Actuarial Analyst (Analytics)

The Company Overview

Aon plc (NYSE: AON) is a leading global professional services firm providing a broad range of risk, retirement, and health solutions.

Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

Aon India Insurance Brokers Private Limited, licensed since 2017, is a composite insurance broker delivering insurance and reinsurance broking services to corporate clients in India.

Aon India has over 500 colleagues across nine locations in India.

Job Dimensions (role and responsibilities):

• Experience in various actuarial pricing techniques such as experience and exposure rating.
• High level of proficiency in dynamic financial analysis (DFA) for the purposes of reinsurance optimization and reinsurance pricing.
• An understanding of the various reinsurance structures to manage risk and implementation of them within the modelling framework.
• Play a proactive role in establishing and upholding actuarial best practice including technical peer review with potential scope to participate on the regional Actuarial Practice Group (APG).
• Take on responsibility as actuarial territorial contact, liaising with clients and colleagues to establish client project objectives and outcomes, and manage these projects.
• Do presentations and conduct training sessions relating to actuarial work and methods, ensuring the effective and efficient communication of concepts and key outcomes to both colleagues and clients.
• Peer review projects undertaken by other team members and provide guidance and mentoring to junior analysts whenever required.
• Provide support around workflow management for renewals including managing and delivering project outcomes for domestic and regional clients.
• Assist in driving improvements in efficiency in actuarial projects aligned with commercial needs and help develop the articulation in delivery of actuarial outcomes.

Work location is Mumbai.

Need to be a University graduate in Business, Economics, Actuarial Science, or related fields such as Finance or Statistical studies. Actuarial qualification or working towards actuarial qualification is strongly preferred.

Minimum 3+ years’ relevant experience in the Non-Life insurance industry working in consulting, product development, marketing, or analytical roles. Reinsurance experience would be a major plus.

Key Performance Indicators:

• Impeccable customer service.
• Developing and maintaining actuarial networks and key relationships.
• Insurance and/or reinsurance pricing and tendering experience.
• Natural taste for tackling challenges and creating new market norms.
• This role offers a great combination of fun and hard work and will bring you a wealth of client-facing experience.

Skills and Attitude:

• Enthusiastic dedication to clients with a winning spirit.
• Self-motivated, holds oneself accountable, and takes ownership for problem resolution.
• Able to prioritize under the pressure of competing deadlines.
• Excellent communication and presentation skills.
• Able to engage and interact within internal and external organizations.