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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.

Consultant Actuary (General Insurance)

Consultant Actuary

Job Title: Consultant Actuary (General Insurance)

This job description sets out the scope of the role of Consultant Actuary at OAC, together with the
main duties of the post at the date when it was completed. It does not include or define all tasks
which the post holder may be expected to carry out. Duties may vary from time to time without
changing the nature of the post or the level of responsibility. The post holder may also be
required to carry out any other duties as required and which might be suitable.

Reporting to: Head of Actuarial

Scope of Role

The role will include a wide variety of actuarial assignments across the OAC business
within the General Insurance market place.

Key Responsibilities

Actuarial

  • Providing support to the Chief Actuary or Reviewing Actuary and second line support with
    external clients
  • Providing support for all year end valuation and Solvency ll work for external clients
  • The work will include (but is not limited to):
    • Data validation
    • Reserve and Capital modelling using Excel and other modelling tools as appropriate
    • Claims reserving calculations
    • Solvency II calculations
    • Solvency II regulatory annual and quarterly returns
    • Audit review and queries
    • Experience analyses
    • Setting methods and assumptions
    • ORSA preparation including stress and scenario testing
    • Business planning
    • Pricing work
    • Attending client meetings as necessary
    • Assessment of client investments and liaison with asset managers
  • Contribute to the technical development of the general insurance practice area
  • Providing support for adhoc actuarial work across business areas
  • Providing input and support for tenders and client presentations as appropriate
  • Complying with the actuarial standards and guidance

Organisation/best practice

  • To strive for excellence, best practice and high-quality delivery across the workstreams in OAC
  • To comply with all OAC’s internal policies insofar as they relate to client engagement
  • Ensure that all work complies with regulatory and professional requirements
  • To freely share knowledge, insight, best practice and ideas relevant to the running of an efficient and growing business
  • To help OAC in meeting the required standards set out in the IFoA’s Quality Assurance Standard

General

  • Be prepared to travel to clients in the UK to support presentations, project work and training
  • Manage workload to agreed deadlines and standards of service
  • Liaise effectively with and report to Head of Business, Practice Leaders and project leaders as appropriate
  • To ensure your knowledge of Solvency ll, actuarial and financial modelling practices are kept up to date and relevant
  • Promote the services of OAC and carry out administrative and marketing duties incidental to your job
  • To report any "new business" opportunities of which you are aware to OAC
  • To not breach legal and regulatory requirements placed on OAC
  • Attend training and to develop relevant knowledge, techniques and skills
  • Ensure you maintain your CPD in accordance with the IFoA’s requirements
  • Behave in line with the core values of OAC: Honesty, Inclusive, High Performing and to be Committed to Quality

 

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