Actuary With-profits

At M&G our vision is**:to become the best loved and most successful savings and investment business **and we're looking for people who are excited about joining us on our journey. We're digitally transforming and investing heavily in technology and innovation to develop new and improved customer propositions that really raise the bar for our customers.To help us achieve our vision we're looking for exceptional people who live our values and behaviours and who can inspire others; embrace change; deliver results and keep it simple.
**What you can expect from us**:
We are committed to creating an environment where you can be exceptional at all you do. To help us deliver this, we promise to:

- **Challenge Your Limits** by creating a stimulating working environment and providing opportunities for you to be involved in meaningful and challenging work
- **Support Your Aspirations** with a commitment to learning and development that helps you achieve and build your experience with people who want you to succeed
- **Value Your Input **whereby leaders and managers will involve you in key decisions, listen to your thoughts and recognise the important contribution you make
- **Balance Your Life** through a work life partnership that focuses on making this an inclusive, diverse and friendly place to work and offers the flexibility and support that enables everyone to be at their best

**How do we support our employees**:
All M&G plc employees will be supported in the workplace through our M&G Employee Assistance Programme (EAP). If you need counselling, confidential financial or legal advice. The service is available 24 hours a day, 365 days a year and offers access to qualifiedprofessionals who can provide specialist information, advice and support on many issues. It offers a broad range of services, including help with family issues, maintaining work/life balance and mental health support.
The Team The with-profits management team, which sits within the Commercial Finance team, serves the following purposes:

- The team provides expert with-profits knowledge to inform key business decisions, delivered through a comprehensive understanding of the investment strategy, bonus policy, capital and expense drivers and profitability of the with-profits business
- Reviewing and challenging of initiatives and changes proposed by the business to the extent they impact the with-profits funds and policyholders
- Enabling the statutory role of the With-Profits Actuary to be fulfilled in connection to the With-Profits business, with a view to safeguarding policyholders' interest and ensuring they are treated fairly
In order to discharge its responsibilities in an efficient manner, the with-profits management team is moving to operating as a series of networked teams, clustering individuals in a fluid fashion to address specific pieces of work, although the main prioritiesfor each individual will be specified in their objectives. The role The Actuary - With-Profits will act as a key support to the Senior Actuary - With Profits, providing expert technical advice on issues arising within the context of Prudential's With-Profitsbusiness, and the ongoing strategic management of the With-Profits funds. The role holder will have a good understanding of the Prudential With-Profits funds and related processes, and an appreciation of how decisions affect policyholder outcomes and the implicationsfor treating policyholders fairly. They will be expected to review and draft papers for committees and senior management, and to attend meetings or committees to represent to the With-Profits Management team and Finance. **Experience**:

- Experience of using understanding of the business linked with finance knowledge to support the business, making recommendations and helping to originate creative solutions
- Experience of With-Profits fund management including investment strategy and capital management, and an appreciation of how they affect policyholder outcomes and the implications for treating policyholders fairly
- Experience of providing guidance and advice to the business on actuarial issues
- Experience of simply communicating complex financial information to stakeholders
- Experience of writing Board level reports and papers
- Experience of coordinating activities across multiple Finance teams to ensure the needs of business stakeholders are met
- Experience of advising on the commercial implications of decisions
- Experience of reviewing, analysing and effectively challenging results
- Experience of approaching complex issues from different angles, explaining the cause and effect of situations
- Experience of considering different future scenarios, opportunities and risks to generate creative solutions and operational plans that align with Prudential's strategy

**Knowledge**:

- Knowledge of financial services regulatory and legislative frameworks
- Knowledge of actuarial professional standards and codes
- Working knowledge of With-Profits business and industry best practice
- Working knowledge, expertise and experience in financial reporting and product pricing
- Awareness of Group and external developments and ability to identify, recommend and implement improvements to processes and policies in line with these
- Knowledge of life and pensions products, markets and competitors

**Personal attributes**: - 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 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 challenge decisions, setting out clearly the rationale for the challenge and clearly communicating own point of view Ability to communicate complex issues to peers and other senior stakeholde