IND Consultant II (Actuarial)

Job Title: Actuarial Consultant

Position Type: Full Time

Work Location: Bangalore/Noida/Gurugram

Working Style: Hybrid

Cab Facility: Yes

Shift Time: 12:30 PM - 9:30 PM

Required Education and Certifications:

Any Graduate or Post-Graduate (full time)

Required Years of Experience:

4+ years of relevant experience

Aon is looking for a modelling actuary, Consultant

As part of an industry-leading team, you will help empower results for our clients by delivering innovative and effective solutions as part of our Solutions & Technology Group (STG) within Aon Reinsurance, in India. As a modelling actuary, you will report directly to the Associate Director, Consulting.

General Description of Role:

Aon Life Solutions provides high efficiency computing software, consulting services as well as advisory services to financial intermediaries, primarily insurance companies. The high-performance software platform, PathWise, provides companies with the ability to easily model financial obligations without involved coding and is run on Graphical Processing Units (GPU), making it the fastest, readily available software platform currently in use in the insurance industry.

Global Life Risk Modelling consulting services has focused primarily on actuarial analysis, modelling of insurance liabilities and financial assets and reviews of hedging programs. As a Director and Offshore lead in Global Life Risk Modelling Consulting Team, you will supervise developers and work with different teams to support the development of models and processes for companies moving to PathWise. You will break down complex problems into steps that drive product development. You will provide valuable contributions to the Aon Life product vision and go-to-market strategy.

Job Responsibilities:

• Develop and implement asset liability management (ALM) / liability driven investing (LDI) models for institutional clients
• Provide programming and analytical expertise in a practical asset/liability and portfolio management context, including ALM risk monitoring and reporting, asset rebalancing, portfolio optimizations, and investment strategy research
• Build and maintain financial asset models for use in balance sheet projections of financial services companies
• Build and maintain Economic Scenario Generators used in the valuation of financial assets and insurance liabilities
• Further the development of robust processes for ALM, hedging, strategic asset allocation, scenario generator calibration, insurance company financial reporting, etc.
• Participate in the expansion of PathWise functionality as required or as requested by clients

Onboarding Services:

• Support the development of models and processes for companies moving into PathWise
• Provide hands-on training for PathWise users
• Develop standalone training reference materials for PathWise users
• Identify shortfalls in company processes and propose improvements
• Troubleshoot issues as they arise during PathWise migrations, focusing on providing a strong initial user experience

Business Development Support:

• Participate in demonstrations to potential clients
• Develop models specific to client requirements
• Participate in industry, academic and internal research projects
• Develop and deliver presentations on emerging issues pertaining to the insurance industry and the financial services industry
• Attend industry and client conferences

Skills/Competencies Required:

• 1+ years of experience in asset modelling, investment, life insurance or pension industry in an investment actuary role working within ALM/Portfolio Management
• Experience/knowledge of determining asset allocation strategies, portfolio optimization, liability driven investment strategies, and measuring investment related risks
• Experience/knowledge on modeling general account assets including fixed income securities, equities, private debt, structured assets, and derivatives
• In-depth knowledge participating and index-linked insurance products, and the valuation and capital requirements for such products
• Familiarity with Monte Carlo simulations
• Experience with object-oriented programming languages and actuarial software systems (Python programming experience preferred)
• Member of Institute and Faculty of Actuaries, Society of Actuaries, or Chartered Financial Analyst preferred
• Strong communication skills for heavy team and client interactions

How We Support Our Colleagues:

In addition to our comprehensive benefits package, we are proud to be an equal opportunity workforce. At Aon, we believe a diverse workforce is an innovative workforce. Our agile, inclusive environment allows colleagues to manage their wellbeing and work/life balance while empowering you to be your authentic self.

Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging them to take time to focus on themselves. We offer a variety of workstyle options through our Smart Working model, but we also recognize that flexibility goes beyond just the place of work.

Our continuous learning culture inspires and equips colleagues to learn, share and grow, helping them achieve their fullest potential. As a result, Aon colleagues are more connected, more relevant and more valued.