Pricing Director

4 weeks ago


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

We are seeking a highly skilled and experienced Pricing Director to join our team at M&G plc. As a key member of our Corporate Risk Solutions (CRS) division, you will be responsible for designing and delivering bulk purchase annuities and alternative de-risking products for Defined Benefit pension schemes.

Key Responsibilities
  • Develop and implement pricing strategies for BPAs and other de-risking solutions
  • Collaborate with colleagues from across the business and outsourcing partners to integrate commercial, investment, longevity, reinsurance, balance sheet management, and structuring workstreams into pricing projects
  • Provide technical analysis, strategy, business planning, and ad hoc support to senior stakeholders across M&G Life
  • Support distribution and transaction management colleagues with the production of high-quality client deliverables and wider relationship management activities
  • Develop and maintain pricing models and infrastructure, including tech solutions across the CRS pricing infrastructure
  • Manage commercial outsourcing arrangements
  • Develop and implement novel bulk annuity transaction structures, reinsurance solutions, and new product lines
  • Lead Pricing projects in partnership with the Treasury and Investment Office, Finance Strategy & Finance Reporting teams
  • Provide mentoring and development support to junior team members
Requirements
  • Commercially minded Actuary with exceptional technical skills
  • Experience of bulk annuity pricing, funded reinsurance, longevity reinsurance, or life insurance balance sheet management required
  • Understanding of UK DB pensions valuable
  • Understanding of Solvency II/UK for life insurance, in particular balance sheet construction, liability discounting, asset strategy & ALM valuable
  • Experience of developing/structuring and pricing institutional insurance products valuable
  • Understanding of non-standard capital and reinsurance structures valuable
  • Ambitious and self-motivated with ability to work on own initiative/prioritise workload to strict deadlines
  • Strong communication and presentation skills
About M&G plc

M&G plc is a leading international savings and investments business with a rich history dating back over 170 years. We offer a range of financial products and services through Asset Management, Life and Wealth. Our purpose is to give everyone real confidence to put their money to work.

We are committed to creating an exceptional place to work for exceptional talent. We offer flexible working arrangements and workplace accommodations to ensure you have what you need to effectively deliver in your role.

We have a diverse workforce and an inclusive culture at M&G plc, underpinned by our policies and employee-led networks who provide networking opportunities, advice, and support for the diverse communities our colleagues represent.


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