Senior Consultant, STG – Modelling

Singapore
Permanent
Full-time

20 days ago

Posting Description:Senior Consultant, STG – ModellingAon is in the business of better decisionsAt 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.What the day will look likeAs part of an industry-leading team, you will help empower results for our clients by delivering innovative and effective solutions as part of our Aon Life Solutions within Aon Reinsurance Strategy and Technology Group, in Singapore. As a senior consultant, you will report directly to the Director, Global Life Risk Modelling Consulting.Development Services

Create insurance liability models, focusing on reserve and capital calculations for Hongkong and Singapore companies based on local Risk-Based Capital Regulation and IFRS17.
Create and maintain financial asset and ALM models for use in balance sheet projections of financial services companies.
Develop and maintain Economic Scenario Generators used in the valuation of financial assets and insurance liabilities.
Further the development of robust processes for strategic asset allocation, scenario generator calibration, insurance company financial reporting, etc.
Participate in the expansion of PathWise functionality as the need arises or as requested by clients

Onboarding Services

Support the development of models and processes for companies moving into PathWise
Provide hands-on training for PathWise users
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
Help maintain and strengthen client relationships through participation in client consultations
Be a primary contact for select clients

Business Development Support

Participate in demonstrations to potential clients
Develop models 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

Skills and experience that will lead to success

1-5 years of experience in the life insurance industry in a valuation/pricing/hedging role working with financial guarantees embedded in life insurance products

Knowledge of Singapore and Hongkong reserves and capital requirements for the life insurance industry, covering products such as Indexed and Variable Annuities, ULSG, Participate and traditional life insurance products
Understanding of financial assets including derivatives
Familiarity with Monte Carlo simulations
Knowledge of object-oriented programming concepts (Python programming experience preferred)
Member of Institute and Faculty of Actuaries or Society of Actuaries preferred
Strong communication skills for heavy team and client interactions

How this opportunity is differentAon 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 and reviews of hedging programs.How we support our colleaguesIn 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 recognise 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.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.Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email

Aon

Apply Now