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Accounting / Finance
Argonaut Management Services, Inc Looking for Ceded Re Operations Associate at Chicago, IL Full Time
Job Description
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 works with all operational aspects of ceded reinsurance and third-party capital transactions across Argo Group. This position is focused on daily operational assignments from Ceded Re Operations Manager to support management and execute on processes and projects required for full transparency of the ceded related figures within the organization.
Key Accountabilities
- Partner with Operations manager on all ceded operational, financial and accounting queries.
- Ensure data accuracy, including coordination of reconciliation of the treaty results with accounting team to confirm that the ceded results agree to the terms of the ceded agreements for the businesses.
- Maintain documentation for communicating reinsurance and third-party capital transactions for internal and external parties.
- Provide contract lifecycle management and governance
- Respond to requests for internal and external audit for year end, quarterly reporting, and SOX control reviews.
- Produce materials for ceded reinsurance related committees
- Liaise with brokers, business unit heads, ceded re and IT to coordinate counterparty audits.
- Ad-hoc projects including research and data analysis.
- Maintain SOX control documentation including treaty set-up documentation, reinsurer ratings, source system data reconciliation to ceded systems, and treaty population completeness controls.
- Produce supporting reports and data for regulatory requirements, including Solvency II, Schedule F, Lloyd’s SBF.
Role Requirements: Qualifications / Skills / Competencies / Technical Skills / Experience
- College Degree or related equivalent work experience.
- 2 to 5 years of related work experience in financial services with industry experience, whether primary, broker or reinsurance preferred.
- Basic understanding of Ceded Reinsurance and/or Retrocessional covers – – including understanding the workings of both Treaty and Facultative reinsurance.
- Ability to accurately research and follow through on problems, as well as initiate resolution.
- Basic understanding of regulatory requirements (NAIC, US GAAP, Solvency ll and Lloyd’s Reporting Requirements) along with solid understanding of SOX and regulatory compliance.
- Adaptable and willing to work on projects with minimal supervision to support management objectives as well as ability to think intuitively.
- Strong computer skills required; Microsoft Office Suite (particularly Excel, Outlook, PowerPoint, and Word), SQL or Power PI a plus
- Ability to communicate clearly and succinctly whether in oral or written form.
- Candidate must be flexible; team-oriented and have strong administrative skills that include ability to prioritize and multi-task.
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.
The salary range for this role is up to $93,000, depending on experience. The published salary range applies to applicants that reside in the state of Colorado only.
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.
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. (NYSE:) is a global multiline underwriter of specialty insurance and reinsurance products in the property and casualty market. We help power the businesses that drive the world economy, offering a comprehensive line of high-quality products and services designed to meet the unique coverage and claims-handling needs of our clients.We foster an inclusive culture that embraces diversity and design thinking, relies on innovation and agility, promotes collaborative service delivery, offers frequent, integrated communication and values authentic recognition of excellence. View our to learn more about Argo.
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
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, holiday and summer 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 –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 in addition to matching charitable gifts by 100%.
- A generous Employee Referral program that results in approximately 25% of all new hires annually.
