Defined Benefits Analyst

Aon is looking for a Defined Benefits Analyst

This is a Hybrid Role with the Flexibility to work both home and in the office from our Baltimore Office.

Skills and experience that will lead to success

Pension and other retirement plans have enormous financial implications for employers. Actuaries within Retirement Consulting work directly with our clients’ management teams to assess the short and long-term costs associated with these commitments.  

Job Responsibilities:  

Defined Benefits Analysts within our Wealth practice Consulting have the opportunity to work on a variety of projects that support our clients and internal client teams. These projects include:

Review, analysis, and reconciliation of participant data

Assistance with complex benefit calculations and participant benefit statements

Complex analysis of retirement benefits and account balances

Interaction with plan participants via phone and/or email to address basic questions related to benefits

Other projects that may require analysis of large volumes of participant records and/or benefit calculations

As needed, assistance with small/mid-size pension and retiree welfare plan valuations using standardized processes with oversight from senior team members

Candidates are expected to have the following qualifications and/or experience:

Undergraduate degree or equivalent industry experience

4 years of relevant experience

Outstanding attention to detail

Excellent time and project management – able to manage multiple projects and deadlines simultaneously

Independent learner of technical topics and concepts; willingness to take ownership of projects and client deliverables

Seeks and shares ideas for continuous improvement of processes and procedures

Outstanding quantitative and analytical skills

Advanced proficiency in Microsoft Excel

Excellent written and oral communication skills

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 recognize 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.

Aon provides equal employment opportunities 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, domestic partner status, or other legally protected status.

We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com

Nothing in this job description restricts managements right to assign or reassign duties and responsibilities to this job at any time.

Pay Transparency Laws:

The salary range for this position intended for U.S. applicants is $53,000 to $71,000 annually. The actual salary will vary based on applicant’s education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant’s geographic location. The salary range reflected is based on a primary work location of State/Region. The actual salary may vary for applicants in a different geographic location.

Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: a 401(k) savings plan with employer contributions; an employee stock purchase plan; consideration for long-term incentive awards at Aon’s discretion; medical, dental and vision insurance, various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance program that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.

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Aon is looking for a Defined Benefits Analyst

This is a Hybrid Role with the Flexibility to work both home and in the office from our Baltimore Office.

Skills and experience that will lead to success

Pension and other retirement plans have enormous financial implications for employers. Actuaries within Retirement Consulting work directly with our clients’ management teams to assess the short and long-term costs associated with these commitments.  

Job Responsibilities:  

Defined Benefits Analysts within our Wealth practice Consulting have the opportunity to work on a variety of projects that support our clients and internal client teams. These projects include:

Review, analysis, and reconciliation of participant data

Assistance with complex benefit calculations and participant benefit statements

Complex analysis of retirement benefits and account balances

Interaction with plan participants via phone and/or email to address basic questions related to benefits

Other projects that may require analysis of large volumes of participant records and/or benefit calculations

As needed, assistance with small/mid-size pension and retiree welfare plan valuations using standardized processes with oversight from senior team members

Candidates are expected to have the following qualifications and/or experience:

Undergraduate degree or equivalent industry experience

4 years of relevant experience

Outstanding attention to detail

Excellent time and project management – able to manage multiple projects and deadlines simultaneously

Independent learner of technical topics and concepts; willingness to take ownership of projects and client deliverables

Seeks and shares ideas for continuous improvement of processes and procedures

Outstanding quantitative and analytical skills

Advanced proficiency in Microsoft Excel

Excellent written and oral communication skills

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 recognize 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.

Aon provides equal employment opportunities 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, domestic partner status, or other legally protected status.

We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com

Nothing in this job description restricts managements right to assign or reassign duties and responsibilities to this job at any time.

Pay Transparency Laws:

The salary range for this position intended for U.S. applicants is $53,000 to $71,000 annually. The actual salary will vary based on applicant’s education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant’s geographic location. The salary range reflected is based on a primary work location of State/Region. The actual salary may vary for applicants in a different geographic location.

Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: a 401(k) savings plan with employer contributions; an employee stock purchase plan; consideration for long-term incentive awards at Aon’s discretion; medical, dental and vision insurance, various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance program that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.