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Actuarial Analyst - Pricing

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. 

We have a current opening for a an Actuarial Analyst – Pricing in our Chicago office.  This role is critical to supporting the actuarial pricing strategy at Argo. 

We seek an individual that can support business partners regarding optimization of the portfolio. Our expectation is for continuous development of actuarial skills towards working independently, problem-solving issues and bringing fresh ideas for improvements to the team.

 

RESPONSIBILITIES:

  • Work in a team environment with underwriting, claims, financial, IT, digital and marketing professionals.
  • Data work in R, Python, SQL, Excel and PowerBI including data cleansing/manipulation.
  • Support a full range of actuarial and financial analysis to quantify performance including predictive modeling.
  • Work closely with business partners at managing actuary’s direction to provide ways to improve portfolio performance.
  • Support evaluation of new business opportunities and/or programs and share recommendations with business partners.
  • Participate in loss ratio planning and reforecast process on a quarterly basis including rate change, loss trend, mix shift and non-rate actions.
  • Explore and become proficient in new tools to drive efficiency and refine existing workflows.
  • Create and automate datasets and reports for actuarial analysis.
  • Complete rate filings, where applicable.

 

QUALIFICATIONS:

  • Bachelor’s Degree, Mathematics, Actuarial Science or Finance related. 3+ exams in current pursuit of ACAS or equivalent experience.
  • 2+ years of actuarial experience, preferably with commercial GL or AL lines. Casualty, Construction, or Environmental lines experience is viewed as a plus.
  • 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 collaborative product. 
  • Ability to support concurrent projects.
  • Polished and professional written and verbal communication skills.
  • Must be detail-oriented and able to quickly evaluate accuracy of information.
  • Proficient PC skills developed through extensive use of Windows and Microsoft Office Suite (particularly Excel, Outlook, and Word).
  • Predictive modeling experience a plus
  • Rate filing experience a plus.
  • Creative and flexible mentality.

 

TRAVEL: Must be able to travel up to 15% of the time.

 

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 – 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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CEO of Argo Group
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Thomas A. Bradley
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Average salary estimate

$72500 / YEARLY (est.)
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$65000K
$80000K

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What You Should Know About Actuarial Analyst - Pricing, Argo Group

Join Argo Group as an Actuarial Analyst - Pricing in our vibrant Chicago office, where collaboration and innovation are at the heart of what we do. At Argo, we pride ourselves on fostering a culture of respect, wellness, and equal opportunity, so you can bring your whole self to work. As an Actuarial Analyst, you'll play a crucial role in shaping our actuarial pricing strategy and optimizing our portfolio alongside underwriting, claims, financial, IT, and marketing professionals. You’ll be diving into data using R, Python, SQL, Excel, and PowerBI—doing everything from data cleansing to predictive modeling. Your insights will guide our business partners and help evaluate new opportunities, as you automate datasets and develop reports to support evolving workflows. If you have a passion for continuous improvement and a strong desire to develop your actuarial skills, you've found the right place! At Argo, you won’t just be doing a job; you’ll be building a career in a supportive environment where your ideas are welcomed, and your growth is a priority. If you’re eager to tackle challenges, explore new tools, and communicate findings effectively, your journey begins here. Join us and help make a difference in the specialty insurance industry!

Frequently Asked Questions (FAQs) for Actuarial Analyst - Pricing Role at Argo Group
What does an Actuarial Analyst - Pricing do at Argo Group?

As an Actuarial Analyst - Pricing at Argo Group, you will engage in critical actuarial tasks that drive our pricing strategy. You’ll work with data using programming languages like R and Python to conduct financial analyses, optimize portfolios, and support decision-making processes with actionable insights. Your role will also include collaborating with various teams, participating in loss ratio planning, and automating reporting processes to enhance efficiency.

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What qualifications are needed for the Actuarial Analyst - Pricing position at Argo Group?

To qualify for the Actuarial Analyst - Pricing position at Argo Group, you should have a Bachelor’s degree in Mathematics, Actuarial Science, or Finance, along with at least 2 years of actuarial experience. Candidates pursuing ACAS with 3 or more exams are ideal. Experience in commercial GL or AL lines is preferred, along with familiarity with programming languages like SQL, R, or Python.

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What is the work environment like for an Actuarial Analyst - Pricing at Argo Group?

The work environment for an Actuarial Analyst - Pricing at Argo Group is collaborative and dynamic. You’ll be part of a supportive team that values agility and innovation. The culture emphasizes respect and inclusiveness, allowing you to bring your whole self to work. Moreover, flexible workplace policies enhance employee well-being, making it an ideal setting for professional growth.

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How can Actuarial Analysts at Argo Group contribute to portfolio optimization?

Actuarial Analysts at Argo Group play a key role in portfolio optimization by analyzing data to identify trends and insights. You’ll collaborate with business partners to evaluate new opportunities and recommend strategies for improving performance. By leveraging predictive modeling and data analytics, your analysis will directly impact decision-making processes and drive the company’s success.

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What software tools do Actuarial Analysts at Argo Group use?

In the Actuarial Analyst - Pricing role at Argo Group, you’ll use a variety of software tools, including R, Python, SQL, Excel, and PowerBI. These tools are essential for data cleansing, manipulation, predictive modeling, and creating automated reports. Familiarity with these tools will enable you to derive meaningful insights and support the actuarial analysis efficiently.

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Is there room for advancement for Actuarial Analysts at Argo Group?

Yes, there is significant room for advancement for Actuarial Analysts at Argo Group. The company is committed to developing its employees both professionally and personally. With programs like Argo Academy, continuous learning, and support for pursuing industry certifications, you'll have ample opportunities to advance your career while contributing to the organization's success.

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What benefits does Argo Group offer to its Actuarial Analysts?

Argo Group offers a comprehensive benefits package for its Actuarial Analysts, including competitive compensation, flexible workplace policies, extensive health and wellness options, generous paid time off, and retirement savings plans. Additional benefits such as professional development opportunities and community outreach programs further enhance the overall employee experience.

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Common Interview Questions for Actuarial Analyst - Pricing
What key skills do you possess that make you a strong candidate for the Actuarial Analyst - Pricing role at Argo Group?

Highlight your technical skills like proficiency in R, Python, or SQL, along with your analytical abilities and understanding of insurance principles. It’s important to convey your communication skills, showing how effectively you can present complex information to stakeholders, and your ability to work collaboratively in a team-oriented environment.

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Can you describe a time when you used data analysis to solve a problem?

Share a specific instance where you analyzed data to identify a problem and implemented a solution. Explain the methods you used, the outcome of your analysis, and the impact of your recommendations on the project or organization, illustrating your analytical and problem-solving capabilities.

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How do you stay current with developments in actuarial science?

Discuss your commitment to continuous learning through attending industry conferences, pursuing additional certifications, or engaging in professional actuarial associations. Mention specific resources like online courses or journals that you utilize to stay up-to-date with actuarial practices and trends, showcasing your dedication to professional growth.

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What experience do you have with predictive modeling?

Describe any relevant experiences you have with predictive modeling, specifying the tools you used, the type of models you developed, and the results achieved. Explain how this experience has prepared you to contribute effectively to the Actuarial Analyst - Pricing role at Argo Group by driving insights and optimizing pricing strategies.

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How would you approach a complex actuarial task with tight deadlines?

Demonstrate your organizational skills and time management strategies by discussing how you would prioritize tasks, break down the project into manageable steps, and ensure quality while meeting deadlines. Stress the importance of clear communication with team members to coordinate efforts effectively under pressure.

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Describe your experience working with cross-functional teams.

Provide examples of how you've collaborated with professionals from various departments, such as underwriting or finance, to achieve common goals. Highlight your ability to adapt your communication style to different audiences, fostering strong relationships to enhance teamwork and project outcomes.

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Can you explain a financial concept to someone without an actuarial background?

When asked this question, grab the opportunity to demonstrate your communication skills by simplifying a technical concept such as loss ratios or risk assessment. Use relatable analogies or examples to convey the message effectively, ensuring that your explanation is clear and digestible for those unfamiliar with actuarial terminology.

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What role does data cleansing play in actuarial analysis?

Explain the significance of data cleansing in maintaining accuracy and reliability in actuarial work. Discuss the techniques you use to identify and rectify data inconsistencies or errors, emphasizing how this foundational step contributes to effective decision-making and sound pricing strategies.

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Why are you interested in working at Argo Group specifically?

Share your passion for Argo Group’s culture of innovation and inclusivity, as well as your alignment with the company’s values. Mention specific aspects of Argo Group’s offerings or projects that resonate with you, illustrating your enthusiasm for contributing to their mission in the specialty insurance sector.

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How do you handle feedback and constructive criticism?

Discuss your positive attitude toward receiving feedback, using it as a tool for personal and professional growth. Share an example of a time you received constructive criticism, detailing how you implemented the suggestions and the positive results that followed, emphasizing your willingness to learn and improve.

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54 jobs
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VIEW MATCH
FUNDING
DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
SALARY RANGE
$65,000/yr - $80,000/yr
EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
November 24, 2024

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