P&C Reserving Actuarial Associate Director

Actuarial Associate Director – P&C Reserving – STG Consulting

This is a hybrid role with the flexibility to work both virtually and from our Chicago, Minneapolis, or New York City Offices.

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.

Aon’s Strategy and Technology Group (STG) is seeking an experienced actuary to join their consulting team and help to accelerate the development of their actuarial advisory business focused on clients in the insurance and reinsurance industries. STG is Aon’s new global consulting and technology business focused on, but not limited to, insurance and reinsurance companies and other participants in the insurance industry.

The primary role will be reserving with a secondary focus on pricing and/or capital modeling.

• Lead the preparation, analysis, and presentation of quarterly loss and LAE reserve levels using standard actuarial reserving methodologies, ensuring results are clearly communicated to clients and stakeholders.
• Conduct qualitative and quantitative analyses—including data exploration, forecasting, and modeling—to identify trends, deviations, and key drivers of reserve results, offering proactive insights and recommendations.
• Oversee the allocation of held bulk reserves to granular levels as directed by clients, and provide support to accounting teams for loss-based accruals.
• Perform quality assurance checks and peer reviews on the work of team members, ensuring technical accuracy, integrity, and adherence to internal and external standards.
• Review and evaluate existing procedures and operations, recommending and implementing improvements for greater efficiency and effectiveness both internally and for clients.

• Knowledgeable on pricing strategies using predictive analytics, actuarial techniques, and machine learning.
• Build and refine pricing models to improve risk segmentation, profitability, and competitive positioning.
• Ensure pricing approaches align with regulatory requirements and market dynamics.

• 7+ years of experience in Actuarial Reserving and Reserve Analysis for P&C insurance.
• ACAS or equivalent credential required.
• Experience with NAIC Statements of Actuarial Opinions is preferred.
• Experience in actuarial pricing methods, GLMs, machine learning, and regulatory frameworks is preferred.
• Proven leadership in client-facing roles, with a track record of delivering strategic pricing and modeling solutions.
• Proficiency in R, SQL, Python, or similar languages preferred.
• Bachelor’s or Master’s degree in Actuarial Science, Statistics, Data Science, Economics, a related field or equivalent years of industry experience.

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…