ALM Director, Consultant

Aon Corporation•Edmonton, AB

3d•Hybrid

About The Position

Aon is seeking an experienced ALM Director, Consultant to join our Global Life Risk Modelling team. In this role, you will help develop sophisticated asset-liability management solutions, support PathWise implementations, and work with global insurance clients to solve sophisticated financial and investment challenges. Aon Life Solutions provides high efficiency computing software, consulting services as well as advisory services to financial intermediaries, primarily insurance companies. The 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. Global Life Risk Modelling consulting services has focused primarily on actuarial analysis, modelling of insurance liabilities and financial assets, asset-liability management (ALM), and reviews of hedging programs. As a Director and Offshore lead in Global Life Risk Modelling Consulting Team, you will supervise developers and partners with actuarial, asset, and ALM teams to support the development of integrated asset–liability models and processes for companies moving to PathWise. You will help design and implement stochastic ALM frameworks, reinvestment strategies, and risk metrics (e.g., duration/KRD, capital and liquidity measures) within PathWise to support regulatory, economic capital, and management decision‑making. You will provide valuable contributions to the Aon Life product vision and go‑to‑market strategy, particularly focusing on solutions related to managing assets and liabilities, including hedging, balance sheet optimisation, and strategic asset allocation for life insurers.

Requirements

8+ years of experience in ALM modeling, investments, or the life insurance / pension industry in an investment actuary or similar role, working within ALM and/or portfolio management
Demonstrated experience with asset allocation strategy, portfolio optimization, investing committed to matching liabilities, and measurement of investment‑related risks (e.g., interest rate risk, credit risk, liquidity risk)
Proven understanding of Bermuda’s insurance regulatory framework (e.g., BMA regulations, BSCR, EBS, economic balance sheet concepts) and how it impacts ALM, capital, and product design for life insurers and reinsurers
In-depth knowledge participating and index-linked insurance products, and the valuation and capital requirements for such products
Familiarity with Monte Carlo simulation techniques for projecting asset and liability cash flows and assessing distribution of outcomes
Experience with object-oriented programming languages and actuarial software systems (Python programming experience preferred)
Excellent communication skills, with a track record of effective collaboration with cross‑functional teams and clear, client‑facing presentation of complex ALM concepts

Nice To Haves

Member of Institute and Faculty of Actuaries, Society of Actuaries, or Chartered Financial Analyst preferred

Responsibilities

Develop and implement asset liability management (ALM) / liability driven investing (LDI) models for institutional clients under different regulatory frameworks
Provide programming and analytical expertise in a practical asset/liability and portfolio management context, including ALM risk monitoring and reporting, asset rebalancing, portfolio optimizations, and investment strategy research
Build and maintain SAA and optimal asset solver for use in balance sheet projections of financial services companies
Further the development of robust, production‑quality processes for ALM, hedging, strategic asset allocation, reinvestment modeling, and insurance company financial reporting (statutory, GAAP/IFRS, and economic capital)
Participate in the expansion of PathWise ALM and risk functionality as the need arises or as requested by clients, including new ALM analytics, reporting, and workflow automation
Contribute to the advancement of models and processes for companies moving into PathWise
Provide hands-on training to users of PathWise
Develop standalone training reference materials for PathWise users
Identify shortfalls in company processes and propose improvements
Troubleshoot issues as they arise during PathWise migrations, focusing on providing a strong initial user experience
Participate in demonstrations to potential clients
Develop models or ALM features specific to client requirements
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
Attend industry and client conferences
Supervise developers and partners with actuarial, asset, and ALM teams to support the development of integrated asset–liability models and processes for companies moving to PathWise
Help design and implement stochastic ALM frameworks, reinvestment strategies, and risk metrics (e.g., duration/KRD, capital and liquidity measures) within PathWise to support regulatory, economic capital, and management decision‑making
Provide valuable contributions to the Aon Life product vision and go‑to‑market strategy, particularly focusing on solutions related to managing assets and liabilities, including hedging, balance sheet optimisation, and strategic asset allocation for life insurers