Benefit Experience Actuarial Consultant

Benefit Experience Actuarial Analyst Or Consultant

Locations: Preferably NYC, or Chicago, Open to Virtual for the right candidate.

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

Level for the role will be determined by the individual’s experience.

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
• Checking and quality control
• 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.
• Implementation support to benefits administration teams
• Participation in Health & Benefits practice sponsored and external training, to grow consulting acumen
• Skills: Project Management, Data Analysis, Actuarial Science, Client Relationship Management

Required Experience

• 2-4 years of health and welfare experience (carrier or employer consulting)
• Understands health insurance concepts, underwriting, forecasting, and analysis.
• Progress towards FSA/ASA designation

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

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 $110,000-$130,000 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.