Senior Actuarial Manager

4 weeks ago


Stirling, Stirling, United Kingdom M&G plc. Full time
About the Role

M&G plc is seeking a highly skilled Senior Actuarial Manager to join our Chief Actuary Team. As a key member of our actuarial function, you will play a critical role in ensuring the financial wellbeing of our insurance business.

Key Responsibilities
  • Lead a team of actuaries in carrying out statutory duties and the duties of the Actuarial Function, with a focus on the shareholder-backed business of M&G.
  • Assist the Chief Actuary in monitoring the company's solvency and financial strength, assessing the adequacy of new business pricing, underwriting and reinsurance arrangements.
  • Review other management activities for their impact on solvency and financial strength, and provide advice to management, relevant Boards and Committees.
  • Support the Risk Function and contribute to the implementation of the Internal Model, ensuring compliance with statutory and professional standards.
  • Work with the business to ensure the right outcomes for customers.
Requirements
  • Expert knowledge of Solvency II regulations.
  • Detailed knowledge of M&G Prudential's systems, strategy and standards.
  • Detailed knowledge of actuarial profession's standards and codes of conduct.
  • Significant experience in the financial reporting and actuarial modelling of life assurance liabilities.
  • Experience in leading actuarial programs where new methodologies, frameworks and concepts are created, deployed and operationalised.
  • Significant experience as a trusted adviser, utilising subject matter expertise to interpret complex recommendations, considering cause and effect, drawing conclusions and recommending solutions.
  • Experience in coaching and guiding others in using advanced actuarial principles and methodologies to solve complex or unique problems and in ambiguous or unique situations.
  • Experience in constructively challenging and influencing a range of peers and stakeholders, using multiple strategies to gain stakeholder support for change.
Personal Attributes/Skills
  • Adept at building strong relationships.
  • Ability to show sound, reasoned judgement.
  • Ability to anticipate key stakeholders' perspectives and appreciate alternative viewpoints when challenged.
  • Ability to work across technical and non-technical business areas.
  • Ability to assess and react quickly and decisively to problems once identified and to take tough decisions based on well thought-through principles where required.
  • Ability to influence and negotiate at all levels of the organisation, including internal and external.
  • Ability to challenge decisions, setting out clearly the rationale for the challenge and clearly communicating own point of view.
  • Be confident and show gravitas.
  • Ability to communicate vision to gain support and motivate others to build a sense of shared purpose.
  • Ability to communicate complex issues to peers and other senior stakeholders in a simple and succinct manner.
  • Ability to generate ideas and options to address complex issues and drive these to resolution.
  • Ability to manage multiple demands from different senior stakeholders both internal and external, operating in a fast-moving and sometimes ambiguous environment.
  • Driven to embed best practice.
Qualifications
  • Fellow of the Institute and Faculty of Actuaries (or equivalent actuarial qualification).


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