Life Consulting Senior Manager (US Reserving)

Life Consulting Senior Manager (US Reserving) 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 Aonu2019s Life Solutions Team, which is a key part of Aonu2019s Strategy and Technology group (u201cSTGu201d) and has ambitious plans for growth in the next 3 u2013 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 US GAAP and US Statutory reserving and reporting advisory projects for life insurers to help our clients thrive in todayu2019s 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 Aonu2019s Life Solutions team, focused on US GAAP reporting, US Statutory reserving (including VMu201120, VM21 & VM-22 / principleu2011based reserving), and financial reporting advisory. You will advise clients across US and international life insurance markets u2014 including term, whole life, annuity and protection writers u2014 on the design, implementation, review and optimisation of reserving frameworks and reporting processes. You will have a u201conce in a career opportunityu201d to help develop Aonu2019s Life Actuarial consulting proposition in US reporting and reserving. It is expected that a typical day will involve: leading and/or supporting US GAAP reserving and reporting processes, including liability valuation, assumption setting and emerging experience analysis supporting clients with US Statutory reserving requirements, including VMu201120, VM21 & VM-22 / principleu2011based reserving (PBR), deterministic and stochastic reserve calculations advising on the interpretation and implementation of US GAAP (e.g. LDTI) requirements, including transition, ongoing reporting and change management performing reserve adequacy analysis, cash flow projections and sensitivity testing under various economic and insurance scenarios assessing the impact of assumption changes, model updates and regulatory developments on reserves, earnings and capital supporting clients with financial reporting processes, including controls, governance, documentation and audit readiness advising on model design, validation and enhancement for reserving systems, including Prophet, AXIS and similar actuarial platforms contributing to crossu2011framework work, including alignment between US GAAP, US Stat and IFRS 17 where relevant developing and supporting other Life actuarial consulting propositions through identifying crossu2011selling 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 within life insurance or actuarial consulting, including experience presenting to senior stakeholders Strong knowledge of US GAAP reporting (including LDTI or equivalent frameworks) and US Statutory reserving (including VMu201120 / PBR) Strong understanding of US life (re)insurance products and reserving methodologies, including term, protection and annuity business Experience working in a (re)insurance company or actuarial consultancy, with ability to adapt to a fastu2011paced consulting environment and contribute to revenue generation Proven actuarial technical expertise u2014 acts as a thought leader within the Life Consulting team, coaching other members and setting quality standards Strong analytical and problemu2011solving skills, including ability to assess complex reserving and reporting issues High performing selfu2011motivated 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 reserving model development, automation and analytics (e.g., Python/R/SQL/Alteryx/Power BI) #LI-JK1 #LI-HYBRID 2577637 Life Consulting Senior Manager (US Reserving) 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 Aonu2019s Life Solutions Team, which is a key part of Aonu2019s Strategy and Technology group (u201cSTGu201d) and has ambitious plans for growth in the next 3 u2013 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 US GAAP and US Statutory reserving and reporting advisory projects for life insurers to help our clients thrive in todayu2019s 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 Aonu2019s Life Solutions team, focused on US GAAP reporting, US Statutory reserving (including VMu201120, VM21 & VM-22 / principleu2011based reserving), and financial reporting advisory. You will advise clients across US and international life insurance markets u2014 including term, whole life, annuity and protection writers u2014 on the design, implementation, review and optimisation of reserving frameworks and reporting processes. You will have a u201conce in a career opportunityu201d to help develop Aonu2019s Life Actuarial consulting proposition in US reporting and reserving. It is expected that a typical day will involve: leading and/or supporting US GAAP reserving and reporting processes, including liability valuation, assumption setting and emerging experience analysis supporting clients with US Statutory reserving requirements, including VMu201120, VM21 & VM-22 / principleu2011based reserving (PBR), deterministic and stochastic reserve calculations advising on the interpretation and implementation of US GAAP (e.g. LDTI) requirements, including transition, ongoing reporting and change management performing reserve adequacy analysis, cash flow projections and sensitivity testing under various economic and insurance scenarios assessing the impact of assumption changes, model updates and regulatory developments on reserves, earnings and capital supporting clients with financial reporting processes, including controls, governance, documentation and audit readiness advising on model design, validation and enhancement for reserving systems, including Prophet, AXIS and similar actuarial platforms contributing to crossu2011framework work, including alignment between US GAAP, US Stat and IFRS 17 where relevant developing and supporting other Life actuarial consulting propositions through identifying crossu2011selling 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 within life insurance or actuarial consulting, including experience presenting to senior stakeholders Strong knowledge of US GAAP reporting (including LDTI or equivalent frameworks) and US Statutory reserving (including VMu201120 / PBR) Strong understanding of US life (re)insurance products and reserving methodologies, including term, protection and annuity business Experience working in a (re)insurance company or actuarial consultancy, with ability to adapt to a fastu2011paced consulting environment and contribute to revenue generation Proven actuarial technical expertise u2014 acts as a thought leader within the Life Consulting team, coaching other members and setting quality standards Strong analytical and problemu2011solving skills, including ability to assess complex reserving and reporting issues High performing selfu2011motivated 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 reserving model development, automation and analytics (e.g., Python/R/SQL/Alteryx/Power BI) #LI-JK1 #LI-HYBRID