Early Career - Retirement Actuarial Analyst

Description orporationPosition Description – Early Career Development ProgramJob Title Early Career Development Program - Retirement Actuary AnalystFLSA Status    ExemptCompany Overview Aon is a global leader in risk management, insurance and reinsurance brokerage, human capital and management consulting, and outsourcing with more than 36,000 employees in more than 500 offices in 120 countries worldwide. We integrate customized services, leverage expertise across industries and apply business knowledge to our clients' strategic goals.  Aon helps clients anticipate how change intersects with opportunity. Each of our clients has unique business needs, so we have developed expertise for a complete range of business processes, products and industries. Aon’s account and relationship managers form a comprehensive perspective of our clients’ organizations, matching our expertise to their business strategy.  Program SummaryThe Early Career Development Program consists of a select pool of highly talented recruits who begin employment at Aon with an 18-month formal Development Program.  During this 18-month period, associates aggressively learn the business and the Aon culture through on-the-job experience, a formalized development plan and a performance management process.  Through this Program, associates build a skill and competency set that is relevant and valuable to the employee’s development and to the business line.  Further, through their exposures, the associates will develop organizational knowledge, insight and business relationships.  The Direct Development Program places associates directly into one full-time actuarial position upon hire in various locations nationwide.  Direct Development Program participants will focus their learning and development in one position, and remain in the position at the conclusion of the 18-month development Program.  Direct Development Program opportunities are available in the Actuarial track in cities across the nation within Aon Consulting Retirement practice.Duties and ResponsibilitiesAs a member of the Early Career Development Program, associates will be assigned specific responsibilities and performance objectives with their manager.  Program associates will also be required to complete their assigned formal development plan set forth by the Program. Additionally, associates will be ambassadors of Aon by accomplishing the following:

 Discuss assignment specifications and performance with mentor and manager

 Complete assigned training curriculum

 Support Aon’s values at all times

 Represent the Program in a professional manner

 Develop awareness of policies and adapt behavior accordingly

 Approach all development opportunities with an open and positive mindset

 Maintain realistic expectations of the Program

 Give and receive constructive feedback

 Attend and contribute to regularly scheduled meetings and team building activities

 Participate in Program campus recruitment activities, if requiredActuarial analysts perform functions such as the following for Aon’s clients:

 Maintain and analyze databases of employee information

 Calculate pension benefits for terminating employees

 Calculate funding and accounting requirements for retirement plans

 Design and estimate the cost of potential plan changes

 Prepare required government filings

 Provide general consulting adviceSelection RequirementsThe selection of the Program associates will be based upon, but not limited to, the following criteria:

 Candidates pursuing Bachelor Degrees with majors in Actuarial Science, Mathematics or Statistics

 December 2009-June 2010 graduates only, for start date of July 2010

 A minimum overall GPA of 3.0 strongly preferred 

 Strongly prefer candidates with at least 1 exam passed

 Relevant work/ internship experience

 Mature and professional demeanor

 Involvement in extracurricular activities

 Strong communication skills, both verbal and written 

 Ability to cultivate relationships

 Critical thinking, problem-solving and analytical skills

 The ability to work as an integral part of a team, fostering teamwork and cultivating relationships, as well as work independently or with minimal direction

 Adaptability – quick learner

 Positive attitude

 Results-oriented

 Strong PC skills including knowledge of Microsoft Office SuiteParticipants will be paid for study time as well as compensated for passing exams.Aon is an Equal Opportunity Employer.  All applicants are evaluated without regard to race, creed, sex, age, national origin, sexual orientation, color, handicap, or disability.  For more information about Aon Corporation, visit our website at www.aon.com.Please apply directly to www.aon.com.

Requirements Expertise ACT-Retirement/Pension/Defined Benefits Degree Bachelors