Full-Time

Head of Reserving

Financial Lines & Specialty

Updated on 11/22/2024

Argo Group

Argo Group

1,001-5,000 employees

Specialized insurance solutions for unique risks

Social Impact
Financial Services

Senior, Expert

No H1B Sponsorship

Chicago, IL, USA

Position is for the office in Chicago.

Category
Insurance
Finance & Banking
Required Skills
Data Analysis
Requirements
  • Bachelor's degree from an accredited college or university.
  • FCAS designation.
  • 15+ years of property/casualty insurance experience, with 10 years specifically in reserving.
  • Excellent interpersonal/communication skills and committed individual/team work ethic.
  • Ability to effectively interact with the executive team and peers in actuarial and finance.
  • Ability to motivate others.
Responsibilities
  • Lead the execution of quarterly analyses of gross and net reserves for business units with current gross reserves of $1.5 billion.
  • Manage and develop staff responsible for performing reserve reviews for assigned business units (currently three actuaries).
  • Coordinate quarterly close activities with Argo’s accounting group, as needed.
  • Prepare materials used in quarterly reserve meetings and provide input to other reporting processes (Reserve Committee meeting material, quarterly reserve position walk, etc.).
  • Communicate results to business leaders, the Chief Underwriting Officer, and the Chief Claims Officer.
  • Interact with pricing, underwriting, claims, and finance areas to improve processes and communication between the areas.
  • Continuous improvement of data, processes, and reports to increase the efficiency of the reserving and close processes and associated reporting.

Argo Group operates in the specialty insurance market, providing customized insurance solutions for businesses and individuals facing unique or complex risks. The company focuses on industries with higher risk profiles, such as construction, marine, and energy, allowing it to offer expert risk assessment and management services. Argo generates revenue through premiums paid by policyholders, which are then invested to create additional income. This approach, combined with effective claims management, helps maintain profitability. Unlike many competitors, Argo emphasizes corporate responsibility and community engagement, fostering long-term relationships with clients and partners. The company's goal is to ensure mutual success while promoting an inclusive workplace and participating in initiatives related to diversity, sustainability, and disaster relief.

Company Stage

Acquired

Total Funding

$17.9M

Headquarters

Pembroke, Bermuda

Founded

1996

Simplify Jobs

Simplify's Take

What believers are saying

  • Argo's recent acquisition by Brookfield Reinsurance could provide new growth opportunities and financial stability.
  • The company's commitment to an inclusive workplace and professional growth fosters a positive work environment.
  • Argo's focus on sustainability and disaster relief initiatives enhances its reputation and long-term client relationships.

What critics are saying

  • The departure of key executives to competitors like AXIS Capital could impact Argo's talent pool and operational efficiency.
  • Integration challenges following the acquisition by Brookfield Reinsurance could disrupt business operations.

What makes Argo Group unique

  • Argo Limited specializes in niche markets like construction, marine, and energy sectors, offering tailored insurance solutions that standard policies do not cover.
  • The company's strong focus on corporate responsibility and community engagement sets it apart in the insurance industry.
  • Argo's leadership in risk assessment and management for high-risk industries provides a competitive edge over more generalized insurance providers.

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