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Job Descrption

Actuarial Consulting Pensions Graduate Progamme - LONDON ONLY

(If you do not wish to be considered for a role based in LONDON, please go to the non-LONDON job page to apply for our ‘Actuarial Consulting Pensions Graduate Progamme – Regional Locations')

Start Date: March 2025 or September 2025

In your application, you will be asked to tell us which start date you are applying for.

Application closing date: 2nd December 2024

Better Decisions Begin with You

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organisation, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.

Wealth Solutions : Retirement

Join Aon as an actuarial consulting pensions graduate and discover how our global team of specialists help businesses make smart choices about their employees’ pensions — now, and into the future.

Right now, UK companies have more invested in... pension schemes than the rest of Europe combined. But, has each individual company set aside enough to meet their pensions’ obligations in twenty, thirty or even forty years’ time?

As the market leaders in actuarial consulting, our consultants are here to advise our clients on their defined benefit pension schemes, helping them to handle the associated financial and operational risks, now and in the future. As an Aon graduate, you’ll work alongside the most creative in the industry, earning as you learn and building your career as an Actuary!

With ever-changing markets and legislation, the work you will be doing is constantly evolving and Aon will help you to gain the skills required to be a successful and trusted actuarial consultant for our clients, across a diverse and complex range of topics.

Your role as an Actuarial Graduate in Wealth Solutions : Retirement

As an actuarial graduate, no two days in the office are the same. Our graduates work on a range of client teams with colleagues who provide advice and support to either the trustees handling the pension scheme, or the company that provides it.

Our aim is for you to progress into a trusted advisor for your clients as soon as possible. We’ll help you do this by developing both your technical and consulting skills — including your understanding of key calculations, communication techniques, project management and networking. Throughout your career with Aon, you’ll continually improve your commercial awareness and professionalism — which will help you grow into a successful actuarial consultant.

What your day could look like

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; and 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 managing relationships with clients and other stakeholders of the scheme
• Attending and presenting at client meetings

You’ll be able to work on a range of projects, gaining early exposure to clients to support your development. You’ll also have the opportunity 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 to predict future trends within Aon's Demographic HorizonsTM team.

Your Development

As an Aon Graduate, you will be enrolled onto our Launch Programme when you join. This development programme is built around 3 core elements :
• Business learning – on the job learning and experiences enabling you to develop your knowledge and understanding of your team and solution line.
• Centralised learning - UK graduates complete in an Aon Induction, monthly webinars, business skills training and workshops; all designed to develop your knowledge of Aon, build your confidence and your network across our business.
• Professional Qualifications – we want you to be as successful as possible, so we’ll fully support your study towards professional qualification as a Fellow of the Institute and Faculty of Actuaries, primarily via the Level 7 Apprenticeship. To support you as you study for your exams, you’ll receive paid study leave, plus an extensive range of study and tuition materials. To find out more about the actuarial qualification please visit actuaries.org.uk

Your career beyond your Graduate programme

Once you’ve completed the formal graduate programme, you’ll continue to receive lots of support at Aon. As well as continued technical and business skills training, you’ll receive support for your actuarial qualifications. To aid your professional development you’ll receive regular performance feedback, and work with your line manager towards promotions, which are considered twice a year, enabling you to progress from a graduate Analyst to Associate Consultant, then Consultant and beyond!

Throughout this time you’ll have the chance to explore different career paths, you may choose to specialise in advising trustee clients, or corporate pension scheme sponsors. There’s also the opportunity to join and develop a role in one of Aon’s specialist teams, like those listed above. Whichever route you choose, we’ll provide support and training at every step, giving you the tools you need to build an exciting career at Aon.

Next Steps

If you are interested in this graduate programme and would like to apply, here is some useful information:

Entry 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 numerical 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

Our Graduates are on permanent contracts from day one, so applicants for this programme must be eligible to work in the UK without the need for visa sponsorship now or in the future; or you have pre-settled or settled status from the EU Settlement Scheme – or if you have applied and you're waiting for a decision.

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 curiosity – we are looking for candidates who want to 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

Locations:

Our Wealth Solutions : Pensions teams are based across the UK, all locations offer the same opportunities for learning and career progression and the same financial rewards.

Here are the locations where we have graduate opportunities this year: London

In your application you can indicate your preference for a second location. Here are the locations available: Birmingham, Bristol, Epsom, Farnborough, Glasgow, Leeds, London, Manchester, St Albans

We recognise the value for our Early Career colleagues of being in the office environment from the beginning of their programme. As a new graduate, you will spend the first 6 months based in the office to support your learning, development, and progression. This will enable you access to support from managers, collaborate with colleagues as well as grow your network across Aon. After completing this initial training period, you will then have the opportunity to work more flexibly, spending at least 3 to 4 days face to face in the Aon office or with clients.

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.

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 provides equal employment opportunities to all employees and applicants for employment without regard to race, colour, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.

We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. If you require any reasonable accommodations or adjustments, please contact graduates@aon.co.uk and a member of the UK Early Careers team will contact you.

#AonGraduateUK

#ActuarialConsultingPensionsUK

2024-81384

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