Reinsurance Actuarial-Managing Director

at AON in Chicago, Illinois, United States

Job Description

STG- Reinsurance Actuarial Director

Aon’s Strategy and Technology Group (STG) are seeking an experienced actuarial student to join their team and help to accelerate the development of their actuarial advisory business focused on clients in the insurance and reinsurance industries. This is a unique opportunity to be a key part of scaling a leading differentiated consulting business. 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. This is a hybrid role in Chicago IL or New York New York. Other Locations will be considered. 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:

+ Assist upper management in developing STG’s actuarial advisory business, helping to lead growth in the insurance and reinsurance sectors, and acting as a trusted advisor to key stakeholders and client executives.

+ Successfully grow our insurance and reinsurance actuarial advisory revenue base. Support efforts to prospect new business, including:

+ Researching issues publicly disclosed in press releases, earnings calls, investor presentations, etc. and generating relevant peer or industry studies.

+ Developing targeted content to address identified client/prospect needs.

+ Calling on internal and external networks and stakeholders to generate leads and sales.

+ Oversee delivery of complex actuarial advisory services to insurers and reinsurers while managing client relationships, projects, and deliverables.

+ Deliver client presentations and become a recognized industry expert, for example, by representing Aon at client and industry events where appropriate.

+ Provide expertise to help financial institutions manage risks.

+ Support management leadership and comply with Company policies and procedures.

+ Explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public. Candidates must lead by example.

How this opportunity is different: Your role will include participating in client account management, allow you build and manage strong and sustainable relationships with clients, and will require you to respond to the needs and objectives of leadership of Aon’s insurance and reinsurance practices. The role is for an individual with a strong analytics background who is interested in actuarial and strategic consulting to insurers and reinsurers. Candidates will help consulting teams achieve successful actuarial engagements including modeling, pricing, reserving, portfolio optimization, growth, and product design optimizing outcomes for clients. Positive outcomes are highly correlated with strong teamwork. You Bring Knowledge and Expertise: Candidates should have a casualty actuary professional designation and at least eight years of relevant experience. The role is for an individual with a strong analytics background. Candidates must have proficiency with actuarial analyses such as experience and exposure rating, reserving, or stochastic modeling. Candidates should be prepared to regularly lead technical discussions in client meetings and be able to articulate various risk and reward trade-offs. Skills and experience that will lead to success:

+ 8 + years of experience in an analytics-centric environment, preferably in property/casualty insurance, reinsurance, or consulting

+ ACAS, FCAS or similar actuarial credential

+ Financial modeling, consulting, reinsurance, or credit default analytics experience preferred.

+ Strong proficiency in MS Office suite, particularly Excel and PowerPoint

+ Proficiency in R, SQL, Python, or similar languages preferred.

+ Dynamic Financial Analysis or Economic Capital Modeling experience is a plus.

How we support our colleagues 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 recognize 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. 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. Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email 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 $145K to $195K 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. The salary range reflected is based on a primary work location of State/Region. The actual salary may vary for applicants in a different geographic location. This position is eligible to participate in one of Aon’s annual incentive plans to receive [an annual discretionary bonus] [production incentives] in addition to base salary. The amount of any [bonus] varies and is subject to the terms and conditions of the applicable incentive plan. 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 p rogram that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies. #LI-KT1 #LI-HYBRID #LI-REMOTE 2532950 STG- Reinsurance Actuarial Director Aon’s Strategy and Technology Group (STG) are seeking an experienced actuarial student to join their team and help to accelerate the development of their actuarial advisory business focused on clients To view full details and how to apply, please login or create a Job Seeker account
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Job Posting: JC247126358

Posted On: Sep 04, 2023

Updated On: May 20, 2024

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