Actuarial Activity With Us
An actuary is a specialist who analyzes the financial effects of risks and applies the methods derived from the conclusions in practice. The actuary uses mathematical and economic knowledge to provide quantified answers to manage the financial effects of risks.
Our Finance and Actuarial team was set up in 2006 to provide a European knowledge hub to support advisors working in AON’s Retirement & Investment division. Initially, we supported the UK, the Netherlands and Switzerland, and today this list extends to countries such as Germany, Austria, France, Belgium, Norway and other Central and Eastern European countries. Over the past years, we have managed to build a team of competent professionals and our goal is not only to stabilise the team, but also to continuously develop our professionalism, expand our services and capabilities, and improve our efficiency.
We do actuarial analytical work, but also in a specific area: the valuation of company benefits, especially pensions. Due to the financial risks arising from the increase in life expectancy, the issue of pension benefits has become a hot topic in the financial world. Multinational companies, which pay contributions on behalf of their employees, are obliged to manage and match pension assets with liabilities to ensure that there are no surprises for either party at retirement. In an ever-changing economic environment, it is particularly important that companies have a better handle on the factors that have a significant impact on the financial side of their pension plans.
Our Job
Our main activities consist of the following tasks:
Data management
Consolidation
Calculation and reporting
Precise definition of assessment parameters
Employee data is managed, formatted, monitored and analysed for changes from year to year.
Using various software and Excel models, we calculate pension fund liabilities, analyse the impact of financial and demographic factors and prepare actuarial reports for our clients.
We consolidate accounting disclosures and reports for multinational clients with global operations.
We are involved in determining and forecasting future financial and demographic valuation parameters, such as the relevant interest, salary growth and mortality rate.
Projects
As well as supporting the work of consultants, we always have the opportunity to get involved in other types of diverse projects:
Branding Team
Its aim is to build and strengthen the division’s employer brand, through both external and internal projects.
Training Team
Continuous monitoring and development of training courses available to employees, whether as organisers, mentors or trainers.
Support for foreign offices
It involves assisting with a variety of projects requiring analytical or actuarial expertise, working with Aon offices in Ireland, America or elsewhere.
Optimisation
We have the power to develop our own systems, tools and processes, which will significantly increase the efficiency of our division.
Data migration
Moving data between interfaces for calculating and reporting on company pension valuations to standardise and improve Global Aon’s systems and our customers’ experience.
Fun Team
Their aim is to bring colleagues closer together by organising quality events.
Life at AON
One of our colleague’s testimonial:
“I am very grateful to AON. This company gave me the opportunity to begin my professional career after graduation. I have had the pleasure of working with many wonderful people in a flexible, international environment. I have gained valuable experience and had the opportunity to develop my skills in many areas. I am very happy that I can explore and develop my interests here, such as soft skills, management, branding, client communication, relationship building and accounting. Moreover, I find our daily work exciting, and I always look forward to new projects. I appreciate that AON entrusts even entry-level employees with real, complex tasks, and that our efforts are genuinely appreciated.”