Director Financial Performance Lead
Director Financial Performance Lead
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Job Description
At M&G our purpose is to give everyone real confidence to put their money to work.As an international savings and investments business with roots stretching back more than 170 years we offer a range of financial products and services through Asset Management Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients and superior shareholder returns.
Through our behaviours of telling it like it is owning it now and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.
We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.
Director Financial Performance Lead
Corporate Risk Solutions (CRS) is a division within M&G Life with a remit to design and deliver bulk purchase annuities and alternative derisking products for Defined Benefit pension schemes. Due to ongoing success a strong opportunity set and ambitious growth plans the team is adding headcount in a number of areas.
The CRS Pricing team has a broad remit across four key areas: New business pricing for BPAs and alternative de risking solutions; developing and maintaining the pricing assumptions and methodology framework; ownership of the pricing model & process infrastructure; and development and management of the financial performance framework and pricing strategy for new business. Were looking for an exceptional individual to own our financial performance framework as CRS accelerates its growth plans.
Key Responsibilities for this role:
- Overall responsibility for the development and management of the financial performance framework for BPA business and associated products
- Set and manage pricing and reinsurance strategy in line with the financial performance framework in partnership with New Business Pricing Origination & and other senior stakeholders across M&G Life and Finance
- Support CRS MD M&G Life Commercial Finance and M&G Life exec with ad hoc queries analysis and broader finance/strategy development as required
- Partner with Commercial Finance and FP&A in annual business planning cycle and broader FP&A activity
- Work with colleagues from across the business and outsourcing partners to build and integrate commercial investment longevity reinsurance balance sheet management and structuring development workstreams into the financial performance framework
Key Knowledge Skills & Experience:
- Commercially minded Actuary with exceptional technical skills
- Deep understanding of IFRS17 and Solvency UK for life insurance in particular balance sheet construction and optimisation liability discounting asset strategy & ALM
- Experience of Pricing and/or financial management of BPAs
- Understanding of nonstandard capital and reinsurance structures valuable
- Ambitious and selfmotivated with ability to work on own initiative/prioritise workload to strict deadlines
- Strong communication and presentation skills
Recruiter: Amy Curtis
Work Level: Manager / Expert
Location: London
Closing Date: 02/05/2025
We have a diverse workforce and an inclusive culture at M&G plc underpinned by our policies and our employeeled networks who provide networking opportunities advice and support for the diverse communities our colleagues represent. Regardless of gender ethnicity age sexual orientation nationality disability or long term condition we are looking to attract promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.
Ifyou need assistanceor an alternative means of applying for a role due to a disability or additional needpleaselet usknow by contacting us at:
Required Experience:
Director
Employment Type
Full-Time
