Aon is looking for a Managing Director
As part of an industry-leading team, you will help empower results for our clients by delivering innovative and effective solutions supporting Reinsurance Solutions, in Toronto, Ontario. As a Managing Director, you will report directly to the President and CEO of PathWise Solutions Group,
PathWise Solutions Group (PSG) is wholly owned Aon and provides life insurance companies with an enterprise high performance computing solution, and consulting services.. PSG’s platform, called PathWise™, provides companies with the ability to easily model financial products without complex and involved coding and runs on Graphical Processing Units (GPU), making it the fastest and most flexible software platform currently in use in the life insurance industry today.
Your impact as a Managing Director
Working with clients to understand their life insurance products such as VA (variable annuities) and FIA (fixed indexed annuities) modeling and reporting requirements and processes, and working with PSG software engineering, IT operations, and actuarial and quantitative modeling teams to propose, estimate, and deliver services to clients.
Responsible for providing project management oversight including tracking issues, schedules and deliverables for complex customer delivery projects involving multiple customers with multiple departments.
Promotes client success by addressing issues, ensuring dependencies and risks are identified, ensuring client and internal approvals processes, and environment controls are followed properly and in a timely manner and changes to projects, products, systems and operations are managed.
Works closely with senior management and executive sponsor to ensure clear understanding of program delivery objectives and any constraints that may exist for successful delivery of products and services.
Lead the marketing activities in North American, prepare demonstrations to potential clients and response to Request for Proposal by coordinating with different teams.
Present at industry and client conferences
You Bring Knowledge and Expertise
10+ years of experience working in the Life Insurance industry in pricing, hedging or valuation areas with a solid knowledge of derivatives and LDI strategies for life insurance companies
Actuarial consulting experience
Solid knowledge of US valuation and accounting standards for life insurance products with embedded financial guarantees
Solid knowledge of economic and risk neutral scenarios generators
Familiar with stochastic-on-stochastic simulations for life Insurance products with embedded financial guarantees, in terms modeling residual hedging risk, and measuring capital
Travel is required for this role, up to 25%
Statistical knowledge and programing experience a plus
Strong communications skills to support client and team interactions
Familiarity with Monte Carlo Simulations
Knowledge of general insurance products for liability modeling purposes
Participate in demonstrations to potential clients
Participate in industry, academic and internal research projects
Develop and deliver presentations on emerging issues pertaining to the Insurance and Financial Services Industry
Attend and present at industry and client conferences
Bachelor’s degree in Finance, Statistics or other quantitative degrees
FSA/ASA designation or equivalent is a plus
Post graduate degree would be an asset