Senior Capital Actuary

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. 

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:  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. 

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 de