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About the Role

Aon is seeking intellectually curious individuals passionate about problem-solving for their Early Careers: Actuarial Specialist roles. This position offers a flexible, collaborative, and team-based environment focused on continuous learning and growth within the business of better decisions.

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.
• 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.
• 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.
• 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.
• 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.
• Support clients across virtually any client project or internal research assignment.
• Develop proficiencies in completing standard analyses, while also taking part in more sophisticated strategies, becoming familiar with Aon’s tools and approaches.
• 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.

Requirements

• Applicants should graduate between Spring 2025 to Spring 2026.
• Applicants should have a GPA of 3.0 or above.
• Applicants should have 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

• Effective communication
• Strong analytical skills
• Problem-solving skills
• Interpersonal skills
• Ability to work optimally in a team environment
• Proven research skills
• Knowledge of Microsoft Office products
• Financial savvy

Location

• United States
• Hybrid

Work Type

• Hybrid

Experience Level

• Early Careers
• Entry Level

Education Level

• Bachelor's Degree

Salary/Compensations

• $68,000 - $90,000 annually

Benefits

• 401(k) savings plan with employer contributions
• Employee stock purchase plan
• Consideration for long-term incentive awards
• Medical insurance
• Dental insurance
• Vision insurance
• Various types of leaves of absence
• Paid time off
• 12 paid holidays throughout the calendar year
• 15 days of paid vacation per year
• Paid sick leave
• Short-term disability
• Optional long-term disability
• Health savings account
• Health care reimbursement accounts
• Dependent care reimbursement accounts
• Employee life insurance
• Dependent life insurance
• Supplemental life insurance
• Supplemental AD&D insurance
• Optional personal insurance policies
• Adoption assistance
• Tuition assistance
• Commuter benefits
• Employee assistance program (includes free counseling sessions)
• Two “Global Wellbeing Days” each year

About the Company

• 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 team and we are passionate about helping our colleagues and clients succeed.

Equal Opportunity

• 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 are committed to providing equal employment opportunities and fostering an inclusive workplace.
• If you require accommodations during the application or interview process, please let us know.
• 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.