Benefit Experience Actuarial Sr. Consultant/AVP

Aon Corporation; Chicago (IL); On-site; USD 175,000 - 215,000; Full time

Benefits offered by this job

401(k) savings plan

Employee stock purchase plan

Health, dental, and vision insurance

Job summary

Aon Corporation is seeking a Health Solutions Actuarial Vice President in Chicago, IL. This role involves leading actuarial projects, managing client relationships, mentoring teams, and conducting financial modeling. Candidates should possess an FSA/ASA designation and have 10+ years of consulting experience. The position offers a hybrid work model with a salary range of $175,000-$215,000 annually. A comprehensive benefits package is provided to support work/life balance.

Qualifications

• FSA/ASA designation required.
• 10+ years of industry experience in carrier or health care consulting.
• Broad business knowledge and perspective.

Responsibilities

• Lead consulting actuary on client teams.
• Mentor less experienced actuaries.
• Lead data collection and financial modeling tasks.
• Communicate actuarial results to clients.

Skills

Health and welfare consulting experience

Project/client/financial management experience

Business development experience

Education

Bachelor’s degree

Job description

Health Solutions Actuarial Vice President

As part of an industry-leading team, you will help empower results for our clients by delivering Aon’s Benefit Experience solution within Aon’s Health Solutions vertical. Your role will include participating in prospect bid and client account management, allowing you build and manage strong and sustainable relationships with clients, and will require you to respond to the needs and objectives of large market employer health benefit plans. The role is for an individual with a strong analytics background who is interested in actuarial and strategic consulting.

This is a hybrid role with the flexibility to work both virtually and from our Chicago, IL offices. Although we would prefer candidates to work in a hybrid work environment, we are willing to consider a virtual work enviornment for a strong candidate.

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 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:

• Lead consulting actuary on client team, leading actuarial projects and client relationship
• Project savings/costs related to Aon’s Benefit Experience
• Mentor and leverage work to less experienced actuaries, including prioritization
• Lead data collection and review: feasibility studies; annual RFP process
• Financial modeling (including quality review) of medical and dental quoted rates vs. self-insured projections
• Lead initial bid analysis (including actuarial value modeling) to assist with the negotiation process
• Defined Contribution modeling
• Implementation support to benefits administration teams
• Participation in Health & Benefits practice sponsored and external training, to grow consulting acumen
• Ability to work in a fast-paced environment that requires keeping up with multiple deadlines at the same time
• Make statements of actuarial opinion and lead analysis behind them; directly responsible for all actuarial deliverables
• Communicate actuarial results to clients; lead/support all financial meetings, explaining actuarial results and potential alternatives
• Seek and provide peer review to ensure high quality client deliverables; including checking for reasonableness of assumptions and results
• Develop general consulting skills, knowledge, and exposure
• Manages priorities, communicates potential delays, and delivers results on time
• Proactively accepts new projects when they become available
• Effectively communicates project results
• Manages priorities, communicates potential delays, and delivers results on time
• Proactively accepts new projects when they become available

Required Experience:

• FSA/ASA (Fellow of the Society of Actuaries or Associate of the Society of Actuaries) designation required
• Health and welfare consulting experience: 10+ years of industry experience (carrier or health care consulting)
• Project/client/financial management experience
• Broad business knowledge/perspective
• Business development experience, including competitor and market knowledge a plus

Education

• Bachelor’s degree

Pay Transparency Laws:

The salary range for this position intended for U.S. applicants is $175,000-$215,000 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. The salary may also be adjusted based on applicant’s geographic location. The salary range reflected is based on a primary work location of State/Region. The actual salary may vary for applicants in a different geographic location.

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.

How we support our colleagues

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; consideration for long-term incentive awards at Aon’s discretion; 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 as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D 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.

In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile 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 for our colleagues as well.

Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

Aon values an innovative and inclusive 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. People with criminal histories are encouraged to apply.

We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email [e-mail]

For positions in San Francisco and Los Angeles, we will consider for employment qualified applicants with arrest and conviction record in accordance with local Fair Chance ordinances.

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

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RID 2579140