Insurance Risk Manager

1 month ago


Chicago, Illinois, United States Argo Group Full time
Job Opportunity at Argo Group

Argo Group is a leading provider of specialty insurance products, with a strong focus on innovation and customer satisfaction. We are seeking a highly skilled Insurance Risk Manager to join our team.

The successful candidate will be responsible for monitoring and assessing insurance risks within the Argo Group, working closely with underwriting and actuarial teams to enhance the underwriting and reserving process. This is a fantastic opportunity to build an excellent internal network and work with senior stakeholders across various lines and functions.

Key Responsibilities
  • Identify, assess, manage, monitor, and report all insurance risks, gross and net of reinsurance, material to Argo.
  • Design and maintain 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, including 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, particularly in insurance risk calibration and outputs.
  • Assist in the maintenance of effective systems and controls regarding exposure to aggregations of insurance risk.
  • Work with Actuarial to establish 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.
Requirements
  • 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-oriented – 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.

Argo Group is an equal opportunity employer and welcomes applications from diverse candidates. We offer a competitive compensation package, flexible work arrangements, and opportunities for professional growth and development.



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