Life Consultant Jobs (NOW HIRING)

Joining an industry-leading team, you will deliver innovative advisory, capital, and technology solutions to drive client outcomes. This North American role is based anywhere in the United States with remote or hybrid flexibility. It is within the Life Solutions practice of Aon's Strategy and Technology Group.

Life Solutions at Aon offers modeling software and advisory services to Life and Annuity (re)insurers worldwide. Our advanced modeling platform, PathWise®, enables companies to model every part of an insurer’s balance sheet and income statement without complex coding. It operates on Graphical Processing Units (GPU), making it one of the fastest, most flexible, and most intuitive platforms currently available in the insurance industry. Our advisory services cover actuarial consulting, regulatory and financial reporting support, capital advisory, reinsurance optimization, hedging solutions, transformation, modernization, and more.

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 engaged team and we are passionate about helping our colleagues and clients succeed.

What the day will look like

In this role, you will act as a Consultant, offering technical implementation assistance to senior leadership across Life Advisory and Life Capital Advisory on a broad array of life capital advisory, Bermuda-centered projects, and PathWise® implementations.

• Develop, operate, and analyze actuarial and financial models to assist life capital solutions, M&A and block transactions, reinsurance structures, and capital optimization analyses.
• Deliver actuarial consulting and modeling support on PathWise® implementation projects, assisting clients in designing, testing, and validating modern modeling frameworks that meet their regulatory and business requirements.
• Collaborate with cross-functional groups (capital advisory, actuarial, technology, and reinsurance) to transform complex actuarial and capital concepts into robust, production-quality models and analyses.
• Work within a North American life actuarial team focusing on Life Advisory and PathWise solutions. Success depends on delivering high-quality technical work, assisting senior leaders in securing and completing projects, and contributing to combined advisory and technology solutions for life and annuity clients.

Technical Implementation for Life Capital Advisory & Transactions

• Contribute to the development and carrying out of life and annuity M&A, block transactions, and capital-focused reinsurance solutions.
• Develop and sustain actuarial and financial models to assess cash flows, reserves, capital needs, and transaction economics.
• Carry out valuation, scenario and sensitivity analyses, and providing embedded value/appraisal value assistance under the supervision of senior team members.
• Prepare clear, well-documented model output, reports, and presentations to assist client decision-making.
• Assist in analyzing the impact of alternative deal structures, reinsurance arrangements, and capital strategies on client balance sheets, earnings, and solvency metrics.

Bermuda-Focused Capital & Actuarial Support

• Collaborate with the Managing Director, Life Advisory – Bermuda to support the modeling and analysis required for Bermuda-centered capital and reinsurance solutions, including the impact on BSCR and related measures.
• Participate in actuarial and capital calculations applied in Bermuda regulatory and reporting support, including BSCR-related projections, stress tests, and capital adequacy analyses.
• Help integrate Bermuda-specific assumptions, regulatory requirements, and capital metrics into broader advisory and transaction models.
• Assist with documentation and working papers supporting Bermuda regulatory, actuarial, and capital analyses, in collaboration with local and North American teams.

Actuarial Consulting Support for PathWise® Implementations

• Offer actuarial and technical modeling assistance on PathWise® implementations for life and annuity clients.
• Translate existing actuarial models, assumptions, and methodologies (e.g., Prophet, Axis, MoSes, custom tools) into PathWise® frameworks.
• Build, test, and validate PathWise® models for valuation, capital, ALM, hedging, and regulatory reporting uses.
• Develop and accomplish test plans, reconciliations, and model validation exercises to ensure accuracy and robustness.
• Collaborate with PathWise® developers, architects, and senior actuaries to optimize model design, workflows, methodologies, and business processes.
• Prepare model documentation, user guides, and training materials to assist client adoption and internal knowledge sharing.

Analytics, Tools & Process Improvement

• Develop and enhance standard tools, templates, and code libraries (within PathWise® and other platforms) to improve the efficiency and consistency of advisory and implementation work.
• Contribute to automation, quality control, and model governance initiatives, including version control, peer review processes, and coding standards.
• Assist in developing internal guidelines and knowledge assets for life capital modeling, Bermuda regulatory analytics, and PathWise® implementations.

Client & Internal Collaboration

• Participate in client meetings (virtual and in-person) to gather requirements and clarify technical issues.
• Present modeling approaches and results in a clear, understandable way.
• Assist senior team members in responding to detailed technical and actuarial questions.
• Collaborate effectively with colleagues across teams and practices to deliver integrated solutions.

Skills and experience that will lead to success

Professional Experience

• Proven track record in life insurance / life reinsurance actuarial or quantitative roles.
• Direct involvement in model creation or upkeep (e.g., Prophet, Axis, MoSes, GGY AXIS, PathWise®, or comparable platforms).
• Experience in valuation, pricing, capital management, ALM, or risk modeling related to life and annuity products.
• Exposure to regulatory or economic capital, solvency frameworks, or transaction/capital-motivated projects is a strong plus.
• Previous experience within a life insurer or reinsurer actuarial group, and/or a consulting or advisory firm assisting life and annuity clients is highly desirable.
• Technical and Modeling Skills
• Strong actuarial modeling skills, including building, debugging, and maintaining projection and valuation models.
• Implementing assumption changes, new products, and new methodologies.
• Performing and interpreting sensitivities, scenario testing, and reconciliations.
• Life and annuity offerings (such as term, whole life, universal life, fixed and variable annuities, indexed products, pension/retirement products).
• Capital and solvency concepts (e.g., RBC, economic capital, stress testing) and/or Bermuda BSCR is a plus.
• PathWise® or other modern/high-performance actuarial platforms.
• Programming or scripting languages (e.g., Python, R, C#, SQL, VBA or similar) is an asset.

Education and Credentials

• Bachelor’s degree in actuarial science, mathematics, statistics, finance, or a related quantitative field required.
• Significant progress towards a recognized actuarial designation (e.g., ASA/FSA, ACIA/FCIA, FIA, etc.) strongly preferred.
• Commitment to ongoing professional development and, where applicable, completion of actuarial exams.

Strengths & Interpersonal Skills

• Strong analytical and problem-solving skills, with attention to detail and a focus on producing high-quality, well-documented work.
• Handle technical tasks autonomously while keeping senior team members updated.
• Successfully run multiple projects in a fast-paced, consulting-style environment.
• Collaborate effectively in virtual, cross-border teams.
• Able to explain complex modeling concepts in understandable terms to both technical and non-technical audiences.
• Comfortable contributing to client presentations, memos, and reports.

For positions in San Francisco and Los Angeles, we will consider for employment qualified applicants with arrest and conviction record in accordance with local Fair Chance ordinances.

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.

Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

Pay Transparency Laws:

The salary range for this position (intended for U.S. applicants) is $150,000 to $250,000 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 summary of all the benefits offered for this position:

Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: 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.  Eligibility for benefits is governed by the applicable plan documents and policies.

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