Aon Hewitt - Group Manager - Actuarial

Job Title Group Manager - Actuarial

Job Code Track Management

Business Unit H&B

Reports to ARL 4

Education - Graduate numerate degree preferred such as Mathematics/Statistics/Economics or Post-Graduate in Actuarial Science with 10+ years of experience

- Steady Exam progress on Actuarial qualification with proved track record of applying Actuarial Techniques and make steady progress on Actuarial Exams

Work Experience - Minimum 10 years of experience in managing and leading Actuarial functions in the Insurance industry, experience in Health Insurance will be preferred

- Should have cleared 5 Actuarial Exams

Shift Timings Day shift (8 AM- 9 PM, 9 Hrs. Shift) Scope

About AON We are a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

Scope

Business Overview

Work Description/Role Summary: (Brief 4-5 line description of the role )

Role overview: (Detailed role description 10-12 lines)

- Aon Health & Benefits offer market-leading consulting, broking and delivery services to clients and their employees across organizations of all sizes, geographies and industries. These offerings include: end-to-end solutions to benefits management, alignment of your benefit plans with corporate strategy and policies, considerable purchasing leverage, systematic and structured approach

- Manage Actuarial functions across US and Canada market with span of 50+ colleagues, responsible for managing Actuarial Pricing and Reserving processes, quality & effectiveness of end-to-end deliverables for both internal & external stakeholders.

- Managing Reserving & Pricing teams and their SLAs on ongoing basis

- Project Management - Manage projects end to end with focus on Quality of Delivery and Process Efficiency. Track and control project timelines, resource allocation, identify and mitigate risks, and accountable for communication management

- Understands technical topics beyond just knowing what they are and able to make reasonable interpretations of how they apply to various valuations.

- May have developed unique expertise in a particular area (for example, extensive experience high complex valuations on big client) and therefore can become the "go to" person as a "doer" in that area.

- Good leave management by keeping business requirement in mind so that impact would be minimal on client work. And also guide junior colleagues in their leaves planning.

- Motivating managers, focus on team engagement and Leading by example.

- Offshore lead for one of the biggest client valuations

- Prioritizes projects and team concerns with limited assistance

- Initiates most valuations without prompting; begins to understand scope, timeline, and deliverables

- Makes sure all colleagues are utilized as per their skill set and experience

- Active participation in the weekly manager meetings and effectively communicates concerns with the management

- Builds knowledge of valuations and interprets results

- Solid relationships developing with more day- to-day communication

- Strong working knowledge of client's valuation

- Act as an escalation point for all the team members' client deliverables

- Able to test for errors and reasonability

- Learns to check work performed by others

- Takes the responsibility of team's performance metrics, retention and engagement

Skills & Knowledge Requirements:

- Proficient with Actuarial analysis - Reserving & Pricing

- Project Management of multiple projects

- Ensure Capacity and Workload management

- Effective People Management

- Effective Stakeholder Management

- Understanding of consulting solution

- Risk and Escalation Management

- Understanding and Reporting of Operational Metrics

- Advanced MS Excel

- Proficiency on MS word and Power Point

- Ability to Apply technology tools to situations & provide unique solutions

- Contribute to improving technology and its application

- Working with People as project teams: Should be able to maintain colleague data. Working with teams, staffing, resource allocation, Demonstrate cultural awareness, participate in the development plans for the colleagues. Keep team updated on client and project. Should be able to provide feedback for project teams for their performance to their reporting manager.

- Is able to evaluate and execute Process re-engineering

- Displays a high degree of business acumen

- Skills : Excellent communication and listening skills , Planning, Analytical and critical thinking capabilities ,Problem Solving , Decision Making

- Flexibility/Adaptability

In depth knowledge of project management practices

- Skills : Excellent communication and listening skills , Planning, Analytical and critical thinking capabilities ,Problem Solving , Decision Making

- Flexibility/Adaptability

In depth knowledge of project management practices

- Proficient with Data Analysis

- Project Management of multiple projects

- Ensure Capacity and Workload management

- Effective People Management

- Effective Stakeholder Management

- Understanding of consulting solution

- Risk and Escalation Management

- Understanding and Reporting of Operational Metrics

- Advanced MS Excel

- Proficiency on MS word and Power Point

Works with: large project teams and extensive interaction with internal and/or external