Reinsurance Actuarial Senior Analyst - Mortgage Analytics

Reinsurance Actuarial Senior Analyst - Mortgage Analytics

Aon is the #1 broker in the mortgage credit risk reinsurance market. This is a fast-paced client facing analytics role. If you are an ambitious person, this role provides an excellent opportunity to work and learn in a multidisciplinary team on the forefront of mortgage credit risk analytics. We have career development paths and promote from within first.

This is a hybrid role with the flexibility to work both virtually and from our Chicago office

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

What the day will look like

This role is for a hands-on individual with a strong analytics background, ideally in finance, insurance or consulting. The individual will work in Aon reinsurance's mortgage analytics team to deliver value added reinsurance solutions to our clients. Your work will support mortgage credit risk transfer (CRT) reinsurance deal placements and other client projects working closely with other Aon colleagues. You will also perform market research and industry studies.

As a Senior Actuarial Analyst, your primary role is to support clients as requested by supervisors or brokers, across virtually any client project or internal research assignment. Senior Analysts are expected to develop proficiencies in completing standard analyses, while also taking part in more advanced analyses as needed. You will become familiar with Aon's tools and approach, contribute to our client's development and present Aon's solutions and services to our clients. You will also assist in various research and development efforts and industry trend studies.

Job Responsibilities:

• Understand reinsurance contracts and products (terminology, terms and conditions)
• Inventory and manage client as well as industry data. Analyze, edit and model complex data and make appropriate decisions regarding analyses
• Analyze the costs and benefits of risk transferred under reinsurance agreements. Develop bespoke analyses, visualizations and dashboards to explain analytics to brokers and clients
• Prepare client-ready presentations to communicate analysis results to brokers and clients. Present results of analyses to brokers, clients and subscribers.
• Take ownership and responsibility for quality, accuracy and timely completion of analysis. Consistently produce high quality analyses in timeframes agreed to or provided. Manage analyses and projects for team with client from start to finish with limited guidance.

Skills and experience that will lead to success

• 3+ years of experience in an Actuarial role, preferrably in mortgage credit analytics or other financial service consulting experience.
• Progress towards passing Actuarial Exams (3+), or an advanced degree in a related field, or 3+ years of related working experience.
• Strong proficiency and prior experience in data analytics languages such as R, Python, SQL, or similar programming languages.
• Familiarity with MS Office suite, particularly PowerPoint and Excel.
• Strong analytics background from mortgage analytics, other financial fields, or consulting experience.
• Strong ability to understand and perform mathematical and statistical calculations.
• Desire to build a career in reinsurance, consulting, financial modeling, or credit default analytics is preferred.
• Model building, Economic Capital modeling, return attribution, reinsurance valuation, or mortgage analytics experience are a plus.

Education: Bachelor's degree in Economics, Finance, Math, Computer Science, Actuarial Science or other similarly quantitative or analytically oriented major or equivalent years of industry experience.

How we support our colleagues

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.

In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile 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. We offer a variety of working style solutions for our colleagues as well.

Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

Aon values an innovative and inclusive 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. People with criminal histories are encouraged to apply.

We are committed to providing equal employment opportunities and fostering an inclusive workplace. If you require accommodations during the application or interview process, please let us know. You can request accommodations by emailing us at ReasonableAccommodations@Aon.com or your recruiter. We will work with you to meet your needs and ensure a fair and equitable experience.

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.

The salary range for this position (intended for U.S. applicants) is $85,000 to $140,000 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.

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