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Actuary (Life & Disability)

Are you interested in a dynamic position that is dedicated to one of Aon’s clients with structured autonomy and deep customer accountability? This position provides actuarial support for Life, Disability and Voluntary Benefits dedicated to the Professional Employer Organization vertical.

This is a hybrid role with the flexibility to work both virtually and from an Aon office.

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

The Time Away and Life Solutions team focuses on all time away from work, including sick, vacation, PTO, STD, LTD and Life Insurance

  • Assist in strategy development and costing of scenarios related to strategy discussions
  • Work with client 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 where appropriate review, disability and leave budget rate for self-insured plans; present results to client
  • Review employee contribution rate development; present results to client
  • 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

How this opportunity is different

Our team focuses on National Account clients. With the evolving need for leave industry there is constant need for strategy development and cost modeling to ensure that clients remain compliant and competitive in the marketplace. This team is comprised of colleagues with different backgrounds and skillsets that collaborate together to deliver for our clients.

Skills and experience that will lead to success

  • 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 requiredGood communication skills, both written and oral
  • ASA actuarial designation

Education:

  • Bachelor’s degree in Actuarial Science, Mathematics or Statistics, or related field

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.

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 $90,000 to $120,000.00. 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 range reflected is based on a primary work location of Philadelphia, PA. 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.

A summary of all the benefits offered for the position:

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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