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- Tasks: Prepare data submissions and conduct reviews for client portfolios.
- Company: Join Aon, a global leader in shaping better decisions for people worldwide.
- Benefits: Enjoy a competitive salary, 25 days holiday, and flexible benefits including healthcare.
- Other info: Aon promotes a culture of continuous learning and offers Global Wellbeing Days.
- Why this job: Be part of an inclusive team that values your growth and wellbeing.
- Qualifications: Must be a numerate graduate with experience in (re)insurance pricing and strong analytical skills.
The predicted salary is between 36000 - 60000 £ per year.
We’re hiring! Aon are currently recruiting a Legacy Actuary to join our team in London. The Legacy Actuary will be primarily responsible for:
- Data submission preparation, including presenting to clients, markets and stakeholders.
- Conducting ‘in-house’ reviews of the reserving adequacy of client portfolios to support the data submission and legacy broking process, using a variety of actuarial pricing techniques.
- Working closely with the legacy brokers to support the adequacy of reserves to reinsurer markets.
- Building models to support benchmark pricing for clients and to analyse NBIs and Binding Bids.
- Development of a model to reflect key legacy reinsurer pricing considerations and support IRR calculations.
- Playing a proactive role in establishing and upholding actuarial standard process, giving actuarial advice, and promoting actuarial expertise internally.
- Training and mentoring.
- Client relationship management.
- Responsibility for working in accordance with the Aon UK Limited Risk Management Framework, and compliance with the Aon UK Limited policies, including participation in the management of risks that may adversely affect the business, interests, or reputation of any Group Company.
About you
Your knowledge and expertise:
- A highly numerate graduate, with significant previous experience in (re)insurance pricing, reserving and capital modelling.
- Experience in the London Market or reinsurance is vital.
- Working with a legacy reinsurance carrier is necessary.
- Analytical skills – strong data analysis and manipulation.
- Expert user in Excel and other Microsoft Office products.
- Strong communicator – presenting sophisticated ideas simply.
- Strong time management skills – handling several projects at the same time.
- Strong project management skills – structuring, building, and coordinating project plans clearly and simply.
- Critical thinking – problem diagnosis and problem solving.
- Creative, innovative, and logical thinking.
- Excellent attention to detail.
- Ability to build and maintain positive relationships.
Salary and Benefits
This role offers a competitive salary and bonus, plus a comprehensive benefits package and 25 days holiday. Through our flexible benefits, you will also have the opportunity to choose additional benefits, including healthcare and additional holiday. We also offer tremendous potential with a growing worldwide organisation.
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, colour, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard.
Legacy Actuary employer: Aon
Contact Detail:
Aon Recruiting Team
ReasonableAccommodations@Aon.com
StudySmarter Expert Advice 🤫
We think this is how you could land Legacy Actuary
✨Tip Number 1
Familiarise yourself with the latest actuarial pricing techniques and data submission processes. This will not only help you understand the role better but also allow you to engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the London Market or reinsurance sectors. Attend industry events or webinars to connect with potential colleagues and learn about their experiences, which can give you insights into the company culture at Aon.
✨Tip Number 3
Brush up on your Excel skills, as being an expert user is crucial for this role. Consider taking an advanced Excel course to enhance your data analysis and manipulation capabilities, making you a more attractive candidate.
✨Tip Number 4
Prepare to discuss your experience with client relationship management. Think of specific examples where you've successfully built and maintained positive relationships, as this is a key aspect of the Legacy Actuary role at Aon.
We think you need these skills to ace Legacy Actuary
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in (re)insurance pricing, reserving, and capital modelling. Use specific examples that demonstrate your analytical skills and project management abilities, as these are crucial for the Legacy Actuary role.
Craft a Strong Cover Letter: In your cover letter, express your passion for actuarial work and how your background aligns with Aon's mission of making better decisions. Mention your experience in the London Market or with legacy reinsurance carriers to show you understand the industry.
Showcase Communication Skills: Since strong communication is key for this role, provide examples in your application of how you've effectively presented complex ideas to clients or stakeholders. This could be through presentations, reports, or client meetings.
Highlight Attention to Detail: Given the importance of accuracy in actuarial work, include instances where your attention to detail has positively impacted your previous projects. This could involve successful data analysis or model development that required meticulous checking.
How to prepare for a job interview at Aon
✨Showcase Your Analytical Skills
As a Legacy Actuary, you'll need strong analytical skills. Be prepared to discuss your experience with data analysis and manipulation. Bring examples of how you've used these skills in previous roles, especially in (re)insurance pricing or reserving.
✨Communicate Clearly
Strong communication is key for this role. Practice presenting complex ideas simply and clearly. You might be asked to explain your thought process during the interview, so think about how you can break down sophisticated concepts for different audiences.
✨Demonstrate Project Management Abilities
You'll be handling multiple projects at once, so highlight your time management and project management skills. Prepare to discuss specific projects you've managed, how you structured them, and the outcomes achieved.
✨Prepare for Technical Questions
Expect technical questions related to actuarial pricing techniques and models. Brush up on your knowledge of Excel and other Microsoft Office products, as well as any relevant actuarial standards. Being able to discuss these confidently will show your expertise.