Director - PathWise Solutions Group - Life Regulation Library

Posting Description:

Director – PathWise Solutions Group – Life Regulation Library

This is a hybrid role with the 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 team and we are passionate about helping our colleagues and clients succeed.

What the day will look like

In this role, you will develop PathWise life insurance regulation library, support the consulting services provided by PathWise Solutions Group (PSG) to its North American clients, primarily located in the United States and Canada. The core responsibilities include demonstrating the PathWise platform to potential clients, migrating client’s current financial models into PathWise and/or designing new models and processes within the system, and creating and maintaining processes. You will also run operations on the virtual private cloud (VPC) provided and serviced by PSG for its clients.

Role Responsibilities :

• Create insurance liability models and process workflows, focusing on reserve and capital calculations for US and Canadian companies based on appropriate regulatory standards.
• Participate in the expansion of PathWise functionality as the need arises or as requested by clients
• Support the development of models and processes for companies moving into PathWise.
• Troubleshoot issues as they arise during PathWise migrations, focusing on providing a strong initial user experience.
• 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

Skills and experience that will lead to success

• 10+ years of demonstrated abilities in the life insurance industry in a pricing/hedging/valuation role working with financial guarantees embedded in life insurance products
• Knowledge of US and Canadian reserves and capital requirements for the life insurance industry. Also, covering products such as Indexed and Variable Annuities (Segregated Funds), ULSG, and traditional life insurance products
• Knowledge of general insurance products for liability modeling purposes
• Understanding of financial assets including derivatives
• Knowledge of object oriented programming concepts (Python programming experience preferred)
• Member of Canadian Institute of Actuaries or Society of Actuaries preferred
• Bachelor’s degree in Risk Management, Finance, Business, a related field, or equivalent years of industry experience.

How we support our colleagues

Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: a 401(k) savings plan with employer contributions; an employee stock purchase plan; consideration for long-term incentive awards at Aon’s discretion; medical, dental and vision insurance, various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance program that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.

In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, 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.

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. People with criminal histories are encouraged to apply.

We are committed to providing equal employment opportunities and fostering an inclusive workplace. If you require accommodations during the application or interview process, please let us know. You can request accommodations by emailing us at [email protected] or your recruiter. We will work with you to meet your needs and ensure a fair and equitable experience.

For positions in San Francisco and Los Angeles, we will consider for employment qualified applicants with arrest and conviction record in accordance with local Fair Chance ordinances.

Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate.

Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

The salary range for this position (intended for U.S. applicants) is $170,000 to $200,000 annually. The actual salary will vary based on applicant’s education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant’s geographic location.

This position is eligible to participate in one of Aon’s annual incentive plans to receive an annual discretionary bonus in addition to base salary. The amount of any bonus varies and is subject to the terms and conditions of the applicable incentive plan.

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