Aon is hiring: Early Careers: Actuarial Specialist in St. Louis

Overview

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Are you intellectually curious with a passion for solving problems? Do you enjoy a flexible and collaborative, team-based environment where you are always learning and growing? If yes, Aon is the place for you!

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.

What the day will look like on one of our actuarial teams

We offer four exciting paths from which to choose, each with an outstanding opportunity as you begin your career.

Paths

• Retirement Consulting (SOA Exam Track)
  Pension and retirement plans have evolving financial implications for employers. Actuaries within retirement consulting work directly with clients’ management teams to assess the costs associated with these commitments. You will have access to a variety of areas in your first few months with Aon, including annual pension valuations, in which actuaries collect census data from clients and perform analysis and reporting to help our clients assess the ongoing financial health of their pension plans.
• Health And Benefits Consulting (SOA Exam Track)
  Employer-sponsored health and welfare benefit programs form the foundation of the U.S. health care system. These programs have evolved over time as employers have attempted to handle the changing needs of employees, rising program costs and the impact of new legislation while supporting their human resource and business strategies. H&B actuaries support consultants and engage with clients directly to develop comprehensive benefit strategies.
• Risk Consulting (CAS Exam Track)
  Aon Global Risk Consulting (AGRC) Actuarial & Analytics Practice provides actuarial services to clients for risk quantification and analysis. Launch colleagues assess exposure to P&C risk by loss forecasting for budgeting and risk management strategy evaluation, calculating actuarial reserves for financial statement support, providing actuarial opinions for regulatory support, and evaluating total cost of risk for effective solutions.
• Reinsurance Actuarial Consulting (CAS Exam Track)
  This team provides risk transfer, claims advocacy and capital management solutions to help re/insurers reduce volatility and build more resilient businesses, governments and communities. Launch colleagues support clients across projects and internal research assignments, developing proficiencies in standard analyses and in more sophisticated strategies.

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 documentation of client correspondence and processing client assignments, alerting the service team to data deficiencies.
• Work with colleagues to identify client needs and develop opportunities related to products and services.
• Inventory and handle data related to analysis of reinsurance transactions and analyze costs and benefits of risk transferred under reinsurance agreements.
• Learn about reinsurance contracts and products and prepare client-ready presentations to communicate analysis results.

Qualifications

• Applicants should graduate between Spring 2025 to Spring 2026 with a GPA of 3.0 or above and a concentration in actuarial science, statistics or a related field.
• Preference is given to those who have passed at least one actuarial exam.
• Please note: immigration sponsorship not available for this role.

How We Support Our Colleagues

In addition to our comprehensive benefits package, we encourage an inclusive workforce. Our agile environment supports wellbeing and work/life balance. We offer two “Global Wellbeing Days” each year and various working-style solutions. Our continuous learning culture helps you learn, share and grow, and stay connected and valued at Aon.

Aon values an innovative and inclusive workplace where all colleagues feel empowered to be their authentic selves. We are an equal opportunity employer and provide accommodations during the application or interview process if needed. For San Francisco and Los Angeles, local Fair Chance ordinances apply.

Notes
Aon is not accepting unsolicited resumes from search firms for this position. The salary range is $68,000 - $90,000 annually, with adjustments based on education, experience, location, and market data. Benefits include a comprehensive package as described.

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