Chief Reserving Actuary

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.

The Chief Reserving Actuary serves as the lead actuary for reserving at Argo and will report to the Group Chief Actuary. The Chief Reserving Actuary holds comprehensive management and oversight of Argo’s actuarial reserving function, including ensuring the appropriateness and adequacy of reserves. The role will work closely with the Chief Actuary Officer & Chief Financial Officer supporting the evaluation of the Group's reserves.

In addition, the Chief Reserving Actuary (CRA) will ensure the appropriateness, effectiveness, and execution of controls surrounding the actuarial reserving function.

The ideal candidate will have strong leadership, hands-on, and strategic reserving expertise, and at least 10 ten years of experience in leadership and people management.

As Chief Reserving Actuary, you will :

• Lead the analysis of corporate loss and loss expense reserves on a quarterly basis. The resulting analysis and direction are presented quarterly.
• Communicate reserve analysis and direction to the Board of Directors.
• Communicate reserve analysis and direction to external parties such as state examiners and IRS.
• Prepare Schedule P of the Annual Statement and various corporate statements of Opinion.
• Work directly with Claims leadership to assess claims handling processes and impact on reserves.
• Interact with the Company’s auditors, regulators, and rating agencies to communicate all reserving updates.
• Set appropriate reporting metrics to manage/understand the business.
• Collect, prepare, and present all relevant data regarding production and performance. Analyze information and identify relevant trends.
• Provides executive leadership the actuarial analysis (reserve analysis) of potential growth opportunities, including new niches and lines of business, programs, affiliations, strategic partnerships, and mergers and acquisitions.
• Perform other duties as assigned.

Position Requirements:

• 15 years of experience in a P&C insurance environment with a strong emphasis on reserving and reinsurance.
• 10 or more years of prior management/supervision experience.
• Actuarial Fellow Designation (FCAS) and Member of the American Academy of Actuaries (MAAA) required.
• Bachelor’s degree or equivalent experience in Mathematics, Business, and/or related field.
• Demonstrated leadership abilities.
• Demonstrated communication skills, verbal and written, with a variety of audiences at all levels, both internal and external.
• In-depth understanding of property-casualty insurance.
• Ability to gain a thorough knowledge of the company (internal and external) and its products.
• Ability to look at the entire company scope and develop key strategic ideas in action plans.
• Strong relationship and team-building capabilities, project management skills, and ability to successfully lead a diverse team.
• Proficient skills in using MS Office along with general knowledge of digital applications.

PLEASE NOTE:  At this time, Argo Group will not sponsor an applicant for employment authorization for this position.

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.

The base salary range provided below will be commensurate with candidate experience.  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: $248,500—$306,100 USD

We are an Equal Opportunity Employer.

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.