Associate Actuarial Director, Life Solutions

Aon plc; Chicago, Northern (IL, KY); Hybrid; USD 220,000 - 250,000; Full time

Job summary

Aon plc in Chicago is seeking an actuary to support life solutions, focusing on capital optimization, reinsurance, M&A transactions, and PathWise modeling implementations. You will build and analyze actuarial models and contribute to client deliverables in North America.

The role requires life/annuity product knowledge, actuarial exams (ASA/ACIA) and programming skills in Python, R, SQL or similar, with a collaborative, client-facing focus across multi-disciplinary teams.

Qualifications

• Actuarial experience within life insurance, reinsurance, or consulting.
• Experience with actuarial modeling platforms such as Prophet, AXIS, MoSes, PathWise, or similar tools.
• Strong knowledge of life and annuity products, valuation, capital modeling, ALM, or risk management.
• ASA/FSA, ACIA/FCIA, FIA, or equivalent) required
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or a related quantitative field.
• Programming experience in Python, R, SQL, VBA, C#, or similar technologies is a plus.

Responsibilities

• Build, maintain, and analyze actuarial and financial models supporting life insurance capital solutions, reinsurance transactions, M&A activity, and regulatory reporting.
• Support PathWise implementation projects, including model conversion, testing, validation, and optimization for valuation, capital, ALM, and reporting purposes.
• Assist with Bermuda-focused capital and reinsurance projects, including BSCR modeling, stress testing, and capital adequacy analysis.
• Partner with actuarial, technology, reinsurance, and advisory teams to deliver integrated client solutions.
• Prepare analyses, presentations, model documentation, and client deliverables while contributing to process improvement and automation initiatives.
• Participate in client discussions, present technical findings, and support project execution across multiple engagements.

Skills

Actuarial modeling

Python

R

SQL

VBA

C#

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or related field

Tools

PathWise

Prophet

AXIS

MoSes

Job description

Join Aon’s Life Solutions team to help deliver innovative actuarial, capital advisory, and technology solutions to life and annuity insurers across North America. In this role, you will support client engagements focused on capital optimization, M&A and reinsurance transactions, Bermuda regulatory initiatives, and PathWise actuarial modeling implementations.

Key Responsibilities

• Build, maintain, and analyze actuarial and financial models supporting life insurance capital solutions, reinsurance transactions, M&A activity, and regulatory reporting.
• Support PathWise implementation projects, including model conversion, testing, validation, and optimization for valuation, capital, ALM, and reporting purposes.
• Assist with Bermuda-focused capital and reinsurance projects, including BSCR modeling, stress testing, and capital adequacy analysis.
• Partner with actuarial, technology, reinsurance, and advisory teams to deliver integrated client solutions.
• Prepare analyses, presentations, model documentation, and client deliverables while contributing to process improvement and automation initiatives.
• Participate in client discussions, present technical findings, and support project execution across multiple engagements.

Qualifications

• actuarial experience within life insurance, reinsurance, or consulting.
• Experience with actuarial modeling platforms such as Prophet, AXIS, MoSes, PathWise, or similar tools.
• Strong knowledge of life and annuity products, valuation, capital modeling, ALM, or risk management.
• ASA/FSA, ACIA/FCIA, FIA, or equivalent) required
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or a related quantitative field.
• Programming experience in Python, R, SQL, VBA, C#, or similar technologies is a plus.

Pay Transparency Laws:

The salary range for this position (intended for U.S. applicants) is $220k-$250k 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.

A summary of all the benefits offered for this position:

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 anemployee assistance program that includes free counseling sessions.

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