Job Description

Risk Actuarial Consultant

Location: Preferred Chicago, (Open to other locations.)

Experience evaluating Medical Malpractice exposure, or desire to learn Medical Malpractice exposure, is preferred.

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 

• Serve as the lead consultant for account assignments
• Have primary project responsibility for actuarial reserve analyses, risk allocation analyses, captive feasibility studies, loss forecasting, and stochastic modeling.
• Provide leadership in support of long-term initiatives.
• Build actuarial models when data is limited.
• Maintain effective day to day relationships with Aon team/client contacts.
• Prepare and present proposals without substantial oversight.
• Create and/or improve methodology, products, and operational procedures.
• Ensure that the Aon work product is of high quality, adheres to all relevant actuarial standards, and is provided in a timely manner.
• Provide the leadership necessary to create and foster a team culture across all account service and brokerage teams.
• Anticipate client questions and develop problem-solving solutions.

Education / Experience

• Attained ACAS or FCAS designation; Near ACAS (Exam 5+) will be considered
• Maintains continuing education requirements.
• Meets (or plans to meet) requirements to sign actuarial opinion (ACAS + Exam 7).
• Minimum of 5 years of insurance experience preferred, particularly in or adjacent to the actuarial function

How we support our colleagues

In 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 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. 

We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email [email protected]

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 $165k-$210k 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. This role does not accrue vacation.  Rather, this role is eligible to take paid time off at the discretion of the employee and management in accordance with Company policy and practices. Various other types of leaves of absence; 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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