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: Graduate / Post Graduate

Required Years of Experience: 2-4 years of relevant experience

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. We are committed to our purpose, united through trust as one inclusive, diverse team.

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 and alignment of your benefit plans with corporate strategy and policies.

GENERAL DESCRIPTION OF ROLE:

Assist consultants and other stakeholders for US/Canada Health and Benefits domain, delivering high complexity actuarial valuations for clients using ProVal software and other actuarial processes.

Develop client-specific knowledge to deliver on the valuation and other consulting support services. Develop your understanding of the wider context and key primary drivers of the results.

Demonstrate a very good understanding of all aligned processes and be able to mentor and provide insights to clients.

The process involves analysis of healthcare products data 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 the valuation and other consulting support services.
• Ensure compliance and drive usage of various processes, templates, and compliance guidelines.
• Demonstrate a good understanding of all aligned processes and mentor clients.
• 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.
• Help junior colleagues develop their skill set.
• Volunteer for at least one special project.
• Communicate valuation results.
• Document own work and prompt documentation of work done by others.
• Ensure 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/COMPETENCIES REQUIRED:

• 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.
• Business communication skills and fluent in English.
• Flexible, accountable, and collaborative approach with colleagues.

HOW WE SUPPORT OUR COLLEAGUES:

In addition to our comprehensive benefits package, we are proud to be an equal opportunity workforce. We believe 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.

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.