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Actuarial Analyst (Health & Benefits)

As a Health Solutions Actuarial Analyst, you will provide actuarial and group consulting support for mid to large corporate accounts with a focus on analytics to assist the Health Strategies Consultants in servicing existing clients and prospects.

Job Responsibilities:

  • Conduct underwriting analysis based on clients' plan history and change in risk to negotiate the best insurance rates possible on their behalf;
  • Flexible benefit pricing
  • Assist consultants with negotiating renewal ratings; and
  • Preparing quarterly experience reviews, letters.

Marketing:

  • Perform market reviews and benchmarks to meet the evolving business needs of our clients;
  • Preparing financial exhibits,
  • Analyzing quotations and preparing specifications for seeking quotations; and
  • Arranging and writing the client report summarizing quotation results.

General:

  • Reviewing group insurance contracts, agreements, and employee booklets;
  • Peer review and validation work done by junior health and benefits analysts;
  • Assist in analytic projects such as pooling risk simulations and drugs utilization reviews;
  • Promoting good public relations by developing strong working relationships with clients and insurance company representatives;
  • Maintaining an up-to-date knowledge of group systems, products and technology, while having a thorough understanding of how these relate to group insurance consulting; and
  • Occasional travel required to client locations.

Required Experience:

  • Minimum of 2-5 years of relevant experience; relevant experience in a consulting/insurance environment working in group underwriting and group benefits departments preferred;
  • A superior ability in mathematics and financial analysis, and demonstrated computer skills using financial spreadsheet programs;
  • Superior communication skills, both written and oral;
  • Must be a highly motivated, client service and team oriented individual;
  • Ability to multi-task on several projects simultaneously in an environment with concurrent deadlines subject to change, as well as regular interruptions;
  • Strong technical skills across Microsoft Office Suite, including Word, PowerPoint and Excel. Must have Advanced Excel proficiency;
  • Applicants who do not have the industry experience, but have the required education and skills will also be considered; and
  • Local travel is required.

Education:

  • Bachelor's degree is required, preferably in Actuarial Science, Mathematics, or related discipline; and
  • Completion of at least 3 SOA exams, and working towards completion of ASA designation

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 ReasonableAccommodations@Aon.com

Nothing in this job description restricts 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 $61,000-$72,000 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.

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