Actuarial Consultant

4 days ago


Chicago, Illinois, United States Aon Full time
Job Description:

Aon is seeking a highly skilled Actuarial Consultant to join our Time Away and Life Solutions team. As a key member of our team, you will be responsible for providing actuarial support for Life, Disability, and Voluntary Benefits dedicated to the Professional Employer Organization vertical.

This is a hybrid role that offers the flexibility to work both virtually and from an Aon office. You will be part of a dynamic team that focuses on all time away from work, including sick, vacation, PTO, STD, LTD, and Life Insurance.

Key Responsibilities:
  • Assist in strategy development and costing of scenarios related to strategy discussions
  • Work with clients to identify relevant cost measures
  • Assist in benchmarking discussions with clients, including strategy evolution as a result of benchmarking data
  • Understand and project savings/costs related to plan design
  • Set and review disability and leave budget rates for self-insured plans; present results to clients
  • Review employee contribution rate development; present results to clients
  • Perform supporting analysis for IBNR and Long-term disability reserve development
  • Develop models to evaluate cost-saving scenarios
  • Assist the team in sales situations, representing the financial scope of work
  • Mentor and delegate work to other actuarial students as appropriate
  • Develop client reports and correspondence
  • Seek and provide peer review to ensure high-quality client deliverables
  • Solicit credentialed actuarial review where appropriate
  • Maintain an up-to-date knowledge of group systems, products, and technology, and have a thorough understanding of how these relate to group insurance consulting
  • General consulting skills, knowledge, and exposure to client delivery
Requirements:
  • 3+ years of Life and Disability actuarial work experience
  • Previous experience at a Human Resources Consulting firm, Outsourcing firm, Broker, or Life and Disability Insurance Carrier
  • Knowledge of Microsoft Office Suite (Excel, Word, and PowerPoint)
  • Client presentation skills required
  • Good communication skills, both written and oral
  • ASA actuarial designation
What We Offer:

Aon is committed to providing a comprehensive benefits package, including a 401(k) savings plan with employer contributions, an employee stock purchase plan, consideration for long-term incentive awards, 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.

We also offer a variety of working style solutions, including Smart Working, which allows you to manage your wellbeing and work/life balance. Additionally, we provide two Global Wellbeing Days each year, encouraging you to take time to focus on yourself.

Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. We are proud to be an equal opportunity workplace and welcome applications from all.



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