Full-Time

Lead – Ceded Reinsurance Operations

Posted on 12/2/2024

Argo Group

Argo Group

1,001-5,000 employees

Specialized insurance solutions for unique risks

Social Impact
Financial Services

Mid

No H1B Sponsorship

Chicago, IL, USA

Flexible workplace policies available.

Category
Insurance
Finance & Banking
Requirements
  • Bachelor’s degree or related equivalent work experience
  • 4+ years of related work experience in reinsurance, reinsurance operations or reinsurance accounting
  • Self-motivated individual with an ability to effectively prioritize and multi-task
  • Strong analytical skills and attention to detail
  • Confident communicator at all levels of the organization and marketplace
  • Base knowledge of insurance / reinsurance concepts
  • General understanding of regulatory compliance and SOX requirements
  • Knowledge of Microsoft Office Suite and other industry software
  • Ability to work flexibly in a fast-paced environment
Responsibilities
  • Liaison to internal and external partners for ceded operations inquiries
  • Develop and enhance new processes to optimize efficiency
  • Create upper management reporting materials for related committees
  • Manage Security List and perform one-off market reviews for going concern
  • Coordinate counterparty reinsurance audits
  • Maintain reinsurance and third-party capital transaction documentation
  • Ensure adherence to SOX controls and assist with audits/financial reporting
  • Ad hoc projects and additional duties as assigned

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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