As part of an industry-leading team, you will help empower results for our clients by delivering innovative and effective solutions. We hire Actuarial Specialists in various solution lines to work on projects related to effectively managing retirement solutions.
This role falls under Aon's early career development program, known as Launch. Building on the development colleagues receive in the role they are hired into, the Launch program is a supplemental development program for recent college recruits.
Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.
Your Impact As An Actuarial Specialist in Retirement Consulting:
Retirement Consulting
Pension and other retirement plans have enormous financial implications for employers. Actuaries within Retirement Consulting work directly with our clients' management teams to assess the short and long-term costs associated with these commitments.
Job Responsibilities:
Some of the most important projects that actuarial consultants within our Retirement Consulting practice work on are the annual pension "valuations." Each year, actuaries collect census data from the clients and perform the annual valuation. With the results of these valuations, we help our clients assess the ongoing financial health of their pension plans. Additional activities include:
- 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
- Developing leading-edge pension administration systems
- Union negotiation support and analysis
- Quantitative comparisons of comprehensive employee benefit programs for groups of employers
What are we looking for?
Collaborators, Critical Thinkers, Problem Solvers, Team Players, Effective Communicators, Relationship Builders and Future Leaders.
We aim to recruit a diverse group of professionals who offer varying experiences, backgrounds and strengths to ensure we can continue to offer the most innovative solutions to our clients. Additionally, we take into consideration the following:
- Relevant work or internship experience.
- Involvement in extracurricular activities.
- Proficiency in Microsoft office products such as Word, PowerPoint, Excel and Outlook is required.
- Outstanding quantitative and analytical skills
- Strong written and verbal communication skills
- Enjoy working on complex, mathematically-oriented projects
Education:
- Bachelor's Degree
- Have passed at least one actuarial exam, preferred
Applicants for this role, which is part of the Launch program, should have graduated between December 2022 - August 2023 and have a GPA of 3.0 or above.
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.
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
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 $68,500 to $71,500 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.
The salary range reflected is based on a primary work location of Irvine, CA. The actual salary may vary for applicants in a different 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 program that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.
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Working at
Aon Corporation
Aon Corporation is a leading global professional services firm providing a wide range of risk management, insurance brokerage, and consulting solutions. With a legacy dating back over a century, Aon Corporation has established itself as a trusted advisor to clients across industries and geographies. As an actuary at Aon Corporation, you'll be part of a diverse and talented team that plays a pivotal role in assessing and managing risks for clients. Actuaries at Aon Corporation utilize their expertise in statistical analysis, modeling, and data analytics to evaluate risks, develop risk management strategies, and provide insights that inform decision-making. Collaborating with multidisciplinary teams, actuaries at Aon Corporation contribute their analytical skills to help clients navigate complex risks and optimize their risk portfolios. Actuaries analyze data, forecast trends, and provide recommendations that help clients make informed business decisions and protect their financial interests. Aon Corporation values professional growth and provides actuaries with ample opportunities for career advancement and development. Actuaries have access to ongoing training and resources to enhance their skills, stay at the forefront of industry advancements, and deliver exceptional value to clients. Join Aon Corporation's esteemed actuarial team and embark on a rewarding career where you can apply your actuarial expertise, make a meaningful impact on clients' risk management strategies, and enjoy competitive benefits in a collaborative and global work environment.