Overview
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.
The role is UK based but hybrid in nature. It sits within Aon’s Life Solutions Team, part of the Strategy and Technology group (STG), with opportunities to lead and deliver on risk and capital advisory projects for Life insurers to help clients thrive in today’s global market. You will be part of STG, a global team of over 500 specialists across Strategy consulting, P&C technology, P&C consulting, Reinsurance, Life technology.
This is a senior actuarial role within Aon’s Life Solutions team, focused on life insurance capital, regulatory requirements, and internal model expertise. The successful applicant will advise on Solvency UK, internal model development/validation, Standard Formula assessments, capital optimisation, risk management, and regulatory interaction. The scope may extend to other global life markets, for example Bermuda. This role provides a unique opportunity to develop Aon’s Life Actuarial consulting risk and capital proposition.
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 colleagues and clients succeed.
Responsibilities
- 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 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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