Aon is a global professional services company helping clients make better decisions about risk and insurance. The company is seeking an actuarial intern for its Professional Services Practice to support property and casualty risk analysis, pricing, reserving, financial modeling, and client reporting.
Responsibilities
Assist in developing industry and firm-specific loss profiles for professional service firms, including the modeling of severity and frequency distributions, using our repository of large professional service firm historical loss information
Assist in the review and analysis of individual firm and general industry assumptions used in settling accounting firm loss profiles
Run simulation models to arrive at actuarial funding/pricing requirements, using various assumptions and approaches
Support brokers by forecasting expected premium, including a review of program structure and proposed reinsurance arrangements
Run simulation models to arrive at reserving estimates, using various assumptions and approaches
Assist in preparing premium funding and reserving reports for client captives
Assist in developing and refining financial modeling tools (dynamic financial analysis, capital modeling)
Qualification
Required
Applicants must be legally authorized to work in Canada
Excellent English skills (written and verbal) are required
Strong math and analytical skills
Strong interpersonal skills with a positive demeanor and ability to work in teams
Ability to explain complex concepts in a simple and effective manner to a non-technical audience
Resourceful and strategic problem solver with an ability to deliver practical solutions
Must clearly demonstrate competency for attention to detail
Excellent organizational skills – ability to work on multiple tasks and prioritize work
Currently pursuing a Bachelor's degree in actuarial science, mathematics, or similar field
Preferred
Progress in professional actuarial exams with the Casualty Actuarial Society (CAS) is preferred
equivalent experience will also be considered an asset
Previous actuarial and insurance work term experience is an asset
Proficiency with MS Office (Word and Excel) is an asset
Experience with @Risk, VBA and/or R is an asset
Career progression opportunities
Hybrid work arrangement
Aon is a global provider of risk management, insurance and reinsurance brokerage, human resources solutions, and outsourcing services.
