Jobs · Consulting · Illinois

Actuarial Associate Director

Aon · Chicago, IL · Today
HybridConsulting$150k–$180k/yrFull-time

Key Responsibilities

  • Lead the preparation, analysis, and presentation of quarterly loss and LAE reserve levels using standard actuarial reserving methodologies.
  • 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.

Skills And Experience That Will Lead To Success

  • 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.

Pay

The salary range for this position (intended for U.S. applicants) is $150,000-$180,000 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.

Benefits

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.

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