Director Actuarial Risk Management Jobs (NOW HIRING)

Aon Strategy and Technology Group (STG) – Actuarial Consulting

Location Hybrid – Chicago, IL, Minneapolis MN or New York, NY (other locations considered)

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.

The Strategy and Technology Group (STG) is Aon’s global consulting and technology business focused on, but not limited to, insurers, reinsurers, and other participants in the insurance industry. STG combines privileged access to Aon’s proprietary data, advanced analytics, and global network of insurance experts to deliver distinctive insights and solutions across the risk and capital spectrum.

We are seeking a Senior Managing Director to join our Actuarial Consulting team, with a particular focus on strategic and actuarial analyses for insurance and reinsurance clients and on building and scaling differentiated service offerings.

In this senior contributor role, you will:

• Lead consultative sales and client solutions
  • Own and grow relationships with C‑Suite and senior executives at insurers and reinsurers.
  • Drive complex, consultative sales processes from opportunity identification through proposal, structuring, and closing.
  • Diagnose client problems and design integrated actuarial and strategic solutions that address growth, profitability, capital, and risk objectives.
  • Articulate risk/reward trade‑offs and communicate complex technical concepts in clear, commercial language.
• Act as a “builder” of services and solutions
  • Develop and refine new actuarial and strategic consulting offerings, including value propositions, delivery methods, and pricing approaches.
  • Enhance existing offerings (e.g., pricing, reserving, capital modeling, portfolio optimization, product design) to improve client impact and scalability.
  • Identify and connect adjacent capabilities across STG and Aon (e.g., reinsurance advisory, strategy, capital, and analytics) to create bundled, higher‑value client engagements.
  • Pilot innovative solutions with anchor clients, capture learnings, and translate them into repeatable offerings and go‑to‑market collateral.
• Drive commercial growth
  • Develop and execute commercial strategies to expand STG’s actuarial advisory presence in target segments.
  • Research and analyze prospective clients using public data (press releases, earnings calls, investor presentations) to identify issues, opportunities, and decision‑makers.
  • Create targeted content (e.g., issue papers, thought leadership, benchmarking studies, workshop materials) that address specific client and prospect needs.
  • Leverage internal and external networks to build a high‑quality pipeline of opportunities and drive revenue growth.
• Oversee delivery of complex actuarial advisory engagements
  • Lead multidisciplinary project teams delivering work across pricing, reserving, capital/DFA, portfolio optimization, reinsurance strategy, growth and product strategy, and related analytics.
  • Ensure high‑quality, timely delivery and a consistent client experience across engagements and geographies.
  • Serve as a trusted advisor in key meetings and workshops, including leading technical and strategic discussions with executives, regulators, boards, and other stakeholders.
• Contribute to culture, talent, and collaboration
  • Partner with STG and Aon Reinsurance leadership to foster a cohesive, collaborative culture and “Aon United” ways of working.
  • Mentor and develop team members, helping them grow consultative skills, solution‑building capability, and commercial acumen.
  • Champion an environment of continuous improvement, innovation, and learning across the actuarial consulting team.

• FCAS (or equivalent casualty actuarial credential) required.
• Typically 15+ years of experience in an analytics‑centric environment, preferably in property/casualty insurance, reinsurance, or actuarial consulting.
• Demonstrated track record leading complex actuarial and strategic engagements for insurance or reinsurance clients.
• Familiarity with R, Python, SQL or similar analytics tools preferred; strong proficiency in MS Office, particularly Excel and PowerPoint, required.

The salary range for this position (intended for U.S. applicants) is $275,000 -$300k annually. The actual salary will vary based on applicant’s education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant’s geographic location.

This position is eligible to participate in one of Aon’s annual incentive plans to receive [an annual discretionary bonus] in addition to base salary. The amount of any [bonus] varies and is subject to the terms and conditions of the applicable incentive plan.

• a 401(k) savings plan with employer contributions
• an employee stock purchase plan
• consideration for long-term incentive awards at Aon’s discretion
• medical, dental and vision insurance
• various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance
• optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance program that includes free counseling sessions