Aon Industrial Placement Programme - Actuarial Consulting - Pensions 2023
On your 12-month placement, you’ll find that no two days in the office are the same. You’ll work on a range of client teams with colleagues who advise either the trustees handling the pension scheme, or the company that provides it.
Our aim is for you to learn about the potential career path ahead of you, while being given real responsibility on client projects. We'll work with you through classroom-based and on-the-job training to develop your technical and consulting skills — including your understanding of key calculations, communication techniques, project management and networking.
Area of Responsibilities
Actuarial and Analytical Tasks, such as:
- Regular assessment of the financial position of pension schemes
- Identifying and implementing ways for trustees and companies to reduce the risks in relation to their schemes, including longevity risks, investment risks and inflation risk
- Carrying out calculations relating to the pension scheme for the company's financial accounts
- Carrying out calculations with respect to individual pension scheme members' benefits
- Estimating pension protection fund levies
Client Focused Tasks, such as:
- Day-to-day management of the pension scheme and internal projects
- Building and maintaining relationships with clients and other stakeholders of the scheme
- Attending and presenting at client meetings
You’ll be given opportunities to work on a range of projects, gaining early exposure to clients to support your development. You’ll also have the chance to be involved in one of our specialist teams, focussing in areas such as:
- Risk Settlement, advising clients on the best way to reduce risk through transferring it to a third party.
- Member Options, helping clients reduce risk and/or cost by offering pension scheme members the choice to reshape their benefits to better suit their individual circumstances.
- Analysis of mortality and other demographic factors using Aon's Demographic HorizonsTM toolkit.
- You will need to be on track to achieve a 2:1 degree (or equivalent) in a numerate / semi-numerate subject area
- You will need to have achieved an A-grade or above in Maths A-level or equivalent
What are we looking for?
- Motivation and ambition to pursue an actuarial career – you will need to be able to articulate why you want to be an actuary
- Passion and inquisitiveness – we are looking for candidates who understand what we do and are eager to learn more
- Commercial awareness – this helps us to provide support and advice to our clients with clarity and confidence