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Aon Corporation

Aon Corporation

Health and Benefits Actuarial Analyst

Health and Benefits Actuarial Analyst

Job Details
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Uploaded On
January 26, 2024
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Location
St. Louis, United States
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Remote?
No
Company Overview
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Headquarters
London, United Kingdom
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Number of Employees
50000
Estimated Number of Actuaries
2321
Salary
$
61
k-$
72
k
Glassdoor Ratings
""
Recommend to a Friend
81%
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Overall Score
4.0 / 5
Aon Is Looking For a Health Solutions Actuarial Analyst

As a Health Solutions Actuarial Analyst, you will provide actuarial and group consulting support for mid to large corporate accounts with a focus on analytics to assist the Health Strategies Consultants in servicing existing clients and prospects.

Job Responsibilities:
  • Conduct underwriting analysis based on clients' plan history and change in risk to negotiate the best insurance rates possible on their behalf;
  • Flexible benefit pricing
  • Assist consultants with negotiating renewal ratings; and
  • Preparing quarterly experience reviews, letters.

Marketing:
  • Perform market reviews and benchmarks to meet the evolving business needs of our clients;
  • Preparing financial exhibits,
  • Analyzing quotations and preparing specifications for seeking quotations; and
  • Arranging and writing the client report summarizing quotation results.

General:
  • Reviewing group insurance contracts, agreements, and employee booklets;
  • Peer review and validation work done by junior health and benefits analysts;
  • Assist in analytic projects such as pooling risk simulations and drugs utilization reviews;
  • Promoting good public relations by developing strong working relationships with clients and insurance company representatives;
  • Maintaining an up-to-date knowledge of group systems, products and technology, while having a thorough understanding of how these relate to group insurance consulting; and
  • Occasional travel required to client locations.

Required Experience:
  • Minimum of 2-5 years of relevant experience; relevant experience in a consulting/insurance environment working in group underwriting and group benefits departments preferred;
  • A superior ability in mathematics and financial analysis, and demonstrated computer skills using financial spreadsheet programs;
  • Superior communication skills, both written and oral;
  • Must be a highly motivated, client service and team oriented individual;
  • Ability to multi-task on several projects simultaneously in an environment with concurrent deadlines subject to change, as well as regular interruptions;
  • Strong technical skills across Microsoft Office Suite, including Word, PowerPoint and Excel. Must have Advanced Excel proficiency;
  • Applicants who do not have the industry experience, but have the required education and skills will also be considered; and
  • Local travel is required.


Education:
  • Bachelor's degree is required, preferably in Actuarial Science, Mathematics, or related discipline; and
  • Completion of at least 3 SOA exams, and working towards completion of ASA designation


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 [$61,000-$72,000] 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.

The salary range reflected is based on a primary work location of [State/Region]. 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.

Aon offers a benefits package for temporary and seasonal employees who will work 20 or more hours per week including: medical, dental, and vision insurance at the employee's expense, critical illness insurance, 10 Company holidays per calendar year (paid, if eligible), paid sick leave as provided under state and local law, and a 401(k) savings plan with employer contributions. Eligibility for benefits are governed by the applicable plan documents and policies.

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. This role does not accrue vacation. Rather, this role is eligible to take paid time off at the discretion of the employee and management in accordance with Company policy and practices. Various other types of leaves of absence; 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.