Early Careers: Actuarial Intern

Aon Corporation•Burlington, MA

6d•Hybrid

About The Position

Aon invites intellectually curious rising college seniors with a passion for problem-solving to join our 2027 Summer Internship Program in our Actuarial business area. Immerse yourself in a unique and exciting environment as you sample a career that offers global reach and makes a tangible impact on our clients! Opportunities are available across the United States in a hybrid environment, allowing work from the office and remotely. 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.

Requirements

Rising seniors graduating between December 2027 – June 2028 with a minimum cumulative GPA of 3.0.
Pursuing a degree in Actuarial Science, Statistics, Mathematics, or related
Desire to work on a team with the capability for independent work
Driven by results and accomplishing tasks
Strong critical thinking, problem-solving and analytical tendencies
Alignment with values of integrity, client commitment and community dedication
Adaptability, quick learning ability and professional demeanor
Proficiency in Microsoft Office Suite, including Excel
Involvement in extracurricular activities

Nice To Haves

Have passed at least one actuarial exam, preferred

Responsibilities

Crafting projections (both stochastic and deterministic) of long-term financial information for pension and other post-retirement benefit plans as well as coordination of asset-liability analysis and due-diligence of M&A activities.
Design and costing of new retirement programs, programming of innovative pension admin systems, pension benefits calculations and union negotiation strategies as well as 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 and the opportunity to conduct retiree medical and disability plan valuations.
Perform data management, loss forecasting, accruals, self-insurance analysis and cash flow analysis.
Collect, coordinate and analyze data for existing brokerage business and proposal development.
Prepare and maintain 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.
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!