[Skip to main content](#main-content) [OpenNash Jobs](https://jobs.opennash.com/) [Hiring report](/reports/hiring/) · [All Aon jobs](https://jobs.opennash.com/companies/aon/) · [Search jobs](/search/) Aon · Chicago, Illinois +2 more # Capital Modeling Associate Actuarial Director Chicago, Illinois +2 more Full-time Director $140,000-$170,000 annually Executive & Management Listed on Aon’s official careers site. Posted September 16, 2026. Check that it is still open and apply there. [Apply on Aon’s careers site →](https://us-careers-aon.icims.com/jobs/99870/login) [OpenNash Jobs](https://jobs.opennash.com/) / [Aon](https://jobs.opennash.com/companies/aon/) / Capital Modeling Associate Actuarial Director ## Job description ### Capital Modeling Associate Actuarial Director Location Chicago IL, New York, New York, Bloomington MN. Other Locations will be considered for the right candidate. 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 team, and we are passionate about helping our colleagues and clients succeed. The Strategy and Technology Group (STG) is Aon’s global consulting and technology business serving insurers, reinsurers, MGAs, program administrators, and other participants across the insurance value chain. STG pairs Aon’s proprietary data, analytics, and global network of insurance experts with a consulting model built on senior-level expertise and distinctive insight. What the Day Will Look Like Lead Risk & Capital Modeling Engagements Design, build, enhance, validate, and interpret stochastic risk and capital models for P&C insurers, reinsurers, and other insurance clients. Apply hands-on expertise in capital modeling platforms (ReMetrica experience preferred but not required) to deliver client solutions from day one. Lead risk, volatility, and asset parameterization, including calibration, dependency structures, scenario design, validation, and documentation. Develop multi-year financial and cash flow projections integrating underwriting, reserving, reinsurance, investments, taxation, liquidity, and management actions. Perform economic capital, rating agency, stress testing, capital allocation, and capital adequacy analyses. Support enterprise risk management initiatives, including risk appetite frameworks, tolerances, limits, targets, and management reporting. Translate complex modeling results into actionable recommendations on capital strategy, reinsurance, growth, business mix, liquidity, and risk management. Maintain strong model governance through rigorous controls, documentation, peer review, and quality assurance. Manage Client Engagements Lead small to mid-sized consulting engagements, managing scope, timelines, budgets, staffing, quality, and client communication. Serve as a trusted advisor to actuarial, risk, finance, underwriting, treasury, investment, and executive stakeholders. Contribute as a workstream lead on large, multidisciplinary projects across actuarial, strategy, reinsurance, finance, and analytics teams. Structure complex business problems, develop analytical approaches, and deliver defensible, decision-ready solutions. Communicate technical findings clearly, highlighting implications, trade-offs, limitations, and recommendations. Support Strategic & Transactional Advisory Work Contribute to complex assignments including mergers and acquisitions, capital raises, sidecars, loss portfolio transfers, reinsurance strategies, and legal entity restructuring. Assess the impact of transaction structures, financing, investments, reinsurance, and management actions on risk, earnings volatility, liquidity, and capital. Partner with senior colleagues to integrate actuarial, financial, strategic, and transaction advisory solutions. Contribute to Business Growth Help clients define problems, clarify objectives, and develop solutions that address strategic business needs. Support proposals, RFP responses, client presentations, thought leadership, benchmarking studies, and industry events. Collaborate across Aon to develop integrated solutions spanning capital modeling, enterprise risk management, reserving, pricing, reinsurance, and transaction advisory. Identify growth opportunities within client relationships and contribute to the continued expansion of the practice. ### Qualifications Required Approximately 5-9 years of P&C actuarial, risk, capital modeling, or insurance consulting experience. ACAS, FCAS, equivalent credential, or meaningful progress toward designation. Proven experience managing client relationships, consulting engagements, and project delivery. Strong hands-on experience in risk and capital modeling, including stochastic modeling, parameterization, cash flow projections, economic capital, rating agency analysis, and enterprise risk management. Ability to translate quantitative analysis into recommendations for technical and executive audiences. Strong model governance, documentation, and quality-control practices. Advanced Excel and PowerPoint skills; experience with R, Python, SQL, or similar analytical tools is a plus. Preferred Experience supporting M&A, reinsurance structures, capital raises, sidecars, loss portfolio transfers, or other strategic transactions. Experience with ReMetrica. ERM frameworks, ORSA, regulatory capital assessments, or rating agency capital models. Broad understanding of P&C insurance and reinsurance, including reserving, pricing, catastrophe, investment, credit, and liquidity risk. Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate. For positions in San Francisco and Los Angeles, we will consider for employment qualified applicants with arrest and conviction record in accordance with local Fair Chance ordinances. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. ### Pay Transparency Laws The salary range for this position (intended for U.S. applicants) is $140,000-$170,000 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 [an 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. A summary of all the benefits offered for this position: 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-KT1 #LI-HYBRID 2576604 ## At a glance - Posted by the employer: Sep 16, 2026 - First seen by OpenNash: Oct 11, 2026 - Last checked: Oct 18, 2026 - Listed for: 32 days - Location: Chicago, Illinois +2 more - Employment type: Full-time - Pay: $140,000-$170,000 annually[Apply on Aon’s careers site →](https://us-careers-aon.icims.com/jobs/99870/login) ## More jobs at Aon ### [Actuarial Pricing Associate Director](https://jobs.opennash.com/companies/aon/jobs/ced57f2095f95ec0d8d3/) Chicago, Illinois +2 more ### [Managing Director- Actuarial Solutions Lead](https://jobs.opennash.com/companies/aon/jobs/90082b38883c0ee231c0/) Chicago, Illinois +2 more ### [Reinsurance Actuarial Managing Director](https://jobs.opennash.com/companies/aon/jobs/46919cdb6e6c43e241a4/) Chicago, Illinois +2 more ### [North America CFO, Reinsurance Solutions](https://jobs.opennash.com/companies/aon/jobs/57266bd5aa3cd304b60d/) Chicago, Illinois +2 more ### [(Senior) Mandatsleiter:in LLSME (80–100%)](https://jobs.opennash.com/companies/aon/jobs/9910c8f64ff5756a9b39/) Zurich, Switzerland ## Similar jobs at other companies ### [Director, Capital Management](https://jobs.opennash.com/companies/aegon/jobs/6685f0ffb30966affd7c/) Aegon · Philadelphia, Pennsylvania ### [Director Capital Planning](https://jobs.opennash.com/companies/equity-residential/jobs/5a1ce476e7abd92e037b/) Equity Residential · San Francisco, CA ### [Director - Huntington Private Capital](https://jobs.opennash.com/companies/huntington-bank/jobs/e70b8cfae0b214a05e44/) Huntington Bank · Houston, TX Detroit, MI ### [Senior Director, Treasury Capital Markets and Strategic Modeling - Eden Prairie, MN preferred, Remote considered](https://jobs.opennash.com/companies/unitedhealth-group/jobs/616ab55418f87bfd8953/) UnitedHealth Group · Eden Prairie, Minnesota ### [Structured Working Capital Product Manager – Payments – Executive Director](https://jobs.opennash.com/companies/jpmorganchase/jobs/8a20e84dec6ac9b79a0e/) JPMorganChase · Jersey City, NJ, United States [Executive & Management jobs](/functions/executive-management/) OpenNash lists jobs from employers’ own careers sites and does not handle applications. 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