Actuary - Pricing

Posted 19 Days Ago
Be an Early Applicant
Chicago, IL
126K-149K Annually
Senior level
Insurance
The Role
As an Actuary in Pricing at Argo Group, you will support the actuarial pricing strategy for specialty businesses, conduct financial analysis, guide business partners on performance improvement, evaluate opportunities, and lead loss ratio planning while exploring new tools to enhance efficiency.
Summary Generated by Built In

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. 

The Actuary - Pricing role is critical to supporting the actuarial pricing strategy for the Specialty businesses at Argo.  We seek an individual with the ability to provide direction to business partners regarding optimization of the portfolio. Our expectation is this role works independently, problem-solving issues and bringing fresh ideas for improvements to the team.

This role will require you to be onsite, 5 days a week, at one of our office locations – Chicago, IL, New York, NY, San Antonio, TX, Richmond, VA, Omaha, NE.

RESPONSIBILITIES:

  • Work in a team environment with underwriting, claims, financial, IT, and marketing professionals supporting our Specialty lines businesses.
  • Conduct a full range of actuarial and financial analysis to quantify performance.
  • Work closely with business partners and provide direction on ways to improve portfolio performance.
  • Evaluate new business opportunities and/or programs and share recommendations with business partners.
  • Lead loss ratio planning and reforecasting process quarterly, including rate change, loss trend, mix shift, and non-rate actions.
  • Explore new tools to drive efficiencies and refine existing workflows.
  • Create and automate datasets and reports for actuarial analysis.
  • Manage rate filings, where applicable.

QUALIFICATIONS:

  • Bachelor’s Degree, Mathematics, Actuarial Science, or Finance related.
  • At least ACAS or 5+ exams in current pursuit of ACAS or equivalent experience.
  • 5+ years of actuarial experience, preferably with commercial lines.
  • Experience with at least one coding language (SQL, R, Python, SAS, VBA, etc.).
  • Broad overall knowledge of insurance.
  • Strong communication skills with the ability to convey technical concepts to management and other functional areas.
  • 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.
  • Must be detail-oriented and able to quickly evaluate the accuracy of information.
  • Proficient PC skills developed through extensive use of Windows and Microsoft Office Suite (particularly Excel, Outlook, and Word).
  • Rate filing experience a plus.
  • Creative and flexible mentality.

Travel - up to 10%.


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.

Illinois Pay Range:

$125,500$149,200 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. 

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.
  • 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.

Top Skills

Python
R
SAS
SQL
VBA
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The Company
Houston, Texas
1,296 Employees
Remote Workplace
Year Founded: 1948

What We Do

Argo Group is a U.S.-focused underwriter of specialty insurance products in the property and casualty market. We offer a full line of products and services designed to meet the unique coverage and claims-handling needs of businesses.

Since 1957, we share a firm commitment to working together with independent agents, wholesale brokers and retail brokerage partners to deliver innovative products for niche markets. Headquartered in Bermuda, we’re a diverse company with multiple offices in the United States, United Kingdom, Brazil and United Arab Emirates.

Our belief that the company’s success is linked to our employees drives our commitment to creating an environment and culture of respect where everyone can thrive. We value helping the communities around us, growing alongside our employees through innovation and creating a workplace with work-life balance.

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