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Retirement Actuarial ConsultantLocation: Irvine, CAAon 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.What the day will look like:<ul><li>Delegate and coach more junior colleagues</li><li>Review work for both accuracy and reasonability</li><li>Provide technical leadership to clients and play a significant role in client meetings</li><li>Communicate on technical topics with clients</li><li>Be proactive in initiating and leading discussions</li><li>Master basic technical concepts and apply them to broader assignments</li></ul>How this opportunity is different:Successful candidates will focus primarily on working with new and existing clients on actuarial strategy for pension plans and broader consulting on retirement plans.Colleagues in this role are expected to lead key client relationships and maintain leadership of a strong local client team located in Irvine, CA.Candidates are expected to have a strong background in technical aspects of pension and retiree medical valuations and experience working in strategic project areas, including settlements, plan design, funding strategy, and pension de-risking.Skills and experience that will lead to success:<ul><li>5+ years of retirement actuarial work experience</li><li>Significant experience and expertise with pension and retiree medical plans</li><li>ASA, FSA, or EA Credentials; will consider candidates in the exam process</li><li>Ability to work under pressure of fixed deadlines</li><li>Bachelor's Degree in Actuarial Science, Mathematics, or equivalent years of industry experience</li></ul>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.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, recognizing that flexibility goes beyond just the place of work.Our continuous learning culture inspires and equips you to learn, share, and grow, helping you achieve your fullest potential.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, or domestic partner status.We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application and interview process.Pay Transparency Laws:The salary range for this position intended for U.S. applicants is $115k-$125k annually. The actual salary will vary based on the applicant’s education, experience, skills, and abilities, as well as internal equity and alignment with market data.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.Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including a 401(k) savings plan with employer contributions, medical, dental, and vision insurance, paid time off, and an employee assistance program that includes free counseling sessions.

Health Solutions Actuarial Vice PresidentLocation: Irvine, CaliforniaAon 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. 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:<ul><li>Lead actuary on client teams, leading actuarial projects and client relationships</li><li>Influence clients' overall strategic and financial direction in benefits; frame results in the context of the marketplace</li><li>Project savings/costs related to health benefits and applicable changes</li><li>Mentor and leverage work to less experienced actuaries</li><li>Review health care budgets and contribution setting</li><li>Make statements of actuarial opinion and lead analysis behind them; directly responsible for all actuarial deliverables</li><li>Communicate actuarial results to clients; lead all financial meetings, explaining actuarial results and potential alternatives</li><li>Assist in benchmarking discussions with clients, including strategy evolution as a result of benchmarking data</li><li>Perform IBNP reserve development</li><li>Review models to evaluate cost-saving scenarios</li><li>Seek and provide peer review to ensure high quality client deliverables</li><li>Develop general consulting skills, knowledge, and exposure</li></ul>How this opportunity is different:Your role will include participating in client account management, allowing you to build and manage strong and sustainable relationships with clients. It will require you to respond to the needs and objectives of leadership of Aon’s insurance and reinsurance practices.This role is for an individual with a strong analytics background who is interested in actuarial and strategic consulting.Required Experience:<ul><li>FSA/ASA (Fellow of the Society of Actuaries or Associate of the Society of Actuaries) designation required</li><li>Health and welfare consulting experience: 10+ years of industry experience (carrier or health care consulting)</li><li>Project/client/financial management experience</li><li>Broad business knowledge/perspective</li><li>Business development experience, including competitor and market knowledge a plus</li><li>Bachelor’s degree</li></ul>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. We offer a variety of working style solutions, recognizing that flexibility goes beyond just the place of work.Our continuous learning culture inspires and equips you to learn, share, and grow, helping you achieve your fullest potential. 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 and interview process.Pay Transparency Laws:The salary range for this position intended for U.S. applicants is $140k-$186k 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.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.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; 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; short-term disability and optional long-term disability; health savings account; health care and dependent care reimbursement accounts; employee and dependent life 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.

Job DescriptionCandidates in any of the following locations will be considered: Los Angeles, CA & San Francisco, CA. As a Healthcare Financial/Actuarial Analyst, you will support a wide variety of projects involving the design, funding, and measurement and financial analysis of the full spectrum of employer health and welfare benefit programs including medical, dental, life, disability, voluntary benefits, etc.You will interface with client teams, contribute to analyses and client deliverables, and ensure quality standards are met. You will have the opportunity to significantly grow your health and benefits business acumen as well as your financial, project management, and communication skills by working on cutting-edge projects alongside leaders in the industry.<ul><li>With clear guidance and direction, play an active support role in multiple client teams developing financial analyses, outputs, and client deliverables across a regional team.</li><li>Develop working proficiency of core financial, actuarial, and analytics theories, models, and tools.</li><li>Support accurate and reliable claim reporting and financial modeling to guide client decisions.</li><li>Develop basic knowledge of all broad-based benefit programs (e.g., health care, pharmacy, wellbeing, life, disability, voluntary benefits, etc.)</li><li>Assist with financial modeling of benefit plan designs, cost avoidance/funding strategies, and budget projections and rate/contribution development with clear guidance and direction.</li><li>Take responsibility for execution of specific tasks that contribute to financial/actuarial deliverables for clients, with guidance and adherence to stated deadlines.</li><li>Partner with Global Delivery Centers and Client Service teams to deliver superior project management.</li><li>Build strong relationships internally and collaborate effectively on cross-functional teams.</li></ul>Qualifications<ul><li>1+ year work experience in professional services, ideally gained in a benefit consulting/brokerage firm or health underwriting/actuarial function of an insurance company.</li><li>Basic knowledge of some health and welfare products & services.</li><li>Strong data management, math, and/or analytics capabilities.</li><li>Ability to identify inconsistencies in data.</li><li>Proven ability to manage multiple projects simultaneously.</li><li>Strong client service orientation (internal and external).</li><li>Ability to identify and resolve issues.</li><li>Strong written and verbal communication skills.</li><li>Self-starter attitude and ability to work independently and as part of a team.</li><li>Excellent Microsoft Office skills, particularly in Excel and PowerPoint.</li><li>State Life and Health license required within 90 days of joining.</li><li>Relevant financial experience and/or university degree.</li><li>Progress towards completion of health actuarial designation or CEBS designation (optional).</li></ul>Compensation and BenefitsThe base salary compensation range being offered for this role is $60,000 - $75,000 USD per year. This role is also eligible for an annual short-term incentive bonus.Company Benefits<ul><li>Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program).</li><li>Leave Benefits: Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off (Washington State only).</li><li>Retirement Benefits: Contributory Pension Plan and Savings Plan (401k).</li></ul>At WTW, we trust you to know your work and the people, tools, and environment you need to be successful. The majority of our colleagues work in a "hybrid" style, with a mix of remote, in-person, and in-office interactions dependent on the needs of the team, role, and clients. Our flexibility is rooted in trust and "hybrid" is not a one-size-fits-all solution. We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.

The Employee Benefits Consulting PracticeThe Employee Benefits Consulting Practice offers excellent retirement, health, compensation, and investment consulting services to our clients. We are currently seeking an Actuarial Analyst with 0-2 years of relevant experience with at least one SOA exam success. Our principal values form the foundation of our truly distinctive student program. The Milliman culture provides motivated students with the necessary means to build a successful actuarial career.Who We AreIndependent for over 75 years, Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world’s most critical and complex issues, including retirement funding and healthcare financing, risk management, and regulatory compliance, data analytics, and business transformation.Milliman invests in skills training and career development and gives all employees access to a variety of learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERG’s) are employee-led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents. We encourage our employees to give back to their varied professions, including leadership in professional organizations.What You Will DoThis entry-level position provides support and assistance to actuarial consultants. This includes measuring pension liabilities and annual costs, studying the effects of changes in the design of employee benefit plans, and communicating results.<ul><li>Prepare basic actuarial calculations, government form filings, and other client deliverables.</li><li>Obtain data from clients and respond to client requests for information, explanations, and answers related questions.</li><li>Reconciling claims data, projecting future costs, claims reserve calculations, pricing plan design changes, and supporting postretirement health valuations.</li><li>Provide analysis and assistance on projects as assigned.</li><li>Supporting more senior staff in a wide range of strategic projects</li></ul>What We Are Looking ForBA or BS in Mathematics or related field<ul><li>0 - 2 years relevant experience with at least one Society of Actuaries exam success (two preferred)</li><li>actively pursuing SOA exams towards Actuarial certification</li><li>excellent computer and technical skills</li><li>strong communication skills</li><li>ability to handle multiple projects at the same time</li><li>ability to work on detailed spreadsheets and other business software programs</li><li>ability to work in a team environment</li></ul>The TeamThe EB Consulting practice provides actuarial and other consulting services for multiple industries, for actives and retirees and for Corporate, Public and Multiemployer Plans. This practice works with several key types of clients organized into the following seven lines of business:<ul><li>Corporate Pension Plans</li><li>Multiemployer Pension Plans</li><li>Public Pension Plans</li><li>Other Postretirement Benefit Plans (Corporate, Multiemployer, and Public combined)</li><li>Health and Group Benefits (Corporate, Multiemployer, and Public combined)</li><li>Compensation and Benefits Surveys</li><li>Investments</li></ul>LocationThis position is based out of one of Milliman’s office locations listed. Candidates hired into this role must be willing to work onsite on a weekly basis, but flexible work arrangements will be considered. Relocation expenses for applicants offered the position will not be paid by Milliman.CompensationThe salary range is $56,000 to $117,000, depending on a combination of factors, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, location, etc.BenefitsAt Milliman, we focus on creating an environment that recognizes – and meets – the personal and professional needs of the individual and their family. We offer competitive benefits which include the following based on plan eligibility:<ul><li>Medical, dental, and vision coverage for employees and their dependents, including domestic partners</li><li>A 401(k) plan with matching program, and profit-sharing contribution</li><li>Employee Assistance Program (EAP)</li><li>A discretionary bonus program</li><li>Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason; full-time employees will accrue 15 days of PTO per year, and employees working less than a full-time schedule will accrue PTO at a prorated amount based on hours worked</li><li>Family building benefits, including adoption and fertility assistance and paid parental leave up to 12 weeks for employees who have worked for Milliman for at least 12 months and have worked at least 1,250 hours in the preceding 12-month period</li><li>A minimum of 8 paid holidays</li><li>Milliman covers 100% of the premiums for life insurance, AD&amp;D, and both short-term and long-term disability coverage</li><li>Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation, and applicable medical needs</li></ul>All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.Equal Opportunity Employer/Protected Veterans/Individuals with DisabilitiesThe contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

Mangers in this role will work as a leader or more senior member of several project teams supporting clients on a wide variety of engagements covering topics such as financial modeling, financial reporting, mergers and acquisitions, regulatory issues, litigation, pricing, and product development.Our clients demand leading edge products and expertise, and as a manager with our firm, you can expect to gain tremendous exposure to all facets of life insurance operations. This position comes with significant upwards potential for a successful and motivated candidate.The Role<ul><li>Lead small projects and play a senior role in larger projects to meet client engagement objectives</li><li>Manage and direct more junior colleagues that perform analysis and develop tools, ensuring a high quality work product has been prepared and will be delivered to the project manager or client</li><li>Share knowledge and experience with other colleagues</li><li>Mentor junior colleagues</li><li>Work collaboratively with others on a project team</li><li>Review peer work product as a quality control measure</li><li>Play a key role in client correspondence in both written and verbal format</li><li>Play a lead role in preparing for meetings and interactions with clients, manage expections of the project manager and raise appropriate issues to Client Relationship Managers</li><li>Contribute to development of intellectual capital that leads to our service offerings such as Predictive Analytics, Financial Modeling, Experience Analysis, Regulation Changes among others</li><li>Support revenue generation for the firm by meeting billable hour expectations and assisting in the sales process</li><li>Make continuous progress on the SOA exam curriculum toward an FSA designation, utilizing a competitive student program or complete CE requirements to maintain SOA credentials depending on exam status</li></ul>Qualifications<ul><li>At least 5 years of experience in an actuarial role at a life insurance company, consulting firm, or financial services organization</li><li>Strong technical skills, preferably in at least one of: Microsoft Excel with VBA, SQL, or R</li><li>Expertise to actuarial software (GGY AXIS, Risk Agility, MG-ALFA, Moses, Prophet, and/or Polysystems) is a plus</li><li>Expertise in at least one specific life insurance and/or annuity product line</li><li>Expertise in at least one of the following functional areas as applied to the life insurance industry: predictive analytics / data science, experience studies, financial reporting, financial modeling, mergers &amp; acquisitions, and product development / pricing.</li><li>Motivated, independent learner willing to share their knowledge with others</li><li>Ability to work collaboratively as part of a local team and within teams across multiple offices</li><li>Ability to direct work involving technical issues and requiring problem solving skills</li><li>Ability to effectively assist junior colleagues</li><li>Ability to explain the big picture as to why an assignment needs to be performed, how it fits in to the final objective and ensure that tasks performed are directly linked to client objectives</li><li>Ability to balance supporting and leading multiple projects with multiple clients, including timely communication of project and deliverable status</li><li>Flexibility to put in extra effort to meet client deadlines when necessary</li><li>Strong oral and written communication skills to explain work product, findings, and recommendations to junior colleagues, peers, and clients</li><li>FSA preferred</li></ul>Compensation and BenefitsBase salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).CompensationThe base salary compensation range being offered for this role is $120,000-$190,000 USD.This role is also eligible for an annual short-term incentive bonus.Company BenefitsWTW provides a competitive benefit package which includes the following (eligibility requirements apply):Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&amp;D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)Leave Benefits: Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave) Paid Time Off (Washington State only)Retirement Benefits: Contributory Pension Plan and Savings Plan (401k). Certain senior level roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.

The RoleIn this exciting role as a Technical Leader within the Actuarial Delivery Group (ADG), you will apply your technical and project management skills in the areas of retirement plan valuations, design, compliance, and risk and financial management for all types of retirement plans including defined benefit, defined contribution, and retiree medical. Given the size and complexity of our client portfolio, you will have the opportunity to support diverse projects that help organizations align their retirement programs to their company objectives.In this role at WTW, you will:<ul><li>Perform technical review of work products and assume significant responsibility for quality assurance</li><li>Serve as a subject matter expert and provide value-added insights on retirement plan valuations, welfare plan valuations and special projects</li><li>May serve as day-to-day project lead, ensuring progress of the team against established objectives, budget, timeline, deliverables, and quality standards</li><li>Contribute to special projects such as plan design, asset/liability modelling, retirement plan risk assessment and mitigation, due diligence for mergers and acquisitions, collective bargaining agreements, global consulting, strategic workplace planning, total rewards strategies, and others</li><li>Contribute to the development of new tools and approaches</li><li>Identify opportunities to enhance quality and/or improve processes to reduce costs</li><li>Serve as a mentor or technical resource to more junior colleagues</li><li>Complete work in accordance with applicable ERISA, FASB, GASB, Department of Labor, Pension Protection Act and other Government regulations</li></ul>The Requirements<ul><li>5+ years defined benefit pension experience performing core actuarial work</li><li>Bachelor’s degree required, with heavy quantitative emphasis such as majors in mathematics, statistics or actuarial science</li><li>In-depth understanding of the funding of and accounting for defined benefit plans. Additional knowledge of other postretirement benefits is preferred</li><li>Proven ability to understand complex valuation systems and provide a detailed technical review of work projects</li><li>Excellent oral and written communication skills</li><li>Expert Microsoft Office skills, particularly in Excel</li></ul>Compensation and BenefitsBase salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that base salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).CompensationThe base salary compensation range being offered for this role is $75,000 – $120,000 USD. This role is also eligible for an annual short-term incentive bonus.Company BenefitsWTW provides a competitive benefit package which includes the following (eligibility requirements apply):Health and Welfare Benefits:Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&amp;D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)Leave Benefits:Paid Holidays, Annual Paid Time Off (includes paid state /local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave)Retirement Benefits:Contributory pension plan and Savings Plan (401k). Certain senior level roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.

Aon Is Looking for Actuarial Interns &ndash; Availability NationwideAre 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!The target salary range for this position is $22 to $28 per hour. The actual salary will vary based on applicant&rsquo;s education, experience, skills, abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant&rsquo;s geographic location.This is a hybrid role with the flexibility to work both from home and your aligned office.Aon is in the business of better decisionsAt 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 likeAon has four exciting paths to choose from, and each is a one-of-a-kind opportunity waiting to be seized!Retirement ConsultingPension and other retirement plans have enormous financial implications for employers. Actuaries within Retirement Consulting work directly with our clients&rsquo; 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 &ldquo;valuations.&rdquo; 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:<ul><li>Projections (both stochastic and deterministic) of long-term financial information for pension and other post-retirement benefit plans</li><li>Coordination of asset-liability analysis and other studies with investment consultants</li><li>Merger and acquisition &ldquo;due diligence&rdquo; and related activities</li><li>Design and costing of new retirement programs.</li><li>Programming innovative pension administration systems</li><li>Pension benefit calculations for participants</li><li>Union negotiation support and analysis</li><li>Quantitative comparison of comprehensive employee benefit programs for groups of employers</li></ul>Health and Benefits Consulting (H&amp;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&amp;B actuaries bring to this process are critical to our H&amp;B consulting. Additional activities include:<ul><li>Evaluate plan design and costs relative to various measures and benchmarks with reporting to clients</li><li>Health care budget rate-setting for self-insured plans including the analysis of medical and prescription drug network changes</li><li>Employee contribution rate development and scenario analysis</li><li>Analyze insured plan renewals for appropriateness and carrier bid financial evaluations</li><li>Retiree medical and disability plan valuations</li></ul>Risk ConsultingAon Global Risk Consulting (AGRC) Actuarial &amp; 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&amp;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.

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!The target salary range for this position is $59,500 to $71,500 annually. The actual salary will vary based on applicant&rsquo;s education, experience, skills, abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant&rsquo;s geographic location.This is a hybrid role with the flexibility to work both from home and your aligned office.Aon is in the business of better decisionsAt 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 likeAon has four exciting paths to choose from, and each is a one-of-a-kind opportunity waiting to be seized!Retirement ConsultingPension and other retirement plans have enormous financial implications for employers. Actuaries within Retirement Consulting work directly with our clients&rsquo; 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 &ldquo;valuations.&rdquo; 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:<ul><li>Projections (both stochastic and deterministic) of long-term financial information for pension and other post-retirement benefit plans</li><li>Coordination of asset-liability analysis and other studies with investment consultants</li><li>Merger and acquisition &ldquo;due diligence&rdquo; and related activities</li><li>Design and costing of new retirement programs.</li><li>Programming innovative pension administration systems</li><li>Pension benefit calculations for participants</li><li>Union negotiation support and analysis</li><li>Quantitative comparison of comprehensive employee benefit programs for groups of employers</li></ul>Health and Benefits Consulting (H&amp;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&amp;B actuaries bring to this process are critical to our H&amp;B consulting. Additional activities include:<ul><li>Evaluate plan design and costs relative to various measures and benchmarks with reporting to clients</li><li>Health care budget rate-setting for self-insured plans including the analysis of medical and prescription drug network changes</li><li>Employee contribution rate development and scenario analysis</li><li>Analyze insured plan renewals for appropriateness and carrier bid financial evaluations</li><li>Retiree medical and disability plan valuations</li></ul>Risk ConsultingAon Global Risk Consulting (AGRC) Actuarial &amp; 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&amp;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:<ul><li>Support analytical work including data management, loss forecasting, accruals, self-insurance analysis and cash flow analysis</li><li>Collect, organize and analyze data, in support of existing brokerage business and proposal development</li><li>Prepare and maintain effective documentation of all client correspondence</li><li>Apply existing approaches to processes to specific client assignments, alerting AGRC service team to deficiencies in data, results or processes</li><li>Contribute to the enhancement of overall assignment results by improving specific operational procedures</li><li>Complete routine client service tasks efficiently, delivering products and services, accurately and on time, by applying Aon protocols</li></ul>Reinsurance Actuarial ConsultingUnprecedented volatility is creating new risks and opportunities for organizations across the global economy. We provide risk transfer, claims advocacy and capitalmanagement 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&rsquo;s tools and approach, contribute to their development and present Aon&rsquo;s solutions and services to our clients. Secondary role is to assist in pricing parameter updates and market research. Additional activities include:<ul><li>Work with colleagues (brokers, analytics and others) to identify and respond to client needs and develop additional opportunities related to products and services</li><li>Inventory and manage data related to analysis of reinsurance transactions</li><li>Analyze the costs and benefits of risk transferred under reinsurance agreements via pricing analysis and dynamic risk modeling with limited guidance</li><li>Understand reinsurance contracts and products (terminology, terms and conditions)</li><li>Prepare client-ready presentations to communicate analysis results to brokers and clients</li><li>Manage workflow proactively</li></ul>Skills and experience that will lead to successWe 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: <ul><li>Relevant work or internship experience.</li><li>Involvement in extracurricular activities.</li><li>Proficiency in Microsoft office products such as Word, PowerPoint, Excel and Outlook is required. </li><li>Outstanding quantitative and analytical skills</li><li>Strong written and verbal communication skills</li><li>Enjoy working on complex, mathematically-oriented projects.</li></ul>Education:<ul><li>Bachelor’s Degree in Actuarial Science, Statistics, or related</li><li>Have passed at least one actuarial exam, preferred</li><li>If you graduate between December 2023 and June 2024 with a GPA of 3.0+,this opportunity is for you!</li></ul>

Who We AreMilliman is one of the leading experts in healthcare financing and delivery. We advise clients on a wide range of issues—from assessing the impact of healthcare reform on organizations or populations to streamlining operations while advancing the quality of patient care. Our consulting work is supported by a powerful toolkit of data analytics solutions and informed by the most trusted, comprehensive set of cost guidelines in the industry.The TeamWithin a project team, consultants, managers, and analysts coordinate their efforts to deliver client reports and deliverables. Consultants are responsible for building relationships with clients, directing projects, and presenting results. Project managers work directly with analysts by reviewing work, answering questions, and developing client correspondence. Analysts are responsible for the majority of the technical work, which may include analyzing data, completing actuarial calculations, developing and utilizing actuarial models, and implementing software solutions.Job Responsibilities<ul><li>Responsible for building relationships with clients, directing projects, and presenting results to the client and answering their questions.</li><li>Develop a successful client base through networking, writing articles, speaking engagements, and other marketing methods.</li><li>Help identify the issues clients are facing and the resources needed to solve problems.</li><li>Plan projects, identify project deliverables, meet deadlines, and ensure compliance with quality procedures.</li></ul>Minimum requirements<ul><li>Bachelor’s or master’s degree in a quantitative field</li><li>Fellow in the Society of Actuaries (FSA)</li><li>9+ years in health actuarial experience at a consulting firm or health insurance company is required</li><li>Thorough understanding of Microsoft Excel and actuarial concepts</li><li>Experience mentoring staff and managing projects</li></ul>Competencies and Behaviors that Support Success in this Role<ul><li>Experience with Medicare Part D plan sponsor, including bid preparation and financial analysis</li><li>Experience interacting with pharmaceutical manufacturers and or pharmacy chains</li><li>Experience with analysis of CMS 100% Research Identifiable Files (RIF)</li><li>Strong time management skills, ability to work independently and with a team, and organizational expertise</li><li>Client focused and results oriented</li><li>Strong communication skills (both verbal and written), and analytical thinking skills to evaluate analyses for communication to clients</li><li>Self-motivated, creative, and resourceful</li><li>National PDP experience</li><li>Expertise in Medicare Part D pharmacy network and rebate contracting analytics and negotiations</li></ul>Salary:For this position, we are offering $140,000 to $230,000 annually, depending on relevant factors, including but not limited to education, work experience, certifications, location, etc.Location: It is preferred that candidates work on-site at our Chicago, IL, Milwaukee, WI, or Hartford, CT office. Remote candidates will be considered.Milliman BenefitsWe offer competitive benefits which include the following based on plan eligibility:<ul><li>Medical, dental and vision coverage for employees and their dependents, including domestic partners</li><li>A 401(k) plan with matching program, and profit sharing contribution</li><li>Employee Assistance Program (EAP)</li><li>A discretionary bonus program</li><li>Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason; full-time employees will accrue</li><li>15 days of PTO per year, and employees working less than a full-time schedule will accrue PTO at a prorated amount based on hours worked</li><li>Family building benefits, including adoption and fertility assistance and paid parental leave up to 12 weeks for employees who have worked for Milliman for at least 12 months and have worked at least 1,250 hours in the preceding 12-month period</li><li>A minimum of 8 paid holidays</li><li>Milliman covers 100% of the premiums for life insurance, AD&amp;D, and both short-term and long-term disability coverage</li><li>Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation, and applicable medical needs</li></ul>All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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