Actuarial Modelling

Aon plc; India; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Aon plc invites an experienced Actuarial Consultant (Life) to Gurugram/Bengaluru for transforming life actuarial models to PathWise. This hybrid, full-time role emphasizes end-to-end model conversion, high-efficiency code, and collaboration with global clients.

You will lead and support modeling projects for reserving, financial reporting, and regulatory purposes, translating complex actuarial logic into scalable Python code while mentoring juniors and contributing to client delivery.

Qualifications

• 3–7 years of experience in life insurance actuarial modeling.
• Experience with actuarial modeling software.
• Hands-on Python experience preferred.
• Familiar with US GAAP LDTI, VM21, IFRS 17, or local reserving.
• Ability to work independently and lead modeling deliverables.
• Excellent verbal and written communication.
• IFoA/SOA/IAI qualification preferred.
• Experience in model migration or transformation projects.
• Familiar with SQL, Power Query, or Agile tools like JIRA.

Responsibilities

• Lead end-to-end conversion of actuarial models to PathWise.
• Build, test, validate, and optimize models for reserving and reporting.
• Translate actuarial logic into efficient code (Python preferred).
• Work with life and annuity products: Term, ULIP, Par, Universal Life, VA.
• Collaborate with clients to understand modeling needs and provide solutions.
• Support onboarding, troubleshooting, and client training during migrations.
• Contribute to proposals, demos, and proofs-of-concept.

Skills

Actuarial modeling

Python

SQL

Power Query

JIRA

US GAAP LDTI

Education

Actuarial qualification (IFoA/SOA/IAI)

Tools

PathWise platform

Job description

Job Title- Actuarial Consultant (Life)

Location- Gurugram /bangalore

Work Mode- Hybrid

Position Type- Full-time

Required years of experience- 3-7 years of relevant experience.

We are seeking an experienced and proactive senior life actuarial modeling professional to join our PathWise transformation team. You will lead and support actuarial model conversion projects for Indian and global clients, focusing on high-efficiency, scalable modeling solutions using the PathWise platform. You’ll collaborate across teams, mentor junior actuaries, and contribute to client delivery, onboarding, and solution design.

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 team and we are passionate about helping our colleagues and clients succeed.

What the day will look like

• Lead end-to-end conversion of actuarial models to PathWise
• Build, test, validate, and optimize models for reserving, financial reporting, and regulatory purposes
• Translate complex actuarial logic into efficient, scalable code (Python preferred)
• Work with life and annuity products such as Term, ULIP, Par, Universal Life, and VA
• Collaborate with clients to understand modeling needs and provide technical solutions
• Support onboarding, troubleshooting, and client training during migration phases
• Contribute to proposals, client demos, and proof-of-concept projects

Skills and experience that will lead to success

• 3 -7 years of experience in life insurance actuarial modeling
• Strong knowledge of any actuarial modeling software
• Hands-on experience with Python preferred
• Familiarity with frameworks such as US GAAP LDTI, VM21, IFRS 17, or local statutory reserving
• Ability to work independently and lead modeling deliverables
• Excellent verbal and written communication skills
• Nearly or newly qualified actuary (IFoA, SOA, IAI) preferred
• Experience in model migration, automation, or transformation projects
• Familiarity with SQL, Power Query, or Agile delivery tools like JIRA (preferred)

How we support our colleagues

In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile 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 for our colleagues as well.

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 and inclusive 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 are committed to providing equal employment opportunities and fostering an inclusive workplace. If you require accommodations during the application or interview process, please let us know. You can request accommodations by emailing us at [e-mail] or your recruiter. We will work with you to meet your needs and ensure a fair and equitable experience.