Amazing opportunities at OAC
Ensuring our clients receive a high quality and personal service at all times is of paramount importance to OAC. Continued growth in the demand for our actuarial services means we have the following exciting opportunities to our join our consulting team.
Qualified / part qualified Actuary
OAC has a vacancy for an actuary working in our Pension Redress Calculations Team. Subject to experience, part qualification would not be a barrier when considering applications for the role. The position will be suited to someone keen to immerse themselves into a multi-faceted role.
Job type: Full Time - 40 hours per week - although part time upwards of 30 hours per week would be considered
Scope of Role
This role will be working alongside a team of pension and investment remediation experts and would ideally be suited to someone with commercial and product development experience, an understanding of how a wide range of pension and investment products operate and an advanced understanding of regulation affecting pension and investment products.
Our work involves the production of calculations and reports for the calculation of redress. The appointed candidate will be responsible for the actuarial sign-off of these calculations.
The individual will also be responsible for the specification and testing of changes and amendments to our proprietary OACIS calculators, the tool we use to calculate loss and redress. They will be required to maintain a good knowledge of current legislation and regulation and be able to communicate this to the team and define specifications for calculator updates. Software updates are produced by our in-house software developer.
The individual should be able to understand calculations of a complex nature, often deciding on a method from first principles and producing reports for these cases.
As part of the main Actuarial function in the team, the individual will be required to explain calculations and methodologies to the pensions consulting team and be responsible for knowledge sharing and some training.
Additionally, some input into expert witness work may be required, performing technical calculations and preparing statements on how the calculations have been prepared.
This is a client-facing role and may require some business development time or pre-sales work.
OAC is an accredited IFOA Quality Assurance Standard organisation.
The role will be home-based with some UK travel.
- Advanced understanding of how final salary pension schemes and other company pension arrangements work.
- Advanced understanding of the different types of charging structures that different pension schemes, personal pension and other personal investment products may have.
- Advanced level of Microsoft Excel skills, including the ability to follow complex calculations and to set up new calculations.
- Able to work in a small team, especially a team where the majority are non-actuaries, supporting and learning from the consultants in the team.
- Communication skills - be able to explain, both verbally and in reports, complex calculations in such a way that they can be understood by those without the same level of technical skill.
- A self-starter willing to engage on a range of different issues even outside their natural sphere of expertise.
- Previous experience of regulatory led business reviews and remediation projects would be an advantage.
Our staff are our greatest asset and retaining them our highest priority. Through our innovative and flexible ways of working, we offer our staff a reward package that goes beyond the norm.
In addition to a competitive salary, bonus scheme, a group personal pension plan, life assurance, a generous holiday allowance and support for continued professional development, OAC offers the opportunity to achieve the work-life balance you have always wanted.
OAC can offer the opportunity of a challenging role in a forward thinking consultancy while also allowing you to enjoy the benefit of cutting down on time spent travelling resulting in more time with your family, hobbies and interests.
We provide a comprehensive training package from day one. Our introductory training at your home base will enable you to communicate and work effectively with the OAC team from your very first day.
Subsequent training is very much geared to individual needs and includes mentoring, on the job training and access to a pool of experience and knowledge.
There will also be opportunities to attend internal and external training courses as well as conferences, seminars and workshops, as part of your profession's Continued Professional Development.
The skills, knowledge and capabilities of our staff are absolutely essential to the success of OAC and we recognise that learning and development does not stop whatever stage your career is at.
We expect you to take control of your own career, but we also believe in making sure that you have the opportunity to discuss your performance, progress, interests and desires every six months to ensure that personal development continues throughout your career at OAC.