The main purpose of this role is to support the Capital manager with Regulatory (BSCR) and Credit rating agencies (S&P, AM Best, Fitch) capital models. Working in close collaboration with the wider ERM team as well as the finance function, the role would be a key contributor in supporting the capital management strategy for Argo. Analysis and reporting performed on these models are used by senior leaders to drive informed decisions at Group and legal entity levels. Active collaboration, and regular communication with key stakeholders and business partners across finance, actuarial, ceded, risk management and other functions is an important part of this role.

KEY ACCOUNTABILITIES

• To help and support the annual and quarterly Bermuda Solvency filings (Argo Group and Argo Re BSCR) working closely with the Capital Manager to coordinate and manage complex reporting requirements against pre-agreed timelines.
• To support with the preparation of Bermuda Monetary Authority – GSSA report regulatory filing, to present a coherent and well-presented Group’s solvency position.
• To coordinate ad support the annual and quarterly rating agency models (S&P, AM Best and Fitch) and corresponding data calls.
• To assist in analyzing and communication of solvency position, risk tolerances and capital trends to internal and external stakeholders.
• To be the back-up person for any queries on components of the BSCR and rating agencies’ models as required.
• To work with Risk, Finance and other functions to run ad-hoc BSCR ‘what-if’ capital implication-based scenarios to meet Board scenario analysis requirements.

ROLE REQUIREMENTS - SKILLS, QUALIFICATIONS & EXPERIENCE

• Minimum of a Bachelor’s degree, preferably in Economics or Finance, from an accredited college or university required.
• Insurance related qualification, preferred.
• Actuarial or Accountancy related qualification, preferred.
• Experience of completing or contributing to Insurance regulatory capital models (such as Solvency II Standard Formula, or Bermudian equivalent).
• Experience of working with credit rating agencies on their capital models, particularly S&P and A.M. Best.
• Exposure to Solvency II regulations and practices.
• Exposure to Bermudian insurance industry and BMA regulation.
• Exposure to NAIC Own Risk & Solvency Assessment (ORSA) regulations and practices.
• Understanding of different accounting standards – US GAAP, US STAT, Economic etc.

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.