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Reinsurance Actuarial Director

Company: Aon
Location: Chicago
Posted on: April 2, 2024

Job Description:

Reinsurance Actuarial Director Location: Chicago, New York, Philadelphia, Atlanta Aon is in the business of better decisionsAt 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 Your Day Will Look Like:

  • Analyze the costs and benefits of risk transferred under reinsurance agreements via pricing analysis and dynamic risk modeling for large accounts. Oversee analysts doing the same for small to medium sized accounts.
  • Take ownership and responsibility for quality, accuracy and timely completion of analysis.
  • Understand reinsurance contracts and products (terminology, terms and conditions).
  • Take initiative on client service projects to improve processes, products or services.
  • Work with colleagues across service teams (brokers, analytics and others) to identify and respond to client needs.
  • Develop strong relationships with other analytics and broker colleagues.
  • Provide mentorship to junior colleagues on experience & exposure methods, as well as communication of their results.
  • Design the narrative & structure for client presentations to communicate analysis results to brokers and clients.
  • Communicate appropriately to both actuaries and non-actuaries via written and verbal mediums.How This Role is Different: Primary role is to support clients as requested by supervisor or brokers, across virtually any client project or internal research assignment. You will become familiar with Aon's tools and approach, contribute to their development, and present Aon's solutions and services to our clients. Directors are expected to manage junior colleagues in completing standard actuarial analyses, be hands on with more advanced analyses, and create value-added analytics. You Bring Knowledge and Expertise
    • 7+ years of experience in a Property and Casualty actuarial role
    • ACAS Credential or higher, or an advanced degree in a related field preferred
    • Proficiency in a programming language, e.g. R / Python / C / Java
    • Proficiency with MS Office suite
    • Reinsurance and/or consulting experience preferred
    • Strong ability to understand and perform mathematical and statistical calculations
    • Dynamic Financial Analysis or Economic Capital Modeling experience a plus
    • Bachelors Degree Required 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 $151-$178k 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] 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 program that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies. #LI-KT1#LI-HYBRID 2540874

Keywords: Aon, Chicago , Reinsurance Actuarial Director, Executive , Chicago, Illinois

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