Senior Investment Actuary - Operations

Aon is looking for a Senior Investment Actuary (Hybrid - Atlanta GA or Chicago IL)

Job Description Summary:

Aon is looking for a Senior Investment Actuary within Aon's Delegated Investment Operations Team.

The investment actuary plays a crucial role in ensuring the financial monitoring of Aon OCIO's pension plans for both US and Canada. Key responsibilities include US and Canadian pension liability estimation, asset and liability monitoring, and investment strategy implementation support for Aon's OCIO clients.

Aon Investments is an investment management firm. This opportunity is a pension actuarial role requiring pension actuarial experience to understand the liability calculations and communicate the valuation results to both actuarial and investment consultants. This position will provide the exposures to the investment strategy, asset reconciliation and hedging analytics on Aon's trading and reporting systems. A credentialed actuary with a passion about the investment, operations and database management will be ideal.

Key Responsibilities:

Actuarial Valuations:

• Conduct annual valuations of pension plans in Aon's Retirement Risk Analyzer to assess their funded status and ensure compliance with regulations

• Analyze and validate the liability gain or loss for ad-hoc activities like the following:

• Assumption changes
• Plan changes
• Mergers and spinoffs
• Annuity purchase/retiree lift out
• Lump sum window
• Plan termination
• Sign off the pension liability updates for Aon's Delegated Investment Operations Team

Asset-Liability Monitoring:

• Monitor the OCIO pension plan's asset investments and liabilities to ensure alignments with the plan's goals and risk tolerance
• Verify the funding and hedging status changes and the investment target adjustments

Investment Strategy Implementation:

• Implement the investment policies and asset allocation targets into the OCIO monitoring platform to assist the Portfolio Managers (PM) in optimizing returns while managing risks within the pension fund

Cross-Team Collaboration:

• Lead the communication between investment and actuarial consultants on liability valuation and monitoring for OCIO plans
• Manage the Risk Analyzer onboarding and reporting with the US and Canadian investment operations teams
• Work with Portfolio Manager (PM) team on trading activities and hedging analytics when necessary
• Be a subject matter expert for Client Team on liability attribution and general plan status questions in different reporting platforms
• Work with the lead actuary and technology teams to develop new features and models in different systems

Project Management:

• Manage the annual liability valuation updates in Risk Analyzer for OCIO plans
• Coordinate with the analyst team and the actuarial team on project timing and deliverables
• Proactively manage the pension settlement activities and their monitoring adjustments in Risk Analyzer

Operations:

• Continue to optimize the work process and follow the best practice
• Continue to push through process automation via various ways and tools
• Assist with training of junior team members

Communication:

• Clearly communicate findings, recommendations, and complex actuarial concepts to actuarial and non-actuarial teams

Idea Experience:

• 5+ years of pension actuarial experience
• ASA or EA is required
• Deep understanding of actuarial principles and pension plan regulations
• Excellent mathematical skills to perform complex calculations and modeling
• Canadian or international pension experience a plus
• Proficient in Microsoft Excel/VBA/macro
• Eagle Pace, Bloomberg, Power BI, database experience a plus
• Intellectual curiosity, ideas, and passion for continued process improvement to drive profit and growth potential

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 ReasonableAccommodations@Aon.com

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 $106,000 to $149,000 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.

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.

#LI-BN1

#LI-HYBRID