Retirement Actuarial Advanced Associate

AON; Burlington (MA); On-site; USD 110,000 - 130,000; Full time

Benefits offered by this job

401(k) savings plan with employer contributions

Medical, dental and vision insurance

15 days of paid vacation per year

Tuition assistance

Employee assistance program

Job summary

AON is seeking a Retirement Senior Actuarial Associate in Burlington, MA. This role involves managing various client projects, preparing financial assessments related to pension plans, and maintaining relationships with higher-level client contacts.

To be successful, candidates should have over 4 years of actuarial experience, have passed multiple actuarial exams, and have a strong grasp of funding and accounting calculations. The position offers a competitive salary and comprehensive benefits.

Qualifications

• 4+ years of actuarial work experience required.
• Completion of 5-6 actuarial exams is necessary.
• Advanced knowledge with funding and accounting calculations.

Responsibilities

• Pass actuarial exams with minimal requirement of one course per year.
• Manage various projects simultaneously with oversight.
• Prepare contribution requirements and accounting costs.

Skills

Actuarial experience

Client relationship management

Valuation programming

Education

Bachelor's Degree in Actuarial Science, Mathematics, Economics or Statistics

Tools

ProVal system

Job description

Retirement Senior Actuarial Associate

Location: Burlington, MA

Pension and other retirement plans have enormous financial implications for employers. Actuaries within Retirement Consulting work directly with our clients’ management teams to assess the short and long-term costs associated with these commitments.

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 team and we are passionate about helping our colleagues and clients succeed.

What the Day Will Look Like

• Pass actuarial exams (minimal requirement of one course per year)
• Maintain some, and developing other, relationships with higher-level client contacts
• Manage various projects simultaneously, with some oversight
• Complete significant amount of work through others (i.e. delegation)
• Play active role in client meetings
• Prepare contribution requirements and accounting costs, with little or no guidance
• Interpret valuation results and provide initial recommendations to lead actuary
• Review valuation results and explain outcomes to client
• Review pension benefit calculations
• Coach/train less experienced students
• Demonstrate flexibility to work additional hours when client needs dictate or take responsibility for finding resources to complete the assignment

You Bring Knowledge and Expertise

• 4+ years of actuarial work experience
• Completion of 5-6 actuarial exams
• Advanced knowledge with funding and accounting calculations

Skills and Experience that will lead to Success

• ASA or EA Designations (or close to).
• Valuation programming on ProVal system

Education

• Bachelors Degree in Actuarial Science, Mathematics, Economics or Statistics

Equal Opportunity Employment

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.

Pay Transparency Laws

The salary range for this position (intended for U.S. applicants) is $110,000-$130,000 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.

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.

A summary of all the benefits offered for this position

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.