Senior Financial Analyst, Insurance Markets

Aon; Chicago (IL); On-site; USD 80,000 - 92,000; Full time

Benefits offered by this job

401(k) with employer contributions

Employee stock purchase plan

Annual discretionary bonus eligibility

Medical, dental and vision insurance

Paid holidays and vacation

Job summary

Aon is hiring a Senior Financial Analyst for Insurance Markets in Chicago. You will perform analyses of balance sheet strength and operating performance for US P&C insurers and reinsurers, presenting findings to Market Security committees and working with brokers on market opportunities.

The role requires a BS in a relevant field, 3+ years in financial analysis, and strong Excel/GAAP/SAP knowledge; CFA/CPA/CPCU a plus. Chicago area preferred, with limited travel.

Qualifications

• BS in Risk Management, Finance, Accounting or Math; MBA/CPA/CFA/CPCU a plus.
• 3+ years of financial analysis experience in insurance or related firms.
• Understanding of P&C insurance accounting, GAAP and SAP.
• Advanced Excel; strong PowerPoint and Word skills.
• Experience with AM Best and S&P databases is a plus.
• Ability to manage multiple tasks in a fast-paced environment.
• Excellent interpersonal and written communication skills.

Responsibilities

• Analyze balance sheet strength and operating performance of US P&C insurers and reinsurers.
• Present analyses to Market Security committees with colleagues and reps.
• Use data mining to identify insurers needing tighter review.
• Collaborate with Aon Brokers on new markets or market expansion.
• Lead client servicing and respond to inquiries on current and prospective P&C insurers.
• Contribute to reports highlighting emerging insurance trends.
• Maintain data on Aon systems and web portals.

Skills

Financial analysis

Interpersonal skills

Written communication

Analytical thinking

Education

BS in Risk Management, Finance, Accounting or Math

MBA/CFA/CPA or CPCU a plus

Tools

SAP

Excel

PowerPoint

Word

AM Best database

S&P database

Job description

Senior Financial Analyst, Insurance Markets

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

• Perform a variety of analyses to evaluate the balance sheet strength and operating performance of U.S. property and casualty insurers and reinsurers.
• Present analysis of insurers and reinsurers to Market Security committees. comprised of other credit analysts and Aon business unit representatives.
• Uses data mining to help determine insurers requiring a more stringent review.
• Works closely with Aon Brokers on the business need for new markets or the expansion in the use of markets.
• Takes a lead role in servicing clients, responding to inquiries on current and prospective P&C insurers.
• Contribute to reports highlighting emerging trends in the insurance industry.
• Assist in the maintenance of data on Aon systems and web portals

Skills and experience that will lead to success

• Bachelor of Science Degree in Risk Management, Finance, Accounting, Mathematics or equivalent. MBA and/or CFA and/or CPA and/or related industry designations such as CPCU, a plus.
• 3+ years-experience in financial analysis and/or related work at an insurance company, reinsurance company, reinsurance intermediary or consulting firm
• Understanding of P&C insurance accounting, GAAP and / or SAP
• Advanced knowledge of Microsoft Excel; strong proficiency with PowerPoint and Word.
• Experience working with P&C insurance industry databases (A.M. Best and Standard & Poor’s) is a plus.
• Ability to complete multiple tasks independently in a fast paced, dynamic work environment
• Excellent interpersonal and collaborative skills; solid verbal and written communications.
• Preference for an analyst located in or near Chicago, Minneapolis or Philadelphia
• Limited travel may be required
• For positions in San Francisco and Los Angeles, we will consider for employment qualified applicants with arrest and conviction record in accordance with local Fair Chance ordinances.

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 $80,000 - $92,000 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 Chicago, Illinois. 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.