Senior Actuarial Consultant – Capital Modeling, STG

Location: London, UK

Do you want to address the capital modeling challenges faced by insurers?

Do you want to work as part of a team who are developing cutting-edge systems for the insurance and reinsurance market?

This is a fantastic opportunity for an experienced insurance practitioner to join a collaborative, friendly, dynamic working environment, with the chance to work with cutting-edge modeling platforms and high-profile clients. It is a hybrid role that can offer flexibility to work both virtually and from our Chicago office.

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.

What the day will look like

We are looking for a highly motivated individual to join our Risk and Capital Modeling Technology team, which delivers high quality cutting-edge solutions and projects to support our colleagues and clients. As a key member of our team, you will play a vital role in meeting the expectations of our clients and enhancing Aon’s Capital Modelling Solution Suite, encompassing the Tyche Capital Model (‘TCM’) and ReMetrica tools. This role is expected to predominantly focus on the TCM product, although opportunities to work on other parts of the solution suite will be available.

The successful candidate will have strong technical skills, enjoy product development/coding, and working with both clients and team members on bespoke model builds. In addition, they would possess exceptional communication skills and have a capital modeling background.

This role is within Aon’s Strategy and Technology Group (STG).

Day to day activities will include:

Model development:
Working in a multi-disciplinary team to design, implement, and review capital modeling solutions for (re)insurers
Leading the development work on new initiatives, including project planning/governance and perform coding tasks as required
Staying up to date on all development work and new software features
Client delivery and prospecting support:
Liaising with clients to gather business requirements on bespoke model builds and perform development tasks as the technical leader
Assisting in on-boarding new clients and implementation projects, working with the US P&C Actuarial Consulting team and the Platform Delivery team.
Delivering demos of Tyche and TCM to prospects and existing clients
Supporting prospecting of new opportunities through trials
Team-centric outlook:
Collaborating with other team members, including those in the London office.
Supporting and training users of our systems
Communicating (written and verbal) with internal key stakeholders and clients

How this opportunity is different

STG is Aon’s new global consulting and technology business focused on, but not limited to, insurance and reinsurance companies and other participants in the insurance industry. The business provides strategy consulting, technology solutions and advisory services to many of the most prestigious companies in Global (Re)insurance. We have privileged access to Aon’s proprietary data, software, and the knowledge of its global network of insurance industry experts to derive unique and compelling insights into the sources of competitive advantage in our industry.

Aon’s software platform, Tyche, is one of the modelling software tools within Aon’s Capital Modelling Solution Suite, used by some of the largest insurance and reinsurance firms worldwide, which benefit from the ground-breaking capabilities that Tyche gives them. Our consulting team provides a full breadth of actuarial services including Tyche implementations and developing solutions in Tyche. We have a strong team of exceptional developers, and our IT team offer fully hosted solutions.

Required Qualifications

A bachelor’s degree in Mathematics, Statistics, Actuarial Science, Computer Science or a similar field;
Experience in the P&C (Re)Insurance sector in an actuarial role (minimum of 5 years);
Experience in the P&C (Re)Insurance sector in a capital modeling role (minimum of 2 years);
Experience at coding (Igloo, Tyche, Python, SQL desirable) and developing modeling solutions (minimum of 2 years);
Technical knowledge of capital modeling techniques (minimum of 2 years).

Skills and experience that will lead to success

An independent, self-motivated individual that works collaboratively within a team and is adaptable in times of change;
Knowledge of rating agency and/or regulatory capital modeling framework(s);
Knowledge of stochastic financial modeling software;
Knowledge of Tyche would be advantageous;
Enjoys solving new problems and generating ideas for improving existing processes;
Experience leading and handling development projects and/or teams;
A strong communicator, who is good at building relationships;
Excellent organisational skills to effectively prioritise and complete tasks.

How we support our colleagues

In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to handle 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, but we also recognise that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!

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.

We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation onReasonableAdjustments@Aon.com

Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.

NB. Dependant on regional requirements, please include specific benefits where applicable and relevant accommodation criteria and enhanced equal opportunities statement.

2025-89456

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