Gurgaon

Intern

Graduate

Life

Pensions

Property & Casualty

Reserving

Reporting

Python

Coding

Pricing

Valuation

Consulting

Excel

Job Title: Analyst – Retirement ActuarialPosition Type: Full TimeWork Location: Gurugram, NoidaWorking Style: HybridCab Facility: YesShift Time: 12:00 pm – 9:00 pmPeople Manager Role: NoRequired Education and Certifications Critical for the Role:<ul><li>Graduate in Mathematics/Statistics/Economics (2024/2025 Batch Only)</li><li>Active student member of the Institute of Actuaries, UK/India and should have cleared at least one core technical actuarial exam (or equivalently completed an actuarial certification course like ACET)</li><li>Knowledge of CM1 is preferred</li></ul>Required Years of Experience:<ul><li>Fresher to 12 months experience.</li></ul>AON IS IN THE BUSINESS OF BETTER DECISIONSAt Aon, we shape decisions for the better to protect and enrich the lives of people around the world.As an organization, we are committed to our purpose, united through trust as one inclusive, diverse team and we are passionate about helping our colleagues and clients succeed.INFORMATION ABOUT THE BUSINESSAs a leader in pension and retirement strategies, we partner with clients to create solutions that aim to enhance financial security and deliver better outcomes. Aon’s actuarial professionals deliver accurate and timely advice to trustees and companies of defined benefit pension plans. Our insights guide clients through strategic decisions about plan options, improvements, and possible outcomes.GENERAL DESCRIPTION OF ROLE:Collect and analyze large datasets related to retirement plans, pension schemes, and other relevant financial information. Use statistical techniques and actuarial models to interpret and evaluate the data.JOB RESPONSIBILITIES:<ul><li>Actuarial Calculations: Perform actuarial calculations, such as funding updates, accounting disclosures, GMP equalization, and member queries. Use actuarial software and tools to perform actuarial valuations and projections.</li><li>Regulatory Compliance: Stay updated with the relevant regulations, guidelines, and legislation affecting retirement plans and pension schemes in the UK. Ensure compliance with regulatory requirements and assist in preparing reports and documentation for regulatory bodies.</li><li>Communication and Reporting: Prepare reports, presentations, and summaries of actuarial findings for internal stakeholders, senior management, and clients. Clearly communicate complex actuarial concepts and results to non-technical audiences.</li><li>Collaboration: Work closely with other members of the retirement team, including actuaries, analysts, and consultants, to support the overall objectives of the team.</li><li>Professional Development: Stay updated with the latest developments and best practices in the actuarial field, including attending seminars, workshops, and pursuing relevant professional certifications.</li></ul>SKILLS/COMPETENCIES REQUIRED:<ul><li>Logical and problem-solving skills</li><li>Proficiency in MS Office tools such as MS Excel and MS Word</li><li>Strong analytical and mathematical skills, with a keen eye for detail</li><li>Ability to communicate effectively with internal and external stakeholders</li><li>Strong organizational skills to manage multiple projects and deadlines efficiently</li><li>Ability to work in a team and collaborate effectively with colleagues from diverse backgrounds</li></ul>HOW WE SUPPORT OUR COLLEAGUES:In addition to our comprehensive benefits package, we are proud to be an equal opportunity workforce. At Aon, 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.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.COMMITMENT TO SUSTAINABILITY:Aon is dedicated to integrating sustainability into our core business practices. We strive to minimize our environmental impact through innovative solutions and responsible stewardship, ensuring a sustainable future for our clients and communities.

About MillimanMilliman is among the world's largest providers of actuarial and related products and services. The firm has consulting practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe.Milliman India Non- Life Actuarial Internship ProgramWe are confident that the experience you gain through this program will provide you with a solid foundation to start your career as well as give you many real-world examples to decide if this is the right career path for you.Experience and preferred skills<ul><li>Superior math aptitude and quantitative ability</li><li>Outstanding academic record</li><li>Strong analytical, communication (written and oral), and organizational skills</li><li>Ability to work independently or as part of a team</li><li>Knowledge of MS Office (Excel, Powerpoint etc.) and computer programming (e.g. SAS/SQL//R/Python)</li><li>Previous actuarial or related internship experience a plus but not required</li></ul>Primary Duties & Responsibilities<ul><li>Data analysis using Excel, SQL Serves, and SAS</li><li>Reserving and product pricing</li><li>Research projects</li><li>Learning to develop and use actuarial models including Milliman proprietary tools.</li></ul>Qualifications Required:<ul><li>Bachelor’s or master’s degree student (or recent graduate) pursuing actuarial science, mathematics, or any other major with quantitative course work</li><li>Minimum 3 actuarial exams from IAI or IFoA, UK.</li></ul>

Actuarial InternWe are looking to recruit an Actuarial Intern, based in Milliman’s Gurgaon Office. Successful candidates will have the opportunity to work across a wide variety of retirement/employee benefit issues and develop their consulting expertise.Key Responsibilities<ul><li>Assist in preparation of actuarial valuation and compliance work for Retirement and Post Retiree Medical (OPEB) plans under single and multi-employers, including:
 <ol><li>Funding valuations</li><li>Accounting valuations</li><li>Government form preparation</li></ol></li><li>Perform benefit calculations</li><li>Assist in preparation of valuation, disclosure, and expense reports</li><li>Prepare benefit coding to replicate valuations under legacy tools</li><li>Analyze and assist on special retirement projects</li><li>Provide broader day-to-day support to staff based in Gurgaon and USA</li><li>Maintain a healthy billing rate across the calendar year</li></ul>Requirements / Skill Set<ul><li>Basic knowledge of retirement and/or retiree medical work</li><li>Graduates / Post-graduates – preferably Math / Stats / Eco / Commerce streams</li><li>2-3 actuarial exams</li><li>Strong technical and problem-solving aptitude</li><li>Proficiency in Microsoft Office applications, particularly, MS-Excel and MS-Word</li><li>VBA / R / SQL / SAS experience will be preferential</li><li>Ability to manage workflow and deliver product independently</li><li>Strong oral and written communication skills</li><li>Flexible with work timings and compatible within the team</li></ul>Pursuing actuarial exams and motivated to become an actuary.

About MillimanMilliman is among the world's largest providers of actuarial and related products and services. The firm has consulting practices in healthcare, property &amp; casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe.Our Actuarial Internship ProgramWe are confident that the experience you gain through this program will provide you with a solid foundation to start your career as well as give you many real-world examples to decide if this is the right career path for you.Experience and preferred skills:<ul><li>Superior math aptitude and quantitative ability</li><li>Outstanding academic record</li><li>Strong analytical, communication (written and oral), and organizational skills</li><li>Ability to work independently or as part of a team</li><li>Knowledge of MS Office (Excel, Powerpoint etc.) and computer programming (e.g. SAS/SQL//R/Python)</li><li>Previous actuarial or related internship experience a plus but not required</li></ul>Primary Duties &amp; Responsibilities:<ul><li>Data analysis using Excel, SQL and SAS</li><li>Reserving and product pricing</li><li>Research projects</li><li>Learning to develop and use actuarial models including Milliman proprietary tools.</li></ul>Qualifications Required:<ul><li>Bachelor’s or master’s degree student (or recent graduate) pursuing actuarial science, mathematics, or any other major with quantitative course work</li><li>Minimum 3 actuarial exams from IAI or IFoA, UK</li></ul>

We are looking to recruit an Actuarial Intern, based in Milliman’s Gurgaon Office. Successful candidates will have the opportunity to work across a wide variety of retirement/employee benefit issues and develop their consulting expertise.Key Responsibilities<ul><li>Assist in preparation of actuarial valuation and compliance work for Retirement and Post Retiree Medical (OPEB) plans under single and multi-employers, including:<ul><li>Funding valuations</li><li>Accounting valuations</li><li>Government form preparation</li></ul></li><li>Perform benefit calculations</li><li>Assist in preparation of valuation, disclosure and expense reports</li><li>Prepare benefit coding to replicate valuations under legacy tools</li><li>Analyze and assist on special retirement projects</li><li>Provide broader day-to-day support to staff based in Gurgaon and USA</li><li>Maintain a healthy billing rate across calendar year</li></ul>Requirements / Skill Set<ul><li>Basic knowledge of retirement and/or retiree medical work</li><li>Graduates / Post-graduates – preferably Math / Stats / Eco / Commerce streams</li><li>2-5 actuarial exams</li><li>Strong technical and problem-solving aptitude</li><li>Proficiency in Microsoft office applications, particularly, MS-Excel and MS-Word</li><li>VBA / R / SQL / SAS experience will be preferential</li><li>Ability to manage workflow and deliver product independently</li><li>Strong oral and written communication skills</li><li>Flexible with work timings and compatible within team</li><li>Pursuing actuarial exams and motivated to become an actuary</li></ul>Milliman believes in providing a stimulating work environment for its employees where new ideas are promoted and encouraged. Candidates can expect a supportive work environment and will be given extensive training.

Actuary Internships Summer 2025 | Job Vacancies & Career Opportunities