Aon is looking for a Senior Consultant, Aon Life Solutions.
As part of an industry-leading team, you will help empower results for our clients by delivering innovative and effective solutions as part of our Aon Life Solutions within Aon Reinsurance Strategy and Technology Group, in Hong Kong. As a senior consultant, you will report directly to the Director, Global Life Risk Modelling Consulting.
Your Impact As a Senior Consultant
Aon Life Solutions provides high efficiency computing software, consulting services as well as advisory services to financial intermediaries, primarily insurance companies. The 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 (GPU), making it the fastest, readily available software platform currently in use in the insurance industry. Global Life Risk Modelling consulting services has focused primarily on actuarial analysis, modelling of insurance liabilities and financial assets, and reviews of hedging programs.
Principal Responsibilities
Development Services
- Create insurance liability models, focusing on reserve and capital calculations for companies in Hong Kong and Singapore based on local Risk-Based Capital Regulation and IFRS17.
- Create and maintain financial asset and ALM models for use in balance sheet projections of financial services companies.
- Develop and maintain Economic Scenario Generators used in the valuation of financial assets and insurance liabilities.
- Further the development of robust processes for strategic asset allocation, scenario generator calibration,financial reporting, etc.
- Participate in the expansion of PathWise functionality as the need arises or as requested by clients
Onboarding Services
- Support the development of models and processes for companies moving into PathWise
- Provide hands-on training for PathWise users
- Develop standalone training reference materials for PathWise users
- Identify painpoints in companies’ processes and propose improvements
- Troubleshoot issues as they arise during PathWise migrations, focusing on providing a strong initial user experience
- Help maintain and strengthen client relationships through participation in client consultations
- Be the primary contact for selected clients
Business Development Support
- Participate in demonstrations to potential clients
- Develop models specific to client requirements
- 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
Preferred Skillset
- 1-6 years of experience in the life insurance industry in a valuation/pricing/ALM/hedging role, working on life insurance products with embedded financial guarantees knowledge of reserves and capital requirements for the life insurance industry in Singapore and Hong Kong, covering insurance products such as participating and traditional life, Indexed and Variable Annuities
- Understanding of financial assets including derivatives
- Familiarity with Monte Carlo simulations
- Knowledge of object-oriented programming concepts (Python programming experience preferred)
- Strong communication skills for heavy team and client interactions
- Member of Institute and Faculty of Actuaries or Society of Actuaries preferred.
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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