Aon Summer Internship Programme - Actuarial Consulting - Pensions 2024

Aon

Dec 5

Applications are closed

Internship
Full-time
Off-cycle Internship
Banking & Finance
Birmingham, +4

Requirements

As Actuarial Consulting is a mathematically based career path you will need to have or be on track to achieve a 2:1 degree (or equivalent) in a maths, actuarial science, or other highly numerate degree
You will need to have achieved an A-grade or above in Maths A-level, A-grade in Maths Scottish higher or international equivalent of this
What are we looking for?
Motivation and ambition to pursue an actuarial career – 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

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, focusing 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
Your Development:
As an Aon Summer Intern, you will be enrolled onto our award-winning development programme. For 9 weeks you will have the opportunity to take part in a wide range of insightful and interactive training and development activities in addition to your role. Here are couple of key elements of our intern’s 9-week development programme:
Induction – a great way for you to learn about Aon and our Story, meet and network with your fellow interns and Aon colleagues from across our business including senior leaders; technical and business training to equip you with skills and knowledge to help you in your role
Aon Business focused project – our interns are given a project to complete during the programme. You and your team of fellow interns will be tasked to research and help to find solutions for a real business challenge. At the end of the internship, you will have the chance to present your findings to a panel of Aon colleagues
Feedback – when you start as an intern at Aon, you will have time with your line manager to discuss your goals and throughout your internship you will receive feedback and support.

Aon

Aon is in the business of better decisions

Consulting

Industry

10,001+

Employees

1940

Founded Year

Mission & Purpose

Aon is a global professional services firm that specializes in risk management, insurance brokerage, and human resources solutions. They offer a wide range of services including risk assessment, insurance brokerage, retirement and health solutions, and data analytics. Aon's ultimate mission is to empower clients to manage risk effectively, optimise their resources, and make informed decisions that drive business growth and resilience. Their purpose is to help clients navigate the complexities of risk and talent management, providing innovative solutions and insights that enable organisations to mitigate risks, protect assets, attract and retain talent, and enhance overall operational performance. Aon aims to be a trusted advisor, offering customised solutions that address the unique challenges of their clients across industries, ensuring they are well-prepared and positioned for success in a rapidly changing world.