Director, Consulting
Posting Description:
Job Title- Director, Consulting
Location- Bangalore
Aon is looking for a Director, Consulting.
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 Director, you will report directly to the Senior Managing Director, Consulting.
Your impact as a Director:
STG provides high efficiency computing software, consulting services as well as advisory services to financial intermediaries, primarily insurance companies. STG’s 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.STG’s consulting services has focused primarily on actuarial analysis, reinsurance modeling and structing, reviews of hedging programs, and modeling of insurance liabilities and financial assets.
Principal Responsibilities:
Development Services- 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
- 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
- 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
- 8+ 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 (e.g., CLO), 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 Canadian Institute 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 encourage a diverse workforce. Plus, our agile, inclusive 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, 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.
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.
Aon provides 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 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. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com
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