Health & Benefits Actuarial Consultant/Analyst

BenX Health Actuarial Analyst or Consultant

Aon is looking for an Actuarial Analyst or Consultant to serve clients within our private healthcare marketplace, the Aon Benefit Experience (BenX). The BenX is growing and it is an exciting time to be part of the team dedicated to serving our clients and partners within this industry leading solution.

Level for the role will be determined by the individual’s experience.

Location: Chicago, IL; New York, NY; Houston, TX

This position is In Office with Hybrid potential.

Job Responsibilities:

• Financial modeling (including quality review) of medical and dental quoted rates vs. self-insured projections
• Data collection and review: feasibility studies; annual RFP process
• Checking and quality control
• Initial RFP analysis (including actuarial value modeling) to assist with pricing and negotiation
• Defined Contribution modeling
• Will work within the team to make plan recommendations, subsidy recommendations, set funding requirements for Self Insured clients, etc.
• Implementation support to benefits administration teams
• Participation in Health & Benefits practice sponsored and external training, to grow consulting acumen
• Ability to work in a fast-paced environment that requires keeping up with multiple deadlines at the same time
• Ability to step into a lead analyst role with potential to transition to a client-facing role after learning requirements on the job
• Manages priorities, communicates potential delays, and delivers results on time
• Proactively accepts new projects when they become available

Required Experience:

• 2-4 years of health and welfare experience (carrier or employer consulting)
• Understands health insurance concepts, underwriting, forecasting, and analysis.
• Progress towards FSA/ASA designation (Fellow of the Society of Actuaries or Associate of the Society of Actuaries)
• Proficiency in Microsoft office products such as Word, PowerPoint, Excel and Outlook

Preferred Experience:

• Has been included in presentations to company leaders or external customers
• History of working on complex, mathematically oriented projects

Education: Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics & Business, or related fields.

How we support our colleagues:

In 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, 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.

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. People with criminal histories are encouraged to apply.

We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application and interview process.

Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

Pay Transparency Laws:

The salary range for this position (intended for U.S. applicants) is $94,000 to $125,000 annually. The actual salary will vary based on applicant’s education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant’s geographic location.

This position is eligible to participate in one of Aon’s annual incentive plans to receive an annual discretionary bonus in addition to base salary. The amount of any bonus varies and is subject to the terms and conditions of the applicable incentive plan.

A summary of all the benefits offered for this position:

Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: a 401(k) savings plan with employer contributions; an employee stock purchase plan; consideration for long-term incentive awards at Aon’s discretion; medical, dental and vision insurance; various types of leaves of absence; paid time off, including 12 paid holidays throughout the calendar year; 15 days of paid vacation per year; paid sick leave as provided under state and local paid sick leave laws; short-term disability and optional long-term disability; health savings account; health care and dependent care reimbursement accounts; employee and dependent life insurance and supplemental life and AD&D insurance; optional personal insurance policies; adoption assistance; tuition assistance; commuter benefits; and an employee assistance program that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.