Job Description
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 position will be located either in New York or Chicago and work a hybrid schedule of 3 days per week in the office. The Insurance Risk Manager will be responsible for monitoring and assessing insurance risks within the Argo Group. The role will quickly take ownership of the Insurance Risk and Control Framework, working with underwriting and actuarial teams to continually enhance the underwriting and reserving process and acting as a second line of defense on Insurance Risk topics. This is a fantastic role which will give you the opportunity to build an excellent internal network and work with senior stakeholders across various lines and functions. Key Accountabilities Identify, assess, manage, monitor and report all insurance risks, gross and net of reinsurance, material to Argo. Design and maintain appropriate key risk indicators (KRIs) and RAG trigger limits to monitor trends in risk exposures. Provide input into the Insurance risk appetite and monitor risk profile to address timely potential breaches. Provide challenges and questioning on the management of Insurance risks, including input into the annual ORSA, business plan risk review, and updating of business plan risk watch list. Work closely with the Economic Capital Modelling team; in particular, insurance risk calibration and outputs. Assist in the maintenance of effective systems and controls regarding exposure to aggregations of insurance risk. Work with Actuarial, establishing regular reviews of the pricing and reserving processes, as well as identifying key drivers of risks and trends. Raise the profile of risk management and work with the business to support understanding. Design, socialize and develop Risk management information (MI) that facilitates visibility and oversight of current risk issues, as well as forward looking and trigger-based MI. Skills/Competencies Experience of managing cross product line risk aggregation or quantitative portfolio analysis experience. Strong communication skills with the ability to facilitate discussions and assessments at varied levels of the organization. Strong working knowledge and familiarity with the General insurance industry and an understanding of Insurance Risk. Strategic thinking - builds a strategy and roadmap, securing buy-in. Analytical skills - leverages data and analytics to deliver effective risk management. Creative self-starter - dynamic and driven, formulates new concepts, challenges the status quo. Collaborative - establishes excellent relationships, brings people closer together, a team player. Prioritization and diligence - plans work efficiently with minimal errors. Results oriented - consistently delivers results. Influencing skills - engages and builds trust with diverse stakeholders. Commercial acumen - synthesizes analytical skill with commercial insight. Organizational skills - consistently delivers tasks and meets deadlines. Qualifications Excellent academic qualifications including a university degree. Insurance/Risk qualifications are desirable. Technical Skills&Experience Experience of working within underwriting, pricing or portfolio management. Alternatively, experience working in an assurance role with a deep technical understanding of underwriting risk. Extensive knowledge and experience of operating risk management frameworks. Strong numeracy, report writing and presentation skills. Experience in a multi-national (re)insurer and delivering associated regulatory obligations. Good understanding of underwriting, ceded reinsurance, actuarial and risk management functions. Demonstrable ability to work effectively with a wide range of stakeholders internationally and across the full spectrum of hierarchy. 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. J-18808-Ljbffr