Health and Benefits Actuarial Vice President

3 weeks ago

Chicago, Illinois, United States Aon Corporation Full time
Health Solutions Actuarial Vice President

Location: Chicago IL

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:
  • Lead actuary on client teams, leading actuarial projects and client relationship
  • Influence clients' overall strategic and financial direction in benefits; frame results in the context of the marketplace
  • Project savings/costs related to health benefits and applicable changes
  • Mentor and leverage work to less experienced actuaries
  • Review health care budgets and contribution setting
  • Make statements of actuarial opinion and lead analysis behind them; directly responsible for all actuarial deliverables
  • Communicate actuarial results to clients; lead all financial meetings, explaining actuarial results and potential alternatives
  • Assist in benchmarking discussions with clients, including strategy evolution as a result of benchmarking data
  • Perform IBNP reserve development
  • Review models to evaluate cost-saving scenarios
  • Seek and provide peer review to ensure high quality client deliverables
  • Develop general consulting skills, knowledge, and exposure
How this opportunity is different:

Your role will include participating in client account management, allow you build and manage strong and sustainable relationships with clients, and will require you to respond to the needs and objectives of leadership of Aon's insurance and reinsurance practices. The role is for an individual with a strong analytics background who is interested in actuarial and strategic consulting.

Required Experience:
  • FSA/ASA (Fellow of the Society of Actuaries or Associate of the Society of Actuaries) designation required
  • Health and welfare consulting experience: 10+ years of industry experience (carrier or health care consulting)
  • Project/client/financial management experience
  • Broad business knowledge/perspective
  • Business development experience, including competitor and market knowledge a plus
  • Bachelor's degree
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 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.

We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email

Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

Pay Transparency Laws:

The salary range for this position intended for U.S. applicants is $150k-$209k annually. The actual salary will vary based on applicant's education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant's geographic location. The salary range reflected is based on a primary work location of State/Region. The actual salary may vary for applicants in a different geographic location.

This position is eligible to participate in one of Aon's annual incentive plans to receive [an annual discretionary bonus] in addition to base salary. The amount of any [bonus] varies and is subject to the terms and conditions of the applicable incentive plan.

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.

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