ALM Director, Consultant

Aon is seeking an experienced ALM Director, Consultant to join our Global Life Risk Modelling team. In this role, you will help develop sophisticated asset-liability management solutions, support PathWise implementations, and work with global insurance clients to solve sophisticated financial and investment challenges.

Applicants must be legally authorized to work in Canada. This role is not eligible for sponsorship, and we are unable to sponsor or take over sponsorship of an employment visa or work permit.

What the day will look like

Development Services

• Develop and implement asset liability management (ALM) / liability driven investing (LDI) models for institutional clients under different regulatory frameworks
• Provide programming and analytical expertise in a practical asset/liability and portfolio management context, including ALM risk monitoring and reporting, asset rebalancing, portfolio optimizations, and investment strategy research
• Build and maintain SAA and optimal asset solver for use in balance sheet projections of financial services companies
• Further the development of robust, production-quality processes for ALM, hedging, strategic asset allocation, reinvestment modeling, and insurance company financial reporting (statutory, GAAP/IFRS, and economic capital)
• Participate in the expansion of PathWise ALM and risk functionality as the need arises or as requested by clients, including new ALM analytics, reporting, and workflow automation

Onboarding Services

• Contribute to the advancement of models and processes for companies moving into PathWise
• Provide hands-on training to users of PathWise
• 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

Business Development Support

• Participate in demonstrations to potential clients
• Develop models or ALM features 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

How this opportunity is different

Aon 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, asset-liability management (ALM), and reviews of hedging programs. As a Director and Offshore lead in Global Life Risk Modelling Consulting Team, you will supervise developers and partners with actuarial, asset, and ALM teams to support the development of integrated asset-liability models and processes for companies moving to PathWise. You will help design and implement stochastic ALM frameworks, reinvestment strategies, and risk metrics (e.g., duration/KRD, capital and liquidity measures) within PathWise to support regulatory, economic capital, and management decision-making. You will provide valuable contributions to the Aon Life product vision and go-to-market strategy, particularly focusing on solutions related to managing assets and liabilities, including hedging, balance sheet optimisation, and strategic asset allocation for life insurers.

Skills and experience that will lead to success

• 8+ years of experience in ALM modeling, investments, or the life insurance / pension industry in an investment actuary or similar role, working within ALM and/or portfolio management
• Demonstrated experience with asset allocation strategy, portfolio optimization, investing committed to matching liabilities, and measurement of investment-related risks (e.g., interest rate risk, credit risk, liquidity risk)
• Proven understanding of Bermuda's insurance regulatory framework (e.g., BMA regulations, BSCR, EBS, economic balance sheet concepts) and how it impacts ALM, capital, and product design for life insurers and reinsurers
• In-depth knowledge participating and index-linked insurance products, and the valuation and capital requirements for such products
• Familiarity with Monte Carlo simulation techniques for projecting asset and liability cash flows and assessing distribution of outcomes
• Experience with object-oriented programming languages and actuarial software systems (Python programming experience preferred)
• Member of Institute and Faculty of Actuaries, Society of Actuaries, or Chartered Financial Analyst preferred
• Excellent communication skills, with a track record of effective collaboration with cross-functional teams and clear, client-facing presentation of complex ALM concepts

Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate.

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