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    Early Careers: Actuarial Intern, Property - Toronto, Canada - Aon

    Aon
    Aon Toronto, Canada

    6 days ago

    Default job background
    Full time
    Description

    Early Careers: Actuarial Intern, Property & Casualty – Fall 2024

    Are you an actuarial student looking to gain valuable professional experience in a dynamic consulting environment within the P&C (property & casualty) field? Our Professional Services Practice (PSP) team is looking for an actuarial intern to join the team in Montreal, QC, Toronto, ON, Calgary, AB or Vancouver, BC

    Please include in your application a cover letter that indicates your preferred location and a copy of your most recent transcript.

    Applicants must be legally authorized to work in Canada. This role is not eligible for sponsorship, and we are unable to sponsor or take over sponsorship of an employment visa or work permit.

    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

  • Assist in developing industry and firm-specific loss profiles for professional liability risks exposures of professional service firms (such as accountants, consultants, and law 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 determining accounting firm loss profiles.
  • Run simulation models to arrive at actuarial funding/pricing requirements for our clients and their captives, 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).

    • How this opportunity is different

    Aon's actuarial team within the Professional Service Practice (PSP) is uniquely dedicated to servicing large global, U.S., and Canadian accounting firm, law firm, and consulting firm clients and their captives. Our ability to quantify the professional liability risk exposures of our clients enable Aon to design an optimal program structure to our clients, and to assist in our clients' decision-making around risk retention, risk financing, and risk transfer. For further information about our team, please visit:

    Skills and experience that will lead to success

  • Previous actuarial and insurance work term experience is an asset.
  • Excellent English skills (written and verbal) are required.
  • Strong math and analytical skills.
  • Strong interpersonal skills with a positive attitude and ability to work in teams.
  • Ability to explain complex concepts in a simple and effective manner to a non-technical audience.
  • Creative and strategic thinker with an ability to deliver pragmatic solutions.
  • Must clearly demonstrate competency for attention to detail.
  • Excellent organizational skills – ability to work on multiple tasks and prioritize work.
  • Proficiency with MS Office (Word and Excel) is an asset.
  • Experience with @Risk, VBA and/or R is an asset.

    • Education:

  • Currently pursuing a Bachelor's degree in actuarial science, mathematics, or similar discipline.
  • Exam progress with the Casualty Actuarial Society (CAS) is an asset.

    • 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

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