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Health and Benefits Actuarial Vice President

Location: Chicago IL, Bannockburn IL, Columbus Ohio, Cleveland Ohio, Minneapolis MN

Hybrid: 2-3 Days in the 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 team and we are passionate about helping our colleagues and clients succeed. 

What the Day will Look Like:

• Lead actuary on client teams, leading actuarial projects and client relationship
• Influence clients' overall strategic and financial direction in benefits; frame results in the context of the marketplace
• Project savings/costs related to health benefits and applicable changes
• Mentor and leverage work to less experienced actuaries
• Review health care budgets and contribution setting
• Make statements of actuarial opinion and lead analysis behind them; directly responsible for all actuarial deliverables
• Communicate actuarial results to clients; lead all financial meetings, explaining actuarial results and potential alternatives
• Assist in benchmarking discussions with clients, including strategy evolution as a result of benchmarking data
• Perform IBNP reserve development
• Review models to evaluate cost-saving scenarios
• Seek and provide peer review to ensure high quality client deliverables
• Develop general consulting skills, knowledge, and exposure

How this Opportunity is Different:

Your role will include participating in client account management, allow you build and manage strong and sustainable relationships with clients, and will require you to respond to the needs and objectives of leadership of Aon’s insurance and reinsurance practices. The role is for an individual with a strong analytics background who is interested in actuarial and strategic consulting.

Skills and Expertise that will lead to Success

• FSA/ASA (Fellow of the Society of Actuaries or Associate of the Society of Actuaries) designation required
• 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
• Bachelor’s degree

Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate.

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.

Pay Transparency Laws:

The salary range for this position (intended for U.S. applicants) is $180,000-$220,000 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.

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