Senior Actuarial Consultant - Capital Modeling, P&C Insurance

Senior Actuarial Consultant - Capital Modeling, P&C Insurance

Do you want to address the capital modeling challenges faced by insurers?

Do you want to work as part of a team who are developing cutting-edge systems for the insurance and reinsurance market?

This is a fantastic opportunity for an experienced insurance practitioner to join a collaborative, friendly, dynamic working environment, with the chance to work with cutting-edge modeling platforms and high-profile clients.

It is a hybrid role that can offer flexibility to work both virtually and from our Chicago office.

Aon is in the business of better decisions

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.

As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.

What the day will look like

We are looking for a highly motivated individual to join our Risk and Capital Modeling Technology team, which delivers high quality cutting-edge solutions and projects to support our colleagues and clients. As a key member of our team, you will play a vital role in meeting the expectations of our clients and enhancing Aon's Capital Modelling Solution Suite, encompassing the Tyche Capital Model ('TCM') and ReMetrica tools. This role is expected to predominantly focus on the TCM product, although opportunities to work on other parts of the solution suite will be available.

The successful candidate will have strong technical skills, enjoy product development/coding, and working with both clients and team members on bespoke model builds. In addition, they would possess exceptional communication skills and have a capital modeling background.

This role is within Aon's Strategy and Technology Group (STG).

Day to day activities will include:

• Model development:

o Working in a multi-disciplinary team to design, implement, and review capital modeling solutions for (re)insurers

o Leading the development work on new initiatives, including project planning/governance and perform coding tasks as required

o Staying up to date on all development work and new software features

• Client delivery and prospecting support:

o Liaising with clients to gather business requirements on bespoke model builds and perform development tasks as the technical leader

o Assisting in on-boarding new clients and implementation projects, working with the US P&C Actuarial Consulting team and the Platform Delivery team.

o Delivering demos of Tyche and TCM to prospects and existing clients

o Supporting prospecting of new opportunities through trials

• Team-centric outlook:

o Collaborating with other team members, including those in the London office.

o Supporting and training users of our systems

o Communicating (written and verbal) with internal key stakeholders and clients

How this opportunity is different

STG is Aon's new global consulting and technology business focused on, but not limited to, insurance and reinsurance companies and other participants in the insurance industry. The business provides strategy consulting, technology solutions and advisory services to many of the most prestigious companies in Global (Re)insurance. We have privileged access to Aon's proprietary data, software, and the knowledge of its global network of insurance industry experts to derive unique and compelling insights into the sources of competitive advantage in our industry.

Aon's software platform, Tyche, is one of the modelling software tools within Aon's Capital Modelling Solution Suite, used by some of the largest insurance and reinsurance firms worldwide, which benefit from the ground-breaking capabilities that Tyche gives them. Our consulting team provides a full breadth of actuarial services including Tyche implementations and developing solutions in Tyche. We have a strong team of exceptional developers, and our IT team offer fully hosted solutions.

Required Qualifications

• 5+ years of experience in the P&C Insurance sector in an actuarial role
• 2+ years of experience in the P&C Insurance sector in a risk and/or capital modeling role
• 2+ years of experience at coding (Python, SQL desirable) and developing modeling solutions
• Technical knowledge of capital modeling techniques

Education: Bachelor's degree in Actuarial Science, Mathematics, Statistics, a related field, or equivalent years of industry experience.

Skills and experience that will lead to success

• Knowledge of rating agency and/or regulatory capital modeling framework(s);
• Knowledge of stochastic financial modeling software;
• Knowledge of Tyche would be advantageous;
• Experience leading and managing development projects and/or teams;

How we support our colleagues

Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: a 401(k) savings plan with employer contributions; an employee stock purchase plan; consideration for long-term incentive awards at Aon's discretion; medical, dental and vision insurance, various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance program that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.

In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two "Global Wellbeing Days" each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!

Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation on ReasonableAdjustments@Aon.com

Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.

For positions in San Francisco and Los Angeles, we will consider for employment qualified applicants with arrest and conviction record in accordance with local Fair Chance ordinances.

Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

Pay Transparency Laws:

The salary range for this position (intended for U.S. applicants) is $125,000 to $150,000 annually. The actual salary will vary based on applicant's education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant's geographic location.

This position is eligible to participate in one of Aon's annual incentive plans to receive an annual discretionary bonus in addition to base salary. The amount of any bonus varies and is subject to the terms and conditions of the applicable incentive plan.

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