Associate Director - Pathwise

Aon is looking for an Associate Director.

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 PathWise Solutions Group (PSG) business group within Aon Reinsurance, in Toronto, Ontario. As an Associate Director, you will report directly to the Managing Director, Consulting.

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, diverse team, and we are passionate about helping our colleagues and clients succeed.

How This Opportunity Is Different

PathWise Solutions Group (PSG) provides high efficiency computing software, consulting services as well as advisory services to financial intermediaries, primarily insurance companies. PSG’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. PSG’s consulting services has focused primarily on actuarial analysis, reviews of hedging programs, and modelling of insurance liabilities and financial assets.

What The Day Will Look Like

Development Services

• Participate in the expansion of PathWise functionality as the need arises or as requested by clients
• Further the development of robust processes for hedging, strategic asset allocation, scenario generator calibration, insurance company financial reporting, etc.
• Develop and maintain Economic Scenario Generators used in the valuation of financial assets and insurance liabilities.
• Create and maintain financial asset models for use in balance sheet projections of financial services companies.
• Create insurance liability models, focusing on reserve and capital calculations for US and Canadian companies based on appropriate regulatory standards.

Onboarding Services

• Troubleshoot issues as they arise during PathWise migrations, focusing on providing a strong initial user experience
• Develop standalone training reference materials for PathWise users
• Provide hands-on training for PathWise users
• Be a primary contact for select clients
• Help maintain and strengthen client relationships through participation in client consultations
• Identify shortfalls in company processes and propose improvements
• Support the development of models and processes for companies moving into PathWise

Business Development Support

• Attend industry and client conferences
• Develop models specific to client requirements
• Participate in demonstrations to potential clients
• Develop and deliver presentations on emerging issues pertaining to the insurance industry and the financial services industry

Skills And Experience That Will Lead To Success

• Strong communication skills for heavy team and client interactions
• Experience/knowledge of determining asset allocation strategies, portfolio optimization, liability driven investment strategies, and measuring investment related risks
• Familiarity with Monte Carlo simulations
• Knowledge of object-oriented programming concepts (Python programming experience preferred)
• Knowledge of ALM, valuation and capital requirements for the life insurance industry
• 5+ years of experience in asset modelling, investment, life insurance or pension industry in an investment actuary role working within ALM/Portfolio Management
• Experience/knowledge on modeling general account assets including fixed income securities, public equity, private debt, MBS, and derivatives
• Member of Canadian Institute of Actuaries, Society of Actuaries, or Chartered Financial Analyst preferred

How We Support Our Colleagues

In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive 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, but we also recognize that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!

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.

We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation on [email protected]

Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.

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