Capital Modeling Associate Actuarial Director

Capital Modeling Associate Actuarial Director

Location:

Chicago IL, New York, New York, Bloomington MN. Other Locations will be considered for the right candidate.

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.

The Strategy and Technology Group (STG) is Aon’s global consulting and technology business serving insurers, reinsurers, MGAs, program administrators, and other participants across the insurance value chain. STG pairs Aon’s proprietary data, analytics, and global network of insurance experts with a consulting model built on senior-level expertise and distinctive insight.

• Design, build, enhance, validate, and interpret stochastic risk and capital models for P&C insurers, reinsurers, and other insurance clients.
• Apply hands‑on expertise in capital modeling platforms (ReMetrica experience preferred but not required) to deliver client solutions from day one.
• Lead risk, volatility, and asset parameterization, including calibration, dependency structures, scenario design, validation, and documentation.
• Develop multi-year financial and cash flow projections integrating underwriting, reserving, reinsurance, investments, taxation, liquidity, and management actions.
• Perform economic capital, rating agency, stress testing, capital allocation, and capital adequacy analyses.
• Support enterprise risk management initiatives, including risk appetite frameworks, tolerances, limits, targets, and management reporting.
• Translate complex modeling results into actionable recommendations on capital strategy, reinsurance, growth, business mix, liquidity, and risk management.
• Maintain strong model governance through rigorous controls, documentation, peer review, and quality assurance.

• Lead small to mid‑sized consulting engagements, managing scope, timelines, budgets, staffing, quality, and client communication.
• Serve as a trusted advisor to actuarial, risk, finance, underwriting, treasury, investment, and executive stakeholders.
• Contribute as a workstream lead on large, multidisciplinary projects across actuarial, strategy, reinsurance, finance, and analytics teams.
• Structure complex business problems, develop analytical approaches, and deliver defensible, decision‑ready solutions.
• Communicate technical findings clearly, highlighting implications, trade‑offs, limitations, and recommendations.

• Contribute to complex assignments including mergers and acquisitions, capital raises, sidecars, loss portfolio transfers, reinsurance strategies, and legal entity restructuring.
• Assess the impact of transaction structures, financing, investments, reinsurance, and management actions on risk, earnings volatility, liquidity, and capital.
• Partner with senior colleagues to integrate actuarial, financial, strategic, and transaction advisory solutions.

• Help clients define problems, clarify objectives, and develop solutions that address strategic business needs.
• Support proposals, RFP responses, client presentations, thought leadership, benchmarking studies, and industry events.
• Collaborate across Aon to develop integrated solutions spanning capital modeling, enterprise risk management, reserving, pricing, reinsurance, and transaction advisory.
• Identify growth opportunities within client relationships and contribute to the continued expansion of the practice.

• Approximately 5-9 years of P&C actuarial, risk, capital…