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AON
New York, New York, United States
(on-site)
Posted
1 day ago
AON
New York, New York, United States
(on-site)
Job Type
Full-Time
Job Function
Reinsurance
Cyber Facility Program Manager
The insights provided are generated by AI and may contain inaccuracies. Please independently verify any critical information before relying on it.
Cyber Facility Program Manager
The insights provided are generated by AI and may contain inaccuracies. Please independently verify any critical information before relying on it.
Description
Aon Reinsurance Solutions is a leading Cyber Reinsurance Intermediary dedicated to delivering innovative risk transfer solutions for cyber exposures. We operate at the intersection of reinsurance, risk management, and data-driven decision making to support our clients and partners.Role Overview
We are seeking a cyber underwriting professional to serve as the lead administrator for a Cyber (re)insurance facility. The successful candidate will function as a senior manager, administrator, and underwriter for this facility, ensuring that each submission aligns with the facility's risk appetite, while supporting facility governance, oversight, stewardship, and reporting obligations.
Key Responsibilities
- Conduct careful underwriting diligence on cyber submissions submitted to the Facility.
- Assess deal fit against the facility's defined risk appetite, guidelines, and governance criteria.
- Review and validate proposed terms, limits, retentions, pricing signals, and structure to ensure consistency with the program's objectives.
- Collaborate with internal and external team members to gather pertinent information and clarify key information.
- Maintain and reference a formal decision framework (e.g., risk appetite matrix, approval thresholds, and policy manuals) for deal evaluations.
- Raise complex or borderline cases to senior leadership with well-supported recommendations.
- Ensure completeness and quality of submissions, including risk assessments, incident history, controls, and remediation plans.
- Steward the integrity and accuracy of program data, ensuring consistent and reliable encoding into internal systems.
- Ensure the delivery of timely, high-quality reporting to external facility partners.
- Monitor portfolio concentration, exposure limits, and aggregation across the Facility; propose adjustments as needed.
- Facilitate governance review processes, including documentation of approvals, exceptions, and rationale.
- Provide guidance on how proposed arrangements align with regulatory and contractual requirements.
- Support continuous improvement initiatives for the program, including updates to policy language, templates, and risk assessment methodologies.
- Maintain up-to-date understanding of cyber risk trends, threat landscapes, and technological developments relevant to the Facility.
- Bachelor's degree.
- Advanced degree or professional designations (e.g., CPCU, ARe, ARM, CFA) are a plus.
- 7+ years of underwriting experience, with at least five years of dedicated cyber underwriting experience insurance and of direct experience with program administration and portfolio governance is also highly valued.
- Demonstrated ability to interpret complex risk information, perform data-driven analyses, and assess cyber insurance policy language.
- Strong understanding of the cyber peril, current cyber threat landscapes, and key underwriting controls.
- Proven track record of making sound, governance-focused decisions with an emphasis on prudent risk-taking.
- Excellent collaboration and communication skills, with the ability to influence stakeholders at multiple levels.
- Detail-oriented with strong organizational and documentation capabilities.
- Proficiency with Microsoft Excel, Word, PowerPoint, etc.
- Location: Hybrid (NYC / Boston office)
- Travel: Occasional travel may be required for key client meetings or governance sessions.
- Collaboration: Regular interaction with brokers, actuarial, claims staff, legal/compliance teams, and external facility stakeholders.
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 are committed to providing equal employment opportunities and fostering an inclusive workplace. If you require accommodations during the application or interview process, please let us know. You can request accommodations by emailing us at ReasonableAccommodations@Aon.com (mailto:ReasonableAccommodations@Aon.com) or your recruiter. We will work with you to meet your needs and ensure a fair and equitable experience.
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.
Pay transparency laws:
The salary range for this position (intended for U.S. applicants) is $140,000 to $180,000 USD 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.
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.
Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.
#li-kd1 2568227
Requisition #: 93935
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Job ID: 81135579

AON
Insurance
Chicago
,
Illinois
,
Aon Corporation
Headquartered in Chicago, Aon Corporation is the leading provider of risk management services, insurance and reinsurance brokerage and human capital and management consulting. Our key advantage is our broad view of the insurance industry. With an employee base of 36,000 people working in 500 offices in more than 120 countries, we can anticipate how changes in one sector impact another.
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