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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

Pensions Redress Consultant

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.

Salary:              Competitive

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.

Essential Skills

  • 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. 

To discuss this opportunity or to apply by sending us your CV, please contact Frances Smythe by email to careers@oacplc.com.

 

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