Actuary Business Development

Prudential UK Services; City Of London; On-site; GBP 70,000 - 85,000; Full time

Job summary

A leading financial services firm in London seeks an experienced actuary to join its Business Development team. Responsible for designing and implementing new life products, the candidate will leverage strong communication skills and financial expertise to drive business growth and collaborate with stakeholders. This role offers excellent benefits and flexible working arrangements.

Benefits

18% pension scheme

38 days annual leave

Private Healthcare

Qualifications

• Strong knowledge of Solvency II and IFRS frameworks.
• Experience preparing financial information for reporting.
• Ability to produce high-quality technical work.

Responsibilities

• Engage with stakeholders to track new developments.
• Support delivery of solutions for new products.
• Explain complex financial concepts to non-finance experts.

Skills

Strong knowledge of financial services regulatory frameworks

Excellent verbal and written communication skills

Understanding of commercial implications

Experience using technologies to develop processes

Ability to disseminate complex information

Education

Qualified actuary with extensive experience in financial services

Job description

Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years we have a long history of innovation in savings and investments combining asset management and insurance expertise to offer a wide range of solutions.

Our two distinct operating segments Asset Management and Life work together to provide access to balanced long-term investment and savings solutions.

Through telling it like it is owning it now and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.

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.

The Role

Do you want to be involved in helping to design and deliver the future of M&G’s life products? Join M&G Actuarial Business Development team to support the company’s ambitious and innovative new business plans. This team sits within the wider Finance team and plays a pivotal role in designing, valuing and implementing new propositions and products. The successful candidate will provide actuarial expertise during the design and initial assessment stage and deliver robust and innovative solutions for financial reporting.

Whilst willing to accept candidates with a wide variety of applicable experience we have a particular interest in candidates who have worked in with-profits bulk annuities / DB pensions or solvency capital.

Your Role Will Encompass

• Business Alignment : Develop a strong overview of M&G plc’s business gaining deep knowledge of new products and markets to tailor solutions to business needs.
• Innovation and Implementation : Support design and implementation of pricing and valuation processes to ensure new products are financially sound and commercially viable.
• Communication and Collaboration : Explain complex financial concepts to non-finance experts contribute to product design and integrate financial solutions into broader business strategies.
• Ownership and Creativity : Take ownership of a solution from design through to implementation utilising creative thinking and problem solving skills to deliver individual valuation solutions while also driving forwards the bigger picture goal of delivering a more efficient and robust end-to-end reporting process.

Key Responsibilities

• Explain complex financial concepts to non-finance experts and contribute to product design.
• Quickly understand and adopt new concepts.
• Drive business growth by supporting the Proposition team to design innovative, efficient and financially sound product solutions.
• Support delivery of solutions for new propositions/products efficiently and commercially.
• Engage with stakeholders in Finance and the wider business to track new development areas, present Actuarial Model and Valuations views and identify dependencies to reduce blockers.
• Liaise with the wider Finance team to provide high-quality actuarial reporting input including Solvency II and IFRS 17 reporting.
• Challenge the status quo, embrace change, strive for continuous improvements and remain responsive to future business requirements.
• Work collaboratively with colleagues and take accountability to maintain and enhance controls to support improvement of the overall control environment, customer outcomes and reduce operational risk.

Stakeholder Management

• Engage with Finance BAU teams to understand existing methodology, processes and controls.
• Consult on impact assessments, requirements, solution implementation and timelines.
• Handover solutions to BAU to mitigate risks and ensure smooth transitions.

Methodologies and Requirements

• Provide clear methodologies and requirements for Actuarial Model and Valuations and the wider business ensuring implementation aligns with control frameworks and long-term goals.

Key Knowledge Skills & Experience

• Strong knowledge of financial services regulatory and statutory frameworks (Solvency II, IFRS) and external reporting requirements.
• Experience in preparing financial information for internal and external reporting including capital reporting.
• Strong verbal and written communication skills.
• Knowledge of life and pensions products markets and competitors.
• Working knowledge of governance, risk and compliance processes.
• Understanding of commercial implications of decisions.
• Experience using technologies to develop and improve processes.
• Ability to disseminate complex information to stakeholders with varying degrees of sophistication.
• Experience leveraging business understanding and finance knowledge to support the business and make insightful recommendations.
• Ability to produce high-quality technical work within a controlled environment.

Qualifications

• Qualified actuary with extensive experience in the financial services sector.

Work level: Experienced Colleague

Recruiter: Matt Campbell

Close Date: 18th November 2025

What we offer

At M&G we are committed to helping you thrive and supporting your wellbeing both at work and beyond. Our benefits are designed to help you balance your professional and personal life while planning confidently for your future. Our UK benefits include :

As a savings and Investments firm we are proud to offer a valuable pension scheme of 18% with 13% made up of Employer Contributions and 5% Employee Contributions . We also offer Share Save and our Share Incentive Plan together with access to financial wellbeing and support services - to help give you real confidence to put your money to work.

Enjoy 38 days annual leave including bank holidays with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy to balance your work and personal commitments.

Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy and paternity leave - as supporting families is a core aspect of our inclusive culture.

Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you with family options - for peace of mind.

To explore more about life at M&G and our full benefits offering visit Life at M&G.

M&G is also proud to be a Disability Confident Leader and we welcome applications from candidates with long-term health conditions, disabilities or neuro‑divergent conditions.

If you need assistance or an alternative means of applying for a role due to a disability or additional need please let us know by contacting us at :

Key Skills: Business Development, Sales Experience, Direct Sales, B2B Sales, Marketing, Sales Pipeline, Salesforce, Strategic Planning, Enterprise Sales, negotiation, Lead Generation, Contracts

Employment Type: Full-Time

Experience: years

Vacancy: 1