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 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, diverse team, and we are passionate about helping our colleagues and clients succeed. What the day will look like on one of our actuarial teams We offer four exciting paths from which to choose, each with an outstanding opportunity as you begin to establish your career. Retirement Consulting 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. Health and Benefits Consulting (H&B) 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. Risk Consulting 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 operational procedures. Reinsurance Actuarial Consulting Unprecedented volatility is creating new risks and opportunities for organizations across the global economy. 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. Additional activities include: + Work with colleagues (brokers, analysts and others) to identify and respond to client needs and develop additional opportunities related to products and services. + 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. + Learn about reinsurance contracts and products (terminology, terms and conditions) and prepare client-ready presentations to communicate analysis results to brokers and clients. + Take the initiative on internal projects to improve processes, products or services. How this opportunity is different Welcome to a real plan for success! These roles are part of our innovative Early Careers Development program, aptly named 'Launch.' We have thoughtfully crafted a program across 12 months, packed with in-person and virtual sessions, networking opportunities, self-study adventures, and even calls with global leaders. This is the blueprint for greatness that puts colleagues on the fast-track to becoming future leaders. Skills and experience that will lead to success Our Launch colleagues are collaborators, insightful analyzers, problem solvers, excellent teammates, effective communicators, relationship builders and future leaders. They come to Aon with varying experiences, backgrounds and strengths and help us offer the most innovative solutions to our clients. Across the board, they are proficient in effective communication with strong analytical and problem-solving skills, often keen to identify problems and draft their solutions. They have outstanding interpersonal skills and ability to work optimally in a team environment, applying their proven research skills, knowledge of Microsoft Office products and financial savvy to sophisticated, quantitative and mathematically-focused projects. Applicants should graduate between Spring 2024 to Spring 2025 and have a 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. How we support our colleagues In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognize that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working! Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued. Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace. Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. People with criminal histories are encouraged to apply. We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com For positions in San Francisco and Los Angeles, we will consider for employment qualified applicants with arrest and conviction record in accordance with local Fair Chance ordinances. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. The salary range for this position (intended for U.S. applicants) is $63,000 to $78,500 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. Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: 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, various 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, adoption assistance, tuition assistance, commuter benefits, and an employee assistance p rogram that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies. #ActuarialConsultingUS #LI-MN1 #AonLaunchUS #LI-hybrid 2024-79778 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 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, diverse team, and we are passionate about helping our colleagues and clients succeed. What the day will look like on one of our actuarial teams We offer four exciting paths from which to choose, each with an outstanding opportunity as you begin to establish your career. Retirement Consulting 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. Health and Benefits Consulting (H&B) 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. Risk Consulting 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 operational procedures. Reinsurance Actuarial Consulting Unprecedented volatility is creating new risks and opportunities for organizations across the global economy. 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. Additional activities include: + Work with colleagues (brokers, analysts and others) to identify and respond to client needs and develop additional opportunities related to products and services. + 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. + Learn about reinsurance contracts and products (terminology, terms and conditions) and prepare client-ready presentations to communicate analysis results to brokers and clients. + Take the initiative on internal projects to improve processes, products or services. How this opportunity is different Welcome to a real plan for success! These roles are part of our innovative Early Careers Development program, aptly named 'Launch.' We have thoughtfully crafted a program across 12 months, packed with in-person and virtual sessions, networking opportunities, self-study adventures, and even calls with global leaders. This is the blueprint for greatness that puts colleagues on the fast-track to becoming future leaders. Skills and experience that will lead to success Our Launch colleagues are collaborators, insightful analyzers, problem solvers, excellent teammates, effective communicators, relationship builders and future leaders. They come to Aon with varying experiences, backgrounds and strengths and help us offer the most innovative solutions to our clients. Across the board, they are proficient in effective communication with strong analytical and problem-solving skills, often keen to identify problems and draft their solutions. They have outstanding interpersonal skills and ability to work optimally in a team environment, applying their proven research skills, knowledge of Microsoft Office products and financial savvy to sophisticated, quantitative and mathematically-focused projects. Applicants should graduate between Spring 2024 to Spring 2025 and have a 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. How we support our colleagues In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognize that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working! Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued. Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace. Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. People with criminal histories are encouraged to apply. We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com For positions in San Francisco and Los Angeles, we will consider for employment qualified applicants with arrest and conviction record in accordance with local Fair Chance ordinances. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. The salary range for this position (intended for U.S. applicants) is $63,000 to $78,500 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. Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: 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, various 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, adoption assistance, tuition assistance, commuter benefits, and an employee assistance p rogram that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies. #ActuarialConsultingUS #LI-MN1 #AonLaunchUS #LI-hybrid