Early Careers: Actuarial Intern

About the role

Aon invites intellectually curious rising college seniors with a passion for problem-solving to join our 2027 Summer Internship Program in our Actuarial business area. Immerse yourself in a unique and exciting environment as you sample a career that offers global reach and makes a tangible impact on our clients!

Opportunities

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

What The Day Will Look Like

• We offer four exciting paths from which to choose, each with an outstanding opportunity as you begin to establish your career.
• Retirement Consulting (SOA Exam Track): 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 during your internship, including the ever-important 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.
• Health And Benefits (H&B) Consulting (SOA Exam Track): Our interns collaborate directly with clients to develop welfare benefit strategies. This process involves strategic assessments of the health care market, key trends and the identification of new and innovative solutions to employer problems. The technical and analytical skills H&B actuaries bring to this process are essential to our H&B consulting business.
• Risk Consulting (CAS Exam Track): Interns 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.
• Reinsurance Actuarial Consulting (CAS Exam Track): Interns support clients across virtually any client project or internal research assignment. They develop proficiencies in completing standard analyses, while also taking part in more sophisticated strategies, becoming familiar with Aon’s tools and approaches.

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.
• Perform data management, loss forecasting, accruals, self-insurance analysis and cash flow analysis.
• Inventory and handle data related to analysis of reinsurance transactions and analyze the costs and benefits of risk transferred under reinsurance agreements via pricing analysis and dynamic risk modeling.
• Prepare and maintain 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 operational procedures.

Qualifications

• Rising seniors graduating between December 2027 – June 2028 with a minimum cumulative GPA of 3.0.
• Pursuing a degree in Actuarial Science, Statistics, Mathematics, or related.

Skills And Experience That Will Lead To Success

• Desire to work on a team with the capability for independent work.
• Driven by results and accomplishing tasks.
• Strong critical thinking, problem-solving and analytical tendencies with Alignment with values of integrity, client commitment and community dedication.
• Adaptability, quick learning ability and professional demeanor.
• Proficiency in Microsoft Office Suite, including Excel.
• Involvement in extracurricular activities.

Benefits

The actual salary will vary based on applicant’s education, experience, skills, and abilities, as well as internal equity and alignment with market data.

Aon offers a benefits package for temporary and seasonal employees who will work 20 or more hours per week including: medical, dental, and vision insurance at the employee’s expense, critical illness insurance, 10 company holidays per calendar year (paid, if eligible), paid sick leave as provided under state and local law, and a 401(k) savings plan with employer contributions.