What are the responsibilities and job description for the Underwriting Officer, Specialty Lines & Property position at Argo AI?

Underwriting Officer, Argo Specialty & Property

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We have an exciting opportunity to join Argo as Underwriting Officer for the Specialty Lines Tower, including Property and other Specialty lines. This role is responsible for providing technical underwriting expertise, strong underwriting governance, and strategic support. The scope will uniquely be a hybrid of ‘second line’ (typical CUO responsibilities and governance), along with hands-on underwriting support for new and ongoing transactions. Multiline experience and aptitude needed across Property, Casualty, and Specialty, with an emphasis on Property.

Argo’s Specialty Lines Tower consists of Property (Bermuda D&F; Reinsurance), Inland Marine, Garage, Programs, and Fronting, with additional growth anticipated from new and adjacent products, including our recently launched Tax Liability team. The position will reside in Chicago or New York and report directly to the Head of Specialty Lines. As a subsidiary of Brookfield Wealth Solutions, Argo takes a long-term view towards value creation, prioritizing profitability over topline, and deeply understanding risk / reward trade-offs. This is a unique opportunity to have diverse exposure to a wide variety of businesses, be involved in a turnaround / re-build with high growth aspirations, supported by the capital and asset base of BWS (Brookfield), one of the leading global asset management companies.

Underwriting governance – providing strong, independent second line of defense

Manage underwriting authority, including the Letter of Authority (LOA) framework
Handle referrals outside of business unit authority
Manage the Tower-sponsored quarterly profitability reviews, including the file review process
Support Facultative purchasing, including referrals outside of business unit authority
Monitor and manage Natural Catastrophe accumulations, the Cat modeling requirements by business; also lead the Nat CAT event response working with the business to provide loss estimate ranges
Oversee all underwriting guidelines, maintaining latest best practice and prudent changes as industry risk evolves. Ensure underwriting compliance with regulatory updates and Argo Group standards, including policy / form updates and other wording changes

Underwriting execution – support new businesses underwriting, as well as ongoing profitability and portfolio optimization initiatives

Diligence and large-transaction underwriting for new products and transactions – particularly Programs, as well as Reinsurance (quota share assumed retrocession)

Support new product development and build-out

Collaborate and liaise with other functions, including :

Ceded Re : Support reinsurance placements and design of reinsurance structures

Risk : Work with the CRO to enhance Argo’s CAT Modeling and Exposure Management practices

Actuarial : Work with Actuarial team to continually improve Argo’s pricing approaches

Data & Analytics : Define data standards and enhance performance management dashboards

Product Management to support form development and filings

The successful candidate will have passion for profitable underwriting and specialty risk, with proactive, collaborative, roll-up-the-sleeves attitude and working style :

Hands-on Underwriting experience (10 years), ideally spanning both front-office and home-office roles

Depth in Property underwriting with understanding of exposures, valuations, pricing, PMLs / MFLs, gross vs. net economics

Program Underwriting, Whole Account, and / or Treaty experience. Breadth and versatility to support other lines across Casualty, Professional, Specialty – including the AL / GL within Garage and the non-Property exposure within Programs

Quantitative chops, ability to conduct analysis on large data sets, navigate industry-standard files (EDMs), understand limits and ROL profiles, claims distributions, actuarial pricing principles (both deterministic and stochastic); highly proficient in Excel and ability to use Argo’s Cat modeling tools.

Intuition and understanding of risk – appreciation for the distribution of outcomes (vs. point estimates), portfolio aggregation, premium-to-limit balance

Street smarts – appreciating business context; considering personal motivations; not ‘only’ trusting models; challenging face-value plans and projections

Team builder, someone who understands that success is dependent upon the performance of the team; creates strong morale; “One Argo” mindset, putting the company first; highly collaborative, able to adapt, operate with uncertain data, navigate change, handle different personalities; thrive in a start-up like environment

Operate as both ‘manager’ and ‘doer’, with willingness and ability to roll-up-the-sleeves to underwrite, analyze, and drive production of deliverables

Strong communication skills, both market-facing and internally. Ability to communicate corporate vision, frame decisions, establish common understanding, and gain alignment

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Underwriting Officer, Specialty Lines & Property

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