at AON in Lincolnshire, Illinois, United States
Job Description
Aon Is Looking for Actuarial Interns With Prior Experience
Lincolnshire, IL Are you intellectually curious with a passion for solving problems? Do you enjoy a flexible and collaborative, team-based environment where you are always learning and growing? If yes, Aon is the place for you! This is a hybrid role with the flexibility to work both from home and your aligned office. The expectation is that at least 50% of work would be completed from the Lincolnshire, IL office. 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. Retirement Consulting 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. You will have the opportunity to work on a variety of assignments during your internship. Some of the most important projects that retirement actuarial consultants work on are the annual pension “valuations.” Each year, actuaries collect census data from the clients and perform the annual valuation. With the results of these valuations, we help our clients assess the ongoing financial health of their pension plans. Additional activities include:+ Projections (both stochastic and deterministic) of long-term financial information for pension and other post-retirement benefit plans
+ Coordination of asset-liability analysis and other studies with investment consultants
+ Merger and acquisition “due diligence” and related activities
+ Design and costing of new retirement programs.
+ Programming innovative pension administration systems
+ Pension benefit calculations for participants
+ Union negotiation support and analysis
+ Quantitative comparison of comprehensive employee benefit programs for groups of employers
How this opportunity is different+ Interns within Aon will gain valuable experience assisting our teams supporting both client and internal projects. Interns will work with a cross-functional team to gain visibility and experience across a broad segment of clients.
+ Four-Month Paid Program
+ Challenging Work on Significant Client Projects
+ One on One Internship Mentoring
+ Formal and Informal Feedback Throughout the Program
+ Significant on the job training and firsthand experience
+ Participation in formal training program taught by Aon’s Industry professionals
Skills and experience that will lead to success Collaborators, Critical Thinkers, Problem Solvers, Team Players, Effective Communicators, Relationship Builders and Future Leaders. We aim to recruit a diverse group of professionals who offer varying experiences, backgrounds and strengths to ensure we can continue to offer the most innovative solutions to our clients. Additionally, we take into consideration the following:+ Relevant work or internship experience.
+ Involvement in extracurricular activities.
+ Proficiency in Microsoft office products such as Word, PowerPoint, Excel and Outlook is required.
+ Outstanding quantitative and analytical skills
+ Strong written and verbal communication skills
+ Enjoy working on complex, mathematically-oriented projects
If you have three or more years of prior experience in the actuarial field, this opportunity is for you! Please note: we do not offer sponsorship for this role. What sets our Internship Program Apart from the rest? Explore Aon’s culture and businesses, developing practical skills necessary for future success and postgraduate opportunities. Engage in weekly spotlights, community outreach events, and networking opportunities with peers, fostering an understanding of exceeding client expectations and delivering distinct products and services. Development Planning: Participate in a comprehensive Development Plan that includes understanding Aon’s functions, ethical standards, professional work environment training, networking opportunities, learning internal systems, and honing interpersonal and team-building skills through networking events. Future Opportunities: The Aon Internship Program offers significant exposure to Aon, preparing interns for post-graduate career opportunities. Exceptional interns may receive offers to join Aon’s Launch Program, an Early Career Development opportunity. How we support our colleagues In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive 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, but we also recognize that flexibility goes beyond just the place of work… and we are all for it. We call this Smart Working! 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, diverse 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. 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 ReasonableAccommodations@Aon.com Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. Pay Transparency Laws: The salary range for this position (intended for U.S. applicants) is $23.50 to $35.50 per hour. 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. Aon offers a benefits package for temporary and seasonal employees who will work 20 or more hours per week including: medical, dental, and vision insurance at the employee’s expense, critical illness insurance, 10 Company holidays per calendar year (paid, if eligible), paid sick leave as provided under state and local law, and a 401(k) savings plan with employer contributions. Eligibility for benefits are governed by the applicable plan documents and policies. 2546788 Aon Is Looking for Actuarial Interns With Prior Experience Lincolnshire, IL Are you intellectually curious with a passion for solving problems? Do you enjoy a flexible and collaborative, team-based environment where you are always learning and growing? If yes, Aon is the place for you! This is a hybrid role with the flexibility to work both from home and your aligned office. The expectation is that at least 50% of work would be completed from the Lincolnshire, IL office. 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