Retirement Actuarial Student- Dallas, TX

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POST DATE 9/7/2016
END DATE 11/22/2016

AON Dallas, TX

Company
AON
Job Classification
Full Time
Company Ref #
2414852
Location
Dallas, TX
Experience
Entry Level (0 - 2 years)
Job Type
Regular
AJE Ref #
576106416

JOB DESCRIPTION

JOB DESCRIPTION

AON IS LOOKING FOR AN RETIREMENT ACTUARIAL STUDENT

As part of an industry-leading team, you will help empower results for our clients by delivering innovative and effective solutions as part of our Retirement & Investment Consulting business group within Aon Hewitt. We have a great opportunity in Dallas, TX for an Actuarial Student.



YOUR IMPACT AS AN ACTUARIAL STUDENT



JOB RESPONSIBILITIES:

* Pass actuarial exams (minimal requirement of one course per year)

* Complete work assignments accurately and on time

* Develop rapport with staff-level client contacts and administrators

* Direct client questions to the appropriate team member as needed

* Use initiative to complete repeat work with little direction

* Validate and reconcile participant/member data

* Develop strong use of computer systems (e.g. valuation systems and spreadsheets)

* Update valuation runs for minor changes

* Perform basic pension benefit calculations

* Demonstrate flexibility to work additional hours on occasion when client needs dictate

* Draft basic responses to client queries

* Strong proofreading skills

* With supervision, provide assistance to others on all basic and some more complex pensions related work (specific examples are set out in the Technical Competency/Skills Required section below)

* Completes some work through others (i.e. delegating)

* Adheres to the firm's standards and procedures for quality control (e.g. information storage systems, quality control procedures

YOU BRING KNOWLEDGE AND EXPERTISE



REQUIRED EXPERIENCE:

* Calculation of liability gains and losses

* Funding Standard Account amortization schedules

* Documentation of results

* Schedule B with guidance

* PBGC Schedule A with guidance

* Very basic knowledge of funding methods

* Very basic knowledge of impact of varying assumptions

* Use of valuation software

* Validation and reconciliation of data

* Basic knowledge of internal guidance

* Basic understanding of relevant internal tools and models available to help

* Basic understanding of methods of reconciling results (e.g. including gain/loss analysis)

* Benefit Calculations and Actuarial Factors

* Ability to read and interpret basic plan documents in order to calculate benefits

* Calculation of benefits and factors with guidance

* Basic knowledge of internal guidance

* Basic understanding of relevant internal tools and models available to help







EDUCATION:

* Academic background in or aptitude for Actuarial Science, Mathematics, Economics or Statistics

* Generally, 1-3 years of actuarial work experience

* Completion of 1 or more exams



WE OFFER YOU



A competitive total rewards package, continuing education & training, and tremendous potential with a growing worldwide organization.





OUR COLLEAGUE EXPERIENCE:



From helping clients gain access to capital after natural disasters, to creating access to health care and retirement for millions, Aon colleagues empower results for our clients, communities, and each other every day. They make a difference, work with the best, own their potential, and value one another. This is the Aon Colleague Experience, defining what it means to work at Aon and realizing our vision of empowering human and economic possibility. To learn more visit Aon Colleague Experience.

ABOUT AON:



Aon plc (NYSE:AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Our more than 72,000 colleagues worldwide empower results for clients in over 120 countries with innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. To learn more visit aon.com.

By applying for a position with Aon, you understand that, should you be made an offer, it will be contingent on your undergoing and successfully completing a background check consistent with Aon's employment policies. Background checks may include some or all of the following based on the nature of the position: SSN/SIN validation, education verification, employment verification, and criminal check, search against global sanctions and government watch lists, fingerprint verification, credit check, and/or drug test. You will be notified during the hiring process which checks are required by the position.

UNITED STATES: 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, or domestic partner status. Aon is committed to a diverse workforce and is an affirmative action employer.

CANADA: Aon is committed to a diverse workforce as an Employment Equity employer (Women, People with Disabilities, Aboriginal Peoples, and Visible Minorities).



DISCLAIMER:
Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.







JOB NUMBER: 2414852
CATEGORY: Consulting Group
LOCATION: United States, TX, Dallas