Entry Level Business Analyst Jobs in Romeoville, IL

Company

Argo and Farm Family are specialty property and casualty insurance brands whose underwriting companies are wholly-owned subsidaries of Clearbrook Holdings Inc. Argo and Farm Family partner with agents and brokers to provide insurance solutions that enable businesses to manage risks with confidence.

Job Description

Summary:

This is an entry-level position which supports the capital team primarily with maintaining and developing regulatory (RBC, BSCR) and credit rating agency capital models (AM Best, S&P, Fitch). Supporting the company's internal capital model may be involved as well. This role will work in close collaboration with Enterprise Risk Management (ERM), Catastrophe and Exposure Management, Finance, and other cross-functional teams. The position contributes to analysis and reporting that informs capital management decisions across the organization.
We are looking for this position to be filled in our Omaha, NE office. Alternatively, we would accept candidates to work out of our Albany, NY, New York, NY, and Chicago, IL office.

The role provides an opportunity to build foundational knowledge of capital modeling, regulatory requirements, and insurance risk management while supporting key activities that help senior leaders assess the organization's solvency position and capital strategy. This role can be an actuarial exam-track position.

This is a 100% in-office position. Candidates must be able to work on-site at a designated company office during standard business hours.

Essential Responsibilities:

• Assist in the preparation and coordination of annual and quarterly reporting by supporting data gathering, validation, and documentation under guidance from senior team members.

• Support the preparation of regulatory submissions, including contributions to Bermuda Monetary Authority (BMA) and NAIC filings (e.g. RBC, BSCR, and ORSA), ensuring information is organized and clearly presented.

• Provide support for rating agency capital models (AM Best, S&P, Fitch), including assisting with data collection, reconciliations, and responding to data requests.

• Assist in analyzing and summarizing capital position, solvency metrics, and trends, helping to prepare materials for internal and external stakeholders.

• Collaborate with teams across Risk, Finance, Actuarial, and Ceded Reinsurance to support capital-related analyses and reporting.

• Support execution of ad hoc capital scenario analyses ("what-if" scenarios) to evaluate potential impacts on capital and solvency measures.

• Develop familiarity with components of regulatory and rating agency models and assist in addressing basic queries with oversight from senior team members.
  

Qualifications / Experience Required:

• Bachelor's degree in mathematics, finance, economics, actuarial science, physical sciences, or a related field required.

• 0-1 years of experience, including internships or academic projects related to finance, insurance, or risk management.

• Progress toward or interest in actuarial, insurance, or accounting qualifications is a plus.

• Strong analytical and numerical skills with attention to detail.

• Basic understanding (or academic exposure) to financial concepts, capital models, or risk frameworks.

• Ability to work collaboratively across teams and communicate effectively.

• Proactive learning mindset with the ability to manage multiple tasks under supervision.

• Proficiency in Excel and Microsoft Office tools (preferred).
• Interest in or proficiency with Python programming and/or SQL is a plus
  

This role is designed to build foundational knowledge and skills in:

• Insurance regulatory frameworks (e.g., RBC, BSCR, Solvency concepts)

• Capital modeling and financial analysis

• Interaction with rating agencies and regulatory environments

• Cross-functional collaboration within a global insurance organization
  

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, this position is eligible for an annual bonus based on company and individual performance as well as a generous benefits package.

• Omaha and Albany Pay Range: $51,5000 - $62,300
• Chicago Pay Range: $57,000 - $68,500
• New York City Pay Range: $61,500- $74,700

PLEASE NOTE:

Applicants must be legally authorized to work in the United States. At this time, we are not able to sponsor or assume sponsorship of employment visas.

If you have a disability under the Americans with Disabilities Act or similar state or local law and you wish to discuss potential reasonable accommodations related to applying for employment with us, please contact our Benefits Department at 210-321-8400.

Benefits and Compensation

We offer a competitive compensation package, performance-based incentives, and a comprehensive benefits program-including health, dental, vision, 401(k) with company match, paid time off, and professional development opportunities.

Core Values

At Clearbrook our Core Values are Integrity, Collaboration, Pursuit of Excellence and Forward Thinking. These values reflect who we are today and who we apsire to be - guiding how we work, how we lead and how we succeed.