Job Title: RET Actuarial Associate

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 a RET Actuarial Associate in Bloomington, Minnesota to perform actuarial analysis under limited supervision. Review, analyze, and reconcile participant data for retirement and benefits actuarial services. Assist with benefit calculations and participant benefit statements, including qualified benefit calculations, overpayment calculations, retro-payment calculations, late retirement calculations, FICA calculations, and severance calculations. Assess short and long-term costs of pension, retirement, and related benefit plans. Calculate pension valuations with ProVal system. Provide 401(k) actuarial consulting, including quarterly report statistics for 401(k) plans. Assist with 401(k) cost impact estimates for mergers and acquisitions. Prepare and review deliverables including Annual Funding Notices, AFTAP Certifications, Funding Balance Election Letters, Schedule SBs for Form 5500, and proxy calculations. Assist with non-discrimination testing for pension plans. Perform accounting valuations for pension plans and retiree medical plans, including annual disclosures and projections of liabilities and expenses. Assist with assumption studies to ensure the valuation assumptions are consistent with actual plan demographic experience. Provide support to clients during union negotiations, including cost impact analysis and projections of liabilities and expenses. Local telecommuting available up to 3 days per week. Annual salary: $81,494 - $124,300.

Job Location: 5600 West 83rd Street, 8200 Tower, Suite 1100, Bloomington, MN 55437

Skills and experience that will lead to success

Bachelor's degree in Actuarial Science, Statistics, Mathematics, or a related field plus one year of actuarial analysis experience. Must have at least one year of experience in each of the following: 1. Reviewing, analyzing, and reconciling participant data for retirement and benefits actuarial services; 2. Assisting with benefit calculations and participant benefit statements, including qualified benefit calculations, overpayment calculations, retro-payment calculations, late retirement calculations, FICA calculations, and severance calculations; 3. Assisting with 401(k) cost impact estimates for mergers and acquisitions; 4. Preparing and reviewing deliverables including Annual Funding Notices, AFTAP Certifications, Funding Balance Election Letters, Schedule SBs for Form 5500, and proxy calculations; and 5. Performing accounting valuations for pension plans and retiree medical plans, including annual disclosures and projections of liabilities and expenses.

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 $81,494 - $124,300 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 00638, apply at jobs.aon.com, or click the apply button. This notice is subject to Aon Consulting, Inc.'s employee referral program.

2024-81677