusive culture that develops and sponsors diverse teams, encourages cross-functional engagement and collaboration, builds community through employee resource groups (ERGs), and provides an environment that welcomes ongoing dialogue, creative innovation, professional and personal development.
- Active community outreach and volunteer programs in addition to matching charitable gifts by 100%.
- A generous Employee Referral program that results in approximately 25% of all new hires annually.
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Date Posted
05/06/2023
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9
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