Junior Actuary

Junior Actuary( 14400)

Application Closing Date: 30-05-2021, 11:59:00 PM

The Organisation for Economic Co-operation and Development (OECD) is an international organisation comprised of 37 member countries, that works to build better policies for better lives. Our mission is to promote policies that will improve the economic and social well-being of people around the world.  Together with governments, policy makers and citizens, we work on establishing evidence-based international standards, and finding solutions to a range of social, economic and environmental challenges. From improving economic performance and creating jobs to fostering strong education and fighting international tax evasion, we provide a unique forum and knowledge hub for data and analysis, exchange of experiences, best-practice sharing, and advice on public policies and international standard-setting.

The International Service for Remunerations and Pensions (www.sirp-isrp.org)  is a Service committed to provide studies on remuneration and pension policies of International Civil Servants and to operate the administration of pensions for the Co-ordinated Organisations (OECD, NATO, the European Space Agency, the Council of Europe, the European Centre for Medium-Range Weather Forecasts and the European Organisation for the Exploitation of Meteorological Satellites) and other International Organisations. The ISRP also administers pension reserve funds for several International Organisations.

The ISRP is administratively attached to the OECD.

The ISRP is looking for a Junior Actuary who, under the supervision of the other actuaries of the ISRP, will carry out actuarial work for the ISRP’s Actuarial Unit. 

Main Responsibilities

• Leveraging on his/her knowledge of statistics and data analysis she/he will provide insights on population behaviour to determine demographic assumptions, medical/Long Term Care cost assumptions, or mortality tables.
• Performs different actuarial studies on post-retirement benefits (accounting, funding basis…) ensuring a high standard of quality and rigour.
• Drafts financial statements on pension and medical obligations and on any other defined-benefit scheme, in compliance with international accounting standards.
• Explains and drafts different supporting documents based on actuarial studies in an easy to understand format to both technical and non – technical audience.
• Plays a key role in the development and improvement of the ISRP’s Actuarial Unit modelling capabilities.
• Keeps abreast of new technical developments in the field.
• Works on horizontal projects involving other units of the ISRP, actively looking for opportunity to foster cooperation and knowledge sharing.
• Plays a key role maintaining and improving ISRP’s Actuarial Unit’s internal standard processes.

Ideal Candidate Profile

Academic Background

• A university degree in actuarial science or in a related field. Partly or fully qualified actuary required. 

Professional Background

• At least one year working experience on actuarial matters related to pension schemes.
• Good knowledge of the legal and accounting principles governing defined-benefit schemes.
• Knowledge of financial market issues including related technical terminology.

Tools

• Strong command of statistical analysis tools including Stata, R and Visual Basic. A knowledge of other coding languages such as php would be an asset.

Languages

• Fluency in one of the two OECD official languages (English and French) and knowledge of the other, with a commitment to reach a good working level.

Core Competencies

• For this role, the following competencies would be particularly important: Achievement focus, Analytical thinking, Drafting skills, Flexible thinking, Teamwork, Client focus, Organisational alignment.
• Please refer to the level 3 indicators of the OECD Core Competencies.

Contract Duration

• Two-year fixed term appointment, with the possibility of renewal.
• Starting date 1 October 2021.

What the OECD offers

• Monthly base salary starting from EUR 4,850, plus allowances based on eligibility, exempt of French income tax.
• Click here to learn more about what we offer and why the OECD is a great place to work. 
• Click here to browse our People Management Guidebook and learn more about all aspects relating to people at the OECD, our workplace environment and many other policies supporting staff in their daily life. 

Please note that the appointment may be made at a lower grade based on the qualifications and professional experience of the selected applicant.

Selection Process

For retained candidates, written tests are foreseen mi-June and panel interviews are planned for the beginning of July.

The OECD is an equal opportunity employer and welcomes the applications of all qualified candidates who are nationals of OECD member countries, irrespective of their racial or ethnic origin, opinions or beliefs, gender, sexual orientation, health or disabilities.

The OECD promotes an optimal use of resources in order to improve its efficiency and effectiveness. Staff members are encouraged to actively contribute to this goal.