Actuarial Analyst
Company: Aon
Location: Boston
Posted on: October 16, 2024
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Job Description:
Job Title: Actuarial AnalystAon is in the business of better
decisionsAt 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 likeAon Consulting, Inc. seeks an Actuarial
Analyst in Boston, Massachusetts to perform health and benefits
actuarial analysis. Conduct underwriting analyses based on plan
history and changes in risk to negotiate insurance rates. Execute
actuarial analysis for group benefits and group insurance
solutions. Analyze flexible benefit pricing. Conduct actuarial
analysis for insurance concepts, including reserving and
forecasting of future costs and liabilities. Perform rate reviews
and assist with negotiating renewal ratings and prepare quarterly
documents for renewals and financial reports. Analyze and project
savings and costs related to changes to insurance plans and market
forces. Conduct Actuarial Value modeling and Dental Relative Value
modeling. Review group insurance contracts, agreements, and
employee booklets. Assist in analytic projects, including pooling
risk simulations and drugs utilization reviews. Perform financial
analysis of data. Perform data collection and analysis, feasibility
studies, and financial modeling related to group insurance
products. Ensure insurance compliance with RxDC and Medical Part D
creditable coverage. Use Microsoft Office Suite, including Word,
PowerPoint, and Excel to analyze and report on actuarial data.
Create actuarial communications and reports to summarize findings,
observations, and outcomes of analysis performed. Local
telecommuting available up to 2 days per week. Annual salary:
$89,648 - $136,100.Job Location: 53 State Street, Boston, MA 02109
Skills and experience that will lead to successBachelor's degree in
Actuarial Science or a related field plus one year of actuarial
analysis experience. Must have at least one year of experience in
each of the following: 1. Conducting actuarial analysis for
insurance concepts, including reserving and forecasting of future
costs and liabilities; 2. Analyzing and projecting savings and
costs related to changes to insurance plans and market forces; 3.
Using Microsoft Office Suite, including Word, PowerPoint, and Excel
to analyze and report on actuarial data; 4. Performing data
collection and analysis, feasibility studies, and financial
modeling related to group insurance products; and 5. Creating
actuarial communications and reports to summarize findings,
observations, and outcomes of analysis performed.How we support our
colleaguesIn addition to our comprehensive benefits package, we
encourage a diverse workforce. Plus, our agile, inclusive
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, but we also recognize that
flexibility goes beyond just the place of work... and we are all
for it. We call this Smart Working!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,
diverse 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 (EEO) 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. Aon is committed
to a diverse workforce and is an affirmative action employer.
People with criminal histories are encouraged to apply.We provide
individuals with disabilities reasonable accommodations to
participate in the job application or interview process, to perform
essential job functions, and to receive other benefits and
privileges of employment in accordance with applicable law. Please
contact us to request an accommodation on
ReasonableAdjustments@Aon.comSalary range or hourly pay range for
the positionThe salary range for this position is $89,648 -
$136,100 annually.A summary of all the benefits offered for that
positionAon 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.How to
ApplyTo apply, please send resume to aonresumes@aon.com and cite
requisition number 00804, apply at jobs.aon.com, or click the apply
button. This notice is subject to Aon Consulting, Inc.'s employee
referral program. 2024-81804
Keywords: Aon, Lawrence , Actuarial Analyst, Professions , Boston, Massachusetts
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