Actuary- Reserving

Argo AI; New York (NY); On-site; USD 133,000 - 159,000; Full time

Job summary

Argo Group seeks an experienced actuary to perform Financial Lines and Specialty reserve analyses. The role involves conducting reserve reviews, preparing reports, and collaborating with various professionals. Candidates should have a degree in actuarial science and significant experience in property/casualty insurance. This position offers a competitive salary and a comprehensive benefits package.

Benefits

Comprehensive health, wellness, and financial planning options

Generous paid time off (21 days of PTO, 11 paid holidays)

Flexible work policies including flex time and floating holidays

Continuous learning and professional development opportunities

Employee Referral program

Qualifications

• 5+ years of property/casualty experience, preferably with commercial lines.
• 5+ exams of the Casualty Actuarial Society in pursuit of credentials.
• Strong communication skills with the ability to convey technical concepts.

Responsibilities

• Perform reserve reviews under the direction of the Head of Reserving.
• Prepare reserving related reports for Financial Lines and Specialty Reserving.
• Conduct a full range of actuarial and financial analysis.

Skills

Communication

Detail-oriented

Teamwork

Analytical Skills

Education

Bachelor’s degree in actuarial science, mathematics, or related field

Tools

SQL

R

Python

VBA

Power BI

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 collaborative 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.

Overview: Perform Financial Lines and Specialty reserve analyses and related activities including financial close activities and ad hoc projects.

Accountabilities:

• Perform reserve reviews under the direction of the Head of Reserving - Financial Lines and Specialty.
• Prepare reserving related reports for Financial Lines and Specialty Reserving including quarterly reserve meeting material.
• Work in a team environment with underwriting, claims, financial, and IT professionals.
• Conduct a full range of actuarial and financial analysis to quantify performance.
• Improvement of data and reports to increase the efficiency of the US Operations close process and associated reporting.

Qualifications:

• Bachelor’s degree in actuarial science, mathematics, or related field of study.
• 5+ exams of the Casualty Actuarial Society in pursuit of credentials.
• 5+ years of property/casualty experience, preferable with commercial lines.
• Experience with at least one coding language (SQL, R, Python, VBA, etc.)
• Broad knowledge of property/casualty insurance.
• Strong communication skills with the ability to convey technical concepts to non-technical audiences.
• Ability to interact and work within a team environment and approach actuarial work as a collaborative product.
• Ability to manage concurrent projects.
• Polished and professional written and verbal communication skills.
• Detail-oriented and able to quickly evaluate the accuracy of information.
• Proficient 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 ResQ is a plus.

The base salary range provided below is for hires in those geographic areas only and will be commensurate with candidate experience. Pay ranges for candidates in other locations may differ based on the cost of labor in that location. In addition to base salary, all employees are eligible for an annual bonus based on company and individual performance as well as a generous benefits package.

Chicago 122,400-145,600

New York City 133,600-159,000

The base salary range provided below is for hires in those geographic areas only and will be commensurate with candidate experience. Pay ranges for candidates in other locations may differ based on the cost of labor in that location. In addition to base salary, all employees are eligible for an annual bonus based on company and individual performance as well as a generous benefits package.

New York City Pay Range:

$133,600 - $159,000 USD

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, Inc. (“Argo” or the “Company”) is a wholly owned subsidiary of Brookfield Wealth Solutions, Ltd. (“BWS”), a New York and Toronto-listed public company. Argo, with over $8 billion of assets on its balance sheet, is a leading underwriter of specialty insurance products in the property and casualty (P&C) market, working with independent agents, wholesale brokers, and retail brokerage partners to deliver collaborative solutions for niche markets.

BWS is a leading wealth solutions provider, focused on securing the financial futures of individuals and institutions through a range of wealth protection and retirement services, and tailored capital solutions. BWS is backed by Brookfield Corporation, a leading global investment firm whose asset management business manages more than $1 trillion in assets as of September 30, 2024.

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.

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.
  
  
• Workplace policies that support employee well-being include flex time and floating holidays.
  
  
• 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.
  
  
• A generous Employee Referral program that results in approximately 25% of all new hires annually.

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