Actuarial Intern, Reinsurance

3 weeks ago

Toronto, Canada Aon Corporation Full time

Posting Description:
**Actuarial Intern, Reinsurance**

Are you a collaborative, critical thinking individual interested in gaining experience in a professional environment? Our Reinsurance team in Toronto is looking for Actuarial Interns

This is a hybrid role with the flexibility to work both virtually and from our Toronto office.

**Aon is in the business of better decisions**

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.

As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.

**What the day will look like**

Primary role is to support clients as requested by supervisor or brokers, across virtually any client project or internal research assignment. Analysts are expected to develop proficiencies in completing standard analyses, while also taking part in more advanced analyses as needed. You will become familiar with Aon's tools and approach, contribute to their development and present Aon's solutions and services to our clients. Secondary role is to assist in pricing parameter updates and market research.

Additional activities include:

- Work with colleagues (brokers, analytics, and others) to identify and respond to client needs and develop additional opportunities related to products and services
- Inventory and manage data related to analysis of reinsurance transactions
- Analyze the costs and benefits of risk transferred under reinsurance agreements via pricing analysis and dynamic risk modeling with limited guidance
- Understand reinsurance contracts and products (terminology, terms, and conditions)
- Prepare client-ready presentations to communicate analysis results to brokers and clients
- Manage workflow proactively
- Take initiative on internal projects to improve processes, products, or services
- Take ownership and responsibility for quality, accuracy, and timely completion of analysis

**How this opportunity is different**

Unprecedented volatility is creating new risks and opportunities for organizations across the global economy. We provide providing actuarial and technical expertise and support to the professional reinsurance brokers.

The role of Aon's Reinsurance Solutions is to advise the primary insurer on the appropriate levels of retention and reinsurance cessions to structure an effective and cost-efficient program of reinsurance protection, in accordance with the strategic objectives of the ceding company; and to obtain the required reinsurance protection from financially sound reinsurers.

This position offers a unique view of the property and casualty reinsurance industry and inter-relationships between insurers and their reinsurers.

**Skills and experience that will lead to success**
- Proficiency in Microsoft office products such as Word, PowerPoint, Excel and Outlook is required
- Outstanding quantitative and analytical skills
- Strong written and verbal communication skills
- Enjoy working on complex, mathematically-oriented projects

**Education**:

- Students should be enrolled in Actuarial Sciences, Mathematics or Statistics program
- Have passed at least one actuarial exam or strongly pursuing, preferred

**How we support our colleagues**

In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working

Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.

**#LI-JP3

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