Calgary

Montreal

Toronto

Vancouver

Graduate

Part Qualified

Life

Investments

Health

Pensions

Property & Casualty

Reserving

Reporting

Risk

Python

Modelling

Coding

Motor

Pricing

Consulting

Excel

Power BI

DescriptionWe are a unique practice in the Canadian marketplace that focuses on the development of new insurance solutions and optimization of existing insurance solutions for Affinity program sponsors. These programs are targeted at large customer or membership bases of clients whose core business is not always insurance, such as banks, financial institutions, retailers, associations, and hospitality providers.Solutions are positioned to be complementary to the core services or product offerings of these Affinity organizations. We aim to achieve key objectives of customer/member engagement, optimized customer experience, and revenue and business growth. Through our work, we are constantly challenging the market status quo.We are seeking an aspiring actuarial analyst to be integrated into a broader team of Affinity consulting professionals. Foundational elements of client strategy, customer engagement, and operations are complemented by core analytics delivered through the actuarial component of our practice.You will be on the front lines of insurance strategy development, product development/enhancement, and new business development. You will be exposed to a variety of lines of insurance business, clients, and unique solutions supporting an ever-evolving marketplace.As an actuarial analyst in our practice, you will be a key resource in preparing and reconciling data, developing and maintaining key models, and assisting the consulting teams on a range of activities.The ideal candidate can work well in teams to support our consulting mandates and can also work independently with appropriate guidance. This includes assisting more senior colleagues with projects related to key insurance lines of business in the market, including travel insurance, embedded credit card insurance, personal home &amp; auto insurance, and life and health insurance solutions.The successful candidate will be expected to participate in WTW's study program in pursuit of a professional actuarial designation through a recognized actuarial professional association.The Role:<ul><li>Provide actuarial and analytics support on various insurance business lines and programs.</li><li>Participate in consulting mandates by providing support on pricing and loss reserving analysis, analysis of profit-sharing arrangements, financial forecasting and scenario modeling, claims analyses, dashboard reporting, industry benchmarking, and other ad hoc analysis.</li><li>Support to actuarial and non-actuarial consultants on both technical and program strategy issues can include data reconciliation and compilation, production of reports, presentations, summary analyses, and client communications.</li><li>Leverage technical skills to assist with the streamlining of processes, increasing efficiencies, and providing additional perspectives on tackling challenging actuarial and analytical problems.</li><li>Development of analysis to support strategic recommendations related to bidding processes for partner relationships on behalf of our clients.</li><li>Assist with other research and presentation material for new client prospects.</li></ul>QualificationsThe Requirements<ul><li>A University degree in actuarial science, mathematics, or statistics.</li><li>Pursuing a professional designation through the exams of a recognized actuarial professional association.</li><li>Highly organized, resourceful, and excellent attention to detail.</li><li>Strong analytical and critical thinking skills.</li><li>Effective and efficient time management skills; ability to simultaneously manage multiple projects and work independently.</li><li>Strong communication skills, both verbal and written.</li><li>Experience with using the Microsoft suite, particularly with Excel, Word, and PowerPoint.</li><li>Experience with manipulating and summarizing large data sets using R, Python, SQL, or similar programming languages.</li></ul>Other Valuable Candidate Assets<ul><li>Experience with summarizing and illustrating data using dashboard reporting tools like PowerBI.</li><li>Experience with personal insurance programs.</li><li>Fluency in French.</li></ul>Equal Opportunity Employer

Early Careers: Actuarial Analyst, Property &amp; CasualtyAre you an actuarial student looking to gain valuable professional experience in a dynamic consulting environment within the P&amp;C (property &amp; casualty) field? Our Professional Services Practice (PSP) team is looking for an actuarial analyst to join the team in Montreal, QC, Toronto, ON, Calgary, AB, or Vancouver, BC.Applicants must be legally authorized to work in Canada. This role is not eligible for sponsorship.What the day will look like<ul><li>Assist in developing industry and firm-specific loss profiles for professional service firms, including the modeling of severity and frequency distributions.</li><li>Assist in the review and analysis of individual firm and general industry assumptions used in settling accounting firm loss profiles.</li><li>Run simulation models to arrive at actuarial funding/pricing requirements, using various assumptions and approaches.</li><li>Support brokers by forecasting expected premium, including a review of program structure and proposed reinsurance arrangements.</li><li>Run simulation models to arrive at reserving estimates, using various assumptions and approaches.</li><li>Assist in preparing premium funding and reserving reports for client captives.</li><li>Assist in developing and refining financial modeling tools (dynamic financial analysis, capital modeling).</li></ul>How this opportunity is differentAon’s actuarial team within the Professional Service Practice (PSP) is uniquely dedicated to servicing large global, U.S., and Canadian accounting firm, law firm, and consulting firm clients and their captives.Our ability to quantify the professional liability risk exposures of our clients enables Aon to design an optimal program structure and assist in our clients’ decision-making around risk retention, risk financing, and risk transfer.Skills and experience that will lead to success<ul><li>Previous actuarial and insurance work term experience is an asset.</li><li>Excellent English skills (written and verbal) are required.</li><li>Strong math and analytical skills.</li><li>Strong interpersonal skills with a positive demeanor and ability to work in teams.</li><li>Ability to explain complex concepts in a simple and effective manner to a non-technical audience.</li><li>Resourceful and strategic problem solver with an ability to deliver practical solutions.</li><li>Must clearly demonstrate competency for attention to detail.</li><li>Excellent organizational skills – ability to work on multiple tasks and prioritize work.</li><li>Proficiency with MS Office (Word and Excel) is an asset.</li><li>Experience with @Risk, VBA and/or R is an asset.</li></ul>Education:<ul><li>Currently pursuing a Bachelor's degree in actuarial science, mathematics, or similar field.</li><li>Progress in professional actuarial exams with the Casualty Actuarial Society (CAS) is preferred but equivalent experience will also be considered an asset.</li></ul>How we support our colleaguesIn addition to our comprehensive benefits package, we encourage a diverse workforce. Our agile, inclusive environment allows you to manage your wellbeing and work/life balance.Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself.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 and interview process.

The BusinessJoin our Retirement consulting team in providing expertise in retirement and investment consulting to support global organizations in designing, managing, administering, and communicating various retirement plans. Whether a client has a defined benefit pension or a defined contribution plan, we work with them to determine the right approach to designing, funding, investing, governing and employee management that fits their specific goals.Gain direct exposure to real client assignments which will draw on your imagination and creativity as well as your ability to analyze data, draw conclusions, and share your brilliant results. In this role, you’ll experience a balance of expanding your technical knowledge and industry expertise, while benefiting from working in a close-knit and supportive team environment.Accepted applicants will be eligible for a comprehensive exam study program, including paid study hours and exam coaching to assist in attaining the accredited designation of Actuary.You will partner with consultants to provide actuarial support on projects through:<ul><li>Designing, funding, pricing, and the implementation and management of retirement programs</li><li>Competitive benchmarking analysis of benefit plan designs</li><li>Corporate restructuring and capital enhancement initiatives (demutualization, securitization, mergers &amp; acquisitions)</li><li>Working with a wide range of associates at all levels within the local practice</li><li>Performing asset/liability modelling</li><li>Perform annual pension (qualified and nonqualified) and post-retirement medical valuations for a variety of clients.</li><li>This entails manipulating data, analyzing data, determining plan liabilities, reconciling plan assets, and determining funding requirements</li><li>Assist with completion of plan reporting and filing requirements</li><li>Perform plan administrative tasks such as completing benefit calculations, reviewing plan documents and SPDs, and producing benefit statements</li></ul>About you.<ul><li>Bachelors or Master’s degree in actuarial science, mathematics, statistics, finance or any other major with significant quantitative course work with a minimum overall GPA of 3.0</li><li>Successful completion of one or more actuarial exams highly preferred</li><li>Work experience that demonstrates strong technical and/or client service skills</li><li>Passion for solving problems and sharing solutions to exceed the standards of the client</li><li>Ability to be a self-starter and work independently, but also cooperatively in a close team environment</li><li>Excellent oral and written communication skills</li><li>Accepting applications from candidates that graduate with a Bachelor’s or Master’s degree between May 2023 through August 2024</li></ul>

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