Actuary

M&G; City of Edinburgh; Hybrid; GBP 50,000 - 75,000; Full time

Job summary

M&G invites a Qualified Actuary to join their IFRS reporting team. This position allows flexible working arrangements and involves managing the IFRS17 engine to produce quarterly results. Ideal candidates will have experience in financial reporting and strong analytical and communication skills.

Qualifications

• Qualified actuary with post-qualification experience.
• Experience of IFRS17 reporting requirements.
• Knowledge of insurance products and systems.

Responsibilities

• Support IFRS17 results production, including running and maintaining the IFRS17 engine.
• Produce quarterly IFRS17 results and analyze movements in liabilities.
• Communicate results effectively with senior stakeholders.

Skills

Analytical Skills

Problem-Solving

Effective Communication

Education

Qualified Actuary

Job description

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We will consider flexible working arrangements for any of our roles and also offer workplace accommodations to ensure you have what you need to effectively deliver in your role.

Context for the role:

An excellent opportunity has arisen for a Qualified Actuary to join the IFRS reporting team. This role offers a blended approach of working from home and from our offices in Stirling, Edinburgh, or Mumbai.

In this role, you will support the delivery of accurate and well-explained IFRS results. You will be involved in running and maintaining the IFRS17 engine and the associated architecture required to produce IFRS17 results.

Key Responsibilities:

1. Support IFRS17 results production, including running and maintaining the IFRS17 engine.
2. Produce quarterly IFRS17 results from the engine, analyzing and explaining movements in liabilities, risk adjustment, and CSM as required.
3. Support and define improvements to the IFRS17 reporting process; liaise with IT and other suppliers on necessary developments.
4. Work closely with Group Reporting and Accounting teams to understand output from the engine related to liability disclosures.
5. Ensure results are produced timely within the working day timetable.
6. Communicate results effectively with key stakeholders, including senior leadership.
7. Maintain effective working relationships with other teams in Finance and IT.
8. Provide support for other finance reporting initiatives as required.

Experience, Skills, and Knowledge:

• Qualified actuary with post-qualification experience.
• Experience of IFRS17 reporting requirements.
• Knowledge of insurance products and systems.
• Experience in the production and delivery of financial reporting within a life insurance organization.
• Highly analytical with strong problem-solving skills, a commercial mindset, and the ability to simplify complex ideas into effective solutions.
• Effective communicator with the ability to influence and build successful relationships with senior stakeholders.

Work Level: Experienced Colleague

We foster a diverse and inclusive culture at M&G plc, supported by policies and employee-led networks that provide networking, advice, and support for our diverse communities. We welcome applicants regardless of gender, ethnicity, age, sexual orientation, nationality, disability, military service, or those returning from career breaks.