Actuarial Modeling Pre-Sales Specialist (Pathwise)
This is a remote role, with the opportunity to work virtually from anywhere within the United States, with the ability to travel 10-20% as needed.
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
In your Actuarial Pre-Sales role, you will be at the forefront of bringing a new paradigm of actuarial modeling capabilities, via PathWise, to the market in North America. This will be a highly visible role both to management within Aon and to actuarial leadership across the life industry.
Occasional travel (10-20%) may be required as needed to progress sales opportunities and/or represent the Aon PathWise team at industry conferences.
Principal Responsibilities:
Business Development Support
Participate in tailored demonstrations to new prospective PathWise clients.
Develop models specific to prospective client requirements.
Manage and run client proofs-of-concept (POCs) including the delivery of hands-on training exercises for new PathWise users.
Participate in industry, academic, and internal research projects.
Develop and deliver presentations on emerging issues pertaining to the insurance industry and the financial services industry.
Attend industry and client conferences.
Modeling and Development Services in Service of Prospective Clients
Build insurance liability models, focusing on reserve and capital calculations for US, Canadian, and Bermudian companies based on appropriate regulatory standards.
Build and maintain financial asset models for use in balance sheet projections of financial services companies.
Build and maintain Economic Scenario Generators used in the valuation of financial assets and insurance liabilities.
Further the development of robust processes for hedging, strategic asset allocation, scenario generator calibration, insurance company financial reporting, etc.
Participate in the expansion of PathWise functionality as required or as requested by clients
How this opportunity is different
You will help empower results for our clients by delivering innovative and effective solutions as part of our Solutions & Technology Group (STG) within Aon Life Solutions. You will be based in New York or Chicago (or work virtually in the US). As an Associate Director, you will report directly to the Managing Director and Head of PathWise Business Development, North America.
STG provides high-efficiency computing software, consulting services as well as advisory services to financial intermediaries, primarily insurance companies. STG's high-performance software platform, PathWise, provides companies with the ability to easily model financial obligations without involved coding and is run on Graphical Processing Units (GPUs), making it the fastest, readily available software platform in the insurance industry.
Skills and experience that will lead to success
5+ years of actuarial modeling experience in the life insurance industry in a pricing/hedging/valuation role. Member of Society of Actuaries preferred (ASA+).
Experience in object-oriented programming concepts (Python programming experience preferred).
Strong valuation experience in US/Canadian/Bermudian life and/or annuity insurance products and regulations (e.g. LICAT, US GAAP/LDTI, VM-20/21/22, BMA EBS, etc.).
Knowledge of US, Canadian, and Bermuda capital and reserving requirements for the life insurance industry, covering products such as Indexed and Variable Life / Annuities, ULSG, and traditional life insurance products.
Bachelor's degree in Actuarial Science, a related field, or equivalent years of industry experience.
How we support our colleagues
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.
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. People with criminal histories are encouraged to apply.
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.
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.
Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate.
Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.
The salary range for this position (intended for U.S. applicants) is $120,000 to $140,000 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.
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.
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LI-REMOTE
2565735
Actuarial Modeling Pre-Sales Specialist (Pathwise)
This is a remote role, with the opportunity to work virtually from anywhere within the United States, with the ability to travel 10-20% as needed.
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
In your Actuarial Pre-Sales role, you will be at the forefront of bringing a new paradigm of actuarial modeling capabilities, via PathWise, to the market in North America. This will be a highly visible role both to management within Aon and to actuarial leadership across the life industry.
Occasional travel (10-20%) may be required as needed to progress sales opportunities and/or represent the Aon PathWise team at industry conferences.
Principal Responsibilities:
Business Development Support
Participate in tailored demonstrations to new prospective PathWise clients.
Develop models specific to prospective client requirements.
Manage and run client proofs-of-concept (POCs) including the delivery of hands-on training exercises for new PathWise users.
Participate in industry, academic, and internal research projects.
Develop and deliver presentations on emerging issues pertaining to the insurance industry and the financial services industry.
Attend industry and client conferences.
Modeling and Development Services in Service of Prospective Clients
Build insurance liability models, focusing on reserve and capital calculations for US, Canadian, and Bermudian companies based on appropriate regulatory standards.
Build and maintain financial asset models for use in balance sheet projections of financial services companies.
Build and maintain Economic Scenario Generators used in the valuation of financial assets and insurance liabilities.
Further the development of robust processes for hedging, strategic asset allocation, scenario generator calibration, insurance company financial reporting, etc.
Participate in the expansion of PathWise functionality as required or as requested by clients
How this opportunity is different
You will help empower results for our clients by delivering innovative and effective solutions as part of our Solutions & Technology Group (STG) within Aon Life Solutions. You will be based in New York or Chicago (or work virtually in the US). As an Associate Director, you will report directly to the Managing Director and Head of PathWise Business Development, North America.
STG provides high-efficiency computing software, consulting services as well as advisory services to financial intermediaries, primarily insurance companies. STG's high-performance software platform, PathWise, provides companies with the ability to easily model financial obligations without involved coding and is run on Graphical Processing Units (GPUs), making it the fastest, readily available software platform in the insurance industry.
Skills and experience that will lead to success
5+ years of actuarial modeling experience in the life insurance industry in a pricing/hedging/valuation role. Member of Society of Actuaries preferred (ASA+).
Experience in object-oriented programming concepts (Python programming experience preferred).
Strong valuation experience in US/Canadian/Bermudian life and/or annuity insurance products and regulations (e.g. LICAT, US GAAP/LDTI, VM-20/21/22, BMA EBS, etc.).
Knowledge of US, Canadian, and Bermuda capital and reserving requirements for the life insurance industry, covering products such as Indexed and Variable Life / Annuities, ULSG, and traditional life insurance products.
Bachelor's degree in Actuarial Science, a related field, or equivalent years of industry experience.
How we support our colleagues
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.
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. People with criminal histories are encouraged to apply.
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.
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.
Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate.
Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.
The salary range for this position (intended for U.S. applicants) is $120,000 to $140,000 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.
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.
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