Actuarial Analyst

Life is full of risks, from unexpected hurricanes to earthquakes, terrorism to cybercrime, always ending up with financial impacts. They can't be controlled but can be managed. Join Aon to help our clients manage these risks in the world of reinsurance - a very innovative and international industry, highly developed in global financial centres such as Zurich, London, Bermuda, and Chicago.

Actuarial Analyst

We are searching for an Actuary for our office in Prague (Czech Republic) to work in a team following clients across the EMEA region. The position is suitable if you want to start your career as well as if you are planning your next step after a first experience.

How this opportunity is different

We can offer two activities that are not so common for actuaries - stochastic modelling and very diverse work.

• Diverse work - We are helping insurers in their risk transfer of their business lines and doing things that often insurers are not able to do by themselves. We work for many different clients in the Middle East, where every client has a different portfolio and different problems, making our work very diverse with many opportunities to learn and further develop.
• Stochastic modelling - We advise insurers on their risks and need to see what is happening during extreme events and be able to use risk measures like Value at Risk. Aon developed one of the most used stochastic modelling tools for Non-Life called Remetrica, and all actuaries have access to it. You will make stochastic modelling after a few months in the office and quite often.

The nature of the work is project-oriented, client-focused, and targeted at creative problem solving. You will be exposed to a wide range of insurance and reinsurance products, both traditional and non-traditional.

What the day will look like

• Work with colleagues (brokers, analytics, and others) to identify and respond to client needs and develop additional opportunities related to products and services.
• You will perform technical analysis and gain innovative insights into insurance companies, their portfolios, and reinsurance contracts.
• Inventory and manage client as well as industry data with the aim to further develop market studies (motor insurance, inflation development, etc.) and develop our internal tools.
• Analyse the costs and benefits of risk transferred under reinsurance agreements via pricing analysis and dynamic risk modelling (mainly using collective risk model, various distribution fitting techniques for frequencies and severities).
• Assist in preparing client-ready presentations to communicate analysis results to brokers and clients.

Skills and experience that will lead to success

• University degree in actuarial sciences (mathematics applied to insurance) at master’s level.
• Proficient knowledge of English.
• Proactive and result-oriented working style.
• Ability to identify and resolve problems, think creatively and analytically.
• Being able to learn quickly and find new solutions.
• Team player mentality, while building constructive and effective working relationships.
• Good digital literacy (MS Office) is required; programming skills (R, VBA, Python, etc.) are an advantage.

What we offer:

• Exciting and varied role in the very international reinsurance industry.
• Training in our sophisticated methods, including Remetrica, our stochastic modelling tool.
• Opportunity to work for the world market leader.
• Competitive salary and attractive benefits package including pension scheme contributions, language courses, and high-quality working conditions in our modern offices in the city center.
• Possibility of flexible working.

How we support our colleagues

In addition to our comprehensive benefits package, we encourage a diverse workforce. 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.

Our continuous learning culture inspires and equips you to learn, share, and grow, helping you achieve your fullest potential. 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 and interview process.