IND Analyst I (Retirement Actuarial)

Job Title: Analyst – Retirement Actuarial

Position Type: Full Time

Work Location: Gurugram, Noida

Working Style: Hybrid

Cab Facility: Yes

Shift Time: 12:00 pm – 9:00 pm

People Manager Role: No

Required Education and Certifications Critical for the Role:

• Graduate in Mathematics/Statistics/Economics (2024/2025 Batch Only)
• 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)
• Knowledge of CM1 is preferred

Required Years of Experience:

• Fresher to 12 months experience.

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 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 BUSINESS

As 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:

• 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.
• 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.
• 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.
• Collaboration: Work closely with other members of the retirement team, including actuaries, analysts, and consultants, to support the overall objectives of the team.
• Professional Development: Stay updated with the latest developments and best practices in the actuarial field, including attending seminars, workshops, and pursuing relevant professional certifications.

SKILLS/COMPETENCIES REQUIRED:

• Logical and problem-solving skills
• Proficiency in MS Office tools such as MS Excel and MS Word
• Strong analytical and mathematical skills, with a keen eye for detail
• Ability to communicate effectively with internal and external stakeholders
• Strong organizational skills to manage multiple projects and deadlines efficiently
• Ability to work in a team and collaborate effectively with colleagues from diverse backgrounds

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.