Pricing Director

1 month ago


London, Greater London, United Kingdom ENGINEERINGUK Full time
About the Role

We are seeking a highly skilled Pricing Director to join our Corporate Risk Solutions team at M&G Life. As a key member of the Pricing team, you will be responsible for leading end-to-end pricing for bulk purchase annuities and other de-risking solutions.

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 and 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
  • Lead the development of new and enhanced modelling capability, including tech solutions across the CRS pricing infrastructure
  • Manage commercial outsourcing arrangements
  • Lead the ongoing pricing development of novel bulk annuity transaction structures, reinsurance solutions, and new product lines
  • Collaborate with the Treasury and Investment Office, Finance Strategy & Finance Reporting teams on Pricing projects
  • Provide study mentoring and wider 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

About Us

M&G Life is a leading international savings and investments business with a rich history spanning 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 welcome applications from diverse candidates and offer flexible working arrangements and workplace accommodations to ensure you have what you need to effectively deliver in your role.


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