IFRS17 - Actuary (9 month fixed term)

Recruiter
M&G plc.
Location
Stirling, United Kingdom
Salary
Competitive
Posted
11 Jun 2022
Closes
25 Jun 2022
Ref
15380999
Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
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.

The Role:
The Actuary will provide technical input and contribute to the delivery of timely and accurate input to the company's financial reporting, including the adoption and development of change to support the transition to IFRS17 reporting. The role will be responsible for supporting senior management in the detailed understanding of the drivers of the IFRS 17 results and the wider implications for the business, covering both assets and liabilities. This role requires technical experience in, and understanding of, the business, financial reporting and valuations. The team, and therefore the role will work closely with several other teams across Finance Reporting and the business.

Key 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 for this role:
  • Work as a team of Finance professionals, including technical experts, in the delivery of financial reporting and associated financial information with supporting analysis and commentary in line with the working day timetable.
  • Ensure the delivery of high quality results, meeting customer needs, within a robust control framework including clear audit trail
  • Producing and being accountable for the technical accuracy of financial information to support production of IFRS 17 results.
  • Carrying out processes and controls to ensure the accurate production of information and document work performed to ensure appropriate audit trials are maintained.
  • Be an expert in the modelling and financial reporting of the business; combining detailed knowledge of the business, modelling and valuations - ensuring the delivery of technically accurate, robust and well explained inputs to the regular reporting and wider business management
  • Provide technical expertise to design technical solutions as part of change projects within Finance
  • Work collaboratively with colleagues and take personal accountability to maintain and enhance controls you are responsible for to support improvement of the overall control environment, customers outcomes and a reduction in M&G's operational risk

Key Knowledge, Skills & Experience:
  • A qualified Actuary
  • Ability to produce high quality technical work whilst operating within a well-controlled environment
  • A technical knowledge of the business and the key data in the balance sheets and P&L, with detailed understanding of asset and liability risks and how they impact key metrics;
  • Detailed technical level knowledge of performing financial reporting and effective tools for developing and enhancing the financial reporting processes
  • Demonstrable experience of problem solving and providing practical solutions to complex problems
  • Experience of actively seeking out opportunities to learn about new developments and applying them to current work processes, and of considering the impact of own team's work and suggesting improvements to process and deliverables
  • Ability to work on your own initiative
  • Ability to work to deadlines and prioritise workload
  • Some experience of communicating findings and results of analyses in the appropriate format to ensure understanding, determining the most appropriate message and delivery method
  • Strong verbal and written communication skills, with ability to express own viewpoint and to communicate clearly on complex actuarial issue
  • Flexible and adaptable, and a good team player

Work Level - Experienced Colleague
Recruiter - Matt Campbell
Close Date - 23rd June 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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