Associate Director - Capital Management

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Life Consulting Senior Manager (Capital)

Looking for the next step in your life actuarial career but wanting something different to the usual roles? Come and join us build the best life actuarial consulting business.

An exciting role reporting to the EMEA and Bermuda Life Consulting Leadership working to shape the future of life actuarial consulting in EMEA. This role will sit within Aon's Life Solutions Team, which is a key part of Aon's Strategy and Technology group ("STG") and has ambitious plans for growth in the next 3 - 5 years. The successful applicant will also be a part of STG, a global team of over 500 specialists working across Strategy consulting, P&C technology, P&C consulting, Reinsurance, Life technology and will be provided with a unique opportunity to lead and deliver on risk and capital advisory projects for Life insurers to help our clients thrive in today's competitive global market.

The role will be UK based but is hybrid in nature. It provides flexibility to work both virtually and from our London office. There will also be some opportunity to work in other locations and with clients at their locations as and when required/preferred.

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

This is a senior actuarial role within Aon's Life Solutions team, focused on life insurance capital, regulatory requirements, and internal model expertise. You will advise clients on Solvency UK, covering internal model ("IM") development/validation, Standard Formula ("SF") assessments, capital optimisation, risk management, and regulatory interaction. The scope of your services may also extend to other global life insurance markets in which Aon operates for example Bermuda. You will have a "once in a career opportunity" to help develop Aon's Life Actuarial consulting risk and capital proposition. It is expected that a typical day will involve:

• leading or supporting life insurance client's internal model development initiatives, refinement and validation, including major model change applications, model governance and documentation
• advising clients on SF calculations and appropriateness assessments
• assessing capital requirements, including Solvency Capital Requirement ("SCR"), Matching Adjustment ("MA") and SF capital impacts, and sensitivities
• supporting clients with capital aggregation, risk calibration, and scenario/ stress design
• providing expert guidance on Solvency UK requirements, PRA expectations, Section 166 reviews regulatory submissions etc.
• advising clients on credit risk modelling, new Solvency UK flexibilities and identifying opportunities for clients to optimise capital, including reinsurance strategy support (including Funded Re), asset mix impacts and longevity risk management
• developing new client relationships, liaising with existing clients & leveraging your existing relationships to generate revenue for the team
• developing and supporting other Life actuarial consulting propositions through identifying cross selling opportunities
• developing technology solutions to solve client problems
• developing your internal network at Aon; and
• being agile and flexible to ensure that the team is fully supported.

Skills and experience that will lead to success

• Proven senior manager level delivery track record in the UK Insurance industry and comfortable presenting to senior leadership and boards
• Understanding of other international capital regimes incl. Bermuda (preferable but not essential)
• Strong relationships across the UK Life Insurance industry and ability to contribute to revenue generation
• Proven Risk & Capital technical expertise - acts as a thought leader within the Life consulting team, coaching other members and setting quality standards.
• Technical expertise acquired in an (re)insurance company / BPA provider or similar but willing to adapt to a fast-paced consulting environment
• Strong understanding of the UK Life Insurance market with a solid grasp on the risk and capital principles with a willingness of applying those principles globally
• High performing self-motivated team player that both leads and works collaboratively and is agile & willing to participate in other projects within the team
• Ability to work under pressure, takes initiative, proactive, shows resolve and is agile
• Ability to sponsor/shape capital modelling automation and analytics (e.g., Python/R/SQL/Alteryx/Power BI)

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 ReasonableAccommodations@Aon.com or your recruiter. We will work with you to meet your needs and ensure a fair and equitable experience.

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