Insurance Strategy Consulting Associate

Aon Hewitt • Full-time • Illinois, United States • $65k - $85k / year • 3d ago

Insurance Strategy Consulting Associate

This is a hybrid position with flexibility to work both virtually and from Aon's Chicago office

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

As part of an industry-leading team, you will help empower results for our clients by delivering innovative and effective solutions as part of our Strategy Advisory group within the Strategy & Technology Group (STG) vertical in Chicago, Illinois. Aon STG Strategy Advisory provides consulting services to firms who operate across the insurance landscape, which include many of the most prestigious companies in the Global Property, Casualty, Insurtech, Digital Platforms, and Health and Benefit (re)insurance market. We help our clients navigate a fast-changing market environment to drive profitable and sustainable growth and business results. We have privileged access to Aon's proprietary data and its global network of (re)insurance industry experts to derive unique and compelling insights into the sources of competitive advantage in our industry. Most importantly, we help our clients turn insights into practical actions and tangible outcomes.

We work with our clients to understand their objectives, address their challenges, develop a deep understanding of market conditions and issues, and create strategies that drive growth opportunities and competitive market advantages.

Participate in full lifecycle client engagements by supporting the delivery of discrete workstreams and strategic initiatives.
Perform data analyses and financial modeling to derive quantitative insights.
Conduct market and subject domain research, quantitative and qualitative analyses, to inform strategic recommendations to clients.
Prepare and participate in client interviews and discovery sessions with Aon subject matter experts.
Engage and actively contribute to the production of reports and other client deliverables and developing client-ready materials (PowerPoint, Excel, White Papers).
Support project leadership in synthesizing findings, identifying key insights from analyses, and implementation and execution of strategic recommendations.
Actively participate in the identification and communication of recommendations to clients.
Support client relationship management activities alongside other STG colleagues.
Work in a collaborative environment with clients and colleagues.
Work with senior management to develop proposals and create marketing and business development materials.
Support the operational needs of STG including internal initiatives such as recruiting, marketing, communications, etc.

Skills and experience that will lead to success

2+ years of experience in consulting, finance, corporate strategy, insurance, or related fields.
Strong analytical abilities and a track record of academic success.
Strong verbal communication and business writing abilities.
Willingness to learn and solve complex problems.
Ability to perform well under pressure, on multiple workstreams, and with tight deadlines.
Regularly identifies opportunities to take on additional responsibility and to work more efficiently.
Strong interpersonal skills and the ability to build relationships with clients.
Proficiency in Microsoft Office applications (PowerPoint and Excel).
Experienced in data analytics tools is a plus.
Willing to travel up to 20%.

Education: Bachelor's degree in Business Administration, Finance, a related field or equivalent years of industry experience.

How we support our colleagues

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.

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. People with criminal histories are encouraged to apply.

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 .

For positions in San Francisco and Los Angeles, we will consider for employment qualified applicants with arrest and conviction record in accordance with local Fair Chance ordinances.

Nothing in this job description restricts management's 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 $65000 to $85000 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.

This position is eligible to participate in one of Aon's annual incentive plans to receive an annual discretionary bonus in addition to base salary. The amount of any bonus varies and is subject to the terms and conditions of the applicable incentive plan.

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