Jobs and Careers

Director, Catastrophe Modeling

New York City, United Statesfull_timeVerifiedPosted 31 May 2023

About the role

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.

Our flexible workplace is continuously evolving to ensure all employees feel:

Comfortable bringing their whole selves to work.
Confident that they will be treated respectfully.
Recognized for their performance and provided with equal opportunities to succeed.

At Argo, skill meets opportunity. If you’re wired to raise your hand and ask, “Where can I help?”, you’ll thrive with us.

Key Accountabilities

To direct CAT Modelling activity across Property and Marine lines ensuring excellent Cat modelling service levels, accuracy, and timeliness
To oversee and enhance end-to-end CAT modelling/data capture processes, best practice modelling guidelines & data standards, maintaining up-to-date documentation
To drive process efficiencies and automation by embedding technology within the Terra and Risk Visualization Tool (RVT) platforms
To manage and train outsourcing partners in line with Argo’s internal standards
To provide portfolio optimization and actionable analytics to support the delivery of Argo’s Property objectives and to inform future strategy
To ensure CAT modelling data standards are understood, monitored, and acted upon
To provide a Cat modelling education program for underwriters and analysts
To make recommendations at an account level to drive Underwriting Margin
To produce modelled pro formas for reinsurance purchasing and business planning
To support the pre and post event exposure and loss modelling process
To leverage Reinsurance Broker capabilities where appropriate
To represent Argo at external forums, market bodies and conferences

Organizational Accountabilities

Data Requirements:

To execute all key modeling deliverables at the required frequency and quality
To provide data to the Exposure Management team to enable roll-ups and reporting
To provide timely, accurate and consistent Event Loss reports to the Event Response Group
To report to Property LOB Working Group and Group Exposure Management Committee

Communications:

To assist the Argo Property Underwriter Officer aligning Argo modelling, ensuring a globally consistent approach, and influencing future strategy
To assist the Application Support team with the ongoing development of the underwriting platforms Terra and RVT
To proactively engage with stakeholders including local face-to-face meetings

Strategy and stakeholder management:

To collaborate closely with underwriting leaders to improve risk selection and portfolio constitution.
To develop and communicate CAT modelling strategy effectively to key stakeholders.
To participate in the selection of third-party models
To evaluate new model versions and report impact of portfolios
To travel to Argo offices and attend leadership meetings where necessary.

Skills/Competencies

Modeling skills - Prepare and format risk information for direct input into cat models (RMS/Katrisk) on a timely basis.
Influencing skills – having an engaging and credible approach, capable of building trust. Adapts style to suit cultural and environmental differences.
Leadership – high level of enthusiasm and vision with which to inspire others.
Analytical skills – leverages data and analytics to create actionable insight to improve performance
Creative initiative-taker – dynamic and driven, formulates new concepts, challenges the status quo
Collaborative – establishes excellent relationships, brings people closer together, a team player
Commercial acumen – synthesizes analytical skill with commercial insight
Results orientated – consistently delivers results
Prioritization and diligence – plans work efficiently with minimal errors.
Organizational skills – consistently delivers tasks and meets deadlines.

Qualifications