Actuarial Internship Opportunity

3 days ago

Bloomington, United States Aon Full time
Actuarial Internship with Aon

Aon invites rising college seniors with a passion for problem-solving to join our 2025 Summer Internship Program in our Actuarial business area. Immerse yourself in a unique and exciting environment as you sample a career that offers global reach and makes a tangible impact on our clients.

Program Overview

Our 10-week paid program offers a comprehensive development plan that includes deeply understanding Aon's business areas, ethical standards, professional environment, networking opportunities, learning internal systems, and honing interpersonal and team-building skills through collaboration events and colleague networking opportunities.

Actuarial Career Paths

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

  • Retirement Consulting
    • Crafting projections (both stochastic and deterministic) of long-term financial information for pension and other post-retirement benefit plans as well as coordination of asset-liability analysis and due-diligence of M&A activities.
    • Design and costing of new retirement programs, programming of innovative pension admin systems, pension benefits calculations and union negotiation strategies as well as quantitative comparison of comprehensive employee benefit programs for groups of employers.
  • Health and Benefits (H&B) Consulting
    • 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 and the opportunity to conduct retiree medical and disability plan valuations.
  • Risk Consulting
    • 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.
    • Perform data management, loss forecasting, accruals, self-insurance analysis and cash flow analysis.
    • Collect, coordinate and analyze data for existing brokerage business and proposal development.
    • Prepare and maintain 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.
  • Reinsurance Actuarial Consulting
    • 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.
What Sets Our Program Apart

Explore Aon's culture and business areas, developing practical skills vital for the future success and postgraduate opportunities. Engage in weekly spotlights, community outreach events and networking opportunities with peers, encouraging an understanding of the importance of exceeding client expectations and delivering distinct solutions.

Development Planning

Participate in a comprehensive development plan that includes deeply understanding Aon's business areas, ethical standards, professional environment, networking opportunities, learning internal systems, and honing interpersonal and team-building skills through collaboration events and colleague networking opportunities.

Future Opportunities

Our program offers meaningful exposure to Aon, preparing interns for short-term and long-term career opportunities. Outstanding interns may receive offers to join Aon's Launch Program, an early careers development opportunity, as a full-time colleague with generous benefits and tangible career path.

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

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.

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