Reinsurance Actuary - Credit Data - Associate Director
Chicago, IL 
Posted 1 day ago
Job Description
Associate Director - Credit and Specialty Reinsurance Analytics

Are you looking for an opportunity to put your technical skills to use working on challenging real world business problems? Are you looking for a dynamic and collaborative work environment that offers excellent learning opportunities and career growth potentials? Aon is seeking an ambitious quantitative professional with excellent communication and project management skills to focus on credit and specialty reinsurance analytics. As part of an industry-leading team, you will help empower results for our clients by delivering innovative and effective solutions as part of our Aon Reinsurance Solutions' global credit group.

This role is based in 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, diverse 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, re/insurance or consulting. The individual will work in Aon reinsurance's credit and specialty analytics team to deliver value added reinsurance solutions to our clients. Your work will support both established and emerging solution lines, including credit and political risk (CPR) and bank credit risk transfer (CRT) re/insurance deal placements, as well as other traditional casualty client projects, working in a collaborative environment with other Aon colleagues. You will also perform market research and industry studies.

Associate Directors are expected to be proficient in standard analyses, while also providing thought leadership and creating 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.

How this opportunity is different

Aon is the #1 broker in the 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 credit and specialty analytics. We have career development paths and promote from within first.

Skills and experience that will lead to success
  • Strong proficiency in R, Python (or similar programming language), and MS Office suite, particularly Excel/VBA and PowerPoint
  • Credit and political risk modeling or other specialty analytics experience preferred, but we are also open to candidates with strong analytics background from other finance fields or consulting experience
  • Strong ability to understand and perform mathematical and statistical calculations
  • Ability to identify and resolve problems, think creatively, strategically, and analytically
  • Ability to work independently and in team environment. Excellent interpersonal and communication skills (oral and written)
  • 5+ Actuarial Exams passed, or an advanced degree in a related field, or CFA, or 3+ years of related working experience
  • Financial modeling, credit default analytics experience in a consulting, reinsurance or pricing environment preferred
  • Dynamic cashflow analysis, return attribution, Economic Capital modeling or financial valuation experience are a plus

Education: Minimum requirement is Bachelor's degree in Actuarial Science, Economics, Finance, Math, Computer Science, or other related degrees.

How we support our colleagues

In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive 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, but we also recognize that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!

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, diverse 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.

We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email

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 is $118,000 to $158,000 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 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.

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.



Aon provides equal employment opportunities (EEO) 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, or domestic partner status. Aon is committed to a diverse workforce and is an affirmative action employer.


Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full or Part Time
Required Education
Bachelor's Degree
Required Experience
3+ years
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