Capital Modeling Lead — Actuarial Strategy & Risk Advisory

Aon; Chicago (IL); On-site; USD 150,000 - 185,000; Full time

Benefits offered by this job

401(k) with employer contributions

Employee stock purchase plan

Health benefits and PTO

Job summary

Aon is seeking aCapital Modeling Associate Actuarial Director to lead risk and capital modeling engagements for P&C insurers and other clients. The role covers model design, calibration, governance, and scenario analysis, with heavy client interaction and cross-functional collaboration.

Ideal candidates bring 5–9 years of actuarial or risk modeling experience, ACAS/FCAS credentials or progress, and strong Excel and analytics skills in R/Python/SQL. Location scope includes Chicago and other U.S.

Qualifications

• Approximately 5-9 years of P&C actuarial, risk, capital modeling, or insurance consulting experience.
• Proven experience managing client relationships, consulting engagements, and project delivery.
• Strong hands-on experience in risk and capital modeling, including stochastic modeling, parameterization, cash flow projections, economic capital, rating agency analysis, and enterprise risk management.
• Ability to translate quantitative analysis into recommendations for technical and executive audiences.
• Strong model governance, documentation, and quality-control practices.

Responsibilities

• Lead risk & capital modeling engagements, designing and validating stochastic models for insurers and clients.
• Manage client engagements, scope, timelines, budgets, staffing, and communication.
• Support strategic and transactional advisory work, including M&A and capital actions.
• Contribute to business growth by identifying opportunities within client relationships.
• Communicate findings clearly to technical and executive audiences.

Skills

ACAS/FCAS

Client management

Risk modeling

Excel

PowerPoint

Python/R/SQL

Tools

R

Python

SQL

Excel

Job description

Aon is seeking aCapital Modeling Associate Actuarial Director to lead risk and capital modeling engagements for P&C insurers and other clients. The role covers model design, calibration, governance, and scenario analysis, with heavy client interaction and cross-functional collaboration.

Ideal candidates bring 5–9 years of actuarial or risk modeling experience, ACAS/FCAS credentials or progress, and strong Excel and analytics skills in R/Python/SQL. Location scope includes Chicago and other U.S.