Early Career Development Program - Health & Benefits Actuarial Analyst Job Details

Aon Hewitt Actuarial Analyst - Health & Benefits

COMPANY DESCRIPTION

Aon Corporation is the leading global provider of risk management services, insurance and reinsurance brokerage and human capital and management consulting. Our key advantage is our broad view of two of the most important issues in our economy today: risk and people. With an employee base of 59,000 people working in over 500 offices in more than 120 countries, we can anticipate how changes in one sector impact another.

With more than 70 years of experience, Aon Hewitt is the world's foremost provider of human resources outsourcing and consulting services. The firm consults with more than 2,300 companies and administers human resources, health care, payroll and retirement programs on behalf of more than 300 companies to millions of employees and retirees worldwide. Located in 120 countries, Aon Hewitt employs approximately 23,000 associates. For more information, please visit www.aon.com.

HEALTH AND BENEFITS CONSULTING

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.

Aon Hewitt health and benefits actuaries and consultants 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 health & benefits actuaries bring to this process are critical to our health & benefits consulting.

In addition to the strategy-setting process, health and benefits actuaries are often involved with the following projects which support our clients' annual and ongoing health management needs:

• Evaluation of 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 claims data.

• Identification of savings opportunities and financial modeling associated with plan design and provider network changes.

• Employee contribution rate development and scenario analysis.

• Analysis of insured plan renewals for appropriateness and carrier bid financial evaluations.

• Retiree medical and disability plan valuations.

EARLY CAREER DEVELOPMENT PROGRAM

Since launching in 2001, Aon's Early Career Development (ECD) Program has provided an unparalleled opportunity for college graduates at a company recognized as a global leader in risk solutions, reinsurance and human resources. Each year, Aon welcomes ECD participants as a national cohort of highly talented college recruits who begin their career with a 12-month formal training and development program.

ECD participants are positioned to tackle real business challenges in a collaborative environment under the mentorship of senior leaders. The ECD training curriculum prepares participants for success as they explore growth opportunities throughout the organization. Performance management touch points demonstrate Aon's commitment to coaching and developing future business leaders.

As an ECD participant, you will be aligned with a specific business unit and follow a distinct track development program while enjoying networking opportunities as part of a national group.

ACTUARIAL ANALYST JOB QUALIFICATIONS

We look for applicants who:

• Have outstanding quantitative and analytical skills;

• Have passed at least one actuarial exam;

• Have strong written and verbal communication skills;

• Enjoy working on complex, mathematically-oriented projects;

• Like working in a team environment;

• Graduate December 2011 - June 2012; and

• Have a 3.0 GPA or higher.

We are seeking self-motivated individuals who desire a challenge, who want to join a growing group of dedicated professionals, and who enjoy being part of a successful team effort. If you are such an individual, we invite you to discuss with us ways in which you can contribute to our growth.

Aon offers competitive compensation, exceptional benefits, continuing education & training, a unique internal advancement program, and tremendous potential with a growing worldwide organization.

Aon's professionals are unwavering in their client focus and integrity. We promote diversity, professional development, frugality and stewardship, applying a disciplined non-bureaucratic approach to help our clients realize their business potential. Drawing on our experienced team as a competitive advantage, Aon employees have the freedom to take risks, foster innovation, champion for change and replicate best practices.

For more information about Aon Corporation, visit our website at www.aon.com.

Aon is an equal opportunity employer committed to a diverse workforce. M/F/D/V