Head of Reserving – Specialty and Runoff
About The Position
Shared Services Argo Group 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 Argo entities are wholly-owned subsidiaries of Clearbrook Group Holdings Inc. The Head of Reserving manage and conduct US Operations and Runoff reserve related projects including review and analysis US Operations and Runoff segments reserves This is a 100% in -office position. Candidates must be able to work on-site at a designated company office during standard business hours.
Requirements
- Bachelor’s degree in Mathematics , Actuarial Science, Statistics or other related field frorm an accredited college or university
- 15+ years property/casualty insurance experience, with 10 years specifically in reserving.
- Detailed knowledge of GAAP reporting requirements
- Advanced knowledge of property/casualty insurance.
- Advanced knowledge of property/casualty insurance.
- Ability to manage, develop and motiviate a team of professionals performing highly complex tasks .
- Excellent communication skills with the ability to convey technical concepts to non-technical audiences .
- Experience with Windows and Microsoft Office Suite (particularly Excel, Outlook, Word and PowerPoint).
- Ability to work with various data software such as SQL, VBA and Power BI.
- Experience with Res Q
- Applicants must be legally authorized to work in the United States.
- At this time, we are not able to sponsor or assume sponsorship of employment visas.
Nice To Haves
- Fellow of the Casualty Actuarial Society
Responsibilities
- Lead the execution of quarterly analyses of gross and net reserves for the US Operations segment.
- Lead the execution of semi-annual analyses of gross and net reserves for the Runoff segment.
- Manage and develop staff responsible for performing US Operations and Runoff reserve reviews.
- Coordinate quarterly close activities with US Operations accounting and group accounting as needed.
- Prepare materials used in quarterly US Operations and Runoff reserve meetings and provide input to other reporting processes (Reserve Committee meeting material, quarterly reserve position walk, material for Group Audit Committee, etc.).
- Communicate reserve review results to business unit leaders.
- Assist the Chief Reserving Actuary in presenting reserve review results at quarterly reserve meetings.
- Interact with US Operations pricing, underwriting, claims and finance areas to improve processes and communication between the areas.
- Interact with IROC and Risk Management runoff claims and finance areas to improve processes and communication between the areas.
- Manage preparation of quarterly loss related GAAP disclosures and production of annual loss triangles included in the 10K.
- Lead Group technical provision calculations and produce associated actuarial opinions and reports.
- Coordinate production of quarterly capital model inputs for US Operations and Runoff.
- Continuous improvement of data, processes and reports to increase the efficiency of the US Operations and Runoff reserving and close processes and associated reporting
Benefits
- In addition to base salary, this position is eligible for an annual bonus based on company and individual performance as well as a generous benefits package.
- We offer a competitive compensation package, performance-based incentives, and a comprehensive benefits program—including health, dental, vision, 401(k) with company match, paid time off, and professional development opportunities.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Number of Employees
501-1,000 employees
