Director - Life Reinsurance Analytics, Asia (12 month contract)
We are seeking a highly motivated individual to join our Regional Life & Health Reinsurance team servicing our clients in Asia. In this role, the new team member will take an integrant part in the development of our Life & Health Reinsurance business in Asia Pacific, with a focus on South East Asian and South Asian markets.
The role will consist in understanding clients’ objectives and needs (financial, commercial, strategic), conducting quantitative risks and benefits analyses, structuring and pricing reinsurance transactions, as well as designing optimal reinsurance solutions, in order to meet their risk, return and capital requirements.
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.
What the day will look like
- A core member of Aon’s APAC Life & Health reinsurance team, reporting to Life & Health Leader, Reinsurance Solutions, Asia Pacific.
- Contribute to the development and articulation of our analytics value proposition to existing and prospect life and health re/insurance clients.
- Conduct ad-hoc actuarial analyses for clients, in support of the client managers. This may include:Apply various actuarial pricing techniques such as experience and exposure rating, to assess the cost and benefits of reinsurance arrangements and articulate the numeric observations internally and externally
Conduct analysis and experience studies to develop or peer review best estimates
Participate in product development activities
Perform actuarial risk assessment and valuation of clients’ portfolios (VIF, NB projections) for the purpose of structuring, optimizing and pricing reinsurance
Explore and model various reinsurance structures to manage risk, quantify their relative costs and benefits, and assess their commercial feasibility
Present and explain results, conclusions and recommendations of the analyses to the relevant stakeholders (colleagues, clients, reinsurers)
- Organize data and actuarial information for future use
- Enhance existing tools and methodologies, research and develop new models and products
- Lead reinsurance consulting projects from scoping and providing details into proposals to managing delivery and ensuring outcomes are met
- Lead 1 Actuarial Analyst under direct reporting line
Skills and experience that will lead to success
- Candidates with Fellow in Actuarial Studies, or related fields such as mathematics, finance or statistical studies preferred.
- Seasoned experience in Life & Health reinsurance or insurance industry working in analytical roles, direct re/insurance pricing experience and/or valuation, capital modelling/management is required
- Strong software skills
- Attach a prominent importance to the quality, completeness and accuracy of its work.
- Self-motivated, holds oneself accountable and takes ownership for problem resolution
- A team player – able to adapt in a dynamic team environment. Able to lead, guide and train junior colleague(s).
- Ability to travel within the Asia region to facilitate client presentations, seminars and conferences as required.
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 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 [email protected]
