IND Consultant II Health - Actuarial

Job Title- IND Consultant II Health - Actuarial

Solution Line- Health Actuarial

Position type- Full Time

Work Location- Gurgaon

Working style- Hybrid

Cab Facility- Yes

Shift Time - 12PM to 9PM

People Manager role: No

Required education and certifications critical for the role-

Graduate / Post Graduate

Required years of experience -

4-6 year of relevant experience

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 committed as one firm to our purpose, united through trust as one inclusive, diverse team and we are passionate about helping our colleagues and clients succeed.

INFORMATION ABOUT THE BUSINESS

Aon Health and Benefits takes a long-term view of benefits management that aims to help companies achieve a balance between using benefits as a retention tool and managing escalating costs. These offerings include end-to-end solutions to benefits management, alignment of your benefit plans with corporate strategy and policies, considerable purchasing leverage, systematic and structured approach.

GENERAL DESCRIPTION OF ROLE:

Develop client-specific knowledge to deliver on the valuation and other consulting support services Develop your understanding of the wider context big picture view of the technical calculations and key primary drivers of the results

Independently review the technical results from the base data, establish reasonableness, reliability of checks and ensure proper audit trails

Demonstrate a clear, logical approach to reviewing significant technical piece of work with proper documentation and root cause analysis of areas of concern

Demonstrate a very good understanding of all aligned processes and to be able to mentor and also to provide insights to clients/clients team

The process involves analysis of healthcare products data provided by vendors & onshore consultants pertaining to premium, claims, plan attributes.

JOB RESPONSIBILITIES:

Operates as part of team under supervision of Actuarial - Operations Manager

. Lead and manage the scope, budget and the applicable timescales of the large consulting support projects

. Independently review the technical results from the base data, establish reasonableness, reliability of checks and

ensure proper audit trails

. Demonstrate a clear, logical approach to reviewing significant technical piece of work with proper documentation and

root cause analysis of areas of concern

. Demonstrate a very good understanding of all aligned processes and to be able to mentor and also to provide insights

to clients/clients team, detailed knowledge of the relevant actuarial professional and internal guidance

. Lead status update meetings and build strong relationships with various offshore and onshore colleagues

. Identify/implement improvements to the valuation and other consulting support services

. Proactively take steps to develop the junior colleagues and ensure business continuity on the assigned projects

. Manages valuations/other process/aligned projects independently and makes sure all deliverables are completed

. Helps less experienced colleagues prioritize valuations

. Project management responsibilities

. Internal technical training responsibilities

. Provides final client deliverables along with relevant options that include drafting the emails as well.

. Attends internal technical meetings and provide necessary guidance

. Takes the unresolved technical queries with the appropriate senior colleagues.

. Viewed as valued member of the team and comfortable answering broad questions

. Invests time at the beginning of the process to minimize role in day to day aspects of the valuation

. Strong client knowledge resource backing up AM/PM

. Tests results from client's perspective

. Identifies and secures appropriate resources

. Help to refine existing process models and processes and develop training materials

. Builds knowledge of valuations, interprets results and explains

. Resource for more complex valuations/projects issues

. Integral part of technical and new hire trainings.

. Certifies Knowledge Wizard

. YLDP optional

SKILLS/COMPETENCIES REQUIRED:

. Starts to understand and anticipate next steps are on small to mid-size valuations. Acts less as a team member and more as an owner of assigned valuations.

. Reviews work for accuracy and reasonability, interprets results from client's perspective, and begins to offer opinions to PM based on the results.

. Educates and trains junior colleagues to allow them to complete valuations independently. Reviews work and provides constructive, developmental feedback.

. Plays a role in internal initiatives like training, tool development, etc.

. Good understanding of technical topics and concepts to apply them to valuations.

. Handles many basic questions from the client when the PM is not available and likely to perform at a PM level.

. Good leave management by keeping business requirement in mind so that impact would be minimal on client work.

. Volunteer for any additional responsibilities or execute with full commitment for the assigned additional responsibilities.

. Motivate colleagues and leads by example. Drive the team participation in CSR initiatives, Fun Committee events, etc.

. Graduate, numerate degree preferred such as Mathematics / Statistics / Economics / Engineering

. Active student member of the Institute of Actuaries, UK / India and prefer to have cleared at-least three core technical actuarial exams

. Advance Knowledge of MS Excel

. Should be well versed with basic tool functionalities for creating, editing and formatting presentation

. Business communication skills (email and conference calls) and fluent with English language. Should be able to coherently and confidently communicate thoughts and ideas verbally, and in writing logical approach towards solving problems.

. Should be flexible, keen on taking initiatives, accountable and have a collaborative approach with fellow colleagues

HOW WE SUPPORT OUR COLLEAGUES

In addition to our comprehensive benefits package, we are proud to be an equal opportunity workforce. At Aon, we believe a diverse workforce is an innovative workforce. Our agile, inclusive environment allows colleagues to manage their wellbeing and work/life balance while empowering you to be your authentic self.

Furthermore, all colleagues enjoy two Global Wellbeing Days each year, encouraging them to take time to focus on themselves. We offer a variety of workstyle options through our Smart Working model, but we also recognize that flexibility goes beyond just the place of work... and we are all for it!

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

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