Aon is looking for an Associate Director, Consulting Valuation Actuary. As part of an industry-leading team, you will help empower results for our clients by delivering innovative and effective solutions as part of our Solutions & Technology Group (STG) within Aon Reinsurance, in Toronto, Ontario (or work remotely). As an Associate Director, you will report directly to the Director, Consulting.
Your impact as an Associate Director: STG provides high-efficiency computing software, consulting services as well as advisory services to financial intermediaries, primarily insurance companies. STG's high-performance software platform, PathWise™, provides companies with the ability to easily model financial obligations without involved coding and is run on Graphical Processing Units (GPU), making it the fastest, readily available software platform currently in use in the insurance industry. STG's consulting services have focused primarily on actuarial analysis, reinsurance modeling and structuring, reviews of hedging programs, and modeling of insurance liabilities and financial assets.
This role is not eligible for sponsorship, and we are unable to sponsor or take over sponsorship of an employment visa or work permit. As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed. Develop and maintain actuarial liability models that integrate complex insurance product features and perform reserve and capital calculations in accordance with appropriate regulatory standards.
Develop and manage financial asset models to support balance sheet projections for financial institutions. Build and maintain Economic Scenario Generators used in the asset and liability valuation. Further the development of robust processes for insurance companies including valuation, pricing, hedging, asset liability management, economic scenario generation, etc.
Provide hands-on training for PathWise users.
Develop standalone training reference materials for PathWise users. Identify shortfalls in company processes and propose improvements. Troubleshoot issues as they arise during PathWise migrations, focusing on providing a robust initial user experience.
Participate in industry, academic and internal research projects. Develop and deliver presentations on emerging issues pertaining to the insurance industry and the financial services industry. 5+ years of experience in the life insurance industry in pricing/hedging/valuation/ALM roles ~ Knowledge of US and Canadian reserves and capital requirements for the life insurance industry, covering products such as indexed and variable annuities, universal life, and traditional life insurance products (including participating and non-participating products). ~ Understanding of the measurement of embedded guarantees within life insurance products ~ Understanding of financial assets including derivatives ~ Knowledge of object-oriented programming (OOP) and SOLID principles (Python programming experience preferred) ~ Actively pursuing a fellowship within the Canadian Institute of Actuaries or Society of Actuaries with a primary focus on the life and annuities is preferred. ~ Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential.
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.
📌 Actuarial Associate Director (Winnipeg)
🏢 Aon
📍 Winnipeg