Early Careers: Actuarial Specialist

Job Title:

Early Careers:
Actuarial Specialist

Are you intellectually curious with a passion for solving problems? Do you enjoy a flexible and collaborative, team-based environment where you are always learning and growing? If yes, Aon is the place for you!

Opportunities are available across the United States in a hybrid environment, allowing work from the office and remotely.

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.

We offer four exciting paths from which to choose, each with an outstanding opportunity as you begin your career

Pension and retirement plans have evolving financial implications for employers. Actuaries within retirement consulting work directly with our clients’ management teams to assess the costs associated with these commitments. You will have access to a variety of areas in your first few months with Aon, including annual pension valuations, in which actuaries collect census data from clients and perform analysis and reporting to help our clients assess the ongoing financial health of their pension plans.

Responsibilities include:

• Crafting projections (both stochastic and deterministic) of long-term financial information for pension and other post-retirement benefit plans.
• Coordination of asset-liability analysis and other studies with investment consultants.
• Merger and acquisition “due diligence” and related activities.
• Design and costing of new retirement programs.
• Programming innovative pension administration systems.
• Pension benefit calculations for participants.
• Union negotiation support and analysis.
• Quantitative comparison of comprehensive employee benefit programs for groups of employers.

Employer-sponsored health and welfare benefit programs form the foundation of the U.S. health care system. These programs have evolved over time as employers have attempted to handle the changing needs of employees, rising program costs and the impact of new legislation while supporting their human resource and business strategies.

H&B actuaries support consultants and engage with clients directly to develop comprehensive benefit strategies. This process involves strategic assessments of the health care market and key trends and the identification of fresh and unique solutions to employer problems.

Among the various areas of exposure are:

• Evaluation of plan design and costs relative to benchmarks and rate-setting for self-insured plans, including the analysis of medical and prescription drug network changes.
• Employee contribution rate development and scenario analysis, analysis of plan renewals for appropriateness and carrier bid financial evaluations.
• Valuation of retiree medical and disability plans.

Aon Global Risk Consulting (AGRC) Actuarial & Analytics Practice is the third largest North American property and casualty consulting firm, providing actuarial services to clients for more than 20 years and comprised of highly skilled and expert professionals in the risk quantification and analysis field.

Launch colleagues assess exposure to P&C risk by loss forecasting for budgeting and risk management strategy evaluation, calculating actuarial reserves for financial statement support, providing actuarial opinions for regulatory support, and evaluating total cost of risk for effective solutions.

Additional projects may include:

• Supporting analytical work including data management, loss forecasting, accruals, self-insurance analysis and cash flow analysis.
• Collecting, organizing and analyzing data, in support of existing brokerage business and proposal development.
• Preparing and maintaining effective documentation of client correspondence and learn to process specific client assignments, alerting the service team to deficiencies in data, results or processes, contributing to improvement of…