Full-Time

Deputy Head of Capital

Confirmed live in the last 24 hours

Argo Group

1,001-5,000 employees

Specialized insurance solutions for niche markets

Financial Services

Senior

Chicago, IL, USA

Requirements

Bachelor’s degree in Mathematics, Actuarial, Finance, or Science
Qualified actuary
10+ years of experience
Experience in leading or working on all areas of an internal model
Knowledge of catastrophe models, investment analysis, PML calculations

Responsibilities

Maintain an internal economic capital model
Develop model to support portfolio optimization and underwriting strategy
Lead embedded model uses such as reinsurance analysis and optimization
Provide economic capital metrics to senior management and regulatory bodies
Improve model governance and analysis of model results
Support risk management activities and stress modeling tools
Collaborate with key stakeholders and business partners

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 or NYC Office locations required.

The main purpose of this role is to lead the internal economic capital model for Argo Group and support the Head of Capital Management with all aspects related to capital management strategy including regulatory and rating agency capital models. The responsibilities include (but not limited to):

Maintain an internal economic capital model which accurately represents the organization’s risk profile.
Further establish and develop model to support with portfolio optimization and underwriting strategy.
Lead embedded model uses such as reinsurance analysis and optimization, capital allocation and strategic opportunities e.g. M&A, new classes etc.
Responsible for calibration of insurance risk and own view of risk on external vendor models (e.g. Economic Scenario Generator)
Providing timely and accurate economic capital metrics to senior management, regulatory bodies and rating agencies.
Improve model governance including documentation and processes.
Responsible for analysis of model results and 1st line validation
Support the Head of Capital in producing the capital dashboard including evaluation of different capital management options to achieve group’s strategic objectives.
Support with risk management activities, including designing, building and operating stress and scenario modelling tools to assist with the ORSA

Active collaboration, and regular communication with key stakeholders and business partners across finance, actuarial, ceded, risk management and other functions is an important part of this role.

Key Accountabilities

Management of end-to-end projects reporting to Head of Capital Management
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.
Analysis and communication of solvency position, risk tolerances and capital trends to internal and external stakeholders.
Act as Subject Matter Expert (SME) and reviewer on all aspects related to internal capital model.

Qualification

Bachelor’s degree from an accredited college or university, preferably in Mathematics, Actuarial, Finance or Science.
Qualified actuary.
10 years+ experience required.

Skills & Competencies

Strong interpersonal and stakeholder management skills
High degree of numeracy - ability to analyze data and make sound expert judgements.
Ability to work with limited resources to reach successful outcomes.
Motivated and an effective team player.
Excellent analytical and abstract reasoning skills and strong organizational skills.
Project management and planning skills.
Excellent communication skills.
Ability to work quickly with minor supervision.
Ability to articulate, to obtain buy-in from different functions.

Experience

Critical:
Experience in leading or working on all areas of an internal model.
Knowledge of catastrophe models, investment analysis, PML calculations.

Desirable:
Understanding of different accounting standards – US GAAP, US STAT, Economic etc.
Exposure to S&P, A.M. Best and BSCR capital models.

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. is an underwriter of specialty insurance products in the property and casualty market. Argo offers a full line of products and services designed to meet the unique coverage and claims-handling needs of businesses. The company is a wholly owned subsidiary of Brookfield Reinsurance Ltd. Argo and its insurance subsidiaries are rated ‛A-’ by Standard and Poor’s. Argo’s insurance subsidiaries are rated ‛A-’ by A.M. Best. More information about Argo is available at www.argogroup.com.

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.

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.
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.

Argo Group

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Argo Group serves as an ideal workplace due to its focus on specialized insurance solutions for niche markets, which provides employees with unique challenges and learning opportunities in the property and casualty sector. The company's emphasis on using advanced data analytics and digital tools highlights its commitment to staying at the forefront of technological advancement within the insurance industry. This approach not only enhances employee skill sets but also positions Argo Group as a leader in adapting to and addressing complex insurance needs.

Company Stage

N/A

Total Funding

$17.9M

Headquarters

New York, New York

Founded

1996

Growth & Insights

Headcount

6 month growth

↓ -1%

1 year growth

↑ 11%

2 year growth

↓ -2%