Job Title: H&B Analyst - Actuarial

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

Aon Consulting, Inc. seeks an H&B Analyst - Actuarial in San Francisco, California to perform health and benefits actuarial analysis under limited supervision. Support and develop short and longer-term health and welfare benefit strategies. Run Reserve IBNP (incurred but not processed) models using claims experience to estimate the amount of reserve needed. Create periodic (monthly or quarterly) reports to track healthcare spending against budgets and present reports. Perform underwriting (pricing) for self-insured medical plans. Conduct health care budget rate-settings for self-insured plans including the analysis of medical and prescription drug network changes. Run actuarial models to support regulatory compliance needs, including HCSO, PCORI, ACA Affordability, Medicare Part D, and Credible Coverage. Organize actuarial data and databases using MS Access and SQL. Analyze and visualize data using Python, R, Excel, and PowerBI. Evaluate plan designs and cost relative to various measures and benchmarks and reporting results. Develop employee contribution rates and scenario analysis. Analyze insured plan renewals for appropriateness and carrier bid financial evaluations. Identify savings opportunities and perform financial modeling associated with plan design and provider network changes. Calculate actuarial reserves. Local telecommuting available up to 3 days per week. Annual Salary: $83,300 - $138,900.

Job Location: 425 Market Street, Suite 2800, San Francisco, CA 94105

Skills and experience that will lead to success

Bachelor's degree in Actuarial Science, Applied Mathematics, or a related field, plus one year of health and benefits actuarial analysis experience. Must have at least one year of experience in each of the following: 1. Performing underwriting (pricing) for self-insured medical plans; 2. Conducting health care budget rate-settings for self-insured plans including the analysis of medical and prescription drug network changes; 3. Running actuarial models to support regulatory compliance needs, including HCSO, PCORI, ACA Affordability, Medicare Part D, and Credible Coverage; 4. Organizing actuarial data and databases using MS Access and SQL; 5. Analyzing and visualizing data using Python, R, Excel, and PowerBI; and 6. Calculating actuarial reserves.

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 (EEO) 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. Aon is committed to a diverse workforce and is an affirmative action employer. People with criminal histories are encouraged to apply.

We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation on ReasonableAdjustments@Aon.com

Salary range or hourly pay range for the position

The salary range for this position is $83,300 - $138,900 annually.

A summary of all the benefits offered for that position

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.

How to Apply

To apply, please send resume to aonresumes@aon.com and cite requisition number 00689, apply at jobs.aon.com, or click the apply button. This notice is subject to Aon Consulting, Inc.'s employee referral program.

2025-88319