Aon Reinsurance Solution's actuarial team provides advanced analytics at global scale by leveraging Aon's position as the industry-leading broker of reinsurance. The qualified candidate, as part of the Innovation Team, will help develop and automate these analytics. This role is based in our downtown Chicago 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
Reinsurance Actuarial Consulting (CAS Exam Track)
Unprecedented volatility is creating new risks and opportunities for organizations across the global economy. This team provides risk transfer, claims advocacy and capital management solutions to help re/insurers reduce volatility and build more resilient businesses, governments and communities. Interns support clients across virtually any client project or internal research assignment. They develop proficiencies in completing standard analyses, while also taking part in more sophisticated strategies, becoming familiar with Aon's tools and approaches.
Some activities include:
- Write and review R and C# code to automate reinsurance analyses
- Adopt new technologies, including AI, to provide
- Develop visualizations and dashboards to explain reinsurance analytics to actuaries, account specialists, and clients.
- Work with colleagues (brokers, analysts and others) to identify and respond to client needs and develop additional opportunities related to products and services.
- Inventory and handle data related to analysis of reinsurance transactions and analyze the costs and benefits of risk transferred under reinsurance agreements via pricing analysis and dynamic risk modeling.
- Learn about reinsurance contracts and products (terminology, terms and conditions) and prepare client-ready presentations to communicate analysis results to brokers and clients.
- Take the initiative on internal projects to improve processes, products or services!
How this opportunity is different
This is a 10-week paid program across various U.S. offices with access to global leaders through weekly spotlights, roundtables and one-on-one internship mentoring. Engage in challenging client projects with the benefit of continuous formal and informal feedback and the enjoyment of social outings and community service activities throughout the internship.
Skills and experience that will lead to success
- Programming experience in an open source programming language R (strongly preferred)
- Actuarial Exam completed and passed (strongly preferred)
- Desire to work on a team with the capability for independent work
- Driven by results and accomplishing tasks
- Strong critical thinking, problem-solving and analytical tendencies with
- Alignment with values of integrity, client commitment and community dedication
- Adaptability, quick learning ability and professional demeanor
- Proficiency in Microsoft Office Suite, including Excel
- Involvement in extracurricular activities
How we support our colleagues
In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile 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 for our colleagues as well.
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 and inclusive 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. People with criminal histories are encouraged to apply.
We are committed to providing equal employment opportunities and fostering an inclusive workplace. If you require accommodations during the application or interview process, please let us know. You can request accommodations by emailing us at ReasonableAccommodations@Aon.com or your recruiter. We will work with you to meet your needs and ensure a fair and equitable experience.
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.
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.
Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.
The salary range for this position (intended for U.S. applicants) is $25.50 to $35.00 hourly. 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 Chicago, IL. The actual salary may vary for applicants in a different 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.
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Working at
Aon Corporation
Aon Corporation is a leading global professional services firm providing a wide range of risk management, insurance brokerage, and consulting solutions. With a legacy dating back over a century, Aon Corporation has established itself as a trusted advisor to clients across industries and geographies. As an actuary at Aon Corporation, you'll be part of a diverse and talented team that plays a pivotal role in assessing and managing risks for clients. Actuaries at Aon Corporation utilize their expertise in statistical analysis, modeling, and data analytics to evaluate risks, develop risk management strategies, and provide insights that inform decision-making. Collaborating with multidisciplinary teams, actuaries at Aon Corporation contribute their analytical skills to help clients navigate complex risks and optimize their risk portfolios. Actuaries analyze data, forecast trends, and provide recommendations that help clients make informed business decisions and protect their financial interests. Aon Corporation values professional growth and provides actuaries with ample opportunities for career advancement and development. Actuaries have access to ongoing training and resources to enhance their skills, stay at the forefront of industry advancements, and deliver exceptional value to clients. Join Aon Corporation's esteemed actuarial team and embark on a rewarding career where you can apply your actuarial expertise, make a meaningful impact on clients' risk management strategies, and enjoy competitive benefits in a collaborative and global work environment.