M&A Longevity Actuary

M&G plc.
Stirling, United Kingdom
17 Jun 2022
01 Jul 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.

Role Summary:
The Longevity team is responsible for development of the mortality bases for retirement products and monitoring of longevity risk. To achieve this the team is required to develop cutting edge models of and approaches to longevity risk. The Longevity Actuary acts as necessary support to the Longevity team by carrying out longevity and mortality research, reporting to the Head of Methodology & Assumptions on insights and implications of key findings

Key Work Level Accountabilities:

Manager or Expert:
  • For people managers, accountable for managing and motivating others to ensure quality of delivery to customers and stakeholders
  • For technical specialists, accountable for delivering expert advice or service, using specialist knowledge and subject matter expertise
  • Applies judgement to deliver outcomes, evaluating a range of potential solutions, considering the impact for customers, cost and risk
  • Manages conflicts that may impact delivery
  • Challenges upwards given knowledge of delivery and awareness of complex systems and the broader picture
  • Identifies and anticipates need for changes to continuously improve quality and efficiency of output
  • Manages resources and risks using expert judgment, know-how and experience

Key Responsibilities:
  • To carry out and support longevity analysis, including undertaking the necessary technical investigations and research
  • To provide expert insight into emerging longevity trends
  • Support the production of longevity assumptions, both in the best estimate liabilities and the capital requirements
  • Act as recognised authority on area(s) of professional specialism within Actuarial, providing technical advice, guidance and oversight of team outputs
  • Accountable for the technical accuracy of projects/processes delivered personally (as defined in objectives) or through the team
  • Accountable for the management of a team of trainee actuaries and/or technicians

  • Experience in the production and communication of longevity assumptions, both in the best estimate liabilities and the capital requirements
  • Performing experience analysis and data manipulation in relation to the monitoring mortality experience and analysing trends
  • Significant experience of working in a range of different technical roles across an actuarial function (ideally including financial reporting and actuarial modelling)
  • Significant experience of taking complex and ambiguous problems and quickly generating practical solutions
  • Experience of communicating and influencing effectively with a range of stakeholders within and beyond the immediate team
  • Experience of managing people

  • Knowledge and understanding of longevity trends
  • Keep up to date with research impacting longevity risk
  • Experience in the use and enhancement of models relating to the analysis of longevity trends
  • Detailed knowledge, expertise and experience in financial reporting and product pricing
  • Detailed knowledge of life and pensions products, markets and competitors
  • Detailed knowledge of financial services regulatory and legislatory frameworks
  • Qualified Actuary with relevant post qualification experience, a Fellow of the Faculty or Institute of Actuaries that follows the Continued Professional Development requirement
  • Detailed knowledge of actuarial professional standards and codes

Recruiter: Matt Campbell
Work Level: Manager or Expert
Closing Date: 10/07/2022

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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