Health And Benefits Senior Consultant Actuary (North East Location) Job Details

Position

Aon Hewitt is seeking an experienced Health & Benefits Senior Consultant Actuary to join the practice in the Northeast. Location can be flexible with New York or Philadelphia being the preferred location.

Responsibilities:

• Assist in strategy development and costing of scenarios related to strategy discussions
• Work with client to identify relevant cost measures
• Assist in benchmarking discussions with clients, including strategy evolution as a result of benchmarking data
• Understand and project savings/costs related to plan design or provider network changes
• Set, and where appropriate review, health care budget rate for self-insured plans; present results to client
• Review employee contribution rate development; present results to client
• Interact with HRO regarding rates and contributions
• Support RFM with FAS 106/112 claim cost development assignments
• Perform IBNP reserve development
• Develop models to evaluate cost-saving scenarios
• Mentor and delegate work to other actuarial students as appropriate
• Seek and provide peer review to ensure high quality client deliverables
• Develop general consulting skills, knowledge, and exposure
• Value retiree plans for the purpose of complying with Medicare Part D regulations, including calculating
• Medicare Part D Subsidy and Actuarial Attestation
  
  

Requirements and Skills

Bachelors degree in Actuarial Science, Mathematics or Statistics, or related fields

• Near ASA to FSA
• 3-10 years actuarial work experience

About AonHewitt

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.

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 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.