Senior Associate Consultant

Looking for the next step in your life actuarial career but wanting something different to the usual roles? Come and join us to 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 Aon's Life Solutions Team, which is a key part of Aon's Strategy and Technology group ("STG") and has ambitious plans for growth in the next 3 - 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 support and deliver a wide range of actuarial consulting projects for life insurers to help clients thrive in today's competitive global market. The role will be UK based but is hybrid in nature, providing 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: 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 consultant role within Aon's Life Solutions team, focused on supporting UK life insurers across a wide range of actuarial topics including reporting, modelling, valuation, risk, pricing, product, ALM, capital and project leadership. You will play a key role in developing client solutions, building models rapidly and to a high standard, coordinating technical delivery, and supporting senior managers, directors and managing directors in delivering end-to-end engagements.

It is expected that a typical day will involve:

• Supporting or leading on a range of actuarial projects including modelling activities such as building or enhancing models (e.g., cashflow models, valuation tools, pricing models, scenario models) efficiently and accurately.
• Carrying out actuarial analyses covering valuations, reserving, Solvency UK reporting, IFRS 17 based assessments, pricing reviews, assumption setting and experience investigations.
• Supporting the development and review of actuarial processes, models and documentation to ensure robust governance and compliance with regulatory and professional standards.
• Contributing to client projects across risk, capital, ALM, valuations activities for captives, annuity business, and M&A.
• Assisting in the preparation of responses to request for proposals (RFPs), client reports and other client ready materials.
• Helping deliver project workstreams, coordinating junior team members and ensuring quality of outputs.
• Working closely with senior managers and directors within the team to help develop modelling analysis and making meaningful recommendations.
• Developing technology enabled solutions (e.g., Python, R, SQL, DataBricks, Power BI) to streamline actuarial processes.
• Developing your internal network at Aon; being agile and flexible to ensure that the team is fully supported.

Skills and experience that will lead to success

• A previously newly/nearly qualified actuary with a solid grasp on life insurance actuarial principles.
• Strong understanding of the UK Life Insurance market and willingness to apply actuarial principles across diverse product areas.
• Strong ability to develop and implement chosen actuarial methodologies within Excel or similar tools.
• Strong modelling skills and ability to rapidly build, understand and enhance actuarial models in Excel, actuarial systems and/or programming languages (e.g. Python).
• Experience gained in a (re)insurance company, BPA provider (preferable), with exposure to valuation, pricing, ALM, reporting, risk or capital.
• 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 shape and develop 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. 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, providing 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.