Insurance Risk Manager

Argonaut Management Services, Inc
life insurance, vision insurance, parental leave, paid time off, 401(k), profit sharing, remote work
United States, New York, New York
Nov 26, 2024
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. Designing and maintaining 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. This includes providing 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, socialization and development of 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 of the General insurance industry with 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 orientated - consistently delivers results. Influencing skills - having an engaging and credible approach, capable of building trust. Adapts style to suit cultural and environmental differences. 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. Working in a multi-national (re)insurer and delivering the 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. 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: $157,900 — $189,500 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, Ltd. 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 company is a wholly owned subsidiary of Brookfield Reinsurance Ltd. Argo and its insurance subsidiaries are rated A-' by Standard and Poor's. Argo's insurance subsidiaries are rated A-' by A.M. Best. More information about Argo is available at www.argogroup.com. 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. The collection of your personal information is subject to our HR Privacy Notice 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, and holiday 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 -Trainingmagazine 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.