Aon is looking for an Associate Director - Modelling, 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 Toronto, Ontario (or work remotely). As an Associate Director, you will report directly to the Director, Consulting. Applicants must be legally authorized to work in Canada. This role is not eligible for sponsorship, and we are unable to sponsor or take over sponsorship of an employment visa or work permit. 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 Development Services + Build and maintain insurance liability models, focusing on reserve and capital calculations for life insurance companies based on relevant regulatory standards, while considering management actions + Build and maintain financial asset models for use in balance sheet projections of financial services companies + Further the development of robust processes required for insurance company, such as financial reporting or pricing + 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 transitioning to PathWise + Provide hands-on training for PathWise users + Develop independent training reference materials for PathWise users + Identify deficiencies in organizational processes and propose enhancements + Resolve issues as they arise during PathWise migrations, ensuring a positive initial user experience Business Development Support + Engage in demonstrations to potential clients + Develop models specific to client requirements + Participate in industry, academic and internal research initiatives + Prepare and present on emerging topics relevant to the insurance and financial services sectors + Participate in industry and client conferences How this opportunity is different 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. Skills and experience that will lead to success Required Skillset + Over 7 years of experience in the life insurance sector, specializing in a modelling, valuation, consulting or pricing roles, with a focus on financial guarantees embedded in life insurance products, such as participating products + Strong experience in modelling or valuation of life insurance products across various reporting standards, such as IFRS17 and Risk-Based Capital (RBC) Preferred Skillset + Proficiency in financial reporting standards within Asia-Pacific region, such as Hong Kong RBC, Singapore RBC, and IFRS17, encompassing insurance products like Participating, Universal Life, Indexed Linked, and Non-participating products + Understanding of financial assets including derivatives + Experience in models with Monte Carlo simulation + Knowledge of object-oriented programming concepts, with a preference for Python programming expertise + Fellowship or near fellowship status with the Society of Actuaries, or an equivalent qualification + Excellent communication skills to facilitate extensive team collaboration and client engagement How we support our colleagues 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. 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 ReasonableAccommodations@Aon.com or your recruiter. We will work with you to meet your needs and ensure a fair and equitable experience. 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. #LI-HYBRID #LI-NA1 2564033 Aon is looking for an Associate Director - Modelling, 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 Toronto, Ontario (or work remotely). As an Associate Director, you will report directly to the Director, Consulting. Applicants must be legally authorized to work in Canada. This role is not eligible for sponsorship, and we are unable to sponsor or take over sponsorship of an employment visa or work permit. 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 Development Services + Build and maintain insurance liability models, focusing on reserve and capital calculations for life insurance companies based on relevant regulatory standards, while considering management actions + Build and maintain financial asset models for use in balance sheet projections of financial services companies + Further the development of robust processes required for insurance company, such as financial reporting or pricing + 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 transitioning to PathWise + Provide hands-on training for PathWise users + Develop independent training reference materials for PathWise users + Identify deficiencies in organizational processes and propose enhancements + Resolve issues as they arise during PathWise migrations, ensuring a positive initial user experience Business Development Support + Engage in demonstrations to potential clients + Develop models specific to client requirements + Participate in industry, academic and internal research initiatives + Prepare and present on emerging topics relevant to the insurance and financial services sectors + Participate in industry and client conferences How this opportunity is different 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. Skills and experience that will lead to success Required Skillset + Over 7 years of experience in the life insurance sector, specializing in a modelling, valuation, consulting or pricing roles, with a focus on financial guarantees embedded in life insurance products, such as participating products + Strong experience in modelling or valuation of life insurance products across various reporting standards, such as IFRS17 and Risk-Based Capital (RBC) Preferred Skillset + Proficiency in financial reporting standards within Asia-Pacific region, such as Hong Kong RBC, Singapore RBC, and IFRS17, encompassing insurance products like Participating, Universal Life, Indexed Linked, and Non-participating products + Understanding of financial assets including derivatives + Experience in models with Monte Carlo simulation + Knowledge of object-oriented programming concepts, with a preference for Python programming expertise + Fellowship or near fellowship status with the Society of Actuaries, or an equivalent qualification + Excellent communication skills to facilitate extensive team collaboration and client engagement How we support our colleagues 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. 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 ReasonableAccommodations@Aon.com or your recruiter. We will work with you to meet your needs and ensure a fair and equitable experience. 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. #LI-HYBRID #LI-NA1