Health Actuarial Analyst/Consultant

Health Actuarial Analyst or Consultant

Aon is looking for an Actuarial Analyst or Consultant to serve clients within our private healthcare marketplace, the Aon Benefit Experience 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. 

Preferred Locations: Chicago, or New York. Will consider a Virtual work Model

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.

What the day will look like:

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 BenX business group within Aon. 

How this opportunity is different

This is a fast-paced client facing analytics role. If you are an ambitious person, this role provides an excellent opportunity to work and learn in a multidisciplinary team. We have career development paths and promote from within first.

Job Responsibilities:

• Financial modeling (including quality review) of medical and dental quoted rates vs. self-insured projections
• Data collection and review: feasibility studies; annual RFP process
• Initial RFP analysis (including actuarial value modeling) to assist with pricing and negotiation
• Defined Contribution modeling
• Will work within the team to make plan recommendations, subsidy recommendations, set funding requirements for Self Insured clients, etc.
• Participation in Health & Benefits practice sponsored and external training, to grow consulting acumen
• Ability to work in a fast-paced environment that requires keeping up with multiple deadlines at the same time
• Ability to step into a lead analyst role with potential to transition to a client-facing role after learning

Required Experience:

2-4 years of health and welfare experience (carrier or employer consulting)

Understands health insurance concepts, underwriting, forecasting, and analysis.

Progress towards ASA/FSA designation.

Education: Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics & Business, or related fields.

Pay Transparency Laws:

The salary range for this position intended for U.S. applicants is $76k-$130k 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.  The salary range reflected is based on a primary work location of State/Region. The actual salary may vary for applicants in a different 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.

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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