Valuation Actuary

At M&G our purpose is to help people manage and grow their savings and investments, responsibly. As a business, we are continuing to take steps towards a sustainable future, delivering better long-term solutions for our customers and clients and identifying new opportunities to make a positive impact for our environment and communities. To help us achieve our vision we’re looking for exceptional people who live our values of care and integrity and who can inspire others; embrace change; deliver results and keep it simple.

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:
You will support the development of Finance capabilities to design and adopt new products and solutions:

- The role holder will be a qualified actuary with extensive experience in Financial Reporting.
- The role will require previous experience working in the bulk purchased annuities (BPA) sector.
- The role will require strong communication skills, explaining complex financial concepts to non-finance experts and make a strong contribution to the product design process.
- The role holder will have the ability to quickly understand and adopt new and complex concepts.
- The position calls for an individual who is a self-starter who can work independently to deliver high-quality outputs.

Key Responsibilities for this role:

- Support the delivery of solutions to implement new proposition/products in an efficient, commercial and controlled manner.
- Drive business growth by contributing to the design of innovative, efficient and financially sound product solutions.
- Ensure the provision of high quality actuarial reporting input to the business.
- Liaise with the wider Finance teams to ensure reporting capabilities for new propositions are in place in a timely and controlled manner.
- Work collaboratively with colleagues and take personal accountability to maintain and enhance controls you are responsible for to support improvement of the overall control environment, customers outcomes and a reduction in M&G plc’s operational risk.

Key Knowledge, Skills & Experience:

- Qualified Life actuary with strong knowledge of financial services, regulatory and legislative frameworks, including IFRS and Solvency II principles and associated external reporting and disclosure requirements.
- Experience of preparing financial information for the purposes of meeting internal and external reporting requirements.
- Strong verbal and written communication skills
- Knowledge of financial services regulatory and legislative environment and reporting metrics
- Knowledge of life and pensions products, markets and competitors
- Working knowledge of the impact of governance, risk and compliance processes
- An understanding of the commercial implications of decisions
- Experience in understanding the wider business and distilling this information to provide understandable results to the business
- Experience of disseminating complex quality information to internal and external stakeholders (including regulators and rating agencies) and ensuring it is understood
- Experience of delivering advanced financial findings and results to an audience with varying degrees of sophistication by breaking down complex information and challenging others to appropriately limit technical jargon
- Experience of using understanding of the business linked with finance knowledge to support the business and of making recommendations and helping to originate creative solutions
- Experience of delivering under pressure and/or to tight timescales
- Experience of translating Finance’s vision and goals into clear, specific and achievable objectives, making the vision tangible for individual teams
- Ability to produce high quality technical work whilst operating within a well-controlled environment

Work Level: Experienced Colleague

Close Date: 21st March 2024

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 or disability 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.