IND Consultant I Health (Actuarial)

Job Title: IND Consultant I Health - Actuarial

Solution Line: Health Actuarial

Position Type: Full Time

Work Location: Gurgaon

Working Style: Hybrid

Cab Facility: Yes

Shift Time: 12PM to 9PM

People Manager Role: No

Required Education and Certifications Critical for the Role:

Graduate (Except technical graduates)

Required Years of Experience:

2-4 years of relevant experience

INFORMATION ABOUT THE BUSINESS

Aon Health and Benefits takes a long-term view of benefits management that aims to help companies achieve a balance between using benefits as a retention tool and managing escalating costs.

These offerings include end-to-end solutions to benefits management, alignment of your benefit plans with corporate strategy and policies, considerable purchasing leverage, and a systematic and structured approach.

GENERAL DESCRIPTION OF ROLE:

Assist consultants and other stakeholders for Canada Health and Benefits domain, delivering RFP/Renewal reports to the Clients.

Work on the internal client database tool to update policy information related to Canada health and benefit plans.

Provide clients with market insights and a measure of how their benefit programs compare to the competition.

Deliver reports based on various parameters such as premium, claims, and loss ratios.

The process involves analysis of healthcare products information provided by vendors and onshore consultants pertaining to premium, claims, and plan attributes.

JOB RESPONSIBILITIES:

• Operate as part of a team under the supervision of Sr. Actuarial Specialist/Actuarial – Operations Manager.
• Develop client-specific knowledge to deliver on valuation and other consulting support services.
• Ensure compliance and drive usage of various processes, templates, precedents, and models compliance guidelines.
• Develop understanding of the wider context and key primary drivers of the results.
• Demonstrate a good understanding of all aligned processes and mentor clients/clients team.
• Maintain and build learning resources for the team, such as best practices sharing or training materials.
• Complete straightforward valuations independently and some complex valuations with oversight.
• Prioritize valuations and other process work independently.
• Expand project management responsibilities.
• Help junior colleagues and develop their skill set.
• Volunteer for at least one special project.
• Communicate valuation results.
• Delegate stand-alone tasks and perform reviews.
• Document own work and prompt documentation of work done by others.
• Ensure own work is complete and thorough, requiring minimal review.
• Complete non-standard valuations with instructions from AM/PM.
• Efficiently complete valuations accurately and within time constraints.
• Utilize resources efficiently.
• Proficient in VBA.
• Participate in onshore calls and share insights with the team.

SKILLS:

• Graduate, numerate degree preferred such as Mathematics, Statistics, Economics, or Engineering.
• Active student member of the Institute of Actuaries, UK/India and preferably cleared at least three core technical actuarial exams.
• Advanced knowledge of MS Excel.
• Well-versed with basic tool functionalities for creating, editing, and formatting presentations.
• Strong business communication skills (email and conference calls) and fluent in English.
• Flexible, keen on taking initiatives, accountable, and collaborative with colleagues.

HOW WE SUPPORT OUR COLLEAGUES:

In addition to our comprehensive benefits package, we are proud to be an equal opportunity workforce. A diverse workforce is an innovative workforce.

Our agile, inclusive environment allows colleagues to manage their wellbeing and work/life balance while empowering them to be their authentic selves.

Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging them to take time to focus on themselves.

We offer a variety of workstyle options through our Smart Working model, recognizing that flexibility goes beyond just the place of work.

Our continuous learning culture inspires and equips colleagues to learn, share, and grow, helping them achieve their fullest potential.