Actuarial Associate Director

Aon Corporation • Chicago, IL

2d • Hybrid

About The Position

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

• 7+ years of experience in Actuarial Reserving and Reserve Analysis for P&C insurance.
• ACAS or equivalent credential required
• Proven leadership in client-facing roles, with a track record of delivering strategic pricing and modeling solutions
• 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 with NAIC Statements of Actuarial Opinions is preferred
• Experience in actuarial pricing methods, GLMs, machine learning, and regulatory frameworks is preferred
• Proficiency in R, SQL, Python, or similar languages 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.
• 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.
• 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.

Benefits

• 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
• an employee assistance program that includes free counseling sessions
• an annual discretionary bonus

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level