Senior Capital Actuary

The main purpose of this role is to lead the internal economic model for Argo Group and its subsidiaries, supporting embedded model uses such as reinsurance analysis and optimization, capital allocation, and strategic opportunities. The ideal candidate will have strong interpersonal and stakeholder management skills, a high degree of numeracy, and the ability to lead and manage projects. They will also be a qualified actuary with 8+ years of experience and a strong understanding of risks facing an organization. This is a hybrid (remote/on-site) working arrangement with travel into/work from the Chicago office location required.

• Lead the internal economic model for Argo Group and its subsidiaries
• Support embedded model uses such as reinsurance analysis and optimization, capital allocation and strategic opportunities e.g. M&A, new classes etc.
• Further establish and develop model use throughout the group such as portfolio optimization, strategic asset allocation and underwriting strategy
• Integral part of maintaining and updating the group capital model throughout the year
• Present capital related metrics and KRIs for stakeholders across group on a quarterly basis
• Refine and modify the methods used in the model according to the needs of the business e.g., structural changes, new reinsurance arrangements etc.
• Improve model governance including documentation and processes
• Parameterization of underwriting risk across Argo US and Bermuda Insurance including non-modelled risks analysis
• Responsible for analysis of model results and 1st line validation
• Integral part of risk and regulatory reporting
• Development and maintenance of reporting exhibits, MI and documentation
• Management of end-to-end projects reporting to Group Head of Capital Management
• Group role overseeing all entities and all risk components
• 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

• Strong interpersonal and stakeholder management skills
• High degree of numeracy - ability to analyze data and make sound expert judgements
• Strong Igloo skills – ability to implement new methodologies and manage model development
• Ability to lead and manage projects
• Strong written and verbal communication skills
• Strong commercial awareness of the insurance market
• Strong understanding of risks facing an organization
• Ability to work as part of a team
• Ability to work quickly with minor supervision
• Strong (re)insurance fundamentals and market knowledge
• Bachelor’s degree from an accredited college or university, preferably in Mathematics, Actuarial Finance or Science
• Qualified actuary
• 8 years+ experience required
• Knowledge of all core areas of an internal model
• Strong modeling skills
• Strong communication skills
• Good knowledge of R and SQL coding preferred
• Good analytical and abstract reasoning skills and strong organizational skills
• Knowledge of management, catastrophe models, investment analysis, PML calculations.