Investment Consulting Asset/Liability Management Specialist

Aon is looking for an Investment Consulting Asset/Liability Management Specialist

Entry-level role within Aon’s Investment Analytics & Strategy (IAS) team. The Asset/Liability Management (ALM) group within the IAS Team provides advisory investment consulting services, primarily in the areas of asset/liability modeling and asset allocation, for institutional investors with specific liability or cash flow requirements.

Detailed Responsibilities:

• Uses technical, analytical, and communication skills to support ALM consultants and broader teams in all aspects of asset/liability modeling and investment‑related analysis
• Takes accountability and ownership of assigned modeling studies, from data preparation through model runs, validation, and documentation
• Supports ALM work for multiple pension and retiree-medical plans, balancing recurring studies with ad hoc analytical requests
• Prepares, validates, and reconciles asset and liability data inputs for ALM models, ensuring consistency with actuarial valuations and investment records
• Sets up and runs ALM models to evaluate alternative investment and risk‑management strategies
• Analyzes model results to assess the impact of different investment strategies on funded status, contribution requirements, and key risk metrics over time
• Performs reconciliations and reasonableness checks on ALM results
• Summarizes ALM findings in charts and exhibits, and prepares concise written interpretations of results for internal and client‑facing materials
• Participates in internal meetings with senior ALM and client‑team members to review results

Technical Skills and Knowledge:

• Excellent technical and analytical skills
• High level of accuracy and attention to detail
• Basic knowledge of capital markets and investments and/or a keen interest in developing this knowledge
• Proficiency with specific software packages (e.g., Microsoft Office; Excel skills strongly preferred)
• Demonstrates clear written and verbal communication skills
• Actuarial knowledge is beneficial, but not required

Education:

• Bachelor’s degree in relevant areas (e.g., business, finance, economics, actuarial, math, statistics)

How we support our colleagues

In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile 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 for our colleagues as well. 

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 and inclusive 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. People with criminal histories are encouraged to apply.

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 [email protected] 

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.

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.

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 $68,000 to $78,000 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.  The actual salary may vary for applicants in a different 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. 

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.

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