Urgent! Senior Consultant, STG – Modelling Job Opening In Singapore, Singapore – Now Hiring AON
Senior Consultant, STG – Modelling
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
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 Life Solutions within Aon Reinsurance Strategy and Technology Group, in Singapore.
As a senior consultant, you will report directly to the Director, Global Life Risk Modelling Consulting.
Development Services
+ Create insurance liability models, focusing on reserve and capital calculations for Hongkong and Singapore companies based on local Risk-Based Capital Regulation and IFRS17.
+ Create and maintain financial asset and ALM models for use in balance sheet projections of financial services companies.
+ Develop and maintain Economic Scenario Generators used in the valuation of financial assets and insurance liabilities.
+ Further the development of robust processes for strategic asset allocation, scenario generator calibration, insurance company financial reporting, etc.
+ Participate in the expansion of PathWise functionality as the need arises or as requested by clients
Onboarding Services
+ Support the development of models and processes for companies moving into PathWise
+ Provide hands-on training for PathWise users
+ Develop standalone training reference materials for PathWise users
+ Identify shortfalls in company processes and propose improvements
+ Troubleshoot issues as they arise during PathWise migrations, focusing on providing a strong initial user experience
+ Help maintain and strengthen client relationships through participation in client consultations
+ Be a primary contact for select clients
Business Development Support
+ Participate in demonstrations to potential clients
+ Develop models specific to client requirements
+ Participate in industry, academic and internal research projects
+ Develop and deliver presentations on emerging issues pertaining to the insurance industry and the financial services industry
+ Attend industry and client conferences
Skills and experience that will lead to success
+ 1-5 years of experience in the life insurance industry in a valuation/pricing/hedging role working with financial guarantees embedded in life insurance products
+ Knowledge of Singapore and Hongkong reserves and capital requirements for the life insurance industry, covering products such as Indexed and Variable Annuities, ULSG, Participate and traditional life insurance products
+ Understanding of financial assets including derivatives
+ Familiarity with Monte Carlo simulations
+ Knowledge of object-oriented programming concepts (Python programming experience preferred)
+ Member of Institute and Faculty of Actuaries or Society of Actuaries preferred
+ Strong communication skills for heavy team and client interactions
How this opportunity is different
Aon Life Solutions provides high efficiency computing software, consulting services as well as advisory services to financial intermediaries, primarily insurance companies.
The high-performance software platform, PathWise, provides companies with the ability to easily model financial obligations without involved coding and is run on Graphical Processing Units (GPU), making it the fastest, readily available software platform currently in use in the insurance industry.
Global Life Risk Modelling consulting services has focused primarily on actuarial analysis, modelling of insurance liabilities and financial assets and reviews of hedging programs.
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 recognise 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
2565769
Senior Consultant, STG – Modelling
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
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 Life Solutions within Aon Reinsurance Strategy and Technology Group, in Singapore.
As a senior consultant, you will report directly to the Director, Global Life Risk Modelling Consulting.
Development Services
+ Create insurance liability models, focusing on reserve and capital calculations for Hongkong and Singapore companies based on local Risk-Based Capital Regulation and IFRS17.
+ Create and maintain financial asset and ALM models for use in balance sheet projections of financial services companies.
+ Develop and maintain Economic Scenario Generators used in the valuation of financial assets and insurance liabilities.
+ Further the development of robust processes for strategic asset allocation, scenario generator calibration, insurance company financial reporting, etc.
+ Participate in the expansion of PathWise functionality as the need arises or as requested by clients
Onboarding Services
+ Support the development of models and processes for companies moving into PathWise
+ Provide hands-on training for PathWise users
+ Develop standalone training reference materials for PathWise users
+ Identify shortfalls in company processes and propose improvements
+ Troubleshoot issues as they arise during PathWise migrations, focusing on providing a strong initial user experience
+ Help maintain and strengthen client relationships through participation in client consultations
+ Be a primary contact for select clients
Business Development Support
+ Participate in demonstrations to potential clients
+ Develop models specific to client requirements
+ Participate in industry, academic and internal research projects
+ Develop and deliver presentations on emerging issues pertaining to the insurance industry and the financial services industry
+ Attend industry and client conferences
Skills and experience that will lead to success
+ 1-5 years of experience in the life insurance industry in a valuation/pricing/hedging role working with financial guarantees embedded in life insurance products
+ Knowledge of Singapore and Hongkong reserves and capital requirements for the life insurance industry, covering products such as Indexed and Variable Annuities, ULSG, Participate and traditional life insurance products
+ Understanding of financial assets including derivatives
+ Familiarity with Monte Carlo simulations
+ Knowledge of object-oriented programming concepts (Python programming experience preferred)
+ Member of Institute and Faculty of Actuaries or Society of Actuaries preferred
+ Strong communication skills for heavy team and client interactions
How this opportunity is different
Aon Life Solutions provides high efficiency computing software, consulting services as well as advisory services to financial intermediaries, primarily insurance companies.
The high-performance software platform, PathWise, provides companies with the ability to easily model financial obligations without involved coding and is run on Graphical Processing Units (GPU), making it the fastest, readily available software platform currently in use in the insurance industry.
Global Life Risk Modelling consulting services has focused primarily on actuarial analysis, modelling of insurance liabilities and financial assets and reviews of hedging programs.
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 recognise 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
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Unlock Your Senior Consultant Potential: Insight & Career Growth Guide
Real-time Senior Consultant Jobs Trends in Singapore, Singapore (Graphical Representation)
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Great news! AON is currently hiring and seeking a Senior Consultant, STG – Modelling to join their team. Feel free to download the job details.
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An organization's rules and standards set how people should be treated in the office and how different situations should be handled. The work culture at AON adheres to the cultural norms as outlined by Expertini.
The fundamental ethical values are:The average salary range for a Senior Consultant, STG – Modelling Jobs Singapore varies, but the pay scale is rated "Standard" in Singapore. Salary levels may vary depending on your industry, experience, and skills. It's essential to research and negotiate effectively. We advise reading the full job specification before proceeding with the application to understand the salary package.
Key qualifications for Senior Consultant, STG – Modelling typically include Other General and a list of qualifications and expertise as mentioned in the job specification. Be sure to check the specific job listing for detailed requirements and qualifications.
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Before the Interview:To prepare for your Senior Consultant, STG – Modelling interview at AON, research the company, understand the job requirements, and practice common interview questions.
Highlight your leadership skills, achievements, and strategic thinking abilities. Be prepared to discuss your experience with HR, including your approach to meeting targets as a team player. Additionally, review the AON's products or services and be prepared to discuss how you can contribute to their success.
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