Director of Pricing Strategy

3 weeks ago


London, Greater London, United Kingdom ENGINEERINGUK Full time

Job Overview:

M&G is a leading international savings and investments business with a rich history dating back over 170 years. As an exceptional Financial Modelling Lead, you will be responsible for delivering attractive financial outcomes for our clients and superior shareholder returns.

The role requires end-to-end ownership of a wide variety of projects, working closely with colleagues from across the business and outsourcing partners to integrate commercial, investment, longevity, reinsurance, balance sheet management and structuring workstreams into pricing projects.

You will have the opportunity to develop new and enhanced modelling capability, including tech solutions across the CRS pricing infrastructure. In addition, you will manage commercial outsourcing arrangements and lead the ongoing pricing development of novel bulk annuity transaction structures, reinsurance solutions, and new product lines.

Key Responsibilities:

  • Leading end-to-end pricing for BPAs and other de-risking solutions
  • Working with colleagues from across the business and outsourcing partners to integrate commercial, investment, longevity, reinsurance, balance sheet management and structuring workstreams into pricing projects
  • Supporting senior stakeholders across M&G Life with technical analysis, strategy, business planning and ad hoc queries
  • Supporting distribution and transaction management colleagues with the production of high quality client deliverables and wider relationship management activities
  • Managing commercial outsourcing arrangements
  • Leading the ongoing pricing development of novel bulk annuity transaction structures, reinsurance solutions, and new product lines
  • Study mentoring and wider development support to junior team members

Required Skills and Qualifications:

  • 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
  • Ambitious and self-motivated with ability to work on own initiative/prioritise workload to strict deadlines

Salary: £80,000 - £110,000 per annum, depending on experience

Location: London



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