Early Careers: Actuarial Specialist

About the role

Aon is offering early career opportunities in actuarial consulting across the United States in a hybrid work environment. The Early Careers Development program, called 'Launch,' is designed to accelerate the growth of talented individuals into future leaders.

Responsibilities

• 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.
• Pension benefit calculations for participants.
• Union negotiation support and analysis.
• 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.
• Valuation of retiree medical and disability plans.
• 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 contribute to improvement of operational procedures.
• Developing proficiencies in completing standard analyses, while also taking part in more sophisticated strategies, becoming familiar with Aon’s tools and approaches.
• Working with colleagues (brokers, analysts and others) to identify and respond to client needs and develop additional opportunities related to products and services.
• Analyzing the costs and benefits of risk transferred under reinsurance agreements via pricing analysis and dynamic risk modeling.
• Preparing client-ready presentations to communicate analysis results to brokers and clients.
• Taking the initiative on internal projects to improve processes, products or services.

Qualifications

• Graduate between Spring 2025 to Spring 2026.
• Average GPA of 3.0 or above.
• A concentration in actuarial science, statistics or a related field.
• Preference given to those who have passed at least one actuarial exam.

Skills

• Collaborative.
• Insightful analyzers.
• Problem solvers.
• Excellent teammates.
• Effective communicators.
• Relationship builders.
• Proven research skills.
• Knowledge of Microsoft Office products.
• Financial savvy.

Benefits

Aon offers a comprehensive benefits package including:

• 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.
• Variety of 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.
• Tuition assistance.
• Commuter benefits.
• An employee assistance program that includes free counseling sessions.

Pay

The salary range for this position (intended for U.S. applicants) is $68,000 - $90,000 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.

Schedule

Aon offers a flexible schedule in a hybrid work environment, allowing work from the office and remotely.