Part Qualified Actuary - Actuarial Valuations

M&G plc.
Stirling, United Kingdom
06 May 2022
20 May 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
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.

We know that an inclusive environment makes us more accessible and ensures we attract, engage, promote and retain exceptional people. We welcome applications from all individuals regardless of age, gender/gender identity, sexual orientation, ethnicity/nationality, disability, or military service and welcome those who have taken career breaks. We will consider flexible working arrangements or home working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.

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 qualified professionals 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.

Context for the Role:

The Shareholder Actuarial Valuation Team focuses on the delivery of accurate and well explained shareholder results of the M&G Prudential business, and forms part of our Finance department.

An excellent opportunity has arisen for a Part Qualified Actuary to join this team.
In this role you will support the Shareholder Non-profit Valuation Reporting Actuary deliver accurate and well-explained IFRS and Solvency II valuation results, from processing model output to preparing detailed analyses of profit/loss and surplus. The team also support a wide variety of projects, looking at the financial impact of improvements and initiatives on the shareholder balance sheet. A full study package will be included.
The role will have a blended approach working mainly from home, with one-two days per week at one of our offices in Stirling, Edinburgh or London.

Work Level Accountabilities:
Experienced Colleague
  • Accountable for providing a quality service or product to customers and stakeholders, using skills/experience built through significant practical experience or training
  • For team leaders, accountable for ensuring the team the role supports is delivering a quality service or product
  • Works within established frameworks and procedures, with the freedom to interpret them to solve a range of problems
  • Delivers outputs that are clearly defined, using discretion over how to achieve them
  • Makes suggestions for improvements to the work of the team, based on previous experience and knowledge of similar situations

Key Responsibilities:
  • To support the Shareholder Non-Profit Valuation Reporting Actuary in the production of the Group's IFRS and Solvency Il asset and liability valuations for all reporting periods.
  • Produce accurate and well-explained analysis of change at individual business line level.
  • Support valuation assumption setting and the validation and calibration of financial models
  • Communication of results with key stakeholders including senior management and other internal and external stakeholders.
  • Support analysis of impacts on the valuation of various projects and process improvement initiatives, delivering output to a high standard and in a timely manner.
  • To maintain effective working relationships with other teams in Finance, Risk and external parties.

Experience, Skills & Knowledge:
  • Be a part qualified actuary.
  • Have experience of IFRS and Solvency II reporting requirements.
  • Have knowledge of insurance products and systems.
  • Have experience of the production and delivery of financial reporting in a life organisation.
  • Be highly analytical and a skilled problem solver, with a strong commercial mind-set, and the ability to distil complex ideas or problems into simple, effective plans and solutions.
  • Be organised and willing to challenge and improve existing processes and controls
  • Have an ability to communicate effectively and influence effectively with productive, successful relationships with demanding senior stakeholders.

Work Level: Experienced Colleague
Recruiter: Matt Campbell
Close Date: 18th May 2022

We live by four behaviours at M&G and we ask all our employees to:
  • Inspire Others - Support and encourage each other, creating an environment where everyone can contribute and succeed
  • Embrace Change - Be open to change, willing to be challenged and able to adapt quickly and imaginatively to new ideas
  • Deliver Results - Focus on outcomes, set high standards and deliver with energy and determination
  • Keep it Simple - Cut through complexity and bureaucracy, be clear and decisive and never overcomplicate things

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