Early Careers: Health and Benefits Actuarial Exchange Summer Internship
Aon Is Looking for Actuarial Interns – Chicago or NYC
As part of an industry-leading team, you will help empower results for our clients by delivering innovative and effective solutions. Actuaries at Aon work with large, mid-sized and small clients on a variety of projects related to effectively managing Risk, Retirement Health and Reinsurance solutions. Your day-to-day responsibilities will vary, depending on your track, as we hire actuaries to work within all four of these core capabilities.
SOA Track: Health & Benefits Consulting
Recently voted one of the Best Employer 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 Intern
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:
You will have the opportunity to work on a variety of assignments during your internship. Health Exchange actuaries support consultants and work directly with our clients to develop short and longer-term health and welfare benefit strategies. This process involves strategic assessments of the health care market and key trends and the identification of new and innovative solutions to employer problems. The technical and analytical skills Health Exchange actuaries bring to this process are critical to our Active Heath Exchange business group. Additional activities include:
- 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
- Manages priorities, communicates potential delays, and delivers results on time
Aon’s Internship Program
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. The 10-week summer program includes weekly spotlights delivered by Aon business leaders, a community outreach event and networking opportunities with fellow interns and colleagues.
- 10 Week Paid Program in Offices Throughout the U.S.
- 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
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
Applicants for this role, which is part of the Aon Summer Internship Program, will need to graduate between December 2022 – June 2023 and have a GPA of 3.0 or above.
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