Actuarial Associate Director - P&C Reserving - STG Consulting

Aon Corporation • New York, NY

34d • Hybrid

About The Position

Actuarial Associate Director -P&C Reserving - STG Consulting This is a hybrid role with the flexibility to work both virtually and from our Chicago, Minneapolis, or New York City Offices 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 Aon's Strategy and Technology Group (STG) is seeking an experienced actuary to join their consulting team and help to accelerate the development of their actuarial advisory business focused on clients in the insurance and reinsurance industries. STG is Aon's new global consulting and technology business focused on, but not limited to, insurance and reinsurance companies and other participants in the insurance industry. Primary role will be reserving with secondary focus on pricing and/or capital modeling.

Requirements

• 5+ years of experience in Actuarial Reserving and Reserve Analysis for P&C insurance.
• Bachelor's or Master's degree in Actuarial Science, Statistics, Data Science, Economics, a related field or equivalent years of industry experience

Nice To Haves

• Experience in Economic capital modeling for Property and Casualty insurance preferred
• Prior experience working as an Actuarial Consultant preferred
• Experience with NAIC Statements of Actuarial Opinions is preferred
• Experience in actuarial pricing methods, GLMs, machine learning, and regulatory frameworks is preferred
• Experience in Dynamic Financial Analysis preferred
• Proven leadership in client-facing roles, with a track record of delivering strategic pricing and modeling solutions
• Proficiency in R, SQL, Python, or similar languages preferred
• FCAS, ACAS or equivalent credential preferred

Responsibilities

• Lead the preparation, analysis, and presentation of quarterly loss and LAE reserve levels using standard actuarial reserving methodologies, ensuring results are clearly communicated to clients and stakeholders.
• Conduct qualitative and quantitative analyses-including data exploration, forecasting, and modeling-to identify trends, deviations, and key drivers of reserve results, offering proactive insights and recommendations.
• Develop and deliver clear reports, presentations, and proposals to clients, supporting their decision-making and ensuring technical findings are accessible and actionable.
• Oversee the allocation of held bulk reserves to granular levels as directed by clients, and provide support to accounting teams for loss-based accruals.
• Perform quality assurance checks and peer reviews on the work of team members, ensuring technical accuracy, integrity, and adherence to internal and external standards.
• Review and evaluate existing procedures and operations, recommending and implementing improvements for greater efficiency and effectiveness both internally and for clients.
• Manage or participate in key actuarial projects, mentor junior team members, and support the delivery of quarterly reserve studies and Statements of Actuarial Opinion (SAO).
• Knowledgeable on pricing strategies using predictive analytics, actuarial techniques, and machine learning.
• Build and refine pricing models to improve risk segmentation, profitability, and competitive positioning.
• Ensure pricing approaches align with regulatory requirements and market dynamics.
• Deliver on consulting projects focused on the development, implementation & validation of capital modeling solutions for North American Property & Casualty insurance clients.
• Stay current on emerging modeling techniques and tools and apply them to solve complex business problems.
• Serve as a trusted team member on client engagements, translating complex analytics into actionable business insights.
• Support on client engagements from scoping through delivery, ensuring high-quality outcomes and long-term value.
• Assist in business development efforts by crafting proposals, presenting thought leadership, and identifying growth opportunities.
• Partner with underwriting, product, claims, legal, actuarial, and technology teams to deliver integrated solutions.
• Promote collaboration across teams to ensure seamless execution of pricing and modeling strategies.
• Monitor regulatory changes and advise clients on necessary adjustments to pricing and modeling frameworks.
• Mentor and develop team members, fostering a culture of continuous learning and professional growth.
• Implement effective performance management practices and participate in recruitment efforts.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Professional, Scientific, and Technical Services
• Number of Employees: 5,001-10,000 employees