Managing Director, Life Solutions, STG, Aon's Strategy & Technology Group

Aon Corporation • Chicago, IL

3h • Hybrid

About The Position

As part of an industry-leading team, you will help empower results for our clients by delivering innovative software, advisory, and managed services solutions. This position is a North American role (based in Chicago, New York, or remote/hybrid) within the Life Solutions practice of the Strategy and Technology Group at Aon. Life Solutions at Aon is part of the Strategy and Technology Group and provides modeling software solutions and advisory services to Life and Annuity Re/insurers across the globe. Life Solutions' high-performance modeling platform, PathWise®, provides companies with the ability to easily model all aspects of an insurer’s balance sheet and income statement without the need for complex coding and is run on Graphical Processing Units (GPU), making it the fastest, most flexible, and most intuitive software platform currently in use in the insurance industry. Our advisory services include actuarial consulting, regulatory and financial reporting support, capital advisory, reinsurance optimization, hedging solutions, transformation and modernization services, and more. 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.

Requirements

• Bachelor’s degree in actuarial science, Mathematics, Finance, or a related quantitative field.
• FSA (Fellow of the Society of Actuaries) is required.
• 12+ years of progressive experience in the life insurance or investment banking industry, with a specific focus on hedging, ALM, or derivatives.
• Demonstrated success in business development or senior consulting role, with a history of developing solutions for actuarial and investment partners.
• A proactive, goal-oriented approach with the ability to navigate technical procurement processes and influence decision makers.
• Deep technical understanding of Variable Annuities (VA), RILAs, FIAs, and MYGAs, including their valuation, risk sensitivities (Greeks), and hedging instruments.
• Strong familiarity with standard industry hedging programs (static, dynamic, and macro-hedging). You must understand the daily workflows of a hedging team to effectively sell them a better solution.
• Expert-level knowledge of US statutory regulations, specifically VM-21, VM-22, and BSCR, and their implications for hedging strategy and capital optimization.
• Exceptional presentation skills, with the ability to "speak the language" of actuaries, quantitative analysts, and traders while articulating value to business unit leaders.

Nice To Haves

• A master’s degree or PhD is preferred.
• CFA (Chartered Financial Analyst) designation is highly preferred.
• Familiarity with Share Buyback execution methods, such as eOMR (enhanced Open Market Repurchase) and ASR (Accelerated Share Repurchase), is highly desirable

Responsibilities

• Be responsible for the full sales cycle for Hedging, Strategic Asset Allocation, and ALM solutions proactively identifying insurance carriers seeking to better handle risk, optimize returns, or improve efficiency and confidence in existing processes.
• Build and maintain strong, substantive relationships with Heads of Hedging, Treasurers, VPs of ALM, Chief Actuaries, Chief Investment Officers, and CFO’s across the North American life insurance market.
• Promote and cross-sell Aon’s Share Buyback transaction services; advise clients on efficient capital deployment strategies to improve shareholder value alongside their risk management programs.
• Translate complex quantitative challenges into compelling arguments. Demonstrate to insurance leaders how PathWise® solves specific operational pain points—such as runtime speed, model granularity, and regulatory compliance.
• Drive ambitious revenue targets by expanding Aon’s presence in the top tier life insurance market; identify and capitalize on opportunities in the fast-growing FIA, RILA and MYGA spaces and along with SAA optimizations for Bermuda Capital, VM-22, and other constraints.
• Lead technical pitches that benchmark a prospect's existing hedging program and investment performance against industry guidelines. Provide Aon solutions to address.
• Use your knowledge of VM-21, VM-22, Bermuda Solvency Capital, and related factors. Engage valuation and reporting actuaries to make PathWise® the key tool for fulfilling current statutory needs and improving capital efficiency.
• Monitor capital market trends and competitor activities to provide timely insights to clients and internal product teams.

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
• paid time off at the discretion of the employee and management in accordance with company policy and practices
• various other types of leaves of absence
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Number of Employees: 5,001-10,000 employees