Actuarial Analyst jobs in Lakewood, NJ

This is a hybrid role with the flexibility to work both virtually and from an Aon 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

The Time Away and Life Solutions team focuses on all time away from work, including sick, vacation, PTO, STD, LTD and Life Insurance

• Assist in strategy development and costing of scenarios related to strategy discussions
• Work with client to identify relevant cost measures
• Assist in benchmarking discussions with clients, including strategy evolution as a result of benchmarking data
• Understand and project savings / costs related to plan design
• Set, and where appropriate review, disability and leave budget rate for self-insured plans; present results to client
• Review employee contribution rate development; present results to client
• Perform supporting analysis for IBNR and Long-term disability reserve development
• Develop models to evaluate cost-saving scenarios
• Assist the team in sales situations, representing the financial scope of work
• Mentor and delegate work to other actuarial students as appropriate
• Develop client reports and correspondence
• Seek and provide peer review to ensure high quality client deliverables
• Solicit credentialed actuarial review where appropriate
• Maintain an up-to-date knowledge of group systems, products and technology, and have a thorough understanding of how these relate to group insurance consulting
• General consulting skills, knowledge, and exposure to client delivery

How this opportunity is different

Our team focuses on National Account clients. With the evolving need for leave industry there is constant need for strategy development and cost modeling to ensure that clients remain compliant and competitive in the marketplace.

This team is comprised of colleagues with different backgrounds and skillsets that collaborate together to deliver for our clients.

Skills and experience that will lead to success

• 3 years of Life and Disability actuarial work experience
• Previous experience at a Human Resources Consulting firm, Outsourcing firm, Broker or Life and Disability Insurance Carrier
• Knowledge of Microsoft Office Suite (Excel, Word and PowerPoint)
• Client presentation skills required

Good communication skills, both written and oral

ASA actuarial designation

Education :

Bachelor’s degree in Actuarial Science, Mathematics or Statistics, or related field

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!

Last updated : 2024-05-16