Early Careers: Actuarial Specialist

Aon Corporation•Burlington, MA

6d•Hybrid

About The Position

Aon is seeking intellectually curious individuals passionate about problem-solving to join their Early Careers program, 'Launch.' This program offers a flexible, collaborative, and team-based environment focused on continuous learning and growth. Opportunities are available across the United States in a hybrid work model. Aon focuses on helping clients make better decisions to protect and enrich lives, operating as a united, inclusive team. The 'Launch' program is a 12-month development program designed to fast-track colleagues into future leaders, featuring in-person and virtual sessions, networking, self-study, and interactions with global leaders.

Requirements

Applicants should graduate between Spring 2025 to Spring 2026.
Have a GPA of 3.0 or above.
Concentration in actuarial science, statistics or a related field.
Proficient in effective communication with strong analytical and problem-solving skills.
Keen to identify problems and draft their solutions.
Outstanding interpersonal skills and ability to work optimally in a team environment.
Proven research skills.
Knowledge of Microsoft Office products.
Financial savvy to sophisticated, quantitative and mathematically-focused projects.

Nice To Haves

Preference is given to those who have passed at least one actuarial exam.

Responsibilities

Crafting 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.
Programming innovative pension administration systems.
Pension benefit calculations for participants.
Union negotiation support and analysis.
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.
Valuation of retiree medical and disability plans.
Supporting analytical work including data management, loss forecasting, accruals, self-insurance analysis and cash flow analysis.
Collecting, organizing and analyzing data, in support of existing brokerage business and proposal development.
Preparing and maintaining 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.