Actuary Business Development

Prudential UK Services; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A prominent financial services firm in Greater London is seeking an experienced actuary to join their Business Development team. This role involves designing and implementing innovative life products while providing actuarial expertise and aligning solutions to business needs. Ideal candidates should have a strong regulatory knowledge, particularly regarding Solvency II and IFRS, alongside a commitment to continuous improvement and collaboration with diverse teams.

Benefits

Pension scheme with 18% employer contributions

38 days annual leave

Private Healthcare and Critical Illness cover

Paid parental leave

Qualifications

• Strong knowledge of financial services regulatory frameworks including Solvency II and IFRS.
• Ability to produce high-quality technical work within a controlled environment.
• Strong verbal and written communication skills.

Responsibilities

• Develop a strong overview of M&G's business and tailor solutions to business needs.
• Support design and implementation of pricing and valuation processes.
• Engage with stakeholders in Finance to track new development areas.

Skills

Business Development

Sales Experience

Direct Sales

B2B Sales

Strategic Planning

Education

Qualified actuary with extensive experience in the financial services sector

Tools

Salesforce

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 work place 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 life products Join M&G Actuarial Business Development team to support the companys 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 plcs 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.

What we offer

At M&G were 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.

We have a diverse workforce and an inclusive culture at M&G 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 disability or long term condition 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.

Ifyou need assistanceor an alternative means of applying for a role due to a disability or additional needpleaselet usknow 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

Work level : Experienced Colleague

Recruiter : Matt Campbell

Close Date : 18th November 2025

Employment Type : Full‑Time

Experience : years

Vacancy : 1