Aon is hiring: Early Careers: Actuarial Specialist in Denver

Pay found in job post

Base pay range

$68,000.00/yr - $90,000.00/yr

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. Retirement Consulting (SOA Exam Track)

Pension and retirement plans have evolving financial implications for employers. Actuaries within retirement consulting work directly with our 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.

Responsibilities Include

• 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.

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. This process involves strategic assessments of the health care market and key trends and the identification of fresh and unique solutions to employer problems.

• 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.

Risk Consulting (CAS Exam Track)

Aon Global Risk Consulting (AGRC) Actuarial & Analytics Practice provides actuarial services to clients for more than 20 years and is comprised of professionals in risk quantification and analysis. Launch colleagues assess exposure to P&C risk by loss forecasting for budgeting and risk management strategy evaluation, calculate actuarial reserves for financial statement support, provide actuarial opinions for regulatory support, and evaluate total cost of risk for effective solutions.

• 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 deficiencies in data, results or processes.

Reinsurance Actuarial Consulting (CAS Exam Track)

Unprecedented volatility is creating new risks and opportunities for organizations across the global economy. 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, developing proficiency in standard analyses and participating in more sophisticated strategies.

• Work with colleagues to identify and respond to client needs and develop opportunities related to products and services.
• Inventory and analyze data related to reinsurance transactions and analyze costs/benefits of risk transferred under reinsurance agreements.
• Learn about reinsurance contracts and prepare client-ready presentations to communicate results.
• Take initiative on internal projects to improve processes, products or services.

Qualifications and Eligibility

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

How We Support Our Colleagues

We offer a comprehensive benefits package and an inclusive workplace. Our environment supports wellbeing and work/life balance, with two Global Wellbeing Days each year. We provide learning and development opportunities and an agile environment.

Aon values an innovative and inclusive workplace. Aon is an equal opportunity employer. If you require accommodations during the application or interview process, please email ReasonableAccommodations@Aon.com or your recruiter.

For positions in San Francisco and Los Angeles, we will consider qualified applicants with arrest and conviction records in accordance with local Fair Chance ordinances.

Note: This description does not restrict 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 $68,000 - $90,000 annually. The actual salary will vary based on education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on geographic location.

We are a global firm offering a broad benefits package with 401(k), stock purchase plan, medical/dental/vision, paid time off, holidays, and more.

Seniority level
Associate

Employment type
Full-time

Job function
Analyst, Consulting, and Accounting/Auditing

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