Actuarial Solutions Associate

M&G plc.
London, United Kingdom
06 Jan 2023
26 Jan 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
At M&G our purpose is to help people manage and grow their savings and investments, responsibly. As a business, we are continuing to take steps towards a sustainable future, delivering better long-term solutions for our customers and clients and identifying new opportunities to make a positive impact for our environment and communities . To help us achieve our vision we're looking for exceptional people who live our values of care and integrity and who can inspire others; embrace change; deliver results and keep it simple.

We will consider flexible 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.

Actuarial Solutions Associate:

The Corporate Risk and Investment Solutions (CRIS) team was formed in 2021 in order to maximise M&G's competitive advantage as both asset owner (Insurer) and asset manager. It has a broad remit to grow global insurance AUM through designing and delivering products/solutions for Defined Benefit pension schemes.

This includes:
  • Developing, marketing and implementing de-risking / covenant enhancement solutions involving insurance risk transfer for Defined Benefit pension schemes
  • Coordinating strategy, building and advising on suitable product, ensuring best in class client service and developing new and existing business

Due to ongoing success and a strong opportunity set, the team is adding headcount in a number of areas. Reporting to the Pricing Director, this role is focused on supporting various stakeholders within the CRIS team in pricing and structuring on-balance-sheet insurance and risk transfer products. However, commensurate with their experience, skill set, and interests they will be involved in diverse projects and have the opportunity to shape the development of their role as products are launched and the team grows. Full study support will be included.

Key Responsibilities for this role:
  • Involvement in various aspects of pension risk transfer and on-balance-sheet insurance product pricing, for different solutions and propositions
  • Supporting the development of new propositions through building, testing and documenting models across the CRIS pricing infrastructure
  • Working with colleagues from across the business and outsourcing partners to integrate commercial, pricing and structuring workstreams into all aspects of product development
  • Supporting directors and senior stakeholders with technical analysis and ad hoc queries
  • Supporting the team in ensuring that client deliverables are produced to a high technical standard
  • Where of interest, working closely with the Distribution team to help develop relationships with clients, prospects and intermediaries

Key Knowledge, Skills & Experience:
  • Student actuary with up to three year's work experience, ideally in DB pensions consulting or bulk annuity pricing
  • Experience in pension valuation techniques and data manipulation preferred
  • Excellent numerical and analytical skills, with an interest in technical modelling
  • Ambitious and self-motivated, with ability to work on own initiative/prioritise workload to strict deadlines
  • Good communication skill and the ability to understand and capture client needs
  • Knowledge of Solvency II for life insurance beneficial but not essential
  • Experience of VBA or actuarial modelling software beneficial

Work Level: Colleague
Location: London or Edinburgh (hybrid / flexible)
Recruiter: Amy Curtis

We have a diverse workforce and an inclusive culture at M&G plc, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality or disability we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.
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