Early Careers: Health Exchange Analyst-Actuarial
Job Description
Aon Is Looking for a Health Exchange Analyst (Launch Candidate) - Chicago, NYC, Dallas
As part of an industry-leading team, you will help empower results for our clients by delivering innovative and effective solutions. We hire Actuarial Analysts in various solution lines to work on projects related to effectively managing retirement solutions.
This role falls under Aon’s early career development program, known as Launch. Building on the development colleagues receive in the role they are hired into; the Launch program is a supplemental development program for recent college recruits.
Recently voted one of the Best Employers for New Grads by Forbes, we are a leading global professional services firm providing a broad range of risk, retirement, and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.
Your Impact As An Actuarial Analyst
Health Exchange Consulting
Employer-sponsored health and welfare benefit programs form the foundation of the U.S. health care system. These programs have evolved over time as employers have attempted to manage the changing needs of employees, rising program costs, and the impact of new legislation while supporting their human resource and business strategies.
Aon is looking for an Actuarial Analyst to serve clients within our private healthcare exchange, the Aon Active Health Exchange (AAHE). The AAHE is growing, and it is an exciting time to be part of the team dedicated to serving our clients and partners within this industry leading solution. We’re looking for someone who is passionate about actuarial work. As part of an industry-leading team, you will help empower results for our clients by delivering innovative and effective solutions as part of our Exchanges business group within Aon.
Job Responsibilities:
- Evaluate plan design and costs relative to various measures and benchmarks with reporting to clients
- Data collection and review: feasibility studies; annual RFP process
- Analyze insured plan renewals for appropriateness and carrier bid financial evaluations
- Health care budget rate-setting for self-insured plans including the analysis of medical plan design and provider network changes
- Employee contribution rate development and scenario analysis
- Calculate actuarial reserves
- Participation in Health & Benefits practice sponsored and external training, to grow consulting acumen
- Manages priorities, communicates potential delays, and delivers results on time
- Financial modeling (including quality review) of medical and dental quoted rates vs. self-insured projections
What are we looking for?
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
Education:
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics & Business, or related fields.
- Has passed at least one actuarial exam, preferred.
Applicants for this role, which is part of the Launch program, will need to graduate between December 2021 – June 2022 and have a GPA of 3.0 or above.
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