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.

Aon is in the business of better decisions. 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.

About the role

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

• Retirement Consulting (SOA Exam Track): 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.
• Health And Benefits Consulting (SOA Exam Track): 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.
• Risk Consulting (CAS Exam Track): 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.
• Reinsurance Actuarial Consulting (CAS Exam Track): This team provides risk transfer, claims advocacy and capital management solutions to help re/insurers reduce volatility and build more resilient businesses, governments and communities. Launch colleagues 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

• Retirement Consulting:
  • 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.
• Health And Benefits Consulting:
  • 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.
• Risk Consulting:
  • 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 learning to process specific client assignments, alerting the service team to deficiencies in data, results or processes, contributing to improvement of operational procedures.
• Reinsurance Actuarial Consulting:
  • Working with colleagues (brokers, analysts and others) to identify and respond to client needs and develop additional opportunities related to products and services.
  • Inventory and handling data related to analysis of reinsurance transactions and analyzing the costs and benefits of risk transferred under reinsurance agreements via pricing analysis and dynamic risk modeling.
  • Learning about reinsurance contracts and products (terminology, terms and conditions) and preparing client-ready presentations to communicate analysis results to brokers and clients.
  • Taking the initiative on internal projects to improve processes, products or services.

Development Program

These roles are part of our innovative Early Careers Development program, aptly named 'Launch.' We have thoughtfully crafted a 12-month program packed with in-person and virtual sessions, networking opportunities, self-study adventures, and even calls with global leaders. This program is designed to put colleagues on the fast-track to becoming future leaders.

Requirements

• Applicants should graduate between Spring 2026 to Spring 2027.
• GPA of 3.0 or above with a concentration in actuarial science, statistics or a related field.
• Preference is given to those who have passed at least one actuarial exam.
• Immigration sponsorship not available for this role.

Skills

• Strong analytical and problem-solving skills.
• Effective communication and interpersonal skills.
• Ability to work optimally in a team environment.
• Proficient in Microsoft Office products.
• Financial savvy and keen to identify problems and draft solutions.
• Proven research skills.

Benefits

• Comprehensive benefits package including medical, dental, and vision insurance.
• 401(k) savings plan with employer contributions.
• Employee stock purchase plan.
• Long-term incentive awards at Aon’s discretion.
• Paid time off including 12 paid holidays, 15 days of paid vacation per year, and paid sick leave as provided under state and local 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.
• Employee assistance program that includes free counseling sessions.
• Two “Global Wellbeing Days” each year.

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. The salary may also be adjusted based on applicant’s geographic location.