Health And Benefits Associate - Actuary (Somerset, NJ) Job Details

Aon Corporation (NYSE:AON) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital solutions and outsourcing. Through its more than 59,000 colleagues worldwide, Aon unites to deliver distinctive client value via innovative and effective risk management and workforce productivity solutions. Aon's industry-leading global resources and technical expertise are delivered locally in over 120 countries. Named the world's best broker by Euromoney magazine's 2008, 2009 and 2010 Insurance Survey, Aon also ranked highest on Business Insurance' s listing of the world's insurance brokers based on commercial retail, wholesale, reinsurance and personal lines brokerage revenues in 2008 and 2009. A.M. Best deemed Aon the number one insurance broker based on revenues in 2007, 2008 and 2009, and Aon was voted best insurance intermediary 2007-2010, best reinsurance intermediary 2006-2010, best captives manager 2009-2010, and best employee benefits consulting firm 2007-2009 by the readers of Business Insurance . Visit http://www.aon.com for more information on Aon and http://www.aon.com/unitedin2010 to learn about Aon's global partnership and shirt sponsorship with Manchester United.

We currently have an exciting career opportunity for a Health and Benefits Associate - Actuary in our Somerset, NJ office. This position will support Aon's Health and Benefits group.

JOB OVERVIEW

To assist account managers and consultants on assigned accounts and to manage key assignments for clients as assigned. To provide consultative and technical support to consulting staff in managing client projects.

DUTIES AND RESPONSIBILITIES

• Primary responsibilities of this position to include: Growth and maintenance of Aon Consulting's business by providing administrative and consultative support to account managers and consulting staff on client work relating to benefit plan review, design & strategy.
• In addition, provide assistance to account manager in such areas as marketing support, legal compliance, client service issues, and interaction with carriers.
• Possess a basic understanding of the H&B practice, and participates as needed on task forces and special project teams.
• Possess H&B expertise that is recognized by colleagues and clients.
• Specific areas of expertise needed for this position include but are not limited to (the following items will need to be tailored to specific position; could include such things as): RFP review & preparation; Analysis of utilization reports, carrier reports, and claims data and trends; Contract review and benefit comparisons; Customer service and client communications; Custom and ad hoc reporting; Proposal and report preparation and presentation; Introductory actuarial work including plan cost projections and liability estimation; Assist consulting team with client proposals, presentations, management reporting, and overall peer review of all work.
• Will provide a high level of a client service support and liaison with carriers and other data vendors. Interacts effectively with Aon Consulting team and client managers and works to understand clients' objectives and concerns.
• Manages client open items list and responds to client requests and ad-hoc reporting requests as needed. Maintenance of client information, (electronic) files, and carrier data.
• When applicable, may also need to work directly with client team to ensure that all work is performed effectively and correctly.

MINIMUM QAUALIFICATIONS

• 1-3 yrs. Group H&B Benefits experience, in analytic or actuarial role
• Develops and maintains an understanding of client needs and expectations;
• Responds quickly to client and colleague requests and works to provide timely and accurate information and documentation; Works with a high level of interest, energy and enthusiasm to meet or exceeds client expectations.
• Business Communication Ability to give non-technical explanations to technical matters;
• Prepares and presentation of clear, accurate & concise reports.
• Teamwork and Resource Management Understands and values all roles and functions needed in order to complete client projects and provide on-going service; Communicates and works well with colleagues at all levels and is viewed as a team player;
  Ethical Behavior Adheres to professional standards and ethics in one's field and demonstrates the highest level of integrity and honesty in all interactions;
• Is open and honest in communications with others and takes responsibility for own mistakes or customer service problems.
• Analytical Thinking Systematically tests and probes in order to eliminate potential problems.
• Is able to gain an accurate understanding of all the facts and the situation and quickly recognize when more information is needed.
• Project Management Establishes priorities for multiple tasks/projects based on timeliness, importance, and urgency of project completion.
• Ensures that all work obstacles are addressed so as to minimize wasted time and is able to reprioritize projects as required. Accepts the delegation of responsibilities from management team so as to ensure accurate and timely delivery of client materials.
  
  REQUIRED EDUCATION:
• Bachelor's degree (Actuarial Sciences, Mathematics or Statistics preferred) or equivalent work experience.
• Has passed 1-4 actuarial exams

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

All positions at Aon require an applicant who has accepted an offer to undergo a background check. The checks run are based on the nature of the position. Background checks may include some or all of the following: SSN/SIN validation, education verification, employment verification, criminal check, search against global sanctions and government watch lists, fingerprint verification, credit check, and/or drug test. By applying for a position with Aon, you understand that you will be required to undergo a background check should you be made an offer. You also understand that the offer is contingent upon successful completion of the background check and results consistent with Aon 's employment policies. You will be notified during the hiring process which checks are required by the position.

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 http://www.aon.com.

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

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