Senior Actuary Business Development (12 month fixed term)
Senior Actuary Business Development (12 month fixed term)
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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.
The Role:
Do you want to be involved in helping to design and deliver the future of M&Gs life products Join M&Gs Finance Business Development team to support the companys ambitious and innovative new business plans. This team sits within the wider Actuarial Modelling and Valuation team in Finance and plays a pivotal role in designing valuing and implementing new propositions and products.
There are two manager experts in the team who will soon be taking parental leave for 6 months each. Therefore there is an opportunity for an experienced actuary to take either a 6 month role leading one of the teams or a 12 month role leading both teams one after the other.
The first opportunity from October 2025 to March 2026 is to the lead the Methodology and Assumptions team. This team is responsible for designing M&A for our new propositions for example recently setting out the approach to determining the surplus to be shared with policyholders in our new with-profits fixed term annuity and BPA products.
The second role from March 2026 to September 2026 is to lead the Valuation team. This team is responsible for developing and operating the tactical actuarial models which produce financial results for our new propositions before they are developed in the BAU models. The team also supports the valuation of our BPA schemes by carrying out point of sale reporting and calculating the value of unmodelled benefits.
These are great opportunities for experienced colleagues who are looking to demonstrate their capabilities at the next level or existing manager experts who are looking to spend time in a more commercially-focussed role.
Your Role Will Encompass:
- Business Alignment:Develop a strong overview of M&Gs new propositions gaining deep knowledge of new products and markets to tailor solutions to business needs.
- Innovation and Implementation:Support design and implementation of pricing and valuation processes to ensure new products are financially sound and commercially viable.
- Communication and Collaboration:Discuss complex financial concepts across the business including with non-actuarial colleagues contribute to product design and integrate financial solutions into broader business strategies.
- Ownership and Creativity:Take ownership of a solution from design through to implementation utilising creative thinking and problem solving skills to deliver individual valuation solutions while also driving forwards the bigger picture goal of delivering a more efficient and robust end-to-end reporting process.
Key Responsibilities:
- Quickly understand and adopt new concepts.
- Drive business growth by supporting the Proposition team to design innovative efficient and financially sound product solutions.
- Support delivery of solutions for new propositions/products efficiently and commercially.
- Engage with stakeholders in Finance and the wider business to track new development areas present Actuarial Model and Valuations views and identify dependencies to reduce blockers.
- Liaise with the wider Finance team to provide high-quality actuarial reporting input including Solvency II and IFRS 17 reporting.
- Challenge the status quo embrace change strive for continuous improvements and remain responsive to future business requirements.
- Work collaboratively with colleagues and take accountability to maintain and enhance controls to support improvement of the overall control environment customer outcomes and reduce operational risk.
- Lead a team of actuaries effectively organising their work and supporting their development to ensure the teams objectives are met.
Stakeholder Management:
- Engage with Finance BAU teams to understand existing methodology processes and controls.
- Consult on impact assessments requirements solution implementation and timelines.
- Handover solutions to BAU to mitigate risks and ensure smooth transitions.
Methodologies and Requirements:
- Provide clear methodologies and requirements for Actuarial Model and Valuations and the wider business ensuring implementation aligns with control frameworks and long-term goals.
Key Knowledge Skills & Experience:
- Strong knowledge of financial services regulatory and statutory frameworks (Solvency II IFRS) and external reporting requirements.
- Experience in preparing financial information for internal and external reporting including capital reporting.
- Strong verbal and written communication skills.
- Knowledge of life and pensions products markets and competitors.
- Working knowledge of governance risk and compliance processes.
- Understanding of commercial implications of decisions.
- Experience using technologies to develop and improve processes.
- Ability to disseminate complex information to stakeholders with varying degrees of sophistication.
- Experience leveraging business understanding and finance knowledge to support the business and make insightful recommendations.
- Ability to produce high-quality technical work within a controlled environment.
- Ability to lead a team effectively.
Qualifications:
- Qualified actuary with extensive experience in the financial services sector.
Work Level: Manager / Expert
Recruiter: Matt Campbell
Close Date: 89h October 2025
We have a diverse workforce and an inclusive culture at M&G plc underpinned by our policies and our employee-led 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:
Senior IC
Employment Type
Full-Time
