Aon is looking to solve business problems related to actuarial services, including retirement consulting, health and benefits consulting, and risk consulting, to protect and enrich the lives of people around the world.
Requirements
- Strong analytical and problem-solving skills
- Ability to work with large datasets and perform complex analysis
- Knowledge of actuarial concepts and techniques, including stochastic and deterministic modeling
- Familiarity with programming languages, such as Python or R
- Understanding of pension and retirement plans, including annual pension valuations
- Knowledge of health and welfare benefit programs, including plan design and costs
- Familiarity with risk consulting concepts, including property and casualty consulting
Responsibilities
- Crafting projections (both stochastic and deterministic) of long-term financial information for pension and other post-retirement benefit plans as well as coordination of asset-liability analysis and due-diligence of M&A activities.
- Design and costing of new retirement programs, programming of innovative pension admin systems, pension benefits calculations and union negotiation strategies as well as quantitative comparison of comprehensive employee benefit programs for groups of employers.
- 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 and the opportunity to conduct retiree medical and disability plan valuations.
- Collect census data from clients and perform analysis and reporting to help clients assess the ongoing financial health of their pension plans.
- Develop welfare benefit strategies through strategic assessments of the health care market, key trends and the identification of new and innovative solutions to employer problems.
- Conduct retiree medical and disability plan valuations.
Other
- Rising college seniors with a passion for problem-solving
- Ability to work in a hybrid environment, allowing work from the office and remotely
- Strong communication and collaboration skills
- Ability to work with clients and develop welfare benefit strategies
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field
