At a Glance
- Tasks: Advise insurers on investment strategies and help develop innovative solutions.
- Company: Join Aon, a leading global investment consulting firm in London.
- Benefits: Competitive salary, diverse team culture, and opportunities for professional growth.
- Other info: Dynamic work environment with a focus on collaboration and innovation.
- Why this job: Make a real impact in the insurance investment market with your expertise.
- Qualifications: Experience in insurance investment or related fields; strong communication skills.
Aon is currently recruiting an Insurance Consultant to join our UK investment team in London. You will be primarily responsible for working with colleagues in this team (and other solution lines/geographies as needed) to help develop Aon's insurance investment proposition and solutions and taking these to market.
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, diverse team, and we are passionate about helping our colleagues and clients succeed.
The UK Insurance Investment Team is focused on increasing the investment advice and investment solutions we provide for insurance clients, which is a key strategic priority for Aon and the UK Investments business. Current market conditions present several challenges and opportunities for insurance investors. As one of the world's largest investment consulting firms, Aon is uniquely placed to help insurers navigate these challenges and opportunities. Our expertise helps ensure insurers' investment strategies are aligned with their broader objectives and that they deliver the desired investment outcomes. We help insurers increase efficiency within their portfolios, access best-in-class managers, address sustainable investment and climate-related considerations, manage the full spectrum of risks, and save money on investment-related fees.
Your Impact as an Insurance Consultant:
- Advising insurers on investment strategy, asset allocation, portfolio construction, hedging and risk management strategies, sustainable investment considerations, climate-related financial risk, manager and fund selection, amongst other things.
- Supporting the growth of Aon's profile in the insurance investment market by helping to develop insightful insurance investment research and intellectual capital and taking this out to market.
- Supporting the implementation of the business plan for growing revenue from insurance clients, taking ownership for specifically agreed tasks and effective delegation to more junior colleagues.
- Working with Aon's dedicated sales team to support prospecting for new business, identification of new opportunities and creation of compelling proposals and pitches.
- Supporting relationships with clients, with shared accountability for developing those relationships and successfully delivering projects.
- Taking overall responsibility for quality of technical work delivered to clients.
- Helping to further build the investment expertise within the wider team, through training and mentoring of more junior colleagues as necessary.
- 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.
Your Knowledge And Expertise:
- Several years experience working in the insurance investment market, for example within an investment team at an insurer or as part of a dedicated insurance investment team at a consulting firm.
- Working knowledge of insurance specific items, including but not limited to: Solvency Capital Requirements under Solvency II/UK, Matching Adjustment, Insurance Technical Provisions, SS 5/25 on managing climate related financial risks, IFRS 9 and 17, etc.
- Familiarity with the key features of the asset classes and investment strategies typically found in insurance investment portfolios.
- Demonstrable knowledge about the insurance industry, including: services offered, regulatory considerations, industry drivers, key challenges, opportunities and the competitive landscape.
- Some degree of familiarity with sustainable investment considerations.
- High-level knowledge of the asset management universe and the range of funds/products available for insurance investors.
- Hard working, diligent and independent.
- Not afraid to take on new challenges and willing to push yourself beyond your comfort zone.
- A belief that you get back what you put in and a can-do attitude.
- Strong written and verbal communication skills.
- Great teammate who enjoys collaboration with others.
SM&CR requirements: The FCA's Senior Managers & Certification Regime (SM&CR) applies to Aon from December 2019 and this role is subject to the relevant requirements of the Regime. The primary aim of SM&CR is to drive individual accountability for all roles within the Financial Services Sector. Aon must ensure those in senior roles, with the potential to cause significant harm to customers and the business of the firm, are deemed to be fit and accurate at all times and also to ensure everyone working in the sector adheres to a set of Conduct Rules and are held to account where they do not meet the right standards of behaviour.
Insurance Consultant in London employer: Aon
AON is an exceptional employer that fosters a dynamic work culture in the heart of Greater London, offering flexibility to work from multiple locations including Reading and Chelmsford. With a strong emphasis on employee growth, AON provides comprehensive training and development opportunities, ensuring that team members can thrive in their careers while contributing to innovative solutions in Trade Credit Insurance. Join us to be part of a collaborative environment where your expertise will be valued and rewarded.
StudySmarter Expert Advice🤫
We think this is how you could land Insurance Consultant in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Aon). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Aon. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Insurance Consultant in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Aon.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Aon. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Aon
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Aon to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Aon, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Aon's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
