Early Careers: Actuarial Intern

Aon Is Looking for Actuarial Interns – Availability Nationwide Are you intellectually curious with a passion for solving problems? Do you enjoy a flexible and collaborative, team-based environment where you are always learning and growing? If yes, Aon is the place for you! This is a hybrid role with the flexibility to work both from home and your aligned 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 Aon has four exciting paths to choose from, and each is a one-of-a-kind opportunity waiting to be seized! Retirement Consulting Pension and other retirement plans have enormous financial implications for employers.
Actuaries within Retirement Consulting work directly with our clients’ management teams to assess the short and long-term costs associated with these commitments.
You will have the opportunity to work on a variety of assignments during your internship.
Some of the most important projects that retirement actuarial consultants work on are the annual pension “valuations.
” Each year, actuaries collect census data from the clients and perform the annual valuation.
With the results of these valuations, we help our clients assess the ongoing financial health of their pension plans.
Additional activities include: Projections (both stochastic and deterministic) of long-term financial information for pension and other post-retirement benefit plans Coordination of asset-liability analysis and other studies with investment consultants Merger and acquisition “due diligence” and related activities Design and costing of new retirement programs.
Programming innovative pension administration systems Pension benefit calculations for participants Union negotiation support and analysis Quantitative comparison of comprehensive employee benefit programs for groups of employers Health and Benefits Consulting (H&B) Employer-sponsored health and welfare benefit programs form the foundation of the U.
S.
health care system.
These programs have evolved over time as employers have attempted to manage the changing needs of employees, rising program costs, and the impact of new legislation while supporting their human resource and business strategies.
You will have the opportunity to work on a variety of assignments during your internship.
Health and Benefits actuaries support consultants and work directly with our clients to develop short and longer-term health and welfare benefit strategies.
This process involves strategic assessments of the health care market and key trends and the identification of new and innovative solutions to employer problems.
The technical and analytical skills H&B actuaries bring to this process are critical to our H&B consulting.
Additional activities include: Evaluate plan design and costs relative to various measures and benchmarks with reporting to clients Health care budget rate-setting for self-insured plans including the analysis of medical and prescription drug network changes Employee contribution rate development and scenario analysis Analyze insured plan renewals for appropriateness and carrier bid financial evaluations Retiree medical and disability plan valuations Risk Consulting Aon Global Risk Consulting (AGRC) Actuarial & Analytics Practice is the third largest North American Property and Casualty Consulting firm, providing actuarial services to clients for more than 20 years.
The practice is comprised of highly skilled and experienced professionals in the risk quantification and analysis field.
As an intern within our Risk Consulting practice, you will have the opportunity to work on projects to assess exposure to P&C risk by loss forecasting for budgeting and risk management strategy evaluation, calculating actuarial reserves for financial statement support, providing actuarial opinions for regulatory support, and evaluating total cost of risk for effective financial and risk management solutions.
Additional projects you might work on include: Support analytical work including data management, loss forecasting, accruals, self-insurance analysis and cash flow analysis Collect, organize and analyze data, in support of existing brokerage business and proposal development Prepare and maintain effective documentation of all client correspondence Apply existing approaches to processes to specific client assignments, alerting AGRC service team to deficiencies in data, results or processes Contribute to the enhancement of overall assignment results by improving specific operational procedures Complete routine client service tasks efficiently, delivering products and services, accurately and on time, by applying Aon protocols Reinsurance Actuarial Consulting Unprecedented volatility is creating new risks and opportunities for organizations across the global economy.
We provide risk transfer, claims advocacy and capital management solutions to help re/insurers reduce volatility and build more resilient businesses, governments and communities.
Your primary role is to support clients as requested by supervisor or brokers, across virtually any client project or internal research assignment.
Analysts are expected to develop proficiencies in completing standard analyses, while also taking part in more advanced analyses as needed.
You will become familiar with Aon’s tools and approach, contribute to their development and present Aon’s solutions and services to our clients.
Secondary role is to assist in pricing parameter updates and market research.
Additional activities include: Work with colleagues (brokers, analytics and others) to identify and respond to client needs and develop additional opportunities related to products and services Inventory and manage data related to analysis of reinsurance transactions Analyze the costs and benefits of risk transferred under reinsurance agreements via pricing analysis and dynamic risk modeling with limited guidance Understand reinsurance contracts and products (terminology, terms and conditions) Prepare client-ready presentations to communicate analysis results to brokers and clients Manage workflow proactively Take initiative on internal projects to improve processes, products or services Take ownership and responsibility for quality, accuracy and timely completion of analysis How this opportunity is different Interns within Aon will gain valuable experience assisting our teams supporting both client and internal projects.
Interns will work with a cross-functional team to gain visibility and experience across a broad segment of clients.
The 10-week summer program includes weekly spotlights delivered by Aon business leaders, a community outreach event and networking opportunities with fellow interns and colleagues.
10 Week Paid Program in Offices Throughout the U.
S.
Challenging Work on Significant Client Projects One on One Internship Mentoring Formal and Informal Feedback Throughout the Program Significant on the job training and firsthand experience Participation in formal training program taught by Aon’s Industry professionals Aon Summer Internship Program Aon’s Summer Internship Program provides a unique opportunity for rising college seniors (and above) to learn, contribute, and gain real world work experience in a collaborative environment.
Interns have the chance to learn more about Aon’s culture and businesses while developing practical skills necessary for future success and postgraduate opportunities.
The 10-week summer program includes weekly spotlights delivered by Aon business leaders, a community outreach event and networking opportunities with fellow interns and colleagues.
The program equips interns with an understanding of working in an environment dedicated to exceeding client expectations and delivering products and services distinct to unique client needs.
A Value Adding Program Development Plan (Curriculum) In addition to on-the-job training, our interns actively participate, along with their fellow intern colleagues, in a formal Development Plan.
This provides interns: An understanding of the basic functions and types of clients within Aon’s businesses An understanding of Aon’s ethical standards Training geared toward enabling interns to demonstrate an ability to work in a professional business environment Opportunities to network with fellow peers, Aon colleagues and executive leadership at program social events and interactive speaker forums Opportunities to learn and use Aon’s internal systems Opportunities to demonstrate interpersonal and team building skills through many networking events An Opportunity to Explore Post Graduation Career Path Opportunities The goal of the Aon Summer Internship Program is to give students significant exposure to Aon through project deliverables, continuing education and a training curriculum.
The program also provides students with an excellent opportunity to learn and prepare for post‐graduate career opportunities at Aon.
Upon successful completion of the Aon Summer Internship Program, highly qualified interns may be offered post-graduation full‐time positions within the Launch Program, Aon’s Early Career Development Program.
Skills and experience that will lead to success Collaborators, Critical Thinkers, Problem Solvers, Team Players, Effective Communicators, Relationship Builders and Future Leaders.
We aim to recruit a diverse group of professionals who offer varying experiences, backgrounds and strengths to ensure we can continue to offer the most innovative solutions to our clients.
Additionally, we take into consideration the following: Relevant work or internship experience.
Involvement in extracurricular activities.
Proficiency in Microsoft office products such as Word, PowerPoint, Excel and Outlook is required.
Outstanding quantitative and analytical skills Strong written and verbal communication skills Enjoy working on complex, mathematically-oriented projects If you graduate between December 2024 and June 2025 with a GPA of 3.
0+,this opportunity is for you! 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! The target salary range for this position is $22 to $28 per hour.
The actual salary will vary based on applicant’s education, experience, skills, abilities, as well as internal equity and alignment with market data.
The salary may also be adjusted based on applicant’s geographic location.
Aon offers a benefits package for temporary and seasonal employees who will work 20 or more hours per week including: medical, dental, and vision insurance at the employee’s expense, critical illness insurance, 10 Company holidays per calendar year, and paid sick leave as provided under state and local law.
Eligibility for benefits are governed by the applicable plan documents and policies.
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.
If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.
com Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.
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